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Ratings L-pesa

L-Pesa Kripton

L-Pesa is a financial technology platform providing new financial tools to consumers and small business in Africa and Asia. We allow people to create opportunities for themselves and their families. Borrowers on the L-Pesa platform use funds to start or grow a business, pay for education or otherwise support their ambition in life. Using a dedicated token on the blockchain means that all investors can benefit from the capital gain caused by the network effect. The coins are finite in supply, and as L-Pesa expands people can pay back their loans with the coins. People will also be able to use to LPK buy goods and services.

3.7
7 6 expert ratings
Benchy 3.2
KYC
Experts
4.1
4.4
3.7
Review: coming soon PRO
~$7,961,200
value of tokens sold in ICO
Ended
Token
LPK
Type
Price in ICO
0.0400 USD
Country
Whitelist/KYC
KYC & Whitelist
Restricted areas
China, South Korea, New Zealand
preICO start
18th Mar 2018
preICO end
10th Apr 2018
ICO start
10th Apr 2018
ICO end
10th May 2018
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Ratings

All ratings published on ICObench serve informational purposes only. ICObench does not provide investment forecast, recommendations or any consulting for that matter. Thus, neither ICObench, nor the experts can be hold responsible for the visitors’ investment decisions. Read more
Igor Karavaev
Blockchain Enthusiast
Rated on Mar 7, 2018
5
5
5
8%
This rating's weight is reduced by 50% as there is no review added.
Vladimir Nikitin

Rated on Apr 9, 2018
4
4
3
8%
This rating's weight is reduced by 50% as there is no review added.
David Drake
Managing Partner
Rated on Apr 13, 2018
4
5
5
15%

Very good vision. Make this work, good luck!

+1Agree
+1
Disagree
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Conston Taylor
ICO Advisor | ICO Analyst | Blockchain Researcher
Rated on Feb 14, 2018
3
3
2
14%

The team rating is reflective of using a benchmark of having experience with internationally recognized companies. The vision of wanting to help out is a noble one. I am more inclined to support ICOs that are looking to liberate people in need through grants as opposed to tying them down with loans. What is troublesome to me is that no where in the plan did it mention anything about the interest rate range that the borrowers would be charged. With concerns of exploitation with payday lending companies this is a glaring omission in my view. When the whitepaper is updated to reflect this information I will reevaluate the rating for the product and possibly the vision.

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+1
Disagree
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Andrew LangatICO team member replied on 19 Feb 2018
Conston, we agree that the idea of liberating people in need through grants as opposed to tying them down with grants is a great idea. However, this is what has been done over the past 50+ years in Africa to a large extent: As we all know, this approach has been an abysmal failure. The problem is human nature: when you give away something for free, the dark side of human nature comes out. You see corruption instead of development. In our whitepaper, we go into extensive detail to show how the economic development of Western Europe and the U.S. has been many multiples higher than Africa, and that this was not through grants, but rather through strategic investments including empowering the underprivileged.
On interest rates, our business website, www.l-pesa.com has extensive information on interest rates and repayment cycles (very flexible). In as much as we are a profit-driven company, the need for Profits doesn’t override the fact that we are dealing with people; often in dire need of money. We have a repayment rate of over 90%. If we could be tying people in debt, this figure would definitely be lower. Finally, we are not a payday loan company. Thank you
Richard Kastelein
Publisher of Blockchain News (EST 2015), Director of Blockchain Partners, Director of Token.Agency
Rated on Feb 16, 2018
5
5
4
13%

I have to support this one - as I was on the Humaniq ICO (Interim CMO) in late 2016 and spent time in Nairobi. They have connected the dots well. Biometric is key. Team looks good. Personal investment of half a million by founder is admirable. Great video. Great collection of papers - from one pagers to Whitepapers. Token distribution is fair. Mpesa in collaboration with banks were charging 6 percent per month on loans at one point. Crooks! You do need to make public your interest rates however. I will give a 5 on product if you do.

Good luck folks!

+1Agree
+1
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Ron Ezra TuvalICO team member replied on 18 Feb 2018
Richard, the exact interest rates are not shown in the whitepaper for several reasons. The primary reason is that we do not want to disclose our complex algorithms upon which our success is based. We have achieved a loss ratio below 10% on over 30,000 loans, and we have done this in countries where traditional credit scoring is not available. We have built a proprietary credit scoring model (constantly updated based on experience) which assigns a risk score to each loan. The interest rate is based on the amount of the loan and the credit score of the user. The interest rate is higher based on the credit score. Unlike traditional credit scoring in developed economies, L-Pesa users have the ability to improve their credit score. This is done by re-paying loans and then taking out additional loans of a larger amount. It’s a trust-based model.
If you go to www.l-pesa.com, you can use our loan calculator on the left hand side of the screen to view interest rates in various scenarios. You can also switch country to see how the numbers differ in different countries.
Please note that loans can be paid early without a pre-payment penalty, which allows users to reduce the amount they pay in interest.
Amarpreet Singh
Blockchain & ICO Advisor | Fintech | Innovation | Machine Learning | AI | Speaker & mentor
Rated on Feb 27, 2018
4
4
3
3%
This rating's weight is reduced by 50% as there is no review added.
Benchy
ICO analyzer bot
3.2
38%

Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

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