Place/Date: Myanmar - September 22nd, 2017 at 7:25 am UTC · 4 min read
Contact: Olga Rusakova, Source: MicroMoney
MicroMoney, a fintech institution from Eastern Asia, announces today its Initial Coin Offering set to launch on 18 October, 2017. The visionary company has big plans to transform the economy in emerging markets.
According to World Bank, 2 billions people around the world still don’t have a bank account. Unable to build credit, they lack access to basic financial services like personal loans and SME loans. This is a critical problem affecting local economies, especially in emerging countries like the Philippines, Thailand or Myanmar.
Micro-money offers a solution : helping people build their first credit history on the blockchain. It uses new technologies and Big Data to determine a person’s creditworthiness via an innovative neural scoring credit.
“We are proud of the fact that we can help people who have no access to the classical, but outdated centralized economy of bank” says Anton Dzyatkovsky, CEO and founder of MicroMoney
The company wants to lead the way towards to eliminating poverty with mobile and internet availability, along with financial inclusion. The founding team has a clear vision and set of goals following the ICO. Setting the sale hard-cap to $30 Mln, it plans to truly revolutionize the current economy situation in emerging countries around the world including regions Asia, Africa and South-America.
Anton Dzyatkovskii CEO and founder of MicroMoeny is also the lending director of Everest – a blockchain company with similar goals- where he has already raised 25M USD. With more than 15 years experience in the fintech industry and an extended understanding of the Asian market – Anton worked in Singapore and Thailand -. He is fully aware of what could be improve in those countries and believes strongly in changing the micro-industry.
MMT Token price is locked to $1 dollar per MMT Token. Maximum quantity of 60,000,000 will be issued and all the unsold tokens will be destroyed after Token Crowdsale. Purchases will be possible on https://micromoney.io/
Token sale will start on October 18 2017. Pre-sale has already started on September 15 2017 with a 43% bonus on purchase during this period. Early investors will get bonuses as high as 25% bonus on day one.
MicroMoney for the people, Big Data for Businesses
The platform is already functioning in 5 countries and has helped a lot a people with modest resources. It has a large amount of feedback with gratitude. Data don’t lie, indeed, 73% of customers are returned customers for whom the platform opened brand new possibilities. 9 out of 10 customers got the first loan of their life!
It is important to note that behind its easy process lays a complex and sophisticated type of technology : Neural Scoring. Gathering more than 10 000 data from a person’s phone, algorithms can determine the creditworthiness of a person in a record-time of 15 sec. Smart contracts are now being developed to secure transactions within the platform.
Undeniably, with MicroMoney’s innovative Big Data & Credit History Bureau built on Blockchain, thousands of local Businesses will get access to millions of new customers.
“We’re developing a whole new ecosystem to power the New World Global Crypto Economy.” said CEO Anton Dzyatkovsky
Now, MicroMoney plans to expand to China, Hong Kong and by the end of 2020, the company aims to cover India, Africa and South America.
MicroMoney is a global FinTech company, focuses on Big Data platforms for banking and financial organizations and micro-financing in the money lending industry. MicroMoney began operations in 2015 and has developed into a fast-growing company with more than 200 employees across offices in Singapore, Thailand, Myanmar, and Cambodia. MicroMoney provides premium micro-financing services for lower income people, underbanked and unbanked customers in Asia.
Learn more about MicroMoney at – https://micromoney.io/
Read the whitepaper here: https://micromoney.io/MicroMoney_whitepaper.pdf
Follow on Facebook at – @micromoneymyanmar
Join the discussion on Telegram – https://t.me/micromoneyico