Fvndit
About Fvndit
Fvndit is a USA- and Vietnam-based fintech company, focused on solving the working capital problem for SMEs. The company is post-revenue and fully operational. The team is comprised of software engineers, UX/UI designers, data analytics experts, trade finance analysts, and banking veterans across 2 locations: Irvine, CA and HCMC, Vietnam. Trade finance is an age-old industry dominated by banks that focus on large, established corporate customers. Fvndit is using technology to re-build core parts of the business funding infrastructure and make the underwriting and financing seamless for small businesses. Our main product is post-invoice financing. Our wholly-owned subsidiary, eLoan, JSC (https://eloan.vn), operates an online Peer- to-Peer (P2P) funding and investing marketplace in Vietnam, our current local market. eLoan was launched in late 2017 and has facilitated over $5M USD in loan disbursements with zero loan loss. Going forward, we’re aiming to offer additional SME-focused financial technology services in Vietnam as well as in other countries in SE Asia where economic growth is expected to remain strong for decades to come. Our mission is to level the playing field for small businesses located in emerging markets and to provide them with simplified financial services at the click of a button.
Features
Fvndit wholly-owned subsidiary in Vietnam, eLoan, is the leading SME short-term financing platform in Vietnam with over $5M USD in disbursements and without any outside capital.
We’ve reached a stage, where the only thing stopping us from growing is the amount of money we have, to give out at 15%-20% interest per annum.
Today we are looking to attract $10M USD for loan funding activities through a US SEC-compliant security token offering.
Here are 4 reasons why we believe it’s a good opportunity:
* Our operational setup in Vietnam and the risk model have allowed us to maintain 0% non-performing loans and 10% month-to-month growth since 2017;
* Conducting our security token offering through a US entity that owns the Vietnamese subsidiary allows us to easily include foreign capital in the P2P marketplace today and in the future.
* Our security token holds financial (equity) and dividend rights.
* Quarterly dividends of $0.025 per token, which depending on the investment phase, is 10%-14.28% per annum.
Fvndit Roadmap
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Q2 2019
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Launch STO campaign.
Start 1st phase of token sale.
Scale and streamline operations. -
Q3 2019
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Start 2nd phase of token sale.
Add insurance partner and other banking partners.
Start expansion plans to other cities.
Launch Affiliate Program. -
Q4 2019
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Complete final phase of token sale.
Launch direct lending products.
Add KYC/AML automation.
Push for regulatory sandbox acceptance. -
Q1 2020
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Launch advance payroll program and Mobile Wallet.
Deploy enterprise API.
Increase loan limits.
Open operations in Mekong Delta. -
Q2 2020
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Start listing process for token.
Kick off initial blockchain adoption.
Onboard institutional partners.
Open new operations in Hanoi.
Activity
Fvndit Team
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Advisors
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Fvndit Last News
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