Fvndit

Fvndit

Created using Figma
Created using Figma
Invest in One of the Fastest Growing Economies
Sale
Jun 1, 2019
Sep 30, 2019
67% completed
Raised funds - no Data
ongoing
Pre-sale
May 1, 2019
May 31, 2019
100% completed
Raised funds - no Data
Cap 1 000 000.00 USD
Hard cap 10 000 000.00 USD
past
Token Details
Ticker
FVND
Accepted Currencies
ETH, BTC, USD
Company Details
Registered Country
United States
Additional Details
MVP/Prototype
Yes
KYC
Yes
Categories
Platform

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

  • Q2 2019

  • Launch STO campaign.
    Start 1st phase of token sale.
    Scale and streamline operations.
  • Q3 2019

  • Start 2nd phase of token sale.
    Add insurance partner and other banking partners.
    Start expansion plans to other cities.
    Launch Affiliate Program.
  • Q4 2019

  • Complete final phase of token sale.
    Launch direct lending products.
    Add KYC/AML automation.
    Push for regulatory sandbox acceptance.
  • Q1 2020

  • Launch advance payroll program and Mobile Wallet.
    Deploy enterprise API.
    Increase loan limits.
    Open operations in Mekong Delta.
  • Read More
  • Q2 2020

  • Start listing process for token.
    Kick off initial blockchain adoption.
    Onboard institutional partners.
    Open new operations in Hanoi.

Activity

Followers:
10
VERY LOW
Tweets:
14
VERY LOW
30 Days Growth:
1
Alexa

Rank:
1 866 464
VERY LOW
Delta:
-14 386 762

Fvndit Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

2 ICO

$2 500 000

Tan Tran
CEO
unverified
Trung Vo
COO
unverified
Tom Tran
CTO
unverified
Kaur Kirikall
CMO
unverified
Zwan Ross
HEAD OF BD
unverified
Kentwell Kwok
HEAD OF IR
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Richard Oravec
CAPITAL MARKET ADVISOR
unverified
Simon Riveles
LEGAL ADVISOR
unverified

2 ICO

$34 500 000

Robin Sosnow
LEGAL ADVISOR
unverified

Fvndit Last News

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