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Global problem:
100 out of 196 countries in the world serve as a home for 2,000,000,000 unbanked people, who use cash only, do not have any credit history and do not have access to any financial services. It is essential to note that most of these people use their smartphones and social networks on a regular basis . This is a tremendous amount of a new data and a substantial number of new potential clients. Financial institutions do not have any information about these clients and their creditworthiness, thus they do not want to take a risk to serve these people. However, these people still need funds and surely businesses still need new customers to survive a competition!
We are here to help these 2 billion unbanked people to explore The New Global Crypto Economy!
Micromoney is a team of professionals who have a capacity to work in the emerging markets where all established banks are not able to operate, and even if they do decide to be there, they are not innovative enough to survive in this environment.
Our Solution
MicroMoney is an Open Source Credit & Big Data Bureau that connects new customers to all existing financial services. MicroMoney A.I. platform uses complex algorithms to predict creditworthiness of all customers and in just 15 minutes a borrower can get their very first loan in his/her life just from their smartphone. All customers have an ability to pay less interest and have a higher credit rating, if they use our platform more often . All aggregated Big Data and Credit Histories are stored on the Blockchain. Thousands of existing businesses will get access to millions of new customers which we will bring to the global economy.
MicroMoney is an Open Source Credit & Big Data Bureau that connects new customers to all existing financial services. MicroMoney A.I. platform uses complex algorithms to predict creditworthiness of all customers and in just 15 minutes a borrower can get their very first loan in his/her life just from their smartphone.
2015 Cambodia
2016 Myanmar
Now Indonesia, Sri Lanka, Thailand
$1,000,000 Vietnam, Malaysia, Singapore, Nigeria
$5,000,000 China, Hong Kong, Taiwan, South Korea
$10,000,000 India, Africa
$15,000,000 Latin America
$30,000,000 Middle East, Europe, the USA
Verified 0%
Attention. There is a risk that unverified members are not actually members of the team
The business model isn't checked in the markets of the developed countries. The strategy of expansion is worked out poorly regarding the choice of the target markets. The company doesn't describe the strategy of an entry into the new markets.
The company points that it has more than 95 000 registered users, at the same time according to SimilarWeb inflow of new users is insignificant, t. to during all the time the application is downloaded less than 40 thousand times, and the number of visitors of the website is less than 12 thousand monthly. Micromoney places big emphasis on uniqueness of own system of scoring, at the same time the current indicator of a default for primary loans is 44% (at the company of an analog Kreditech this indicator is at the level of 20%) On the 17th WP Micromoney page predicts decrease in losses on loans up to 4% - to values much lower than at the companies analogs (in comparison with data of the Creditech company having the advanced system of scoring on the basis of AI and Big Data and considering more than 20 thousand factors).
The acceleration of growth of number of users considered in financial forecasts (by 6 times in 2018) has low probability During the period since 2015 the company has attracted $1,82 million venture financing, the final round of financing (May, 2017) has made $400 thousand. Thus, from the point of view of fundraising in the venture market it is impossible to call the project successful. In financial forecasts it is specified that in Myanmar, Sri Lanka and Philippines the company during 2018 will issue not less than 30 thousand loans in each of the countries that strongly exceeds dynamics of development of the project since 2015.
The acceleration of growth of number of users considered in financial forecasts (by 6 times in 2018) has low probability During the period since 2015 the company has attracted $1,82 million venture financing, the final round of financing (May, 2017) has made $400 thousand. Thus, from the point of view of fundraising in the venture market it is impossible to call the project successful. In financial forecasts it is specified that in Myanmar, Sri Lanka and Philippines the company during 2018 will issue not less than 30 thousand loans in each of the countries that strongly exceeds dynamics of development of the project since 2015.
