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FintruX

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FintruX aims to make unsecured loans highly secure. Harnessing over two decades of experience serving the securitization sector, we apply cascading levels of credit enhancements to offer unprecedented risk reduction towards unsecured loans. Interest cost reduction is one of the most important motivations in securitization. It is often done via credit enhancement. We can apply the same principles to reduce the high interest rates normally associated with unsecured loans, making it attractive to both borrowers and lenders. Our goal at FintruX Network is to disrupt the way unsecured loans are being originated and administered. This innovative concept solves three major issues for small businesses, especially startups, to borrow from accredited investors and financial institutions. By applying credit enhancements, FintruX Network seeks to neutralize the lender's credit risk and, in the case of a default, provide cascading levels of insurances to cover the loss – thereby increasing the overall credit rating and lowering interest rates simultaneously. The four cascading levels of credit enhancement include over-collateralization as additional collateral, a local third-party guarantor, cross-collateralization as insurance, and FintruX ultimate protection reserve. A unique smart contract is generated and deployed by FintruX Network for each individual borrowing at real time to provide unambiguous, immutable, and censorship resistant records where no arbitration is required. In addition to simplifying the loan application process via instant matching, FintruX Network also provides borrowers with post-funding self-serve administration options such as refinance and prepayment. FintruX Network is a multi-sided marketplace and ecosystem that delivers value not just to borrowers and lenders, but also to third-party guarantors and specialized service agents. We are making borrowing and lending a no-brainer for both borrowers and investors.
General
Website: Visit
White paper: Read
Bounty: Bounty
ICO Time: 7 Feb, 2018 - 28 Feb, 2018
Country: Singapore
Token Info
Ticker: FTX
Platform: Ethereum
Token type: ERC20
Financial
Pre-sale Price: 1 ETH = 1,650 FTX
ICO Price: 1 FTX = 0.58 USD
Accepting: ETH
Soft cap: 5,000 ETH
Hard cap: 25,000,000 USD
Social Media
  • 1

    Q2 2017

    Ethereum R&D Dapp R&D

  • 2

    Q3 2017

    Concept Validation Whitepaper Ready Tokenization

  • 3

    Q4 2017

    Focused Practise Wireframe Ready Partnerships

  • 4

    Q1 2018

    Prototype Ready Open Source Funding Team Expansion

  • 5

    Q2 2018

    Alpha Test Real Customers

  • 6

    Q3 2018

    Beta Test Network Development Service Organization Marketing General Availability

  • 7

    Q4 2018

    Go to Market Scale the Platform Extension

Nelson Lin

Founder & CEO

Philemon Selvaraj

Data Analyst

Douglas Thiessen

Blockchain Developer

Aaron Xu

Front End Developer

Gary Ng

CTO

Conrad Lin

Co-Founder & CMO

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