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Fvndit ICO, P2P lending marketplace, review

Fvndit ICO


Fvndit ICO 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 ICO 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.

The Company is a Peer-to-Peer (P2P) lending marketplace for the Vietnamese SME sector. We connect investors directly with small business borrowers in Vietnam, as an easy and transparent alternative to the traditional banking system. At Fvndit ICO, both retail and institutional investors can invest in fractions of loans. Currently, we offer the opportunity to invest in invoice-based small business loans. By connecting to our P2P platform, investors get instant access to investment opportunities in the SME space, one of the main driving forces behind the growing economy of Vietnam.

Fvndit ICO P2P platform’s GUI-driven interface allows borrowers to request a loan and for lenders on the system to directly fund it. Its proprietary technology runs the credit underwriting process using credit risk analysis tools to evaluate each proposed loan’s credit risk and determine a sound credit rating based on a variety of factors, including but not limited to, the intended purpose of loan, repayment of previous loan(s), repayment schedule, type of business activity, duration of business, reference checks, size of loan relative to size of business, and availability of collateral.

The interest rate for the loan is set according to the level of risk established during the credit-scoring process by our Risks Analysis team. When the prospective borrower submits a loan
application, they will automatically analyze all the data, documents and other information submitted by the prospective borrower. The results of the analysis will produce a loan grade that will be used to determine the interest rate and fee to be paid by the borrower.

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Source : ICOnow

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Founder and Editor-in-Chief of ‘Coinotizia’. Technology Evangelist, Security Analyst, Cryptocurrency Investor, Certified Cyber Security Expert and Web Applications Developer.