L-Pesa creates blockchain-based, smart contract loans enabling people across the internet to grow their businesses and become thriving entrepreneurs.
KRIPTON PRE-SALE HAS LAUNCHED
Public sale - April 10, 15:00 GMT
L-Pesa creates blockchain-based, smart contract loans enabling people across the internet to grow their businesses and become thriving entrepreneurs. Hopeful visionaries can take loans in Ether or Bitcoin and then participate in L-Pesa’s curated marketplace facilitating peer-to-peer lending: the first crypto loan service in Africa.
L-PESA TOKEN
The L-Pesa Token is built on the Ethereum blockchain which allows holders to use L-Pesa financial tools at reduced cost.
PLATFORM
L-Pesa is a financial technology platform providing new financial tools to consumers and small businesses in Africa and Asia.
MICROLOANS
Microloans, the first tool on the L-Pesa platform, allow users to start or grow a business, pay for education, or otherwise support their ambitions in life.
Token Sale Timeline
Allocation
Total tokens for sale : 58%
Management and Team : 15%
Advisors : 10%
Bounties and Referrals : 1%
Business Development : 16%
Hard Cap : $52M
Token Supply : 2,600,000,000
ERC20 Token
Accepting : ethereum
Token Price : 1 ETH = 17,500 LPK
L-Pesa
For over two years, the L-Pesa community has leveraged their human capital—skill, talent, and expertise—to bring microloans to everyone who wants to grow their business and trade their poverty for dreams come true.
Partners
Development roadmap
2014-2015 – Pre-launch
After years of planning, Ron Ezra Tuval founded L-Pesa in January 2014. At the outset, the strategy of the business was informed by Ron’s decades-long work in technologies related agriculture in developing countries. Since forming the business, Mr. Tuval has invested approximately $500,000 into the operation of the business. Ron currently owns 100% of L-Pesa. During 2014 and 2015, L-Pesa was focused on building and testing its systems, conducting market research, and initial user acquisition. In 2016, the business was launched in Tanzania and the first loans were made.
2016-2017 – Operations in Tanzania and Kenya
Since the 2016 initial launch, L-Pesa has experienced very strong growth on a very limited budget. All earnings have been re-invested in the business and expenses have been held to a minimum. Marketing has been run on a very tight budget, and user acquisition campaigns have been executed as 832754982.1 23 small tests in order to prepare for scaling. In spite of the very limited marketing, over 170,000 users have registered accounts on L-Pesa—many of them driven by word of mouth. At this point, the number of registered users vastly exceeds the number of loans made. This is due to two factors:
- Some users register but do not meet the underwriting requirements.
- Some users meet underwriting requirements but are not approved for loans due to a lack of L-Pesa funds available for lending. The success of L-Pesa has exceeded the expectations and projections made when the business was launched. One of the primary reasons L-Pesa is seeking additional funding is the need to scale the business so that third party capital providers can step in and provide funding for loans. As of this writing, the demand for loans far exceeds the capital available for lending. In the third quarter of 2017, L-Pesa launched in Kenya. Demand has been very strong, and a large number of users have registered. Soft launches are underway in India and Uganda.
2018
In 2018 and beyond, L-Pesa intends to focus on growing in Africa, the Indian subcontinent, Central America, and Southeast Asia. These 4 regions contain billions of people that meet the targeting criteria for L-Pesa users. The primary focus in the first half of 2018 will be to effectively deploy the capital raised by L-Pesa in the early part of the year.
2019 and beyond
L-Pesa plans to launch in new countries following a detailed review of the legal and compliance environment, as well as the availability of partners for payment processing. By the end of 2020, L-Pesa’s financial projections indicate that the company will be operating in ten countries or regions. One of the ten is India, which is much larger than other countries. Another region is a pan-African solution, which will allow L-Pesa to target users in many African countries without the need for local operations and compliance reviews in each individual country
L-PESA team
Official Website :
https://kriptonofafrica.com/
White Paper :
https://ico.lpesa.io/static/pdfs/L-Pesa%20ICO%20white%20paper%202018.pdf
Join Us on Telegram :
https://t.me/LpesaICO
Social Media Links :
Facebook : https://www.facebook.com/lpesaico
Twitter : https://twitter.com/lpesaico
Bitcointalk Thread :
https://bitcointalk.org/index.php?topic=3119229.0