FintruX - The Global Peer-to-peer Lending Ecosystem

FintruX is a Global Peer-to-peer Lending Ecosystem trying to solving some of the major issues for small businesses especially startups, to ease their cashflow issues. When you need the most cash in the bank, usually they don't lend you the money, because they prefer to lend you the same amount of money you have in your savings account and that its good only for the bank.

Small business that aren't running for years don't find the advisable financing options often available, normally the only option come with outrageous interest rates and unrealistic repayment schedules. FintruX will help especially this companies to get the secure finance they need , neutralizing lenders credit risk and simplifying the loan application process via instant matching.

Giving people choice to select better lenders and borrowers have lower interest rates and counting with the securitization industry to creating a environment to make the investors or funders to feel more comfortable and also to offer some discount when the act as kinds of guarantors.

FintruX has 4 levels of protection:

LEVEL 1: Over-Collateralization
Holding 10% of each loan as over-collateralization to covers 1 out of 10 bad loans and additional default protection

LEVEL 2: Third-Party Guarantors
Individuals invited as guarantor to the loans of their choice taking risk and compensation packages, but and in the case of defaults, cover the losses.

LEVEL 3: Cross-Collateralization
The 10% held back from every loan is pooled together in a cross-collateralization pool which functions as an insurance to cover all loans within the same class, this pool can offer a sufficient coverage ratio against the average loan loss

LEVEL 4: FintruX Reserve
The ultimate protection is 5% of all FTX Tokens have been reserved to cover any unexpected losses in the unlikely event that all previous credit enhancers fail.

Also has transparency by using the blockchain technology, offering decentralization who gives people power to have the control of your lives again, once the information don't belong to any corporation. Making possible to bring reliable, affordable and global lending solutions to as many people as possible.

The fully automated platform works different from the traditional systems that are usually a gigantic system with every single use case, instead FintruX have millions of little systems specifics for every single loan. The system generate one unique program (“Smart Contract”) for each borrower contract to be deployed in real-time on the blockchain via a configurable interface. Eliminating the need for complex if-then-else statements and enabling participants in every loan to fully understand the terms of their loan agreement.

The platform also provides borrowers with post-funding self-serve administration options and access to third party rated agencies. FintruX plan to be a complete ecosystem providing all tools to help lenders and borrowers

To further enhance our offering, we will make our platform available to partners such as fraud and identity service agents, credit scoring and decision agents, wallets, exchanges, banks, asset managers, insurance companies and technology companies; to offer new investment and borrower products, and develop new tools for use on our platform. These ecosystem partners can transact directly with our marketplace or leverage our automated administration tools to build financing portfolios to suit their or their clients investing needs.

The project will start in Singapore because it's close to three big financial hubs (China, India and Indonesia) and Canada with huge experiencing offering good services in securitizationto clients . The FintruX Network already has partner with Bloom and Datawallet. The idea behind FintruX Network it's makes easy for small businesses to quickly secure affordable loans with no collateral, in any currency, making unsecured loans highly secure.