Pngme, a mobile lending marketplace with a valuation cap of $6.5 million, is raising funds on SeedInvest. The platform of Pngme is intended to connect lenders and borrowers through blockchain technology. The Pngme mobile app allows lenders to choose borrowers based on their credit score and risk profile and deploy capital in them to generate good rates of return.
At the same time, the platform also aims to lower the cost of capital for the borrowers. Pngme was founded by Brendan Playford and Cate Rung in 2018. The current round of pre-seed crowdfunding has a minimum target of $500,000, and the proceeds will be used for business development, engineering, operations, and legal, regulatory & compliance expenses. Pngme already has over 15,000 users on pre-launch waitlist and has signed LOIs with some big money lending companies.
Problems:
1. Inadequate financial education
2. Geographic challenges
3. Cost of traditional financial products are too expensive (i.e. mobile money services such as M-PESA)
4. No credit history
Pngme is a decentralized lending platform and application for performing mobile financial payments based on blockchain technology. This service allows financial institutions to transparently view the entire history of payment of loans of the participant and thus make a conclusion about the approval or refusal of cooperation with him.
In the traditional banking sector, the customer has their credit history and does not have access to information about how it is calculated, who can use it and how it can be improved. Pngme also provides such a unique opportunity and awards participants a credit rating, allowing you to transparently track it, influence its increase, the company can be sure in this case in the solvency of the client and at the end of cooperation to add or already reduce the rating.
Blockchain strictly records everything in a distributed registry, where nothing can be changed or forged. Pingme will be developed for two well-known operating systems such as Android and iOS, which will contribute to its global use and distribution. Beta testing of the application has already been successfully conducted and now you can still have time to get early access for which Png tokens are charged.
Features of PNGME Platform
1.Pngme is a Ѕmаrt Соntrасt-Rеlіаblе аnd ѕесurе рlаtfоrm; Wіth thе help оf a ѕmаrt соntrасt ѕуѕtеm соmbіnеd wіth еlеmеntѕ оf traditional loans, PNGME uѕеrѕ wіll hаvе ассеѕѕ tо rеlіаblе аnd ѕесurе loan рrосеdurеѕ.
2.PNGME іѕ ԛuіtе a unique рrоduсt in thе bіtсоіn lеndіng mаrkеt. Thеу ѕееm muсh mоrе fосuѕеd оn еnѕurіng thе ԛuаlіtу оf bоrrоwеrѕ – whісh іѕ perhaps whу thеу аrе suffering frоm a rеlаtіvе lасk оf trаdіng vоlumе.
Pngme Benefits
Mobile Payments: You can have access to low or fee-less mobile payments in your local fiat currency or digital currency as well.
Everyday Accounts: You can easily create a daily spending account for your everyday life mobile payments.
Loan Marketplace: You get to lend and borrow money on the platform at competitive interest rates on the loan marketplace.
Credit Score: There is an algorithmic credit score generated from a user’s mobile digital footprint.
Piggy Bank: You get to have your very own Pngme piggy bank account where you can earn interest on the money saved in it.
Rewards: The platform allows you to earn Pngcoin rewards when you invite your friends and save Pngcoin.
Token-Information
Token name: Pngcoin
Ticker: PNG
Token Type: ETH (ERC-20)
Max Supply: 1,192,258,185 PNG
If you want to get more detailed information about the project, find the link below:
Website: https://pngme.com
Telegram Chat: https://t.me/pngmecommunity
Twitter: https://twitter.com/pngmemobile
Facebook: https://www.facebook.com/pngme/
Medium: https://medium.com/pngme
Instagram: https://www.instagram.com/
Reddit: https://www.reddit.com/r/pngme/
BitcoinTalk ANN: https://bitcointalk.org/index.php?topic=5140127
Author: Wotoby
https://bitcointalk.org/index.php?action=profile;u=2026298
Eth address: 0xF65362D74d7bfF02c1837DA39C378384f7dCB42e