The Global P2P Lending Ecosystem Powered By Ethereum And No-Code Development.

MAKING UNSECURED LOANS HIGHLY SECURE| The Global P2P Lending Ecosystem Powered By Ethereum And No-Code Development. MAX$25,000,000 USD @ $955/ETH CROWDSALE ENDS IN: DAYS HOURS MINUTES SECONDS Min per Transaction: 0.1 ETHWHITEPAPER TOKEN SALETALK TO US ON TELEGRAM ABOUT US Welcome to the FintruX Network FintruX Network is a blockchain based online ecosystem connecting borrowers, lenders, and rated service agencies. FintruX facilitates marketplace lending in a true peer-to-peer network to ease the cash-flow issues of small businesses and startups. THE CHALLENGE The Issues Plaguing Traditional Financing 01. Significant Collateral Required Banks like to loan cash on cash. This means that they will lend you the same amount of money you have in your savings account, using your money as collateral. This makes it difficult for businesses with low liquidity to get much needed capital to grow their business. 02. Stringent Requirements Traditional local banks and credit unions do offer unsecured loans. However, it is extremely difficult to get an unsecured business loan through traditional lenders; especially if your business is relatively young. It can take months to apply and few businesses rarely get approved. 03. Impossible Rates and Terms Less advisable financing options are often available, but these come with outrageous interest rates and unrealistic repayment schedules. Small businesses and startups should not have to choose between bankruptcy and borrowing under unclear, unfair and uncertain terms. THE SOLUTION The FintruX Network FintruX Network makes it easy for small businesses to quickly secure affordable loans with no collateral, in any currency. The three main competitive advantages of FintruX are: CREDIT ENHANCEMENTS NO-CODE DEVELOPMENT OPEN ECOSYSTEM LEVEL 4: FintruX Reserve Last resort protection 5% of all FTX Tokens have been reserved to cover any unexpected losses in the unlikely event that all previous credit enhancers fail. This is the ultimate protection. Credit Enhancements By applying credit enhancements, FintruX Network will virtually neutralize the lender’s credit risk and, in the case of a default, provide cascading levels of insurance to cover any possible loss. With risk reduced, lenders have peace of mind and the interest rates for borrowers is lowered. LEVEL 1: Over-Collateralization Covers 1 out of 10 bad loans FintruX Network holds back 10% of each loan as over-collateralization for additional default protection. This serves as the primary level of security for lenders. LEVEL 2: Third-Party Guarantors Takes care of overflow losses Individuals are invited to participate on the platform as a guarantor to the loans of their choice. Guarantors choose their risk & compensation packages, and in the case of defaults, cover the losses. LEVEL 3: Cross-Collateralization Covers multiple bad loans 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. When invested properly to match the obligations, this pool can offer a sufficient coverage ratio against the average loan loss. LEVEL 4: FintruX Reserve Last resort protection 5% of all FTX Tokens have been reserved to cover any unexpected losses in the unlikely event that all previous credit enhancers fail. This is the ultimate protection. Credit Enhancements By applying credit enhancements, FintruX Network will virtually neutralize the lender’s credit risk and, in the case of a default, provide cascading levels of insurance to cover any possible loss. With risk reduced, lenders have peace of mind and the interest rates for borrowers is lowered. By generating a new contract for each individual use case, each program is in its simplest form, eliminating the need for complex if-then-else statements. The Smart Contract becomes a binding agreement between the participants - unambiguous, immutable and no arbitration is required. Each borrower contract will be open-source, enabling participants in every loan to fully understand the terms of their loan agreement. No-Code Development A unique smart contract is automatically generated and deployed by FintruX Network for each approved loan in real-time to provide unambiguous, immutable, and censorship resistant records where no arbitration is required. This is possible with our no-code development technology. FintruX Network is one of the world’s first decentralized applications powered by Ethereum and no-code development. The FintruX Network architecture is a highly scalable and robust combination of the latest technological advances in blockchain, user-experience, client, and server-side methodologies. Traditional automation attempts to use one system to account for any possible transaction. The resulting program has millions of “if-then-else” statements and is very complicated. We are shifting the programming paradigm with FintruX Network. We generate one unique program (“Smart Contract”) for each borrower contract to be deployed in real-time on the blockchain via a configurable interface. By generating a new contract for each individual use case, each program is in its simplest form, eliminating the need for complex if-then-else statements. The Smart Contract becomes a binding agreement between the participants - unambiguous, immutable and no arbitration is required. Each borrower contract will be open-source, enabling participants in every loan to fully understand the terms of their loan agreement. No-Code Development A unique smart contract is automatically generated and deployed by FintruX Network for each approved loan in real-time to provide unambiguous, immutable, and censorship resistant records where no arbitration is required. This is possible with our no-code development technology. On the other side, we see borrowers, lacking a reliable source of comparability between different lenders as well as the possibility to give unfiltered feedback to share their opinion and thoughts. The same for lenders who can now rate and write reviews on their borrowers and agencies; subsequently these can be used as part of the credit scoring mechanism for assessment of credit risk. Open Ecosystem In addition to simplifying the loan application process via instant matching, FintruX Network also provides borrowers with post-funding self-serve administration options and access to third party rated agencies. Partners such as fraud and identity service agents, credit scoring and decision agents, wallets, exchanges, banks, asset managers, insurance companies and technology companies will all have a role in our ecosystem. Our network will enable our partners to offer a new generation of financial products and to develop innovative new tools for use on our platform. We provide and maintain a decentralized review platform for borrowers, lenders and all service agencies based on Ethereum smart contracts. In contrast, reviews written on a third-party website are subject to change by the site owner – there is no integrity in the current non-blockchain based systems. The need of gaining qualified feedback/market research data to enhance the quality of risk assessment, service and transparency cannot be over-emphasized. On the other side, we see borrowers, lacking a reliable source of comparability between different lenders as well as the possibility to give unfiltered feedback to share their opinion and thoughts. The same for lenders who can now rate and write reviews on their borrowers and agencies; subsequently these can be used as part of the credit scoring mechanism for assessment of credit risk. Open Ecosystem In addition to simplifying the loan application process via instant matching, FintruX Network also provides borrowers with post-funding self-serve administration options and access to third party rated agencies. Join the Conversation Email Subscribe for Updates TOKENIZATION The Token Economy The FTX Token is used to power the FintruX Network and works as a means to reward or get rewarded for participation in the marketplace. Supply Agencies, guarantors, and FintruX Network are all being paid in FTX Token. Demand Borrowers and lenders pay a transactional fee in FTX to use the platform. Accessible There is no upfront cost necessary for any of the participants on our platform. ROADMAP Our Steps For Success FintruX Network leads the way towards credit democratization, offering an innovative alternative to credit access. Phase One CREDIT ENHANCED FINANCING Using the credit enhancement principles of securitization, FintruX delivers highly secure unsecured loans to benefit the small businesses borrowers, accredited investors, and financial institutions of the world. Phase Two ONE WORLD By partnering with wallets, exchanges, and regulatory bodies, FintruX enables small business borrowers from countries with high interest rates to benefit from loans offered by lenders located in lower rate countries. Phase Three ADDITIONAL LOAN TYPES FintruX invites innovative asset classes created by other network partners to the ecosystem to become the go-to financing hub of the world. FintruX will provide a marketplace for lenders to trade their loans to one another. MEET THE TEAM The Team Behind It All. The founder Nelson Lin has been an innovator all his life since he started his career in the financial-technology sector as a systems analyst at J.P. Morgan in 1986. - Invented Asynchronous Call in Programming - Delivered First Online Credit Adjudication in Canada, if not the World - Delivered lending origination systems in client/server and browser based technologies - Invented low-code Development platform Rintagi - Generated A securitization system on the low-code platform - Patented Self-Generating Rejuvenating Technology - Generated full ERP systems on low-code platform - Kept >10 years old systems on modern UI/UX via continuous rejuvenation - Open-Sourced Rintagi as A global collaborative project - Turned low-code into No-code Generation - Innovated Credit-Enhanced Unsecured Loan Product – FintruX The FintruX team has extensive experience serving the financing industry in Asia and North America and the securitization software built by the development team is currently managing billions of dollars of assets. The team leverages their experience to make unsecured loans highly secure and make affordable, safe cross-border borrowing a reality. ALLDIRECTORSTEAMLEGALADVISORS FOUNDER & CEO Nelson Lin Nelson pioneered online credit adjudication for the asset-based finance and leasing industry in Canada as mentioned in the book 'Unstoppable' published 2014 by Beth Parker and endorsed by the Canadian Finance and Leasing Association (CFLA). He has over thirty years of experience delivering numerous custom enterprise applications to global organizations such as J.P. Morgan, AT&T Capital, etc. CO-FOUNDER & CMO Conrad Lin Completing a degree specializing in Neuroscience and Psychology from the University of Toronto, Conrad is deeply in tune with social marketing and outreach. He defines long-term marketing goals and short-term tactics, builds key customer relationships, identifies business opportunities, negotiates and closes business deals, and maintains extensive knowledge of current market conditions. PRESIDENT Ng Eng Ho Eng Ho is the Chairman of Zweec Analytics and is also a director of China Taisan Technology and TNG (Asia) Limited. He has served in top management positions in large corporations including Singapore Technologies Telmedia, PT Indosat Tbk, and Keppel Telecommunications and Transportation Ltd. He was director of Alvarion Ltd and Mencast Holdings. His extensive network creates long term shareholder value. CHAIRMAN OF THE BOARD Yew Poh Leong YP grew Dun & Bradstreet Software from 15 to over 250 employees as a managing director in Asia. He has provided business solutions and services to well-known corporations including Telekom Malaysia, Hong Kong Telecom, PLDT, Communications Authority of Thailand, Shell, Prudential, AIG, Starwood, Minolta, National Panasonic, Sony, Aiwa, Standard Chartered Bank, Malayan Banking, Bank of China, etc. CTO Gary Ng Gary is a veteran in software development and has been a seasoned architect in the financial sector for the past 25 years, including some of the top global banks. He is skilled in all major programming languages and computing platforms. He has been instrumental in turning our low-code development platform into a no-code generator for smart contracts. Scalability and security is his main focus. FRONT END DEVELOPER Aaron Xu User experience has been Aaron’s forte for the last 8 years. He has formal education and practical training in web development and digital design. He designs visually stunning user interfaces that integrates well with all other software. Aaron is adept at generating responsive mission-critical applications with low-code technology and designing easy to use apps. BLOCKCHAIN DEVELOPER Douglas Thiessen Douglas is a full stack developer on a wide variety of computing languages for 12 years, including a full suite of blockchain technology and Smart Contracts with Solidity. Passionate on security and quality, he tests his code extensively by applying Scrum methodology. Douglas’ technical expertise enables him to evaluate and tackle complex programming challenges. DATA ANALYST Philemon Selvaraj Philemon’s passion and expertise is in data analysis, machine learning, AI, and business intelligence. He brings with him 13 years of analyst programming experience in the accounting and financial sectors, including mission-critical systems for large fortune 500 companies. He has both MBA and engineering degrees and international experience. SINGAPOREAN LEGAL COUNSEL Brinden Anandakumar Brinden graduated from the University of Nottingham with LLB (Hons) and was admitted as an Advocate and Solicitor of the Supreme Court of Singapore in 2015. He is currently engaged in civil and commercial litigation. He also has experience in corporate and advisory matters. CANADIAN LEGAL COUNSEL Alixe Cormick Alixe Cormick is the founder of Venture Law Corporation in Vancouver, British Columbia and a member of Commercialization Advisory Board of the Life Science Institute at the University of British Columbia, the Advisory Board of the National Crowdfunding Association and two private tech companies. INTELLIGENCE ADVISOR Dr. Jonathan Calof Dr. Calof has received Frost and Sullivan’s award in competitive intelligence, and others. He has given over 1000 speeches, seminars and keynote around the world. With over 150 publications, his extensive and successful track record has allowed him to combine research and consulting in competitive intelligence, technical foresight and business analytics to help FintruX develop key insights on its competitive environment. BUSINESS ADVISOR Yash Mody Yash co-founded and built Orchid Leasing to finance transportation and equipment leases. He implemented real-time decision and predictive analytics software at Fortune 500 companies which helped him design a proprietary end-to-end lease portfolio management and collections tracking system. With his technical knowledge and financial entrepreneurship, he is a great resource to FintruX Network. STRATEGIC ADVISOR Hussein Hallak Hussein is a serial entrepreneur, speaker, startup advisor and investor. Building over 20 startups, he has mentored and trained 1000+ entrepreneurs. Featured in Forbes, BBC, Entrepreneur, DailyHive (VancityBuzz), Business In Vancouver, Roundhouse Radio, and Vancouver Courier. He brings extensive knowledge of startups, innovation, strategy, growth, marketing, and social media to FintruX Network. LEGAL ADVISOR Binh Vu Binh is a lawyer practicing in the area of corporate finance and securities law. Binh practiced law for 10 years in Toronto at WeirFoulds LLP and as partner at Aird & Berlis LLP before becoming corporate counsel and advisor for start-ups. He holds LL.B and BSc. (Neuroscience) degrees. Binh is an active member of the Law of Society of Upper Canada and provides legal guidance to FintruX Network. FINANCIAL ADVISOR Victor Yuen Victor is CFO of ZWEEC Analytic. Armed with over 10 years in the finance and accounting profession, he was managing partner specializing in audit, tax, insolvency, corporate secretarial, accounting and business advisory. Victor is a Fellow of the Association of Chartered Certified Accountants (FCCA) and an Accredited Tax Practitioner. His extensive financial experience is a great asset to FintruX Network. COMPLIANCE ADVISOR Dan Poh Dan has 6 years of experience in Financial Sector including being part of Tier 1 Investment Bank & Private Wealth Management such as JP Morgan, Deutsche Bank & Bank of America. His last few roles with the financial firms covers mainly Regulatory, Risk, Compliance as well as FICC Support. Dan is currently a director at Cynopsis Solutions. He brings sales strategy, client servicing and compliance to FintruX Network. ADVISOR Elie Galam A mathematician and alternative investments expert, Elie was a Portfolio Manager for Two Sigma investments, a 40 Billion dollars quantitative hedge fund. Elie received a Masters in Applied Mathematics from Harvard University and a Masters in Engineering from Ecole Centrale Paris. He is passionate about bringing blockchain, digital assets, and cryptocurrencies to the financial ecosystem of FintruX Network. BLOCKCHAIN ADVISOR Abhijith Naraparaju Abhijith is a blockchain solution architect, with official degrees in Electronics and Communication Engineering. Having worked at Syntel (Nasdaq:SYNT), he currently holds a position as Region Head at Blockchain Education Network. Abhijith is confident and dedicated to drive FintruX Network's success, starting with its smart contract technology. BANKING ADVISOR Jure Soklic CO-Founder and CEO / Hive project. Jure is an executive and consultant with extensive experience in the international financial industry. He is an expert in eCommerce, digital marketing, omnichannel, retail, business development and start-ups, and has strong track record in the field of finance, consumer durables and marketplaces. As a true believer in a decentralized economy, he works with FintruX to serve the underserved. Join the conversation today! MEET OUR PARTNERS Development Partners Ecosystem Partners NEWS BLOG Read the latest news and blogs. Introduction to FintruX Interview with the Founders FintruX Review FEBRUARY 14, 2018 We are very proud to announce that FintruX is integrating the Bancor Protocol ... FEBRUARY 11, 2018 London is fast-paced, dynamic and undoubtedly one of the most cosmopolitan cities in the world ... FEBRUARY 8, 2018 Our Token Sale Event is off to an incredible start! FEBRUARY 5, 2018 The FintruX Token has various properties that will enable borrowers, lenders and our service partners ... Read more News Address 141 Cecil Street #10-01 Singapore 069541 Social Networks Media Kit Contact Us