Blockchain based online marketplace and administration platform connecting borrowers, lenders, and specialized servicing agents, enabling them to configure and construct each borrower contract real-time.. Fintrux ICO rating – not rated.
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Ended ICO : 07/02/18 – 28/02/18
About Fintrux ICO (token sale)
An unsecured loan is a loan that is not protected or secured by any asset. In this case the lender is taking a lot more risk and would likely charge a higher interest rate. The riskier the loan, the more expensive it will be.
We make borrowing and lending a no-brainer for both borrowers and investors.
By applying credit enhancements, FintruX Network seeks to neutralize the lender’s credit risk and, in the case of a default, provide cascading levels of insurances to cover the loss.
A unique smart contract is generated and deployed by FintruX Network ICO for each individual borrowing at real time to provide unambiguous, immutable, and censorship resistant records where no arbitration is required.
In addition to simplifying the loan application process via instant matching, FintruX Network also provides borrowers with post-funding self-serve administration options such as refinance and prepayment.
Our Vision and Mission
FintruX Network is one of the world’s first blockchain based online marketplace and automated administration platform connecting borrowers, lenders, and specialized servicing agents, enabling them to configure and construct each borrower contract real-time.
Our technology supports this innovative marketplace and administration model to efficiently connect and process the global supply and demand of capital.
Our platform also removes the need for physical infrastructure and brings out convenience and total automation, increasing efficiency, reducing manual processes and improving the overall borrowing and lending experience.
What Makes Us Different
We use cascading levels of credit enhancement to improve credit worthiness. Through credit enhancement, the lender is provided with reassurance that the borrower will honor the obligation.