What is FintruX?

FintruX Network is to disrupt the way unsecured loans are being originated and administered. This paper gives an overview of our approach.

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 are going to change that.

There are options to obtain an unsecured loan for your business. Local banks, private lenders, and marketplace lenders such as peerto-peer and direct platform lenders. However, there are rooms for improvement in the areas of transparency, risk & rate reduction, and ease & speed of funding. FintruX Network can deliver an experience to address all of these at the same time.

At FintruX Network we facilitate marketplace lending in a true peer-to-peer network. Through credit enhancement, we improve credit worthiness. The lender is reassured that the borrower will honor the obligation via additional collateral, insurance, and a third-party guarantor. Credit enhancement reduces credit/default risk of a debt, thereby increasing the overall credit rating and lowering interest rates simultaneously.

STRATEGY

  • Our mission is to make trustless financing a no-brainer for both borrower and investor.
  • Our vision is to facilitate an ecosystem where financing liquidity is maximized and all participants win.

We generate revenue from charging participants transaction fees in FTX Token. Lenders can charge their desired fees to their borrowers. Lenders can also reward borrowers with FTX Tokens if paid on time.

We do not assume credit risk or use our own capital to invest in financing facilitated by our platform. The capital to invest comes directly from a wide range of lenders, including retail investors, high-net-worth individuals and family offices, banks and finance companies, insurance companies, hedge funds, foundations, pension plans, university endowments, and through a variety of channels.

Fitrux will also leverage technology and existing relationships in the trading world, FintruX Network’s roadmap towards credit democratization, offers an innovative alternative to access credit.

FintruX Market Network and automated administration platform is a global blocking portal in blockchain. This is overcome to start-up companies and small businesses to borrow from local accredited investors and institutional financiers. They can also borrow in crypto currency, which is all done globally. To maximize the benefits of credit repair, a third party insurer for cover arising from delinquency or default over collateralization can not.

Blockchain

Our market place leverages blockchain technology which offers all participants consistent, shared and secure processes. The nature of the decentralized blockchain allows a completely trustless interaction between parties which removes third party costs and commissions.

Our platform leverages the Ethereum blockchain and its smart contracts which provide a comprehensive development environment and a large community.

Big Data

FintruX Network will generate large amounts of data which will be of huge value to our customers. The data will provide a market insight which does not exist today. External companies are able to utilize this data as part of their solutions, even if they are not directly using the FintruX marketplace.

Parts of our software will be open source, available to other financing solution vendors to use. By doing this we aim to create a strong ecosystem with an active community of adopters.

FintruX Network will gather all data from the platform and all available API, service agents, etc. We are leveraging key partnerships with Robocoder, Enterprise Ethereum Alliance, Microsoft and various universities to conduct research for the purpose of improving credit decision making, fraud, identity management, and risk reduction.

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Author: mahi tarabeks

Etherium: 0xC9105AdCA533Fa856Ef7F974fd783C32f0E89213

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