MICROMONEY - a Decentralized Open Source Credit & Big Data Bureau on the Blockchain

There are still more than 2 billion unbanked people in the world. These people are excluded from the local and global economy as they still use cash and don't have access to basic financial services. Taking out a loan is a great challenge for them as well unless they obtain a credit history.

MicroMoney’s mission is to solve this problem.

MicroMoney was established as a microfinance institution and has sharpened the business to become a decentralized Open Source Credit & Big Data Bureau on the Blockchain. Since 2015, we provide individuals and SMEs with short-term loans as the best solution for their financial needs. MicroMoney uses innovative risk scoring powered by artificial neural network.

In the long-run, we are able to help 2 billion unbanked and underbanked people to build a multi-purpose digital identity, creditworthiness, and financial reputation. Without borders or intermediaries. Our goal is to bring these people to the new global decentralized crypto economy.

Currently, MicroMoney is establishing new branches in Indonesia, Sri Lanka, and the Philippines. The next target countries are Vietnam, Malaysia, Singapore, Hong Kong, Nigeria, and China as a promising market. These branches will start operating in Q3 2017 - Q1 2018. For the purpose of further business expansion and developing new products, MicroMoney has decided to start a Token Distribution.

What is Micromoney ?

Launched in 2015, MicroMoney is a financial platform that focuses on providing access to financial services to unlicensed companies.

MicroMoney is building global inclusion through its platform, where anyone, anywhere in the world can have access to the best financial services.

In addition to serving the disadvantaged, MicroMoney also has a variety of services for individual partners, SMEs, Businesses, Banks and MFIs. All of these will be explained in detail below.

Our Solution

Giving micro money to people

MicroMoney is a team of professionals experienced in working in emerging markets. There are 196 countries in the world, and 100 of those countries represent our target market. Who are our potential clients? They are more than 2 billion of unbanked people, they run cash-only households, have no credit history, have no debts, and widely use smartphones and Facebook. They are the so-called “blue collars” and “white collars”, and SMEs. Their monthly income is around $200-500.

This implies a huge amount of new customers and we are here to bring them to the new global crypto economy.

In an emerging market, a smartphone can tell us everything we need about its owner, so that we can estimate his/her creditworthiness. No joke, your smartphone knows you much better than even your best friend.

So we made an app, which gathers 10,000 parameters. We analyze this Big Data using our AI Neural Network Scoring and this is enough to obtain a loan approval decision in just 15 seconds. Now, to borrow money using our app is as easy as to order an Uber. Of course, we are always improving the system too.

We realized that 90% of our customers take the first loan in their life. At the same time, we were overwhelmed by the idea: by providing money to people, we are not just helping to address daily needs. We are helping to create a digital financial identity, to build creditworthiness and reputation and to start their credit history.

Mission

Solving hunger and poverty by providing unbanked people with the access to financial services and a possibility to build their first credit history on a Blockchain.
Helping unbanked small entrepreneurs grow their businesses by offering them online loans. Enabling banks, financial companies, einstitutions, and retail businesses worldwide to efficiently scale and serve customers, who previously had no access to their services.
Creating an extensive micro-financing ecosystem by providing our franchise to local partners.
Raising financial awareness among our clients by offering consulting services and educational materials.
Enabling Blockchain companies to efficiently scale their customer base by getting access to our open source Credit Bureau with millions of un(der)served people.
Bringing financially excluded people to the new global crypto economy.

MicroMoney is One of Few Blockchain Companies That is Backed by a Real Product

Future Growth

Expansion worldwide – more than 100+ countries in the world with a huge demand for our services

Powered by Ethereum

Your credit history on blockchain - Transparent, Auditable, Administered by cryptographically verifiable code

Financial inclusion

Add 2 bln people in world global crypto economy

Open Source

Micromoney believes in maintaining a free and open source software model

Digital Identity

Create a virtual identity that evolves with you and your funds

Smart contract

Fast, no mediators, reliable

Neural Network Predictive Scoring Gives MicroMoney a Variety of Advantages :

Financial risks while working with new clients are drastically reduced. Scoring costs are one order less than those for traditional banks and MFIs.

We are able to confidently work with any type of clients (including 2 billion of the unbanked, who have no credit record but are smartphone owners).

While expanding to a totally new market, our risks are much lower compared to our potential competitors from the very first day of operations.

Aggregated Big Data is useful for any other business: banks, financial companies, insurance, e-commerce, and retail.

Risks of Loans Non-Payment

Our scoring algorithm is a self-learning system: the more loans we give out, the better its prediction works. Therefore, it significantly reduces the risk of loan nonrepayment. With each new country launched, we gain access to huge data sets processed by our algorithm, improving it even more.

The Values That We Provide

MicroMoney for Crypto Community: Developing a Crypto Ecosystem

According to our long-term strategy, we see MicroMoney as part of a crypto ecosystem. Our goal is to enable Blockchain companies to efficiently scale their customer base by getting access to our open source credit bureau. Providing our partners with data on millions of un(der)served people, we are going to bring those customers to the new global crypto economy.

We are already working towards this goal. In August 2017, we signed a Memorandum of Understanding with Everex e-wallet (raisng more 60,000 ETH during their token distribution). Using Everex’s e-wallet, we will start disbursing “crypto-cash”, thus our customers will get their first loans in cryptocurrency (stable tokenized local currencies).

Why MicroMoney Worth Investing

The MicroMoney platform has started running since 2015. First launched in Cambodia, the last 2 years have seen further expansion of platforms to Myanmar and Thailand.

MicroMoney also recorded steady business growth in the last 2 years. With over 95,000 unique registered users, 500,000+ Facebook Page likes and over $ 4.9 million in loans issued. By switching to a full blockchain platform, platform growth is more projected for MicroMoney, thanks to its unique service offerings.

ICO

MicroMoney invests Initial Coin Offering (ICO) in which the original sign of MicroMoney "AMM" will be offered for sale to the original investor. Funds accumulated during MicroMoney ICO will be used to fund further platform development.

Update: ICO is LIVE! More than $ 7 million + has been raised!

MicroMoney ICO commences on October 18, 2017 and will expire on November 18, 2017 or until the maximum limit of $ 30 million is reached.

A total of 60,000,000 AMM tokens will be made whereby 84% will be offered for sale to investors at the following prices:

1 AMM = $ 1

There is a ladder case like bonus structure during ICO. The AMM Token will be sold on the following bonus schedule :