FINTRUX - The Light At The End Of The Tunnel

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 three main competitive advantages of FintruX are:

CREDIT ENHANCEMENTS
NO-CODE DEVELOPMENT
OPEN ECOSYSTEM

STRATEGY

To further enhance our offering, we will make our platform available to partners such as fraud and identity service agents, credit scoring and decision agents, wallets, exchanges, banks, asset managers, insurance companies and technology companies; to
offer new investment and borrower products, and develop new tools for use on our platform. These ecosystem partners can transact directly with our marketplace or leverage our automated administration tools to build financing portfolios to suit their or their
opportunities provided by these ecosystem partners will help expand the attractiveness and availability of our network.

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.

Our mission is to make trustless financing ano-brainer for both borrower and investor.

Our vision is to facilitate an ecosystem where financing liquidity is maximized and
all participants win.

MARKET OVERVIEW

Traditional local banks and credit unions offer unsecured loans. However, it is notably difficult to get an unsecured business loan through traditional lenders; especially if your business is relatively young It can also take months to apply and get approved. Generally, banks focus their operations in determined geographic locations, which makes it difficult for people in different areas to connect for purposes of
credit transactions.

Private lenders are few and far in between and scattered throughout the country. There exists tougher requirements to be approved for a private loan, as the
repayment method is not automated.

Alternatively, online platform lenders such as direct and peer-to-peer lenders can offer a faster, easier online application process. Peer-to-peer platform lenders use other investors to fund their loans. This means that the money for your business loan might be originating from dozens, or even hundreds of individual investors all over the
world. They usually offer more flexible approval and repayment terms than either bank or direct online lenders, but their interest rates are generally a bit higher Peer tomarketplace lending . This type of consumer lending in the UK grew at 81.2 per cent a year between 2010 and 2015; SME lending growing at 6 per cent a year during the same period; the total number of active borrowers almost doubled in 2015 alone . According to Morgan Stanley, while marketplace lending in 2015 was still ~1% of unsecured consumer and SME lending in the US, it can reach ~10% by 2020 and expect China, the UK, and Australia to follow. The global market can grow to $150-490 billion by 2020 .

PROBLEM

Traditional Systems are Inadequate

Lots of Intermediaries

Most financing is still originated via third parties such as brokers and other intermediaries. They sell their contracts to banks or originators who have credit lines obtained from banks. The cost of the credit line is then passed on to the borrowers. Only when their portfolios get to a very large size the originators can securitize their contracts to get lower cost of funding.

Fragmented and Inconsistent

Most systems employed are not fully automated, records are mutable, censored, and subject to the patriot act of the country of domicile. Currently, the different parties would store their own copies of data, and process it individually. This makes it difficult to synchronize and collaborate through a shared process. This adds tremendous complexity
and cost for auditing.

Labour Intensive

Most financing contracts are difficult to understand and special instructions such as refinance, prepayment, end-of-term processing, etc. are largely manually performed on spreadsheets.

Startups and Small Businesses Underserved

There is a growing number of small businesses, especially startups, which fail to get loans from banks:

• The loan amount required is too small for banks to be interested in.
• Loans are usually brought in by brokers who don't earn enough
  incentives on the smaller loans to follow through.
• Banks usually take a long time to reach a decision.
• The bank's requirement for documentation is very high.
• Some small businesses do not meet the meet internal policy parameters the banks even   thoughthey are credit worthy by other standards.

SOLUTION

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. Since each smart contract is fully-customized and simplified, it is much easier to understand and without ambiguity. No more "if ... then ... else" statements and unnecessary code. Smaller programs also lead to lower gas fee.

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.

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 through over-collateralization as additional collateral, local
third -party guarantor, cross-collateralization as insurance, and FintruX ultimate protection reserve.

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.

Our Steps For Success

FintruX Network leads the way towards credit democratization, offering an innovative alternative to credit access.

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.

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.

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.

1994
- Invented Asynchronous Call in Programming
- Delivered First Online Credit Adjudication in Canada, if not the World
1998 - Delivered lending origination systems in client/server and browser based technologies
2000 - Invented low-code Development platform Rintagi
2003 - Generated A securitization system on the low-code platform
2005 - Patented Self-Generating Rejuvenating Technology
2009 - Generated full ERP systems on low-code platform
2015 - Kept >10 years old systems on modern UI/UX via continuous rejuvenation
2017
- 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.


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.

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AUTHOR :  vitsexy