Fvndit
Fvndit (FVND)
More on ICO
Pre-Sale May 1, 2019 - May 31, 2019
Token Sale June 1, 2019 - Sept. 30, 2019
ICOMarks Rating 5.1 / 10
Whitelist/KYC KYC
Token price Unspecified
Platform Ethereum

Fvndit wholly-owned subsidiary in Vietnam, eLoan, is the leading SME short-term financing platform in Vietnam with over $5M USD in disbursements and without any outside capital.

We’ve reached a stage, where the only thing stopping us from growing is the amount of money we have, to give out at 15%-20% interest per annum.

Today we are looking to attract $10M USD for loan funding activities through a US SEC-compliant security token offering.

Here are 4 reasons why we believe it’s a good opportunity:
* Our operational setup in Vietnam and the risk model have allowed us to maintain 0% non-performing loans and 10% month-to-month growth since 2017;
* Conducting our security token offering through a US entity that owns the Vietnamese subsidiary allows us to easily include foreign capital in the P2P marketplace today and in the future.
* Our security token holds financial (equity) and dividend rights.
* Quarterly dividends of $0.025 per token, which depending on the investment phase, is 10%-14.28% per annum.

Q2 2019

Launch STO campaign.

Start 1st phase of token sale.

Scale and streamline operations.

Q3 2019

Start 2nd phase of token sale.

Add insurance partner and other banking partners.

Start expansion plans to other cities.

Launch Affiliate Program.

Q4 2019

Complete final phase of token sale.

Launch direct lending products.

Add KYC/AML automation.

Push for regulatory sandbox acceptance.

Q1 2020

Launch advance payroll program and Mobile Wallet.

Deploy enterprise API.

Increase loan limits.

Open operations in Mekong Delta.

Q2 2020

Start listing process for token.

Kick off initial blockchain adoption.

Onboard institutional partners.

Open new operations in Hanoi.