A two-year-old business headquartered in Singapore, MicroMoney operates in Myanmar, Cambodia, Thailand, Indonesia, and Sri-Lanka with its multilingual call center located in Bangkok. Currently valued at $1.85 million, MicroMoney provides lending services with no collateral or paper-based document requirements. MicroMoney’s scoring platform sources data from customers’ mobile phones which is then processed using neural networks and A.I. algorithms to generate a credit score.
A repository of these credit scores is the foundation of MicroMoney’s Blockchain Credit Bureau. As financial institutions start querying credit profiles collected by MicroMoney, the unbanked who previously had no access to the global financial system become bankable.
“With MicroMoney-generated credit profiles, our customers and token holders get opportunities to manage their own reputation and credit rating, to attract more services allowing them to improve their quality of life, and to profit from controlling access to their valuable personal data,” said Anton Dzyatkovsky, MicroMoney co-founder. “We are thrilled that ICOBox, one of the biggest blockchain growth promoters and business facilitators, now supports our token distribution campaign’s funding objections, which have to be met for MicroMoney to fulfill its social mission.”
MicroMoney’s 30-day AMM token distribution campaign launches October 18th, 2017. With the face value of $1, the maximum quantity of 60,000,000 AMM tokens will be issued and all the unsold tokens will be destroyed after the crowdsale finishes. For more information or to register your exchange please visit: https://micromoney.io/
“We are strongly supportive of the social justice aspect of MicroMoney’s mission, and very pleased that the AMM token event will help MicroMoney increase the number of tools it needs to grant access to financial services to billions of the unbanked people worldwide,» said Nick Evdokimov, ICOBox co-founder. “We are confident that MicroMoney’s token event will be a success, taking into account the competitive edge MicroMoney gets from its proprietary sophisticated credit scoring platform, its vast addressable market, growing demand for its b-to-c and b-to-b services, and established and proven business model.”
Founded in 2015, MicroMoney International (micromoney.io) is a global fintech company offering financial services for the unbanked in the emerging markets, and access to the unbanked audience for banks, trade, and financial organizations. MicroMoney is a fast-growing company valued at $1.85 million, with over 85 employees in six international locations.
MicroMoney makes lending decisions using a proprietary, A.I. algorithms and neural networks-based mobile scoring system. MicroMoney’s lending process doesn’t require any collateral or paper documentation. MicroMoney collects customers’ opt-in mobile phone data to extablish potential borrowers’ credit score. MicroMoney uses the score to generate credit profiles, stored with MicroMoney Blockchain Credit Bureau, which in turn shares this data with financial institutions worldwide.
Founded in 2017, SaaS provider ICOBox (icobox.io) offers fixed-price services to projects seeking to sell their products and services via ICOs. As part of its solution, ICOBox provides technical, legal and marketing services. ICOBox was founded by three blockchain visionaries: Nick Evdokimov, a co-founder of SeoPult, an ex-CEO of AdInTop and Cryptonomos CEO and co-founder, Mike Raitsyn, a serial entrepreneur, and Anar Babaev, Head of Digital Marketing at Cryptonomos.
For the original news story, please visit https://pressreleasejet.com/news/blockchain-credit-bureau-pioneer-micromoney-builds-momentum-with-icobox-addition.html.
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