The 9th Edition of MGF by Andreea Porcelli Fall Conference allows established institutional investors to work with top international emerging companies. MGF attendees are just the latest group to join officials of multilateral organizations, representatives of sovereign countries, officers of national financial institutions, major international banks, financial services organizations, prominent influencers, and public figures in helping MicroMoney executies to achieve company’s ultimate objective – to lift two billion people out of financial oblivion.
Kicked off Sept. 15, MicroMoney’s AMM token pre-distribution campaign has a minimum swap threshold valued at $10,000 and a soft cap of swaps valued at $2 million. Thus far pre-distribution event generated $1.3 million and approximately $4.5 million worth of AMM transactions pledged by Oct. 17. The actual token distribution campaign starts Oct. 18, aiming to distribute between $15 million and $30 million (hard cap) worth of swaps.
“Companies and individuals around the world are responding favorably to MicroMoney’s brand of socially conscious lending,” said Anton Dzyatkovsky, MicroMoney co-founder. “We are happy to share the results of our pre-distribution campaign at MGF event and share our expectations from the upcoming token swap.”
A two-year-old business headquartered in Singapore, MicroMoney plans to use attracted funds to expand to Vietnam, Malaysia, Singapore, and Nigeria, launch its blockchain credit bureau and add over 100,000 previously unbanked customers, thus including them into the global financial system.
Today, banks are not able to approve first loan applications for billions of people worldwide due to the absence of credit history and records. A thriving business in Myanmar, Cambodia, Thailand, Indonesia, and Sri Lanka with 100,000 registered users and 40,000 loans issued this year, MicroMoney breaks this vicious cycle by lending to the unbanked and thus creating credit profiles banks could use, a breakthrough made possible by productisation of the proprietary blockchain-based Decentralised A.I. Neural Network Scoring System.
Currently valued at $1.85 million, MicroMoney provides social lending services with no collateral or paper-based document requirements. World Bank’s Global Financial Initiative estimates that over 2 billion adults, almost a third of Earth’s population, have never been banked in their lives. The most affected regions are Asia, Africa, and Latin America where about 65% to 80% of the adult population is unbanked.
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.
Contact: Max Smetannikov, Irina Nazarova, MVG for MicroMoney, +1 646 205 7030, [email protected]
For the original news story, please visit https://pressreleasejet.com/news/micromoney-30m-token-distribution-event-highlight-of-monaco-growth-forums.html.
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