LendLedger connects Lenders with untapped data to bridge the gap between financial institutions and informal Borrowers. It brings together Borrowers, Data Providers, and Lenders in an open and secure global ecosystem built on distributed ledger technology. Through the LendLedger Protocol, anyone can join lending markets. The protocol’s APIs allow parties that don’t know each other to exchange data and value. And it uses Stellar’s blockchain technology to capture loan disbursement and repayment records in real-time. This gradually results in transparent and irrefutable reputations for all participants. By looking at the blockchain, Lenders can see Borrower behavior and price risk appropriately. LendLedger will help small businesses and informal Borrowers secure affordable credit from financial institutions. Its open standards and trusted shared ledger will increase data sharing, market interactions, and lending volumes.
|Hard cap||5,000,000 USD|
|Accepting||ETH, BTC, XLM, USDT|
|Restricted countries||China, United Kingdom, United States of America|
|Know Your Customer||Yes|
Milestone 1 (Q4 2018): Demonstration (India-Based Pilot)
By the close of 2018 LendLedger will have released its initial protocol focused on core blockchain functionality. The co-founders of LendLedger currently own and operate a data-driven Indian lending business which is onboarding loans at a run rate of $30 million annually. This will become our pilot group and we will move all of these loans onto the LendLedger blockchain. In addition, LendLedger will become the first test Credit Node. Credit nodes are essential to the running of the platform: they stake LOANtoken in exchange for Ledger Credit - the stable, non-fungible asset, used to make loans on the platform.
Milestone 2 (Q1 2019): India Onboarded
In the first 6 months of 2019 LendLedger will have expanded the pilot platform, built off our existing Indian lending business Happy Loans, and will be operating in the wider Indian market via the second iteration of the LendLedger protocol. Amongst other things this will involve off-chain data exchanges and Credit Nodes in testing with 3rd parties. As the basic software for Lenders and Data Providers will be live there will be a deep focus placed on bringing more actors onto the platform. The project will draw on the extensive relationships our founding team have with Indian institutions such as ICICI Bank, RBL Bank, Yes Bank, HDFC Bank and establishing partnerships like that with the Smart Campaign to assure those on our platform are observing best practice. We aim to have reached a annual run rate of over $50 million at this stage.
Milestone 3 (Q2 2019): India + 1 Other Market
After successfully establishing LendLedger in India the team will focus on scaling through expanding into other emerging markets. LendLedger has advisors and Community Experts with valuable experience in our target markets such as Nick Hughes, founder of M-KOPA and Nicole Van Der Tuin Co-Founder and CEO of First Access.
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