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Any Access to Token Loans with Lendledger !

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Currently, due to the principles of lending system, owners of small businesses without credit history in emerging markets just do not have any access to loans. Though they may use a number of digital services and these transaction histories could support their creditworthiness to lenders, the majority of digital service providers don’t share such data with any financial institutions or credit bureaus.

As a result, such entrepreneurs can’t get money to develop their businesses. But if small business owners have an opportunity to securely send transactions and credit data to a number of lenders and create a reliable credit history, they will also get access to trillions of dollars in loans.

Though a centralized system in theory can become one of the possible solutions, a number of intermediates who have already entered this sphere with a view to make loans more accessible, have proved their inefficiency as they need the trust of all parties to function. As a result, their potential scale and rate of growth are limited.

It has become obvious that a decentralized, standards-driven approach to this issue is much more likely to be suitable. It is able to minimize loan origination costs and significantly scale up lending volumes. Such a system can provide more volumes and sources of credit data and seriously facilitate cooperation between all market participants.

Introducing Lendledger

Lendledger is here to provide an effective solution. It is based on an open protocol and blockchain technology and is able to ensure secure, transparent, cost-effective, and innovative interactions between data providers, lenders, and borrowers.

Open and secure way of the network’s functioning is provided with the help of the LendLedger protocol which defines the way how data is transferred, how the smart contracts work, what data should be saved and so on.

Owing to Open APIs, the decentralized network can fulfill the tasks that used to be fulfilled by a centralized system. It can control which participants can get access to the system, ensure their direct connection, etc.

Blockchain technology is used by LendLedger to build a reliable open lending network. There’s no central administrator and all information about execution of a smart contract is recorded to the public blockchain ledger.

Thanks to combination of the transparency provided by blockchain and the security provided by encryption technology, LendLedger can offer openness and protection of the confidentiality of identifying information.

LendLedger can build a new profitable market for Lenders, DPs, and other service providers. Such a network is able to contribute to financial growth and development a more efficient, affordable, and inclusive lending market

LendLedger was developed at Arth Labs which is the technology and innovation arm of ArthImpact Finserve, an Indian lending venture. The founders of the company are real enthusiasts in the sphere of digital financing and now they are ready to change the lending environment for unserved segments.

For Example !

Get Presale Information:
We closed our first round of Presale after full subscription. Stay tuned for Presale Round 2, which will be announced shortly. For more details on our distribution, check our Token Paper.

In the meantime, you can still receive presale information! Visit lendledgersale.io to sign and up and follow us on Telegram, Bitcointalk, and Twitter to learn more.

Team !

Whilst most startups have advisors, LendLedger adds to our already prestigious team with a Community of Experts who are at the top of their game and can offer us unique insights. Last week we welcomed Ben Lyon, Co-Founder of Kopo Kopo and Hover. Both of Ben’s companies are the type of high-level data providers LendLedger plans on bringing onto our platform. His perspective will prove invaluable as we enable data providers to monetize data and drive additional financing for small business clients. This week, Nicole Van Der Tuin, Co-Founder and CEO of First Access, a New York-based fintech company recently ranked among Entrepreneur’s 100 Brilliant Companies, joined our community to share her perspective on building data-driven lending infrastructures.

Nicole Van Der Tuin is Co-Founder and CEO of First Access, a New York-based fintech company recently ranked among Entrepreneur’s 100 Brilliant Companies.

Using its smart platform, First Access enables data-driven credit across emerging markets, allowing lenders in Africa, Asia, and Latin America to collect data from multiple sources and automate how this data is processed against existing credit policies, scorecards, and algorithms. Its real-time analysis provides insights on loan origination, staff and customers, even for borrowers who have never had a bank account or mobile phone.

Nicole’s work at First Access has been featured in major publications including The Financial Times, Forbes, The Stanford Social Innovation Review, and American Banker. Combined, the experience of the First Access team spans 58 markets.