L-Pesa Lending Platform and Kripton Token

The first successful African loan service is expanding through the blockchain with the addition of the cryptocurrency Kripton

L-Pesa Microfinance is a functional financial technology start-up that is realizing the enormous opportunity in providing financial services to developing countries. Financial services is what developing nations desperately need in order to grow there society and drastically improve standard of livings.
L-Pesa is positioning itself to become a global leader in this high growth, high potential market with market managers and back office teams working in multiple locations across Africa including Tanzania, Kenya, and Uganda along with a development team in India. The company does it's own background and credit checks and provides customer services in which over 35,000 loans have been issued and the platform has amassed 150,000+ users.
All this has been done on minimal investments and marketing budgets.
The Key to L-Pesa Success is Automation
The company has a high focus on automated processes which translates into a highly scalable operation. Over 90% of the loan process is automated using web and mobile interfaces for customers. In addition, underwriting documentation and user identifications are done in automated process, limiting overhead while providing savings and opportunities to the users along with potential investors.

L-Pesa is ready to expand through the Blockchain

With an already established, web based financial company, the blockchain provides many additional opportunities for growth. The L-Pesa platform will utilize the Kripton cryptocurrency token to provide lending needs to not only developing countries, but to everyone worldwide. Considering the blockchain will provide a clear and transparent ledger with fast and secure network for transfers, this technology will provide a strong business advantage to compliment the focus on automation.

Consider reading the in-depth WhitePaper for a greater understanding