MicroMoney
Curated by SignalCrypto-backed lending platform offering financial services for unbanked individuals.
Overview
MicroMoney operates as a crypto-backed direct lender, focusing on providing financial services to unbanked individuals across 100 countries. The platform includes a wallet that allows users to buy and hold various cryptocurrencies and fiat currencies, as well as services for mobile phone top-ups and utility bill payments. Utilizing blockchain technology, MicroMoney offers non-collateralized, on-chain loans on the Polkadot network, enabling users to access liquidity without the need to sell their digital assets. This model aims to address financial exclusion by connecting users to essential financial services and facilitating rapid loan processing through a smartphone application, which is supported by creditworthiness assessment algorithms.
Key facts
- Founded
- 2015
- Headquarters
- Yangon, Myanmar
- Stage
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- Industry
- Financial Technology
- Sector
- Crypto
Business model
- 5 products and services
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- Commercial model
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Contact
- Primary office
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