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Social App Lendonomy Shortly Surpasses 150,000 Funding Goal on Seedrs
Lendonomy, a social app that builds globally legitimate credit score profiles on blockchain, has shortly raised its preliminary 150,000 funding goal by means of fairness crowdfunding platform Seedrs. Based in 2018, Lendonomy is a mobile-based social community for cash with the P2P lending core, designed particularly for millennials and era Z.
“Lendonomy is constructing a monetary product that’s set to turn into part of a preferred tradition with the imaginative and prescient to assist youth construct a wholesome relationship with cash.”
Lendonomy additional revealed that it screens and analyzes knowledge from bite-sized peer-to-peer loans, saves it on the blockchain and makes use of it to construct a credit score historical past that may be internationally verified.
“With the assistance of Open Banking APIs, mobile-first Tinder-like design, academic content material, and the weather of gamification, we encourage cheap credit score habits and a wholesome relationship with credit score.”
Lendonomy then famous its structure will enable third events to connect with one or a number of of our blockchain channels (upon consent from customers) to validate the information. Which means a financial institution or a credit score bureau that desires to verify the validity of the person’s claims concerning their mortgage habits can connect with our system and validate the knowledge.
“We are able to present readable JSON information with uncooked knowledge or systematise the information and monetise aggregated knowledge insights by creating business reviews. This half is by far the least explored by us, however we see an incredible worth in it. So, we now have created a stable tech basis to allow it.”
Funds from the Seedrs marketing campaign might be used to proceed the expansion and improvement of the Lendonomy app and merchandise. The corporate is now providing 8.67% in fairness at a €2.2 million pre-money valuation. The marketing campaign will shut mid-Might.
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