Colendi, blockchain based decentralized credibility and microcredit platform, has been announced at World Crypto Economic Forum event.
Colendi is a blockchain based decentralized credibility and microcredit platform, fully compatible with participation banking requirements as well as traditional financing methods.
Credit models of banks and other lending institutions are outdated and definitely inadequate in terms of population coverage and credibility evaluation. 2.93 Billion of world’s population is unbanked today meaning that 38.5% of the world’s entire population does not have a bank account, and only 42% of the banked population is labeled as eligible for lending. Considering the global distribution of this fact, it is clear that the unbanked population ratio is quite low in European countries, whereas most of the populations of developing and low-income ones fall into that unbanked region, where people are financially invisible.
Colendi was founded by experienced entrepreneurs which provided them the accurate understanding of the problem and the solution, and thus, this extensive global model has been created on the top of the vast knowledge base of the matching technology.
Colendi is a game changer for credibility and microcredit world. It covers every step of credit life cycle: lending, spending, and payment, fully compatible with majority’s needs, covering a large segment of world’s population.
The roadmap is challenging, but Colendi’s plan is to reach 100 Mio users globally in 3 years thus remodeling whole credit network.
For further information: colendi.com
About World Crypto Economic Forum
The World Crypto Economic Forum in the San Francisco Bay Area is the first of a series of events around the world to support the blockchain community and create a global network of entrepreneurs and developers in today’s fast-evolving blockchain economy.
Speaker tracks will feature best-in-class leaders from the entire blockchain and token ecosystem, including core software development, ICOs, law, business, and much more.
