ICO Micromoney

According to a McKinsey Report, in 2010 2.5 billion adults, just over half of the world’s adult population, did not use formal financial services to save or borrow. Despite the movement towards financial inclusiveness, in 2017 there are still about 2 billion people in the world without formal banking. That means they are forced to use cash in their daily life and have no chance to address their urgent needs by applying for banking services. Borrowing from friends and family is the most common source of urgent finances because their loan applications are hardly approved by banks. The reason is always the same: they have no credit history. Although financial organizations declare that there are fewer and fewer unbanked each year, those who remain in an unbanked or underbanked status do not have an easy way to solve their situation.

Global Problem
As people worldwide lack access to basic financial services, they have limited capacity to overcome poverty and to increase their living standards. That implies a lack of access to both banking services (loans, mortgages, or bank accounts) and access to all other services and opportunities. No credit history means limited access to banking services, which means no loans and, no credit history… However, there is hope to break this vicious circle.

There is a large percentage of unbanked individuals in the Asia-Pacific Region, which is now home to more than half of the world’s internet users, 54% of the world’s social media users, and 56% of all mobile social media users. This trend proves that although most Asian people may be unbanked, digital services and innovative solutions have improved people’s lives. And we are here to help bring all those millions of people to the new global crypto economy.

Micromoney is

Launched in 2015, MicroMoney is a financial platform that focuses on providing access to financial services to unlicensed companies.

MicroMoney is building global inclusion through its platform, where anyone, anywhere in the world can have access to the best financial services.

In addition to serving the disadvantaged, MicroMoney also has a variety of services for individual partners, SMEs, Businesses, Banks and MFIs. All of these will be explained in detail below.

Solution

Giving micro money to people

MicroMoney is a team of professionals experienced in working in emerging markets. There are 196 countries in the world, and 100 of those countries represent our target market. Who are our potential clients? They are more than 2 billion of unbanked people, they run cash-only households, have no credit history, have no debts, and widely use smartphones and Facebook. They are the so-called “blue collars” and “white collars”, and SMEs. Their monthly income is around $200-500.

This implies a huge amount of new customers and we are here to bring them to the new global crypto economy.

In an emerging market, a smartphone can tell us everything we need about its owner, so that we can estimate his/her creditworthiness. No joke, your smartphone knows you much better than even your best friend.

So we made an app, which gathers 10,000 parameters. We analyze this Big Data using our AI Neural Network Scoring and this is enough to obtain a loan approval decision in just 15 seconds. Now, to borrow money using our app is as easy as to order an Uber. Of course, we are always improving the system too.

We realized that 90% of our customers take the first loan in their life. At the same time, we were overwhelmed by the idea: by providing money to people, we are not just helping to address daily needs. We are helping to create a digital financial identity, to build creditworthiness and reputation and to start their credit history.

ICO

MicroMoney invests Initial Coin Offering (ICO) in which the original sign of MicroMoney "AMM" will be offered for sale to the original investor. Funds accumulated during MicroMoney ICO will be used to fund further platform development.

Update: ICO is LIVE! More than $ 7 million + has been raised!

MicroMoney ICO commences on October 18, 2017 and will expire on November 18, 2017 or until the maximum limit of $ 30 million is reached.

A total of 60,000,000 AMM tokens will be made whereby 84% will be offered for sale to investors at the following prices:

1 AMM = $ 1

Roadmap