Micromoney International Company Profile

Background

Overview

Micromoney International is a global fintech company specializing in micro-financing and credit bureau services. Established in 2015, the company leverages blockchain technology to provide financial services to unbanked populations, offering micro-loans and building digital financial identities for individuals without prior credit history.

Mission and Vision

Micromoney's mission is to integrate over 2.5 billion unbanked individuals into the global financial ecosystem by offering accessible and efficient financial services. The company's vision is to empower underserved populations by providing them with the tools to build creditworthiness and financial stability.

Primary Area of Focus

The company focuses on delivering micro-financing solutions and credit bureau services, utilizing blockchain technology to create transparent and secure financial transactions. This approach aims to bridge the gap for individuals lacking traditional banking access.

Industry Significance

Micromoney International plays a pivotal role in the fintech industry by addressing the challenges faced by the unbanked population. Its innovative use of blockchain for credit scoring and loan disbursement sets a precedent for integrating decentralized finance into mainstream financial services.

Key Strategic Focus

Core Objectives

• Financial Inclusion: Provide accessible financial services to unbanked and underbanked individuals globally.

• Technological Innovation: Utilize blockchain and AI technologies to enhance the efficiency and security of financial transactions.

• Global Expansion: Extend services to various regions, including Asia, Africa, and beyond, to reach a broader audience.

Specific Areas of Specialization

• Micro-Loans: Offer small, unsecured loans to individuals without traditional credit histories.

• Digital Identity Creation: Build digital financial identities for users to facilitate access to financial services.

• Credit Scoring Systems: Develop AI-driven credit scoring models based on alternative data sources.

Key Technologies Utilized

• Blockchain Technology: Ensures transparency and security in financial transactions.

• Artificial Intelligence: Employs AI algorithms for credit scoring and risk assessment.

• Big Data Analytics: Analyzes large datasets to evaluate creditworthiness and financial behavior.

Primary Markets Targeted

• Southeast Asia: Myanmar, Thailand, Indonesia, Sri Lanka.

• Africa: Nigeria, The Philippines, Cameroon, Zambia.

• Global: Expanding services to other regions to reach a wider unbanked population.

Financials and Funding

Funding History

Micromoney International has completed seven funding rounds, raising a total of $6.84 million. The latest funding was an Initial Coin Offering (ICO) on October 18, 2017, raising $5 million.

Notable Investors

• Platinum Capital: Participated in the seed round.

• Grand Corporation Osaka: Engaged in debt financing.

• Nagata Tetsuji: Board member and investor.

• Oknha Sorn Sokna: Board member and investor.

• Anton Dziatkovskii: Board member and investor.

Utilization of Capital

The raised funds have been allocated towards expanding the company's technological infrastructure, developing AI-driven credit scoring systems, and extending services to new markets to enhance financial inclusion.

Pipeline Development

Key Pipeline Candidates

• Unsecured Loans: Developing a platform for non-collateralized, on-chain loans for unbanked individuals.

• Digital Identity Solutions: Creating digital financial identities to facilitate access to financial services.

• AI Credit Scoring Models: Enhancing AI algorithms for more accurate credit assessments.

Stages of Development

• Unsecured Loans: In the development phase, aiming for a beta launch in the next 12 months.

• Digital Identity Solutions: Pilot programs underway in select markets, with full deployment planned within 18 months.

• AI Credit Scoring Models: Ongoing refinement, with expected implementation across all platforms in the next 6 months.

Target Conditions

• Financial Inclusion: Providing services to individuals without access to traditional banking.

• Credit Accessibility: Enabling credit access for those without established credit histories.

Anticipated Milestones

• Unsecured Loans: Launch of the lending platform in the next 12 months.

• Digital Identity Solutions: Full deployment across target markets within 18 months.

• AI Credit Scoring Models: Implementation across all platforms in the next 6 months.

Technological Platform and Innovation

Proprietary Technologies

• Decentralized AI Scoring System: An AI-driven credit scoring model utilizing alternative data sources to assess creditworthiness.

• Blockchain-Based Credit Bureau: A transparent and secure platform for recording and accessing credit information.

Significant Scientific Methods

• Machine Learning Algorithms: Used for analyzing large datasets to predict credit risk and behavior.

• Big Data Analytics: Employed to process and interpret complex financial data for decision-making.

Leadership Team

Key Executives

• Sai Hnin Aung: Board of Director.

• Oknha Sorn Sokna: Board of Director.

• Nagata Tetsuji: Board of Director.

• July Phoo: Chief Operating Officer.

• Tin Aung Htut: IT Manager.