FintruX - Roadmap

Our Steps For Success

FintruX Network leads the way towards credit democratization, offering an innovative alternative to credit access.

Phase I (Formation):

CREDIT-ENHANCED FINANCING

Using the credit enhancement principles of securitization, we deliver highly secure unsecured loans to benefit the small businesses borrowers, investors, and financial institutions of the world.

Phase II (Validation):

ADDITIONAL LICENSED FEATURES

FintruX Network will provide a trading platform for lenders to trade and securitize their loans in licensed jurisdictions. Additional enhancements such as convertible bonds, crowdfunding, AI advice, etc. can be applied.

Phase III (Growth):

EXPANDED ASSET CLASSES

FintruX will invite many innovative asset classes created by other network partners to prosper in this ecosystem so it becomes the go-to financing hub of the world.

Phase IV:

ONE WORLD

By partnering with wallets, exchanges, and regulatory bodies, FintruX enables small business borrowers from countries with high interest rates to benefit from loans offered by lenders located in lower rate countries.

2017 Quarter 2

ETHEREUM R&D

Researched into blockchain technology; taken numerous courses on Smart Contract and Solidity development; practiced on Ropsten Testnet and internal private Ethereum Virtual Network.

DAPP R&D

Development team researched and practiced Angular 4, Truffle framework, Metamask, and interconnectivity with Smart Contract on private network and Testnet.

2017 Quarter 3

CONCEPT VALIDATION

The concept of FintruX passed around existing clients and board members of Canadian Finance & Leasing Association for validation.

WHITEPAPER READY

Documented and published blockchain based financing and automation into whitepaper.

TOKENIZATION

Design token utilization practice to the most efficient and effective operation of the FintruX platform.

2017 Quarter 4

FOCUSED PRACTICE

Focus FintruX financing on one specific product - "making P2P unsecured loan highly secure". FintruX Network facilitates global networking with specialized service agents.

WIREFRAME READY

The functionality of lenders selecting decision package, borrower instant matching, credit approval, fraud and identity verification, documents audit, smart contract generation & deployment, and funding demonstrated.

PARTNERSHIPS

Establish relationships with people from the financing and blockchain industry.

2018 Quarter 1

PROTOTYPE READY

First prototype comprising basic functionality of the wireframe deployed to Ethereum Testnet.

OPEN SOURCE

The smart contracts' solidity source code published on Github.

FUNDING

Crowdsale campaign completed.

TEAM EXPANSION

FintruX Network will expand the development team and hire experts in the financing and Ethereum blockchain development sectors.

2018 Quarter 2

PROCESS TEST

Loan of $300,000 SGD deployed to test viability of business and legality in Singapore.

INFRASTRUCTURE DEVELOPMENT

Prototype refined with new infrastructure and architecture. Improved programming language such as react.js, redux and bootstrap.

LICENSING

Worked with top legal minds in Singapore, US, and Canada to contact and seek licensing requirements from respective regulatory bodies. Explored opportunities and legalities in Malaysia, Indonesia, and Vietnam.

2018 Quarter 3

USER EXPERIENCE

Developed our no-code generation to generate a new class of responsive mobile first screens to be extremely lightweight, user friendly and easy to use.

PROCESS MODIFICATION

Revised business processes with our legal team in 3 continents to clear regulation hurdles for licensing.

SCALING

Ensured modified process does not require licensing and can scale globally with minimal customization and no legal requirements.

SMART CONTRACTS DEVELOPMENT

Merged smart contracts with localized loan agreements in different jurisdictions. Designed and tested smart contract to facilitate all payments on the platform to be sent and received in seconds.

2018 Quarter 4

Credit Model Training

Training videos and seminars to be released to general public, educating potential lenders on how to perform SME credit adjudication based on credit, business, and financial risks.

ALPHA TEST

Fully functional version of the prototype deployed to production EVM with added functionality such as credit checks and scoring, scheduled payments, fee payments, cross collateralization pool management, end of term processing.

Pilot Preparation

Prepared go-to-market strategies while legal team proceeded with licensing efforts. Enrolled potential stakeholders to market test the prototype and made considerable UI improvements.

2019 Quarter 1

BETA TEST

Pending successful licensing in Singapore, we aim to facilitate 50 loans as well as extend downstream processes and functionalities, such as statistics and management reports.

NETWORK DEVELOPMENT

The platform will be ready to grow exponentially by adding new participating service agents.

SERVICE ORGANIZATION

Our support team would already have been set up to help participants in our ecosystem.

MARKETING

PR, marketing campaigns, event participation, and sponsorships would have been established and efforts will be ongoing.

2019 Quarter 2

GENERAL AVAILABILITY

The initial version will officially be available to select regions.

GO TO MARKET

Sales and support teams would already have been established.

SCALE THE PLATFORM

The platform is tested to serve the masses.

ROADMAP