Crowd Genie: A Distinctive Approach to Alternative Financing for SMEs
▻https://hackernoon.com/crowd-genie-a-distinctive-approach-to-alternative-financing-for-smes-215
Crowd Genie is a peer-to-peer online lending platform in Singapore which is looking to enhance its business loan service provision by embracing the #blockchain innovation. The company’s vision is to radicalize the existing funds lending and borrowing framework so as to make it more efficient and worthwhile for all parties involved.To this end, the platform has scheduled an ICO aimed at raising $35 million to enhance the platform and scale operations to reach the global market.Market ProblemsThe alternative financial market space is one of the fastest growing globally, particularly in the emerging Asia-Pacific region. Most of this growth can be attributed to a market gap, whereby legacy financial institutions are unable to meet borrowers’ and lenders’ demands satisfactorily. At the same (...)
#financing-for-smes #small-business-funding #fintech #small-business-financing