01. Significant Collateral Required Banks like to loan cash on cash. This means that they will lend you the same amount of money you have in your savings account, using your money as collateral. This makes it difficult for businesses with low liquidity to get much needed capital to grow their business.
02. Stringent Requirements Traditional local banks and credit unions do offer unsecured loans. However, it is extremely difficult to get an unsecured business loan through traditional lenders; especially if your business is relatively young. It can take months to apply and few businesses rarely get approved.
03. Impossible Rates and Terms Less advisable financing options are often available, but these come with outrageous interest rates and unrealistic repayment schedules. Small businesses and startups should not have to choose between bankruptcy and borrowing under unclear, unfair and uncertain terms.
Phase One CREDIT ENHANCED FINANCING Using the credit enhancement principles of securitization, FintruX delivers highly secure unsecured loans to benefit the small businesses borrowers, accredited investors, and financial institutions of the world.
Phase Two 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.
Phase Three ADDITIONAL LOAN TYPES FintruX invites innovative asset classes created by other network partners to the ecosystem to become the go-to financing hub of the world. FintruX will provide a marketplace for lenders to trade their loans to one another.
1994 - Invented Asynchronous Call in Programming - Delivered First Online Credit Adjudication in Canada, if not the World
2017 - Open-Sourced Rintagi as A global collaborative project - Turned low-code into No-code Generation - Innovated Credit-Enhanced Unsecured Loan Product – FintruX