Small and micro businesses in Emerging Markets have huge unmet funding requirements ($331bn+)
The Alternative Finance providers that lend to them require access to additional capital at affordable rates
Kinetic Credit makes it safe for international lenders to lend to Emerging Market alternative financiers, starting with Africa
83% of the total funding needs of small and micro businesses in Africa are unmet, equating to a funding gap of $331bn ($5.2tn all Emerging Markets).
Token holders who lend through our platform will receive interest in US dollars at 12-15% per annum on each loan that they make.
Only established alternative financiers with low risk of default can access the platform. Each loan is protected by a platform wide borrower reserve account.
Licenced Unsecured Lenders
Asset Leasing Providers
Invoice Factoring Companies
Borrowers are pre-qualified* to ensure compliance with minimum conditions before joining the platform. This includes checks on i) legal registration, ii) operating history, iii) director details, iv) key financial and operational metrics, v) credit bureau data (if available) and vi) borrower process for on lending.
*checks will be concluded by Kinetic Credit in conjunction with 3rd party providers
Register an account with individual or company profile and digital KYC. A wallet will then be assigned to you.
Purchase Kinet tokens directly from your account using cash or other cryptocurrencies.
View dashboard of all active loan opportunities. Select loans that you want to participate in and USD amount to lend.
Enter into a smart contract to loan money to the borrower using Kinet tokens. Automatically receive tokens representing principal and interest on loan repayment dates.
Register an account with company profile and digital KYC. A wallet will then be assigned to you.
Fill out new loan application including relevant company and financial information. Upload supporting documents. Only Prime borrowers will be accepted onto the platform.
On closing day, accept or reject final loan offer. Acceptance enters you into a smart contract with all lenders. Receive tokens and convert them into local currency. Fund the borrower reserve account.
Receive automated invoices ahead of each repayment date. Fund your account in local currency and automatically repay lenders.
Using our tokens brings down the cost of international money transfer from c.7% to almost zero.
We exchange tokens into local currency for borrowers and local currency into tokens for lenders.
10% of each loan is locked up for 2.5 years* within a borrower Reserve Account as collateral to offset credit default and currency fluctuations.
Loans are issued as smart contracts on the blockchain including loan and repayment terms, borrower repayment history and lender returns
* Lock up remains for 1 year post repayment of the loan
Our platform is based on the Stellar cryptocurrency platform. Stellar processes transactions faster than Etherium and other established ICO platforms, offers negligible transfer fees and provides access to a decentralised trading exchange on day 1 so that our tokens can be traded.