L-Pesa Microfinance is a fintech startup poised to take advantage of the fast-growing need for financial services in the developing world. Its primary barrier to growth at this point is its ability to fund user acquisition and loans.
The idea for L-Pesa was incubated for a decade, and the business was launched at the time four important market forces converged to allow scaling:
• Big Data, Artificial Intelligence & Blockchain
• Alternative Credit Data
• Mobile Technology
• Biometric Identity
L-Pesa has harnessed these market forces and built technology and a proprietary credit scoring model that allows it to quickly scale microlending in developing countries while keeping loss ratios below 10%. L-Pesa has a strong focus on automation. 95% of the user acquisition and loan underwriting process is automated and therefore extremely scalable. L-Pesa’s technology stack is built on top of Amazon Web Services, an extremely scalable on-demand cloud computing platform which has been or is used by major brands such as Netflix, Airbnb, Pinterest, and Spotify.
Kripton L-Pesa ICO timeline:
• Pre-sale starts March 18, 2018 / 15:00 GMT
• ICO starts April 10, 2018 / 15:00 GMT
• ICO ends May 10, 2018
Network Effect: L-Pesa is not a charity. L-Pesa is purely a business. Being a business gives us certain freedoms that charities don’t have. As a business we have to provide a return. Blockchain brings transparency and efficiency, and it drastically reduces the operational costs, making the small lending viable. Tokens are efficiently transacted over fiat, so they are more appealing to the L-Pesa target market, and they also assist in building a community and creating a network effect.
The LPK L-Pesa token : The token distributed during the token launch is known as the LPK. The LPK token is a standard ERC20 token (on the Ethereum platform) that allows one to use the LPK applications. Over time, more functionality will be released that helps increase network utilization through tokens for the benefit of the network.
The smart contracts deployed in the initial stage of the project, consists of two main modules:
• Token contract which follows ERC20 standard.
• Crowdfunding contract which allows campaign participants to send their contributions in ETH.
• 1 ETH = 17,500 LPK.
WEBSITE : https://kriptonofafrica.com/
WHITEPAPER : https://kriptonofafrica.com/static/pdfs/L-Pesa%20ICO%20white%20paper%202018.pdf
AUTHOR : https://bitcointalk.org/index.php?action=profile;u=2004273