Business Showcase : Loanbit

Describe the company – the elevator pitch …

LoanBit is a P2P lending and investments platform with safety fund, especial verification system and cooperation with world-wide arbitrations.

LoanBit is a multi-currency platform that supports everything from fiat currencies to the latest cryptocurrencies. It allows you to send money in an encrypted format and secure it with state-of-the art security measures.

This is a peer to peer network that offers a robust investment platform and allows participants to get a loan in a currency of their choice.

Add to it the integrated exchange available on this P2P lending platform and the worldwide arbitration support, and you have got a winner here.

LoanBit offers an armor of a protection for the lenders. It safeguards the interests of the lenders in the community by covering up to 75% of the loan.

With LoanBit you can

Keep money in a multi-currency wallet,

Trade on the integrated exchange,

Invest money in cryptocurrencies, and

Get a loan in the currency of your choice

Don’t miss this golden opportunity. Be a part of this revolutionary idea that is all set to transform the world.

How are you different?

The main differences are integrated exchange and safety fund.

1. Exchange allows to every user convert money without leaving the platform. It will be convenient for investors, borrowers and traders. Investor with BTC will be able to convert and invest into Eth or USD loan. Trader will be able to receive trading loan when he needs additional working capital.
2. Safety fund. One of the important advantages of the LoanBit platform is a safety fund for partial insurance of loan granted on the platform. The existence of a safety fund will attract more investors to LoanBit. The investor may look to a partial pay back in case of interaction with an unfair or bad borrower.

Why will you do well?

We have analyzed many lending projects, brought out advantages and disadvantages and defined areas for development. We tried our best to secure investment for the platform participants and create a convenient platform where you can store money, invest it, trade on the exchange, increase working capital by obtaining trade loans, and also receive consumer loans in one place.

Where are you based?

We will incorporate our business in Switzerland and will open representative offices over the world year after year.

When was the company launched?

The idea of creating the platform arose in late 2016. We began to actively implement it in the second half of 2017.

What have been your biggest wins to date?

We have not yet the significant achievements, so just started our journey. However, we would like to point out the following: buildup of the team, the attraction of the initial investment and creating the project community.

Who are you trying to attract to your product?

First of all, these are people from the crypto-world, new generation people. These can be quite wealthy people from developed economies who want to increase their capital, and low-income people who do not have access to financial resources.

What tips would you give to others looking to build their business?

Do not stop after the first failures; look for ways to solve problems and always have two or three action plans.

Tell us about your team?

Misha Osaula, Co-founder & CEO, has been engaged in programming and website construction for over 6 years, with my primary working being done on online shops, corporate websites and e-currency exchanges.

Aleksandr Gryaznykh, Co-founder & CFO, came from a finance and auditing background. Over five years, he worked as an auditor in the international audit company. In the last few years, he was engaged in corporate finance.

Dmitriy Kotikov, Co-founder & CTO, Has more than 8 years of experience in IT. The main areas of activity are software development, development and support of data warehouses, development and support of mobile applications.

Anton Mitrokhin, Analyst and business developer with over 10 years of cross-disciplinary experience in business and technology strategy. He is responsible for strategic development of LoanBit.

What are your plans for the future?

First of all, we are most interested in launching the platform. The MVP is already being developed and will be presented in late March-early April. Then we will be opening our verification center, to make the process much simpler and easier for people looking to get verified. Next, we will focus on the creation of our mobile app. As you can see, all of our plans focus around customer satisfaction and ease of use, as these are the two main barriers in the traditional lending market.

How do people get in touch with you?

Website: https://ico.loanbit.org/

If you would like to have your company featured in the Irish Tech News Business Showcase, get in contact with us at Simon@IrishTechNews.ie or on Twitter: @SimonCocking