We build an Ethereum-based lending protocol
atop a network of licensed pawning family businesses
In emerging countries, countless family businesses own some kind of financial service license – pawning, remittance or currency exchange. These businesses often fall in the infamous SME financing gap and can’t scale their services.
As underwriters in the DApact network, they can exchange under-utilised capacity of this existing legal assets for additional business capacity.
With loan directly funded to a beneficiary’s wallet, underwriters can focus on lending operations, netting a 5% commission on each installment processed to cover operating expenses and possible loan default.
IT’S A LUDICROUS BUSINESS
Overly intermediated industry
7 financial intermediaries in average for a microloan to reach its beneficiary, and everyone takes his cut
Huge operating costs
The result of a non-tech savvy industry culture, out-of-age processes, and shadowy business practices
Steep interest rate
The average interest rate on legitimate microloans is over 18% flat rate globally
WE MAKE IT A NETWORK
Small lender uberisation
We leverage the unmatched cost efficiency of family businesses to develop the most effective microcredit system in the world
Direct bridges to the needies
We build a new express way for development agencies, impact investors and crowdlending platforms to reach out to their beneficiaries without the legacy intermediaries
Blockchain + free market principles
An incentive / liability scheme transforms small lenders into network oracles liable for the portfolio they manage
NOW THINK ABOUT IT
750,000,000 microloan users worldwide
It’s us. It’s emerging economies
Access to 350% cheaper loan
A penny saved is a penny earned, and we’re talking hundreds of dollars in saving
Scaling at the speed of light
The DApact is a mere lending protocol: network Trustees handle the legal hassle
THIS IS BLOCKCHAIN FOR SOCIAL GOOD
Dramatically reducing microloans interest rate in developing countries
from local lender
from microcredit institution
in the DApact network
We’re here to help social impact organisations better fulfil their missions
We build a blockchain protocol for international development aid operations in low-income countries, aiming to improve funds traceability and disbursement efficiency through decentralised origination softwares, and a network of centralised, locally compliant oracles securing blockchain to real-world interactions.
Practically, our protocol lets crowdlending platforms, foundations and development banks reach out to their beneficiaries without their legacy data brokers and financial intermediaries. The DApact maintains (1) a set of softwares and UIs for decentralised matching of funders and beneficiaries, and (2) a network of merchants (underwriters) in target countries to complete KYC validation and ETH-to-cash exchange.
Microloans and aid are tokenised as ERC271 (aka non-fungible) standard bearer tokens, and their fiat value formalised in Ether on the blockchain – therefore passable on to unbanked populations at fractional cost and without resorting to a middleman.
Beneficiaries can cash out their Ether against network underwriters for a commission rewarding their participation, with underwriters’ integrity perpetuated notably through a zero-sum balance game.
Being a pure decentralised protocol, The DApact is able to hand over compliance affairs to the underlying network underwriters – they can be registered as a small microfinance, pawnshop, payment agent or currency exchange business following their local regulation. This makes The DApact a compliance-agnostic, seamlessly scalable financial service.
MEET OUR KYC CHATBOT
HOW IT WORKS
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