Blockchain & Fintech Startup MicroMoney Launches ICO on KICKICO

Lending app MicroMoney has launched an ICO round on KICKICO. As previously reported, MicroMoney describes itself as a company that is focused on micro-financing in the online money lending industry and states that it aims to provide the “best professional” solutions to consumers’ financial needs across Asia and is now available in five Asian countries. The company revealed:

“We have developed a universal system for rapid assessment of credit-worthiness of a client. Now there is no need to collect a large number of documents to confirm ability to repay. All that is needed is to install MicroMoney application on a smartphone. Application is based on neural networks, machine learning, and Big data. After the launch, our scoring self-learning system analyzes the data from the borrower’s smartphone and identifies potential credit risks with an accuracy of more than 95%. After that program makes a decision – to issue a loan or not. We processed more than 95,000 unique registrations, got more than 500,000 likes on Facebook during 2 years of work.”

MicroMoney recently noted that it now employs about 200 people in Cambodia, Myanmar, Singapore, Sri-Lanks, and Thailand to service its microfinance business and some software developers, marketing, and PR managers, copywriters from the UK, Israel, and Russia to promote the company. Anti Danilevski, CEO of KICKICO, stated:

“We are excited to welcome on KICKICO this team of highly professionals who provide smart solutions to the financial needs to people. Participating in MicroMoney ICO campaign on KICKICO, our backers will get 2 cryptocurrencies – tokens of MicroMoney and 8% of KICK tokens calculated from overall payment –  a pleasing benefit for our сommunity.”

MicroMoney’s token distribution campaign will start on October 18th and will run until November 18th.

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