– SWITZERLAND, Zug – Colendi, the microfinance-focused credit scoring solution for the unbanked and underbanked, today announced their initial funding from early investors as well as the addition of strategic advisors to the team.
Colendi raised $2.5 million from early investors including Aslanoba Capital, Bogazici Ventures, and Next Ventures. Proceeds will support general business operations as well as the development of key products including the Colendi app.
In addition to ongoing foundational support from industry leading infrastructure technology organizations ConsenSysand Token Foundry, the Colendi team continues its strong growth trajectory with the addition of numerous strategic partners bringing expertise in fintech, blockchain and mobile technology and product development.
“These investments will enable us to pursue our vision of redefining the credit scoring market and enable us to help the approximately 3 billion unbanked and underbanked worldwide to enter the financial ecosystem,” said Bulent Tekmen, co-founder and CEO of Colendi.
Tekmen added, “These advisors will work alongside us as strategic partners to Colendi. As we continue to expand our activities and area of influence, each partner will play a crucial role in our growth. We consider it a great privilege to have such amazing leaders join as they will be key assets to our growing team.”
The partners join an already impressive roster of advisors:
Colendi is a blockchain-based, decentralized credit evaluation and microcredit protocol, fully compatible with traditional banking requirements and financing methods. Using modern and fully secure evaluation methods, Colendi credit scoring serves as a bridge between lenders and borrowers, enabling the unbanked and underbanked to fully participate in the banking system through microfinancing. The Colendi solution works in real time and on a global scale.
For more information, visit www.colendi.com
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