Crowd Genie, a Singapore-based company, is holding their own ICO to create a tokenized platform that aims to make lending across borders possible through blockchain.
Paving The Way for a Business Loans Asset Exchange
Crowd Genie is a peer to peer lending platform that allows SMEs in Singapore to receive financing from multiple investors. This platform allows borrowers and investors to circumvent banks, minimizing the time and cost that are often a result of the bureaucratic structure of banks. The platform has been operational for over 18 months now, and in March 2017 the company was granted a dealing in securities license by the Monetary Authority of Singapore.