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Colendi - NOAH19 Berlin

Blockchain-Powered Businesses: Company presentation by Bulent Tekmen, Colendi at the NOAH Conference Berlin 2019, 13-14 June, STATION.

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Colendi - NOAH19 Berlin

  1. 1. 2019
  2. 2.  @NOAHConference  @noah_conference  @noah-conference  @NOAHConference FOLLOW USONSOCIAL
  3. 3. Limited access If you don’t have a bank account, you cannot have a credit score and cannot access financing. Even for people with credit scores, only about half of them were able to access financing in the past 12 months. Inadequate assessment Credit risk assessment systems fail to deploy an accurate assessment of creditworthiness They are mostly dependent on banking credit history and neglecting extensive user behavioral data. No transparency How is your score calculated? Central scoring systems are not transparent about the set of rules defined in their credit scoring mechanism, causing a lack of trust in the scoring system. “2.93”billion people The Problem 53%of the world’s adults have no access to financial instruments. Unlike other unsecured centralized alternatives such as Equifax Colendi offers decentralized credit scoring protocol and micro credit platform on secure blockchain technology
  4. 4. Source: McKinsey research https://www.mckinsey.com/industries/financial-services/our-insights/counting-the-worlds-unbanked 26-50% v 0-25 % z 51-75% v 76-100% v Latin America 250 million adults 65% High income OECD countries 60 million adults 8% Central Asia & Eastern Europe 193 million adults 49% East Asia
 Southeast Asia 876 million adults 59% SouthAsia 612 million adults 58%Middle East 136 million adults 67% Sub-Saharan Africa 326 million adults 80% 2.5 billion unbanked 72% of population is ‘not credible’ According to World Bank statistics, 2.45 billion people in the world are unbanked, while over 975 million of the current banked population is not eligible for credit which means 3.42 billion people (72% of the world adult population) is defined as ‘not credible’. Over 70% of the underdeveloped part of the world has no access to credit and almost 60% of global population demands increase in credit usages. Expensive, non-digital and insecure traditional methods are being used at the moment to meet the financial needs.
  5. 5. By simply using our app, users can create their Colendi ID and get Colendi Score to join the Colendi network and access microcredits, p2p financing and installment shopping. The Solution Decentralized Credit Score to make finance accessible for everyone. FINANCIAL PASSPORT 82 SCORE Colendi ID & Credit Score Colendi is a decentralized self sovereign identity and credit scoring protocol on Ethereum blockchain. Through it’s scoring algorithms, Colendi renders smartphone and social media data together with other integrated data to compile a unique credit score for each user that will serve as a financial passport. v 820
  6. 6. Colendi App | Colendi Card • Sign up • Get your ID and Colendi Score • Find Colendi network merchants • Scan QR to access credit • See your shopping credit details • Confirm & purchase • Repay and improve your score Installment shopping & Micro-finance
  7. 7. Use cases for global financial transformation Installment Shopping Digital conversion for the most traditional shopping and payment methods. Microcredit Microcredits made available by lenders based on the unbiased credit score for users. P2P Finance Credibility assessment for p2p financing with user permission to scorecard sharing. Reliability Measure A global score to serve as a benchmark for any app, service or business.
  8. 8. Usage Areas of Colendi
  9. 9. z Phase IV - Global coverage v Phase III - Expansion Phase II - Unbanked region growth Phase I - Business model setup v v Total addressable market of 4 billion transactions estimated in the world for three different use cases according to McKinsey Report: - POS Financing - Trustworthiness - Financial Decisions Expansion A global score and network to access finance Total Addressable Market ~ 4 billion trx
  10. 10. 1. Character 2. Capacity 3. Capital 4. Collateral 5. Conditions With Colendi Score, we primarily predict the financial characteristics and loan repayment capacities of the people with machine learning (ML) algorithms and create credit scores with high accuracy. 5C’s of Credit
  11. 11. POC - Alpha Testing Colendi was found in 2016 developed its scoring algorithm and technology. Launched the alpha product with Koctas, a Kingfisher company (home improvement retailer in Turkey for POC). Early Adaptors • Turkcell, Telco Operator, +35M user • Limak, Energy Distributer, +4M households • PTT, Post Office of Turkey, +10M unbanked users • SambaPos, Restaurant POS, +300.000 merchants Signed Contracts +10 contracts signed globally with different brands • Kudi (payment company) from Nigeria • Enigma (technology company) from US • ininal (payment company) from Turkey Partners & Early Adaptors Retail chain covering 15 Million customers. Energy provider for 4 Million households. Restaurant POS system active in +300k merchants and 195 countries. Digital payment solutions, +35 million users in Turkey. Post Office of Turkey, providing payment services to +10 Million unbanked.
  12. 12. Limak Wallet Application Limak Energy has more than 4 million households in Turkey. App Features: • Bill payment on Limak Wallet • Colendi Score Integration • Limak Pre-paid Card • Installment Shopping
  13. 13. ROAD MAP 2016 Team Formation Start R&D on credit scoring 2017 Whitepaper released First +1 mio user scored 2018 Q1 First Colendi scored credits are given on contracted merchant 2018 Q2 Alpha product is launched to early adopters 2018 Q3 Technical Paper and Token Paper are released 2018 Q4 Public launch of decentralized Alpha product 2019 Q1 Start of Beta Program and tests of Colendi mobile ÐApps 2019 Q3 Launch of microcredit platform Colendi Token (COD) will be launched on mainnet 2019 Q2 Open sourcing smart contracts 2019 Q4 Expansion of global partnerships The opening of Developer Portal 2020 Increasing the number of offices globally
  14. 14. What We’ve Done So Far Colendi ÐApps Limak Wallet Koçtaş Scoring

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