Through LendLedger's open network, a Lender - Lender - Lenders originate loans using credit data made available by Data Providers. Lenders sign loan contracts with Borrowers and disburse loans to them. can connect to data on prospective Borrowers - Borrowers - Borrowers acquire their personal or business credit data from Data Providers. Identify loan offers from Lenders and apply for and receive loans. and make loans. A Data Provider - Data Provider - Data Providers provide credit data they accumulate on households and businesses to Lenders and Borrowers. can monetize data and unlock financing for business partners or customers. And service providers such as an Identity Verifier - Identity Verifier - Identity Verifiers contract with Lenders to provide verification of Borrowers’ KYC data. or Credit Evaluator - Credit Evaluator - Credit Evaluators provide loan decision recommendations based on loan applications shared by Lenders. can do business with Lenders.
LendLedger is working with partners and prospective users to source data and connect Lenders in India, Indonesia, Kenya, Myanmar, Nigeria, the Philippines, Singapore, the US, and Vietnam. Contact us to learn more or to kickstart a partnership in a different market.
This screenshot shows business data being offered by Data Providers -- such as payment networks, distributors, and e-commerce platforms -- to Lenders. The Data Providers referenced already use LendLedger process APIs to connect to a Lender in India, Happy Loans.
Lender view of indicative data provider offerings
Here's why these participants are joining the LendLedger network.
Originate more loans
Improve credit decisions
Reduce lending costs
Higher returns on data
Single integration to lenders
Ethical monetization process
Greater access to credit
Lower cost of borrowing
Control over credit data
(i.e. Credit Evaluator, Identity Verifier etc.)
Direct access to lender clients
Pricing power from public reputation
The LendLedger decentralized network operates through the following five components:
Open APIs are the "pipes" through which Lenders, Borrowers, Data Providers and all other participants in the network share data and transact. Learn more
LOANtokens - LOANtokens - LOANtokens are LendLedger’s digital asset. When staked by a Credit Node, they release LedgerCredit. , when escrowed in a special smart contract, release LedgerCredits - LedgerCredits - LedgerCredit is the protocol’s internal accounting unit. It is denominated in terms of government-issued (fiat) currency and acts as an IOU on the part of the issuer. , the internal, on-chain accounting unit used to record all transactions. Learn more
Credit Nodes are entities that specialize in creating LedgerCredits - LedgerCredits - LedgerCredit is the protocol’s internal accounting unit. It is denominated in terms of government-issued (fiat) currency and acts as an IOU on the part of the issuer. by escrowing LOANtokens - LOANtokens - LOANtokens are LendLedger’s digital asset. When staked by a Credit Node, they release LedgerCredit. . They alone bear all risk related to token price volatility. Learn more
For billions of people and enterprises, local lending markets are inefficient and under-developed. Often, this is because Lenders, Borrowers, data sources, and other service providers are not well connected -- they cannot easily find each other, exchange information and transact freely. Centralized intermediaries can help, but add inefficiency and restrict who can join.
This video explains how connecting Lenders with untapped data sources through an open network can help solve the global, multi-trillion dollar credit deficit that small businesses face.
Learn how financial institutions and others can take advantage of LendLedger's open, decentralized network.
|Ways to participate|