End to End Decentralized
Lending Platform
V1.0 Whitepaper
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End to End Decentralized Lending Platform………………..….3
Product & Service……..……………………………………………….…..4
How it works for Borrowers………………….………………………..5
How it works for Lenders…………………………….………………...5
Why Businesses use TienOi Enterprise…………….……………..6
Business Model………..…………………………………………………….7
Term Sheet…………………………………………………………………….8
Fundraising Description…….……………………………………….…..8
Additional Terms………..…………………………………………………..9
Use of Proceeds……………………..…………………………………….10
Investor Perks…………………....……………………………………….…11
Market Landscape………………………………………………………..12
End to End Decentralized Lending Platform
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For financial institutions, businesses, and individuals to invest in the small amount loan market
TienOi is a lending platform that facilitates lending by connecting people looking to borrow money with financial institutions, lending businesses, and individual lenders. TienOi addresses two huge gaps in the market - limited options for small amount borrowing and limited short-term investing options that offer high returns
Product & Service
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The process of obtaining and funding small-dollar amount loans has been dreadfully needing a modern solution for decades. The lack of real-time data and endless manpower needed to process paperwork has resulted in unnecessary costs to lenders, and these costs have been transferred to consumers via high fees and interest. The current solutions don’t provide data to measure/identify the risk profile for these borrowers.
TienOi uses technology to cut down on these unnecessary costs while providing immediate free access to thousands of borrowers looking for loans. TienOi provides lenders with data to make an informed investment decision, this includes credit report data, history, as well as aggregated income and expenses from the last 90 days pulled from the borrower’s primary bank account.
Users remain completely anonymous throughout the entire borrowing/lending process. For transparency and to encourage a fair and competitive market, the “feed” tab within the app allows users to see which loans are being funded and at what interest rate
For individual users, we currently have a consumer app available on the Apple App Store as Well as on Google Play
For financial institutions, we have recently launched TienOi Enterprise, a digital end-to-end solution designed to make investing in the small amount loan market
How it works for Borrowers
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Borrowers choose their payback term and ultimately they decide whether or not to accept an interest rate that has been offered. Borrowers have the opportunity to have multiple lenders compete to fund their loan. The process is completely digital - no need to do any paperwork or go to banks or lending institutions.
How it works for Lenders
Lenders do not have to pay any fees to use the platform. Lenders can leverage TienOi to diversify their portfolio in a market with low volatility. Lenders can easily choose investments that suit their risk profile and offer corresponding interest rates
Why businesses use
TienOi Enterprise ?
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No lending costs - we manage the time-consuming administrative tasks
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No acquisition costs - TienOi acquires borrowers on behalf of lenders
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All data in one place - Save time and money for a huge data integration cost. TienOi provides you with the data you need when you need it
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Automated collections - TienOi connects directly to borrowers’ bank accounts and transfers payments
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Simplified underwriting - Lenders can easily filter the criteria and set their underwriting rules that fit their investment strategy and make an offer.
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Centralized, easily accessible data - lenders only pay for the data they need
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Safe and secure - TienOi uses machine learning and the latest identity verification technology to authenticate borrowers
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Business Model
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TienOi charges borrowers on our platform 1% of the loan principal or a minimum of $3 regardless of interest rate and payback period. The fee and borrowed amounts are included in the borrower's loan request and covered in their payments.
TienOi Enterprise, our business solution for financial institutions and lending businesses, charges the same 1% of the loan principal or a minimum of $3 per loan to borrowers. TienOi enterprise allows companies to setup their first account and user without incurring any cost and charges $89.99/user/month for any additional user/employee added to the company’s account.
We have plans for new data partnerships and other monetization opportunities such as integration with existing and alternative data service providers and scoring models. This will create new monetization opportunities and create more significant opportunities for revenue to the investors on our platform.
Term Sheet
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Fundraising Description
Round type | Seed |
Round size | 2,100,000 USD |
Raised to date | 21,000 USD |
Minimum investment | 50 USD |
Target Minimum | 500,000 USD |
Key Terms
Security Type | Preferred Equity |
Share price | 0.3 USD |
Pre-money valuation | 10,000,000 USD |
Option Pool | 15% |
Liquidation preference | 1.0x |
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Additional Terms
Custody of Shares | Investors who invest $50,000 or less will have their securities held in trust with a Custodian that will serve as a single shareholder of record. These investors will be subject to the Custodian’s Account Agreement, including the electronic delivery of all required information. |
Investment Proxy Agreement | Investors who invest $50,000 or less will be subject to an Investment Proxy Agreement (“IPA”). The IPA will authorize an investment Manager to act as representative for each non-Major Purchaser and take certain actions for their benefit and on their behalf. |
Closing conditions | TienOi has set an overall target minimum of US $500,000 for the round with maximum 100 investors participated. |
Regulation CF cap | TienOi is offering US $2,100,000 worth of securities in its Seed for 100 investors. |
Transfer restrictions | During 3 years since the date of purchase, investors can only transfer their securities to other shareholders. If they want to transfer to new investors, they must be approved by shareholders. In the case of disapproving, investors have the right to request shareholders buy their securities |
Use of Proceeds
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Investor Perks
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Early Bird TienOi: Buy by February 1st, 2020 - February 15th,2020 an amount of 116,000,000 eVND to get bonus of 11,600,000 eVND to invest in our platform.
Perks (After February 15th, 2020):
58,000,000 eVND - 115,976,800 eVND
Get bonus of 2,320,000 eVND to invest in our platform
168,000,000 eVND - 231,976,800 eVND
Get bonus of 4,640,000 eVND to invest in our platform
232,000,000 eVND - 1,159,976,800 eVND
Get bonus of 11,600,000 eVND to invest in our platform
1,165,000,000 eVND+
Get bonus of 34,800,000 eVND to invest in our platform.
VIP Experience TienOi
Buy more than 2,320,000,000 eVND and get bonus of 116,000,000 eVND to invest in our platform + Invitation to a private founder dinner + In-person meeting or video call with TienOi's executive team.
Description of Benefits:
eVND: eVND will be transferred to registered investors TienOi account once the round is closed. TienOi will reach out to each investor with instructions on how to utilize deposited credit. eVNDs can be used to fund loans through our platform. Private Founder Dinner: Qualified investors for Founder dinner will be invited to a dinner with the founders and other investors in Hanoi, Saigon and Danang,etc...
It is advised that you consult a tax professional to fully understand any potential tax implications of receiving investor perks before making an investment.
Market Landscape
The unsecured personal loan market hit an all-time high in 2018, surging 17 percent year over year to $138 billion, according to data from TransUnion.
Marketplace lending platforms are changing the way individual consumers and small businesses shop for loans, by combining big data with innovative financial tools. These new lenders offer new anti-fraud mechanisms and sophisticated credit models that are attractive to borrowers and investors alike.
According to a report by PwC, 56% of banking CEOs are concerned about the threat of new entrants in the lending industry, and 81% are worried about the speed of technological change
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