LIMITED OFFER
  • Premium package for the whole period ICO
  • Order now and get a week of placement on the TOP Banner
1.0 ETH
Cryptocurrency Finance Business services Banking Banking & Payments Core Tech Technology

Fiinu

Ended
Ended: Dec 9, 2017

A fully licensed UK bank, bridging the gap between traditional banking and the blockchain-based industries, currently undergoing the Bank of England’s authorisation process.

Blockchain-friendly British Bank

A bank built around cryptocurrency and blockchains.

Fiinu will become a bank utilising new technologies to provide better banking services for those who are currently under-served. Users of crypto-currency will benefit from a single account for both sterling and crypto-currency use, and will be able to drawdown crypto-currencies into sterling (and other currencies) for a fraction of the current market rate. Additionally, customers currently being under-served by the incumbent bank’s archaic credit rating system will finally be able to access services designed to lower the cost of banking and improve the quality of financial products.

FNU represents the right to receive a part of Fiinu Ltd. profits, that is transferred to an Ethereum wallet and then redistributed to all FNU holders according to their stakes on the pay-out date.

Blockchain-Friendly British Bank

Fiinu is undergoing authorisation processes with the Bank of England to become a fully licenced bank by Q3/2018.

Website

fiinu.com

Not Verified

How to verify ICO?

Share this ICO

Intro Video

ICO Details

Ticker Symbol:
FNU
Platform
Ethereum (ERC20)
Accepts:
ETH
Soft Cap:
20,000 ETH
Hard Cap:
400,000 ETH
Country:
UK
Total supply
440,000 FNU

Public Crowdsale

Ended
Date Sale:
Oct 9, 2017 — Dec 9, 2017 @ 61 days

ICO Overview

Fiinu is undergoing authorisation processes with the Bank of England to become a fully licenced bank by Q3/2018.

About Fiinu Fiinu's founders have worked together for nearly ten years and their successes include building and managing a UK-based FinTech company that has lent and recovered over 4.5 million overdraft-style loans with a trade value exceeding £1 billion. Under their management, at its height, the company would have been in the Top 10 of the Deloitte Technology Fast 500 fastest growing technology companies in the world with nearly 35,000% revenue growth over a five-year period. Fiinu's core team has gone through the full UK-bank licence authorisation process once before, for a well-established family office, and have built a digital banking platform from scratch. Combined, they have a wide range of dedicated skills, experience and understanding of what it takes to earn a UK-bank licence. Fiinu's leadership team has an extensive experience in financial services, and well-developed regulatory know-how developing and designing risk management frameworks, strategies and managing regulated financial services companies. They also have practical experience in carrying out the stress tests and implementing Basel III, ICAAP, ILAAP, RRP and related risk governance, risk appetite and capital management policies. With technology at the heart of Fiinu and no legacy systems or expensive brick and mortar branches on the high street, the bank can deliver the latest technology innovations, which live on your phone. Fiinu is currently undergoing a full bank licence authorisation process with the Bank of England regulators, the Prudential Regulation Authority and the Financial Conduct Authority and has been developing and testing its smart credit products since the beginning of the year. Features Digital Asset Marketplace Fiinu will form alliances and strategic partnerships with the leading digital asset exchanges. Using APIs to integrate best-in-class services from across the market, Fiinu will provide its customers with direct in-app access to the world's most active digital asset exchanges, and will enable them to trade bitcoin and other digital assets just as securely, easily and flexibly as traditional assets classes. This arrangement also benefits the exchange, as all customers with linked accounts can execute near-instant transactions in the national currency to and from their Fiinu account to a digital asset exchange. Blockchain-Based Settlements In addition to traditional payment schemes (Faster Payments Service, Bacs, CHAPS, SEPA & SWIFT), Fiinu is committed to join at least one large blockchain-based settlement network that allows the most efficient mechanism to process and settle payments, enabling Fiinu's customers access to alternative, low-cost remittance options. Digital-Asset-Backed Credit Fiinu's customers can take out a loan denominated and repaid in the national currency that is collateralised by their digital assets, without having to liquidate the digital holdings. Initially the bank will accept FNU, BTC and ETH and is expecting to add other popular digital assets in the future. This gives Fiinu's customers with digital assets (which are not consistently recognised by traditional lenders) access to capital-on-demand to cover their daily Fiat-money expenses while maintaining their long position in a chosen asset as well as help plan tax-events. Throughout the loan lifecycle, Fiinu will monitor the value of the underlying collateral and keeps it securely stored in smart contract architecture. Personal Current Account (PCA) + Bank Independent Overdraft (BIO) Fiinu PCA's come with BIO features, enabling all customers to set up a "safety net" for their current accounts in any other bank to avoid paying high Unarranged Overdraft and Unpaid Item fees and have quick access to a credit line to cover any emergency expenses. Fiinu is committed to handle digital asset related transactions as if it is any other traditional asset class broker transaction, without additional scrutiny, to avoid forcing its customers to invent workaround solutions to access their financial wealth.

Telegram members

Hype ICO Stats

News & Media

The Fiinu pre-ICO Is Open For Investors

Oct 9, 2017, 11:41:12 AM

Team

Jeegnasha Rawal
Non-Executive Director
Katrina Arnold
Non-Executive Director
Suleyman Ciplak
Senior Software Developer
Mahir Sertkaya
Senior Software Architect
Juri Andrusik
Co-Founder & DBA
Andy Briscoe
Chairman
David Hopton
Non-Executive Director
Rommel Tinoco
Head of DevOps
Indrek Pari
Co-Founder & CTO
Ragnar Eisler
Co-Founder & Head of Credit
Gokhan Yavuz
Product Owner
Marko Sjoblom
CEO, Co-Founder
Albert Owen
Head of Operations

How to verify ICO

To get a verified status, you need to place a our logo with the link on your ICO's website and make an announcement of the listing in your social network accounts.

Have you found any errors or inaccuracies? Please, let us know . Are you the representative of the ICO? We a variety of offers for cooperation.

Other Interesting ICOs

Ongoing
Ubex

ubex.com

Ubex project is a global, decentralized exchange of programmatic advertising based on neural networks and smart contracts. The mission of Ubex is to create...

Ongoing
Quantocoin

quantocoin.io

Quantocoin has developed a next-generation model for the future of financial services and digital banking. This model uses Blockchain technology along with...

Ongoing
BeANKH

ankhlabs.io

BeANKH is a blockchain based platform, utilizing the power of smart contract and artificial intelligence algorithms to create a person’s digital analogue by...

Ongoing
AGATE

www.agatechain.org

Agate is the world most comprehensive decentralized blockchain platform for instant payment without volatility risk to mainstream crypto adoption.

Ongoing
Tradetex

tradetex.io

Tradetex Exchange a commision-free crypto exchange with its own native token TDX. TDX is the native currency of the Shocked TradeTex Exchange in which all...

TBA
WeBuy

wby.io

On-demand Platform for Buyers and Sellers on the Blockchain. WeBuy is an innovative, decentralized economy, reinventing the relationship between Buyers and...

Ongoing
Miner Edge

www.mineredge.io

Miner Edge is a strategized, diversified and crowdfunded mining facility. We are building world's largest crowdfunded diverse portfolio cryptocurrency...

TBA
XMaterials

xmat.io

A combination of patent-pending technology, AI-generated recipes and machine-learning robots have given birth to the next generation of building materials....