P2P Lender Crowd Genie adds cryptocurrency pioneer to advisory board ahead of ICO launch
Crowd Genie Financial Services, an operator of a Peer-to-Peer (P2P) lending platform licensed by the Monetary Authority of Singapore (MAS), is set to launch its Initial Coin Offering (ICO) next week.
The newly appointed advisors include cryptocurrency pioneer David Drake (Founder and Chairman of LDJ Capital), Peter Sehlin (Founding Partner of global angel fund True Global Ventures and founder of the Polarchain blockchain), as well as founders of AllCoinWiki, Anders Larsson and Joakim Holmer.
“As Crowd Genie’s ICO moves towards the launch of its public sale, we have seen strong interest from investors in Crowd Genie’s coins, which is a testament to the unique strengths of Crowd Genie, having a strong operational track record and growth vision,” said Akshay Mehra, Crowd Genie’s Founder and Chief Executive Officer.
An experienced consultant in new growth advisory, seed investing and start-ups for over 17 years, Mehra is optimistic that the decision to onboard Drake and the others is a significant endorsement to the Crowd Genie business, as well as the investment merits of Crowd Genie’s coins. “I am confident that the credibility, expertise and network they lend to Crowd Genie will make the ICO a success,” he adds.
A global pioneer in the cryptocurrency industry, and having written for more than 100 publications on innovative investing, Drake is also confident that the partnership with Crowd Genie will be a fruitful and rewarding one, “Over the years, I have witnessed the growth of the cryptocurrency industry and assessed numerous company profiles through their ICOs. Crowd Genie’s ICO has the competitive advantage of addressing a significantly huge market in P2P lending in Asia and having a positive operational track record of close to 20 months. This sets it apart from many ICOs.”
60 million Crowd Genie Coins are being offered for sale under its ICO, Crowd Genie is aiming for a soft cap of US$5 million at the end of its public sale on 28 February. Pre-sale of CGCOINs started in late November 2017. Upon completion, the CGCOIN will be listed on several coin exchanges.
Crowd Genie is a licensed and fully operational P2P lending platform that is focused on giving Small and Medium-sized Enterprises (SMEs) access to loans from individuals and companies instead of financial institutions, which require longer approval processes. It was granted a “Dealing in Securities” license by the MAS in March 2017 and is one of a limited number of P2P lenders in Singapore with this license. The platform has been operational for approximately 20 months. Crowd Genie has a track record of full repayments with no defaults since inception.
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