1. To validate the engagement of the Cardano community with our project, we will create and evaluate the performance of two stake pools:
Deadline: 2 months from funding.
2. To be fully legally compliant we will be incorporating a SPV company in BVI to use the benefits of the Regulatory Sandbox.
Deadline: 3 months from funding
3. Our Cardano native token to give in exchange for the stake pool rewards.
Deadline: 6 months from funding.
Our company will invest 50% of the project's budget, we are applying at Catalyst for the community to help us fund the migration to Cardano, as this will be a good signal of engagement from the ADA holders. These are the disaggregated costs:
- Stake pool launch and operation for the initial 6 months: $12,240
- One dedicated Dev for the Cardano native token launch and operation for the initial 3 months: $12,000
- Servers and licenses: $1,000
- BVI Incorporation costs: $5,000
- BVI Sandbox Application Regime: $18,000
- AML/KYC Legal fees: $1,500
Total budget: $49,740
50% funds request: $24,870
Full-time leadership team:
- I am the CEO, before I was the Regional Manager of Cabify - the largest Uber regional competitor - & before I was a Consultant at McKinsey. [https://www.linkedin.com/in/chrobilliard/]
- Jose Manuel, our CTO, was Tech and Data Regional Lead for Cabify. [https://www.linkedin.com/in/thetex/]
- Jose Francisco, our COO, was Project Manager at Cabify and a former E&Y Consultant. [https://www.linkedin.com/in/jtimarchi/]
- Harinson Arrieta, our CGO, lead growth for MuniTienda, Helenas, & Picap. He has acquired more than 20 million users in his career. [https://www.linkedin.com/in/harrison-arrieta-montes-219a3077/]
- Matias Lopez-Therese, our CPO, is an experienced mobile apps operator & fundraiser. [https://www.linkedin.com/in/matiaslt/]
Who we are and our traction:
We are Kashin and, with our collaborative credit scoring, we are trusting that 45% of the population of emerging markets that today are financially marginalized and end up in informal lenders (loan sharks).
We have started with nano credits ($20-$200), then we will launch our wallet to facilitate payment everywhere without even onboarding merchants. Then we will guarantee rent, finance studies and why not even small vehicles, the sky's the limit. We can even facilitate our credit scoring to other Cardano dApps who can benefit from our credit scores, then unlimited possibilities can happen.
We've been Cardano advocates for a while, and MELD inspired us to leverage stake pools engagement for a higher purpose while making a good investment for ADA holders.
We currently operate in Peru with traditional loans, we are launching in Colombia in 2022-Q2, and Mexico in Q3. We will continue further progressively in other Latam countries. We are a regional team with people already located in each of our targeted countries.
We have developed all our core technology in-house (credit algorithm, backend & app for Android).
<u>In 11 months operating we have these results:</u>
- USD 200,000+ lent in 8,000+ loans from 1 to 10 weeks periods
- Take rate ~16%* and default rate ~8% (The system has 15% default and other micro-lending startups have defaults between 20% to 30%)
- 68 Net Promote Score points (Range: -100 to +100)
- 52% Ellis Product Market Fit Test (Above 40% = Strong PMF traction)
- Churn below 10% & ascending Net Revenue Retention Rate
Now we are preparing to open our stake pools and polishing legal requirements to launch our project in Cardano.
Mentors:
- Claire Diaz-Ortiz, Kleiner Perkins scout & Twiter founding team, Investor
- Sean Sadasivan, Senior PM of Credit Karma, Angel Investor
- Daniel Kahn, Global Open Finance Head and founding team of Plaid, Angel Investor
- Mariano Perez-Lozano, Chief Transformation Officer of Rappi, Angel Investor
- Thamim Ahmed, Head of London School of Economics Crypto Lab
Institutional backing:
- Unpopular Ventures
- First Check Ventures
- Newtopia VC
- Winnipeg Capital
Partnerships:
- We are on track to a long-term partnership with MELD to provide us liquidity from 2022 Q3 onwards. MELD successfully launched the first ISPO (Initial Stake Pool Offering), with over 270M ADA staked in their stake pools. - Vent is supporting us in the legal & tokenomics for our launch to market. We aim to give a clear utility purpose and create value for our token holders with the progress of our ecosystem
- @Zebra, the creator of <https://www.armadillo-pool.org/> will help us launch and operate our pools.
Our Android App:
We are the first "Loans" search result in the PlayStore in Peru. Find screenshots of our live app attached.
Our webpage:
Crypto web: <https://kashin.xyz>
Find our updated Litepaper attached
Newtopia VC Demoday Pitch:
https://www.youtube.com/watch?v=s0HgeEiYfrU&t=2856s
*Our protocol is set at 5% profit for sustainability, and we are working on automatizing interest rates for all our different user clusters.
