Project Stage
Category
Based in
Team size
Active since
H3 International investments
H3 Lending Business
H3 Financial structure
We make money from two sources:
We have already founded a fintech and worked in banking for many years. We recognized that the market offered a tremendous opportunity. It is estimated that 70% of all SMBs in Latam lack adequate access to financial services. The number of entrepreneurs who can receive formal financing to start their business is only 5%, and in the case of women, it is only 2%.
Our goal is to provide traditional companies with the ability to provide credit to their customers without having to rely on banks. This will enable us to expand our network of credit for SMBs.
Millions of dollars have stagnated in crypto investments, and a lot of these investors are seeking ways to secure these funds. Thus, we are offering international investment opportunities as fixed-term deposits and using these funds to provide loans to small and medium-sized businesses in emerging markets.
We are fighting the huge SMB's illiquidity by providing financial structure for traditional companies, and direct loans to SMBs, that we are financing with international blockchain investments. This is a 60 billion dollar market Our revenue comes by licensing our financial structure to corporations, and by interest generated on direct lending. We have already attended our first corporate client with $50K in revenue and have a loan waitlist for more than $1 million and we haven’t launch yet.
Francisco Merchan (Francisco Merchan #0517)
Cofounder and CEO, a former banking process innovation manager, who founded two previous startups.
LinkedIn: https://www.linkedin.com/in/franciscomerchanmartinez/
Twitter:https://twitter.com/pacmerchan
Ludwig Pucha Cofrep
CTO and cofounder, DeFi and blockchain enthusiast, who already founded a profitable lending fintech startup in Ecuador.
LinkedIn: https://www.linkedin.com/in/profesorec/
Twitter: https://twitter.com/profesor_ec
YouTube: https://www.youtube.com/c/LudwigPC
The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on December 5, 2022 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.
*The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on July 5th as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
**The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on December 16, 2021 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
*The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on September 27, 2021 as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
* The USD valuation of the award in XLM is calculated using the CF Stellar Lumens-Dollar Settlement Price on the date of transfer as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR)
*This budget request has not been fully awarded to the project. The USD valuation of the budget request in XLM will be calculated using the CF Stellar Lumens-Dollar Settlement Price on day of payment as administered, maintained, and reported by the cryptocurrency index provider CF Benchmarks Ltd. (using the ticker “XLMUSD_RR”) (available at https://www.cfbenchmarks.com/indices/XLMUSD_RR). Learn more in the SCF Handbook.