Access to financial services for the unbanked in emerging markets

About AirToken

AirToken is an Ethereum-based ERC-20 digital utility token that facilitates the transfer of mobile airtime, data and currency, as well as payments for goods and services, with minimal friction and fees. A peer-to-peer network connects lenders around the world to borrowers in developing countries using AirTokens (AIR).

A third of the world’s population is unbanked or underserved by traditional financial services

Over 2 billion people do not have bank accounts making it almost impossible to get access to financial services.

Source: World Bank Group

Access to financial services can be attributed to poverty—but it’s not the only reason.

Source: World Bank Group

Most of the world’s unbanked are in emerging markets in Asia, Africa, and Latin America.

Source: World Bank Group

There is an opportunity to provide lower-income individuals with mobile services, as smartphone prices have decreased since 2012.

Source: GSMA

Providing the unbanked with financial services has a $90 billion annual market potential, with more than 85% of the opportunity in Brazil, India, and Mexico alone.

Source: Accenture

A peer-to-peer network to connect lenders to borrowers using AirTokens

Roadmap

Android app launch in Brazil

  • Multiple payment and deposit options integrated
  • AirTokens gained from sponsored advertising
  • Microloans available for qualified users without needing traditional credit scores
  • Peer-to-peer money transfers
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Lending dApp launch

  • Know-your-customer and AML screening
  • Dashboard to track performance
  • Bundled loan products
  • Peer-to-peer loan matching

Additional app features

  • More integrations for purchases and deposits
  • Loyalty program
  • Financial education and advising

International expansion

  • Latin America, Asia, and Africa
  • Remittances
  • Underbanked in US and Europe

Expanded financial services

  • Savings accounts
  • Debit and/or credit cards
  • Improved credit scoring algorithms
  • Collateralized loans
  • Retirement accounts and lines-of-credit

Team

Airfox was founded in 2016 by ex-Googlers Victor Santos and Sara Choi. Airfox quickly established itself as the leader in affordable data plans for US-based prepaid wireless carriers. Incubated at Harvard’s Innovation Lab, Airfox is a TechStars Boston alum and venture backed by several leading organizations. In 2017, Airfox successfully completed an ICO supported by 2,500 people who believe in the mission.

Management

Victor Santos

Co-Founder, CEO

James Seibel

CTO

Emanuel Moecklin

Chief Software Architect

Christine To

VP of Business Operations

Andrew Wang

Director of Operations

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Investors

Advisors

Sara Choi

Co-Founder, Airfox

Jennifer Lum

Co-Founder, Forge.AI

Semyon Dukach

Managing Partner, One Way Ventures

Bob Mason

Co-Founder, Brightcove

Wan Li Zhu

VC, Fairhaven Capital

Amy Spurling

Former COO & CFO, Jana

Steven Lee

Former VP & CTO, Tremor Video

Ben Perry

SVP of Monetization, MocoSpace

Peter Kavounas

CCO, Cloud Strategix

Partnerships

New Alchemy

Blockchain Advisor

Goodwin Proctor

Legal Counsel

Press

AirToken (AIR) is available on the following exchanges

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