In mid February we presented Bitbond at FinovateEurope 2015 in London. In our demo we showcased AutoInvest. This is a new opt-in feature for lenders that will create a diversified portfolio of loans according to the lender’s preferences. AutoInvest will go live in the next days. The following demo video will give you a sneak preview on how it works.
Bitbond showcases AutoInvest at Finovate
The great thing about AutoInvest is that it saves you a lot of time. As a lender you won’t have to go through all the listing anymore. You also won’t have to check back so frequently to see whether there are new loans that match your investment criteria. Once AutoInvest is defined, it does all of this for you. We will publish a more comprehensive – manual like – blog post once AutoInvest is live in the next days. For now, enjoy the video!
Reactions to our demo
We’ve also had some encouraging reactions at Finovate. Jim Bruene, who is no less than the founder of Finovate said:
— Jim Bruene (@netbanker) February 10, 2015
We also liked this tweet 🙂
— Patrick Bucquet (@pbucquet) February 10, 2015
Besides numerous positive tweets, some well known researchers and media outlets covered Bitbond in the course of the event. Thank you for these encouraging responses!
New opportunities in SME lending
During our presence at Finovate we were approached by Matt Gamser from the International Finance Corporation (IFC). The IFC is one of the organizations that make up the World Bank. IFC recently launched a so called SME Finance Forum and invited us to present at their London based event “Harnessing Innovation for Financial Inclusion”.
We were happy to accept this invitation and presented before an interested audience. The SME Finance Forum runs has a comprehensive database which highlights the size of of the global finance gap in SME lending.
At the same time the SME Finance Forum works on closing the credit gap. It provides credit to MSMEs (micro, small and medium sized enterprises) either directly or through partners it cooperates with. A goal that is clearly also on Bitbond’s agenda. Therefore it was great to exchange ideas, experiences and to talk to potential partners.
The SME Finance Forum event was also a great opportunity to present the potential that is behind bitcoin to solve many of the pressing problems in developing and emerging markets. Most of these problems come down to remittances, access and availability to credit.
This exchange of ideas and experiences would not have happened without Finovate. So our conclusion is that it was a more than worthwhile event.