When Mario Jordan “Megellan: Fetalino was running a small health publication in the Philippines, he encountered a problem. Despite the high number of clients and high project rates the business barely made enough money. Fetalino wasn't alone. He realized that micro, small and medium enterprise were not being able to make profits at their truest capacities. This is where Acudeen was born.
What Is Acudeen?
Acudeen is a fintech company that partners with big corporations to streamlines their payment system. They pay invoices on behalf of the corporations so their suppliers don’t have to wait for an extended period to receive payment. They have helped over 400 small and medium sized entities in the Philippines to sell their movable assets like receivables for immediate liquidity ahead of the maturity date. “We’re literally providing financial inclusion in the business community in the Philippines,” Fetalino said.
But his vision extends beyond the borders of his home country.
Acudeen was founded in 2016 and has transacted over 2.4 million USD worth of receivables in 2017 and is expecting to hit 25 million USD by the end of 2018. Their team is of 50 people throughout South Asia with the headquarter in Singapore.
Acudeen is an already proven model as they have helped over 400 SMEs liquidate their receivables. They are launching in two additional markets in Southeast Asia by June 2018.
They have a great team with profound experience. They are sitting on a market which is estimated to be worth over $2 trillion USD. They have excellent token economics for long term value creation.
First, you have to crate an account on the site. You can keep uploading invoices with no restrictions. Receive cash as part of the benefits or as cash.
ACU token is a utility token which is built on the Steller Network. Hard cap of the fund generation process is US $35 million with a total token supply of 10 billion ACUs. Purchase can be done using Stellar(Lumens), Ethereum amd US dollar. Public Sale will utilize 55% of the tokens, team is 15%, future development of the platform will have a token utilisation of 25% and 5% will be distributed in the community. Price of an ACU is US $0.01 USD.
With the funds raised, Business development will require 10%, market expansion will be 30% of the market. Product and Tech development will be allocated 45% while operations and legal fees is 15%
The pre sale will be held till 8 April 2018 and 9 April 2018 public sale will start.
With their rapid growth in the Philippines and their recent entry in Myanmar, the company is now targeting the other Southeast Asian countries. Acudeen’s team hopes turn the company into a massive agent to provide access to financing micro business in the future. They have been approached by development organizations such as the International Finance Corporation to give insights into providing access to financing to micro and small enterprises. You can learn more about the product and their token on their website https://acudeen.com/ .