The Loda team is pleased to kick off the new year by deploying version one of our crypto-collateralized borrowing platform starting tomorrow, Tuesday, 11/01/22.
The core team has been working diligently building first of its type technology in this country with the software integrity being audited and passing with flying colours by leading firm Chainsulting in Germany.
In parallel we have also worked with legal and compliance teams, fraud, and AML specialists, and also built integrations with best in class third parties. It is fair to say that we are very happy to finally unveil the first iteration of the platform and more importantly start working with users to help them solve problems.
We are also pleased to welcome Michael Go as our RM. Michael has a long background in Banking and Financial Services internationally and brings strong governance, risk management, and due diligence oversight to our processes and business as a whole.
Initially, we will limit the loan sizes to be $2,500-$250,000 loans while we work through any initial teething issues. We will expand these thresholds in both directions in the coming months, once we are certain all processes are running smoothly.
Due to a lot of interest, and inquiry from the business community we are pleased to also announce that Loda will be offering business loans in addition to personal loans. This functionality will be ready by the end of the month, in addition to the personal loan flow which is ready now.
January is a transitionary time of the year, so I will keep this note brief. However, after a great period of stillness and recuperation over the break, we can’t wait to get to work and ride in an even bigger twenty22.
Feel free to reach out at any time to hello@loda.com.au and we look forward to working together in 2022.
If you would like to start borrowing or even just look at the application you can do so as Loda.finance
Dion Dalton-Bridges and the Loda team.
