L-Pesa Microfinance is a fintech startup poised to take advantage of the fast-growing need for financial services in the developing world. The company has validated its operating model over the past 24 months and has built sophisticated technology, automating most of the operation. Its primary barrier to growth at this point is its ability to fund user acquisition and loans. The loss ratio on loans runs below 10% while return on loans is approximately 25%. extremely scalable on-demand cloud computing platform which has been or is used by major brands such as Netflix, Airbnb, Pinterest, and Spotify. L-Pesa has integrated a number of third party applications to perform tasks such as SMS messaging, user verification, and marketing. Funds transfers are handled via integrations with mobile money service providers such as M-Pesa, Airtel Money, Tigo Pesa, and MTN.
Vision of L-Pesa
Our vision is to improve people’s lives through efficient access to credit and related financial services. North America, Western Europe, and a few other parts of the world have seen enormous increases in the standard of living over the past two hundred years. Using the simplest measure of standard of living, the Gross Domestic Product (GDP), enormous increases can be seen in what we now refer to as 832754982.1 9 the developed world. For example, from 1820 to 1998, GDP (adjusted for inflation) in the U.S. increased by a factor of 21.7. Western Europe saw increases ranging from a factor of 11 for the United Kingdom to a factor of 23.5 for Finland (Source: EH.net, table 4). Although the increase in national wealth has not been equally distributed, it is clear that the increases in the standard of living for everyone has been enormous.
Token Launch Summary
Token name: KRIPTON
Token ticker: LPK
Token owner: L-P Kripton ltd., Suite 2B, 143 Main Street, Gibraltar GX111AA.
Company Number: 116865
REID Number: GICO.116865-49
Token type: Ethereum ERC20
Total tokens issued: Maximum total of 2,600,000,000 . Final number of tokens created will be calculated according to final amount of contributions.
The final number will be published by the end of the ICO.
Mining: There shall be no mining or other means to increase the token amount, save a second ICO in the future.
Bonus: During the private and pre-sale term, participants will be eligible for the following bonuses:
Number of days–Bonus—- Price—–Min ETH Contribution—-Tokens Allocation
Pre-sale –17 days-start March 18, 15:00GMT—50% —0.04 —0.5— 160,000,000-
Public sale –30 days-start April 18,15:00 GMT –0% ———-0.04 ———-0.25—1,350,000,000
Pre-sale starts March 18, 2018 / 15:00 GMT
ICO starts April 10, 2018 / 15:00 GMT
ICO ends May 10, 2018
LPK Tokens distribution
Total tokens sale 2,600,000,000
Total Tokens Sale 58% (of all tokens created)
Management and Team 15%
Bounties and Referrals 1%
Business Development 16%
Token price: 1 ETH = 17,500 LPK
Token lock up period: Until end of ICO.
Token activation: One day after the finish of the ICO
2014-2015 – Pre-launch
After years of planning, Ron Ezra Tuval founded L-Pesa in January 2014. At
the outset, the strategy of the business was informed by Ron’s decades-long
work in technologies related agriculture in developing countries.
Since forming the business, Mr. Tuval has invested approximately $500,000
into the operation of the business. Ron currently owns 100% of L-Pesa.
During 2014 and 2015, L-Pesa was focused on building and testing its
systems, conducting market research, and initial user acquisition. In 2016,
the business was launched in Tanzania and the first loans were made.
2016-2017 – Operations in Tanzania and Kenya
Since the 2016 initial launch, L-Pesa has experienced very strong growth on
a very limited budget. All earnings have been re-invested in the business
and expenses have been held to a minimum.
In the third quarter of 2017, L-Pesa launched in Kenya. Demand has been
very strong, and a large number of users have registered. Soft launches are
underway in India and Uganda.
In 2018 and beyond, L-Pesa intends to focus on growing in Africa, the Indian
subcontinent, Central America, and Southeast Asia. These 4 regions contain
billions of people that meet the targeting criteria for L-Pesa users.
2019 and beyond
L-Pesa plans to launch in new countries following a detailed review of the
legal and compliance environment, as well as the availability of partners for
payment processing. By the end of 2020, L-Pesa’s financial projections
indicate that the company will be operating in ten countries or regions.
Some Important Links of L-Pesa