How to Monitor Movements Associated with Trade?
As a fintech with a novel idea, Monimove needed to get to market fast. Monimove, an innovative start-up with presence in the UK, USA, and the Middle East, had spotted a gap in the market. They call this “Credit Utilization.”
Fraud risk and disputes critically undermine development funding across the world. Whether you’re a bank, a government development agency, or a charity, you need confidence that the funds you provide will go to their intended purpose. Fear—that they might not—often prevents or delays investment.
These fears also adversely affect the fortunes of local SMEs, which lack the credentials to reassure lenders. Given that over 85 percent of businesses in these regions are SMEs, such concerns act as a considerable barrier to economic development.
Monimove’s vision was to use Blockchain to enable development agencies, governments, banks, charities, and corporate organizations to gain end-to-end visibility across trade relationships and supply chains.
Illustrating this with an example: