Blockchain Credit Marketplace
Based on AI Scoring

Private sale is live

$1.5M is raised

days 33 hours 04 min 37

50% Soft Cap is reached!

7Seconds

7Seconds is a fully operational credit marketplace that allows a borrower to instantly choose a loan with the best terms and interest rate. Loans are provided by partner banks within the 7Seconds ecosystem. The company actively uses artificial intelligence (AI) and neural networking technologies.

Problem

High interest rates charged by banks on loans hamper development of trade, economy, culture, and education across the globe. Banks do it to hedge against risks. An inefficient scoring system pushes up interest rates.

Solution

7Seconds takes on the task of purchasing information on borrowers from credit history bureaus (CHB) and entering it into a distributed ledger on the platform. The use of blockchain rules out the possibility of meddling with the ledger by 7Seconds or other participants of the ecosystem, making the information relevant, valuable and trustworthy for all financial institutions. This will significantly reduce banks' spending on scoring.

How 7Seconds works

7Seconds is the first blockchain credit marketplace based on AI scoring, which helps lenders and borrowers get the best deals.

Working Business

When a customer applies for a loan on the 7Seconds platform, the application is forwarded to partner lenders.

Every lender makes an offer to the customer, who then chooses an offer with the best terms and lowest interest rate.

Risk Management Program Based on CRET Token

When a loan is issued to a customer, a certain number of CRET tokens is reserved for him/her.

If the customer pays off the loans in full, also complying with all loan conditions, the tokens are transferred to him/her as a reward.

If the loan conditions are not met, the tokens are sent to the lender, which issued the loan, as to partially compensate its losses.

Blockchain solution

7Seconds' blockchain solution on R3 Corda platform will allow lenders to substantially reduce costs of borrowers' credit record information.

Previously

Every lender paid for credit record information on a customer regardless of whether it issued a loan to the customer or not. If no loan was issued, the funds were just wasted.

Now

7Seconds collects data and provides it to all participants of the ecosystem on the immutable blockchain. All participant see the same information, which rules out manipulations with data. The collected data is paid for by the lender issuing a loan. The other participants incur no costs.

Factors affecting value of CRET token

Growth of POS Market

Growth of POS⁄installment segment – av. 30% ⁄ year
Working Business

Growth of 7Seconds' working business.
Risk Management Program

Demand from the risk management program (distribution of tokens to banks and customers).20% from operating revenue may be directed to replenishing reserves of CRET tokens for the risk management program.
Popularization of CRET token

Distribution of tokens to mass market of POS loans.
Holding period

Platform users will only be able to spend their tokens upon fulfillment of their loan conditions. The average loan period is one year.

Promising market

In 2019, global online trading is estimated to reach $3.578 trillion or 12.8% of all sales. The world market of m-commerce (sales over mobile devices) is growing by 40% a year and by 2019 it is forecast to reach $1.357 trillion. The market for online POS loans and installment sales is growing by 30% a year.
Strong team

7Seconds employs professionals with 20 years of experience in banking and investment, more than 20 years of experience in retail, over 10 years in data analysis, machine learning, architecture and IT development.
Operational business

7Seconds is a working credit marketplace for online POS loans. Over the year since the development, testing and launch of 7Seconds platform, it has been chosen by many international online stores and banks.

Strategic partner banks

Strategic partner stores

Geographic expansion

The 7Seconds business model is based on commission from every deal initiated on the platform, which works in an automatic mode. Every new market we join is capable of generating profits quickly. So, the business model is easily scalable and new integration happens within just a few weeks.