Deploying $100 Million: How Helio Lending Will Use KYC-Chain To Identify Customers

KYCChain  Helio

Melbourne, May 22, 2019 (Issuewire.com) – Helio Lending is delighted to announce that the recently launched lending platform will be using KYC-Chain’s state of the art compliance solution to onboard customers. Helio Lending’s blockchain platform allows people from around the world to access cryptocurrency-backed loans. Impressively, Helio Lending is one of the few in the space that operates under the supervision of the regulator.

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Helio Lending’s simple borrower application and same day approval are game-changers for the industry and unsurprisingly Helio Lending has emerged ahead of the pack. After going through an intuitive onboarding flow, aided by KYC-Chain, borrowers can use Bitcoin, Ethereum, Ripple, or Litecoin as collateral for their loans of up to 12 months. Importantly, the collateral wallets are insured, meaning that customer funds are protected at all times.

Once the application is approved, borrowers receive the fiat amount deposited straight into their bank account. Then a direct debit is set up, automating the repayment process and allowing borrowers to live their lives.

Helio Lending has $100m USD of loan funds available, and are ready to lend internationally. KYC-Chain’s customer onboarding solution will be crucial in identifying and processing applications from all over the globe.

Managing Director and Founder John O’Shea said: “KYC-Chain have a great team and lots of IT Support that made integrating their solution very easy.” Going on to say: “Working with global companies such as KYC-Chain has enabled Helio Lending to streamline our client onboarding process.”

KYC-Chain Founder Edmund Lowell stated: “Helio Lending is at the forefront of an exciting new movement. Cryptocurrency-backed loans are one of the best use-cases for digital tokens and we are delighted to be working with the industry’s most exciting player.”

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About Helio Lending

Helio Lending allows people from around the world to use Bitcoin, Litecoin, Ripple, and Ether as collateral for fiat loans. You can find out more on our website.

Contact

CEO & Founder

John O’Shea

[email protected]

 

About KYC-Chain

KYC-Chain provides state of the art compliance solutions for businesses of all sizes. Since 2014, KYC-Chain has helped service providers process over 500,000 KYC applications in a cost-effective way. To learn more, please book a demo.

Contact

Head of Marketing

Chris Grundy

Media Contact

Helio Lending / John O’Shea

[email protected]

https://www.heliolending.com

Source :KYC-Chain

This article was originally published by IssueWire. Read the original article here.

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