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Answering Due Diligence Questions
Written by Edmilson Rodrigues (CEO at Swapy Network)


Every once in a while we receive a list of due diligence questions. It is very useful to share the answers with the whole community, because it can help to solve other people’s doubts.

Q1: As part of your use case, Swapy Network will be the facilitator between the investor and the credit company. Do you have a list of credit companies/entities that you have already talked with who are willing to participate in your network?
A: We have been working close with 3 credit companies from Brazil to validate their needs while building our tool. We can not disclose their names because they are not officially our clients yet, but there is a great interest among the new digital lenders to join our network, as we can reduce their cost of funding in half.

Q2: How will Swapy network credit-score the loan applicant? Will this credit scoring be done by swapy or a 3rd party?
A: We adopted an Open Innovation approach. So, Swapy Network will be the way to aggregate and share people´s financial data, but the actual credit scoring for each loan will be done either by the Credit companies lending to the applicants, or by a especialized credit scoring company. We are in advanced talks with one of the biggest Alternative Credit Scoring companies in the world to join the Swapy Network and offer their model for the companies, charging for it in Swapy Tokens.

You can read the rest of the article here: https://medium.com/swapynetwork/answering-due-diligence-questions-8f5d79402f49