Hero ICO – The Future of Banking in Southeast Asia

6.9 Total Score
ICO Start: To Be Announced - ICO Ends: To Be Announced

Hero's mission is to revolutionize the banking industry to make credit more readily available and affordable for the unbanked or underbanked, starting in Southeast Asia.

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Since 2015, we’ve begun disrupting the current financial system that excludes 2 billion people from the banking system by leveraging technology to create a more inclusive system that allows people access to credit.

Collateralized Loans

We believe secured loans provide the starting point for uncollateralized loans. In 2015 we launched the first fully licensed online pawnshop in Southeast Asia that has already served thousands of customer. PawnHero essentially turns mobile phones into pawnshops.

Our interest rates are half of the traditional pawnshops providing access to cheaper credit that improves livelihoods.

Blockchain-Based Loans Without Collateral – Individuals

Most emerging markets lack centralized credit scoring.

Blockchain enables every person to have a unique and verifiable reputation-based identity that allows them to participate equally in the economy. By combining non-traditional data sources from social media profiles, previous work experience and transaction history with advanced machine learning techniques we expand our offering to provide access to unsecured loans.

Blockchain-Based Loans for SMEs & Communities

The strength of every nation’s economy is usually a direct reflection of the viability of the small and medium-sized enterprises (SMEs) sector. In most cases, especially developing countries, SMEs account for as much as 35-40% of the total GDP. The driver of the SME sector of the economy is its access to affordable funding schemes.

Initially we’ll start lending to individuals, but we’d then like to expand that to community lending and eventually SMEs.

David Margendorff – Chairman of the board

Manny Ayala – Director

Nix Nolledo – Director

Kristi Bautista – Director

Alexander Corpus – Director and Treasurer

Hero has been created to make both financial return and positive social impact. A Hero token represents the right to receive a reward, which is part of the interest income earned. Our rating for this ICO 6.9 out of 10.0.

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com


Rene Peters is editor-in-chief of CaptainAltcoin and is responsible for editorial planning and business development. After his training as an accountant, he studied diplomacy and economics and held various positions in one of the management consultancies and in couple of digital marketing agencies. He is particularly interested in the long-term implications of blockchain technology for politics, society and the economy.

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