Access Network

Access Network

A Decentralized World Bank

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Security Type
Other
Min Investment
$50
Location
Wilmington, DE
Offering Date
June 01, 2018
Expected Close Date
July 29, 2018
Target Raise
$100.00K-$1.07M
Deal Notes
  • Type of security: Token DPA (Late Stage with Escrow) Learn more
  • Maturity: 3 years
  • Cash Interest: 15%
  • Token Repayment Premium: 12.5% before 5 months, then 25% if repaid before maturity
  • Elective Partial Refund: 75% of net debt amount before 5 years
  • Investment size: min $50, max $107K

Company Description

We are a decentralized network for coordinating decisions around improving financial access. We are currently building and testing the protocols and smart contracts that enable this environment. We are planning to use tokens for the network to coordinate the development of applications, agree on their own pricing terms, and use said tokens to exchange services in said applications.

Key Deal Facts

Branchless Banking Infrastructure: Mobile Bankers provide door-to-door savings collection and loan underwriting services daily to others, using only a Smartphone.
Over 500 Bankers and 30,000 clients ready to join the Access Network.
Growth is incentivized through ACX token distribution.
ACX token unlocks the usage of new financial tools and applications.

Use of Proceeds

  • 6% Intermediary Fees
  • 18.68% R&D
  • 56.62% Future Wages
  • 18.69% General Working Capital

Management Team / Advisory Board Bios

Mickey Costa
CEO of Access Network and Atlas Holding Group
CEO and Cofounder, Atlas Holdings Group, Inc. | Cofounder, ACX Network | Boost VC | Techstars. Decentralizing UnderBanking

Jose V. Fernández
Chief Economist - Atlas Holding Group
Economist; Banking Exec; 4x Social Entrepreneur; Ex-Diplomat

James Schuler
CTO - Atlas Holding Group
Thiel Fellow; YC SC ‘12, CTO of Eligible

Deal Notes

  • Type of security: Token DPA (Late Stage with Escrow) Learn more
  • Maturity: 3 years
  • Cash Interest: 15%
  • Token Repayment Premium: 12.5% before 5 months, then 25% if repaid before maturity
  • Elective Partial Refund: 75% of net debt amount before 5 years
  • Investment size: min $50, max $107K
Amount Raised : $0
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