This looks interesting but there are already a plethora of non-blockchain micro-lending and small p2p lending services already available that aren't on the blockchain - how does putting the idea of your existing moneybank business on the blockchain help the consumer, lender and investor?
As an aside, I wouldn't underestimate the power of enthusiasm. As Ivern Ball once said "Knowledge is power, but enthusiasm pulls the switch"
Great question and comment - thanks!
The non-blockchain microlenders and P2P players are tapping into a huge underserved segment, and its massive demand far exceeds their financial and technical capabilities. Globally it is still a fairly non-competitive space and will remain so for the next 5-7 years. China is the only market it is really tough in terms of competition. So, we think that existing rivals isn't a threat in this nascent industry - tehre is enough room for growth for all!
As an example, banking is a much older industry and more competitive, yet quite a few non-blockchain and blockchain startups have been trying to disrupt banking industry over a decade or so, and still, haven't gained significant market share. Yet a lot of VCs and ICO investors poured money into these startups and still believe in their future.