The total number of MSMEs with funding shortfalls is 65 million. This represents the number of enterprises that find it difficult to obtain financing through regular channels and so off the radar of most banks and credit bureaus.
Our initial focus on launch is on the Philippines where the number of MSMEs is over 816,000 with a total funding gap of $221.8b. We expect to have a high penetration since the alternatives for these institutions are not there by definition (or there would not be a funding gap).
With the Token Sale, we will be launching the product to over 50,000 merchants. But that is only us. It does not include other TEAs (full nodes) and we have partners now in Africa and South America too.