The aim of xend finance is to improve the traditional business model for cooperatives and credit unions. The platform was founded in 2019 by chima abafor chibuike aguene and ugochukwu aronu.
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Xend finance allows credit unions and individual savings operations on the smart contract.
Xend finance. Xend africa defi platform for credit unions and cooperatives credit unions and cooperatives anywhere in the world can now channel capital into savings and earn higher interest in stable currencies. Available as android ios and web app. Powered by binance smart chain xend.
The team is made up of experienced professionals with backgrounds in mathematics finance cryptography and blockchain development working for some of africa s largest employers including kpmg chevron and stanbic bank. It is a protocol that decentralizes and optimizes operations of traditional credit unions and cooperatives and provides better yields for the unions and its members through lending protocol optimizations as well as asset security through decentralized insurance. Xend finance is a user friendly platform that provides a simple and easy user interface for users to on board as well as maximizing yield for its users.
The xend finance platform is the first decentralized finance defi credit union built on the binance smart chain. Xend token xend powers a decentralized savings and multi level interest generation protocol built on ethereum. The xend finance platform also allows users to create their own credit unions and cooperatives eliminating traditional middle men while earning up to 15 annual percentage yield on their savings.
The xend tokens also generate interest for the users as they hold on to the tokens. Xend allows you to make and receive payments online and offline at zero fees. Xend finance is a defi credit union.
Xend finance is a blockchain based platform inspired by traditional credit unions that provides opportunities for those interested in saving investing borrowing and lending. Xend finance is a platform that offers tools to members that will contribute to the building of a decentralised financial credit union. Xend finance is a defi platform for cooperatives and credit unions.
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