Independence
Projects can have decentralized structures, require KYC from their members but still be compliant with the local laws and jurisdictions.
Accountability
Group consensus such that each project can only commit transactions to verified channels with features to manage KYC and AML
Democracy
Transactions and Payments are voted by the community as governed by the smart contract and are trusted based on authentication.
Value proposition
Viable community infrastructure projects will be able to raise capital more easily, faster, and at a lower cost by fractionalization of asset ownership
What does FICx Platform do?
- Transform community infrastructure into digital assets.
- Issue them as bonds to groups of investors.
- Raise long term, affordable and sustainable finance.
- Provide the life cycle management through smart contracts.
Digital Token
Upon the expiration of the initial trading end date, the system issues digital tokens to all subscribers according to their investment proportion, and the transaction is stored on a blockchain ledger system.
Join as a Service Provider
Technology provider of the digital platform that allows for an end-to-end issuance and trading of tokens, by verified organizations or institutions. (Issuer) The funds raised from the sales of said tokens will be used for the development of infrastructure projects that are clearly described and recorded in smart contracts.
Dividend And Yields
Dividends and yields economics are described in the Term sheets during the Initial Funds Trading. Issues will fulfil the disbursement of dividends and yields based on set terms in the term sheet.
Smart Contract
A self-executing contract with the terms of the agreement directly written into codes. The codes and the agreements contained therein exist across a blockchain network.
who can list a project for funding?
SME Groups and Cooperatives, Community Development/Landlord’s Association, Financial Cooperatives, Micro Finance Institutions, NGO, Wards, LGA/Municipals, State and/or Federal Government.
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Community Financing Guarantees
This will typically be provided by the Community leaders , Local Government Authority , Tax Collection Unit , Community Residents in Diaspora ( both local and Global ) , NGOs , Development Finance Institutions , FG/State Government Rural Development Funds .
FICx TOKEN Purchase Channels
As a global exchange , FICx Tokens can be purchase by corporates and individuals using normal currencies when approved by the Securities and Exchanged Commission of Nigeria. .
About FICs
Platform Features
How it works
Issuer KYC
Organizations seeking FICx funding for infrastructure projects must submit applications for review and approval, subject to FICx and regulatory guidelines."
Subscriber KYC
Individual investors must complete KYC verification to invest in FICx projects. Some projects may have additional requirements.
Dividend And Yields
Dividends and yields are outlined in term sheets and paid accordingly.
Initial Funds Trading
Approved projects can be funded by investors buying tokens.
Allocation of Tokens
After the funding period, investors receive digital tokens based on their investment.
Setup Project Fund (New Issue)
Issuers post project terms on FICx. FICx reviews and approves or rejects them.
Secondary Trading
Subscribers are able to trade their investments in form of token based on current value or price
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Years of Experience
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Projects
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Agent Network
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Partnerships
Executive Members
FIC Professional Network Plc
Her wealth of experience in the Financial Industry span over 2 decades at FSB now Fidelity and Skye Bank. A current serving Council Member of the CIBN.
Onitiri, Rafiat Olwatoyin. FCIB
Managing Director
Was until recently, an ED at Nigeria Inter-Bank Settlement Systems (NIBSS) Plc. She has over 27 years of financial industry experience where she worked with First Bank and UBA respectively and had oversight supervision of major conglomerates/multinationals in the industry.
Christabel Onyejekwe
EXECUTIVE VICE CHAIRMAN
A Development Finance Practitioner with over 15 years of experience. He was the Executive Secretary of the Association of Non-Bank Micro Finance Institutions of Nigeria (ANMFIN), National Cooperative Financing Agency of Nigeria (CFAN) and Chairman , Abuja Cooperative Financing Agency (CFA).
Dr Godbless Safugha
DIRECTOR
A 15-year veteran of private banking. He has worked with First Bank Plc., Heritage and Stanbic IBTC bank, where he managed portfolios of over 2000 clients with combined Assets Under Management of US$100M
Mr Nte Wilcox
DIRECTOR
A subject matter expert in Financial Inclusion with over 15 years of managing pioneering projects like BVN, NIN, NAPI, NCC Sim Reg. among others, after selling his naira.com platform to Chams Plc in 2008.
Sola Bickersteth
DIRECTOR
FIC Professionals Network Plc
Do you have an enquiry to make?
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