Fiinu will become a bank utilising new technology to provide better banking services for those who are currently under-served. Users of crypto-currency will benefit from a single account for both sterling and crypto-currency use, and will be able to drawdown crypto-currencies into sterling (and other currencies) for a fraction of the current market rate. Additionally, customers currently being under-served by the incumbent bank’s archaic credit rating system will finally be able to access services designed to lower the cost of banking and improve the quality of financial products.
Fiinu's Initial Coin Offering is an opportunity for Professional Investors to invest in early-stage, fast growth potential UK digital bank. Fiinu intends to use up to 10% of the funds (ETH) raised as working capital, with a minimum of ninety percent (90%) of the ICO proceeds locked in a multi-signature Escrow Arrangement and stored in Ether until Fiinu receives its banking licence. The milestone is reached when Fiinu appears in the UK Financial Services Register as an authorised bank. After the regulatory authorisation, rest of the raised proceeds will be released and put towards launching a full suite of banking products, all of which will be managed via Fiinu app and expanding into European and US markets.