Centrifuge Official Telegram | Wednesday 23nd June 18:30 | 12:30
In this Telegram AMA the Centrifuge community is invited to ask questions to the issuer 1754 Factory and the Asset Originator Branch. You can gain a deeper understanding of the details of Branch Series 3 pool: the structure, nature of the underlying asset, etc. The assets of the Branch Series 3 pool are secured non convertible debentures used to fund micro loans in India, providing access to capital for individuals who would previously be shut out from the financial system.
This is a great opportunity to hear first hand from Azer Songnaba, Alex Liege representing 1754 Factory (the Issuer) and from Branch International CEO, Matt Flannery, and Chief Business Officer, Premal Shah.
Branch India is a regulated non bank financial company, organized under the laws of India which offers unsecured loans to consumers. Branch International (Parent Company) was founded in 2015 and has operations in Kenya, Nigeria, Tanzania, and India, and has since originated over $500M in loans to over 4 millions borrowers. Branch raised $270M in debt and equity from reputable investors including Andreesen Horowitz, Visa and the World Bank.
Prior to Branch, Matt and Premal co-founded Kiva, a peer to peer lending model that allowed consumers to provide over a billion dollars in financing to micro financing institutions.
The Issuer (1754 Factory) will issue two tranches of ERC-20 tokens: DROP Tokens and TIN Tokens. The DROP Tokens will make up 90% of the total asset pool. The TIN Tokens will make up the remaining 10% of the total asset pool, and will be subject to first losses up to the full amount of their value. Davoa Capital, the manager of 1754 Factory LLC, Series 3 will purchase a portion of the TIN Tokens to demonstrate their confidence in the asset pool and to act as a buffer against losses to investors in the DROP Tokens.
The aggregate value of the assets owned by the Issuer is expected to be 10,000,000 Dai. The assets will be issued in three separate tranches of 3 year maturity each: ~1,000,000 Dai (tranche 1), 4,000,000 Dai (tranche 2) and 5,000,000 Dai (tranche 3).
Please start submitting your questions below and we’ll ensure they are answered in the AMA.
Be present in the Centrifuge Official Telegram at 18:30 CEST / 12:30 EST on Wednesday 23rd June to take part