FintruX Network, the global P2P lending ecosystem, is announcing a new addition to its Board of Directors, Bob Rinaldi, a serial entrepreneur and business director. FintruX Network is an online ecosystem that facilitates the lending and borrowing of finances to small businesses in a peer-to-peer marketplace powered by blockchain and no-code development.
FintruX Network makes it easy for small businesses to quickly secure affordable loans with no collateral, at affordable interest rates, and in any currency. The platform is powered by blockchain and built using no-code development, which enables all possible contract combinations to be generated and deployed in real-time without human error. FintruX Network facilitates lending in a peer-to-peer network by using credit enhancement that improves credit worthiness, reassuring the lender that the borrower will honor the obligation via smart contract. Credit enhancements reduces risk of loss, thereby increasing the overall credit rating and lowering interest rates at the same time.
Bob Rinaldi is a seasoned entrepreneur with a strong business acumen, and has led several organizations to success under his guidance prior to joining FintruX Network. He served as the CEO of CI Finance, a national equipment finance company, and as a Director at CBank, a commercial banking community bank. Most notably, he held positions as the Senior VP of CSI Leasing, and the President of National City Commercial Capital Canada. As the Executive VP at Information Leasing Corp, Rinaldi played a key role in growing ILC to the fifth-largest, bank-owned leasing company in the U.S. with annual originations of over $3 billion and $8 billion in assets. Rinaldi is a Past-Chairman and Director of the Equipment Leasing and Finance Association (ELFA), the premier trade association representing the $1 trillion equipment finance sector.
At FintruX Network, Bob Rinaldi will provide invaluable guidance towards the development and distribution of the company’s products and services. Furthermore, as a growing global enterprise, FintruX Network will benefit notably from Rinaldi’s international business background.
“We are proud to have such a reputable and experienced professional join our Board of Directors, who is passionate about our vision. We look forward to seeing Bob Rinaldi’s dedication at work as we begin our journey to worldwide expansion.” says CEO and Founder of FintruX Network, Nelson Lin. “With Bob’s expertise, we will push forward in developing and providing a true peer-to-peer marketplace where lending and borrowing is more secure than ever before.”
“I look forward to working with FintruX Network in a mutually shared effort to simplify the lending and borrowing process for small businesses across the globe,” says Bob Rinaldi. “Together, we will streamline the pace at which loan applications are approved, while enhancing the credit scores of borrowing companies looking to achieve their own financial and professional growth, as well as future success.”
FintruX Network was founded in 2017 with the mission to develop an open ecosystem that allows small business and startups to apply for loans without high interest rates or collateral. The company’s vision is to decentralize and secure the borrowing process, help build and improve credit scores, and to empower the connection between borrowers, lenders, and rated service agencies. The FintruX Network platform is powered by FTX; a utility token rewarded for participation in marketplace incentives.