Fast Invest : A digital bank for the people with a focus on the investment sector

Fast Invest is expanding the platform to a new infrastructure on the blockchain technology to offer a broader range of financial products. We are creating a digital banking system, prioritising the investment sector to help people generate secure and stable passive income streams, and thereby achieve financial freedom. Fast Invest will provide investment solutions, which are different from traditional investment.Investment solutions, such as real estate, private equity, and other structured finance products. We want to create an elegant, intuitive and straightforward alternative to our day-to-day banking habits, avoiding the convoluted bureaucracy mechanism.

Fast Invest creating a crypto community, allowing people to move money at a low cost and high processing speed. Platform users will have an opportunity to invest,borrow, exchange in both crypto and fiat currencies without having technical knowledge of crypto and blockchain technology, thus making Fast Invest a userfriendly,
reliable, secure and accessible global platform.

Fast Invest ensures that all aspects of customer experience meet the highest standards of service excellence. To this end, we are focusing on providing our customers with the best user experience in the banking sector.

Inspired by cryptocurrencies that have been issued since 2009 and are continually growing, Fast Invest is launching an initial coin offering (ICO). The raised funds will allow us to develop faster and to implement our idea by creating a professional and useful platform for crypto community members. We believe that our products will impact the whole crypto ecosystem.

Mission Fast Invest

The Fast Invest team is developing a platform, which incorporates P2P investment, an e-money wallet, and currency exchange. After successful ICO crowdfunding, we will start to create additional products for both individuals and legal entities: the lending extension, as well as the opportunity to acquire the Fast
Invest premium payment card. The Fast Invest platform will be available as an iOS and Android application.

Funds will be used to advance our current operational products for existing clients, and to advance the Fast Invest platform by integrating new financial instruments for digital money operations.

Fast Invest’s team is ready to extend the Fast Invest financial investment platform to blockchain community in the Ethereum network as a smart contract technology, and seeks to support major cryptocurrencies, including Ethereum, Bitcoin, and Ripple.

How Does The Platform Work

Step 1: Borrower Receives a Loan. A person applies for a loan at the loan originator. After verification and income risk assessment, the person receives a loan offer with the terms of agreement with the Borrower and certificated Creditor Institution. For clarity purposes, it is worth noting that Fast Invest does not lend its funds to the Borrowers.

Step 2: Servicing Loans. Certificated Credit Institutions sign the partnership contract with Fast Invest. After that, Fast Invest Compliance and Credit risk Departments approve the conditions of the Creditor, who holds the license issued by the local Central Bank as financial services operator. The creditor can service the assigned loans to the Fast Invest platform, where Investors can find different loans issued by Creditors across the European Union

Step 3: Borrower Makes Regular Repayments.. A Borrower makes monthly repayments by the terms of the credit agreement and the payment schedule.That consists of interest rate and repayment of the original amount to the
Creditor. The Creditor makes the transfer to Fast Invest, and these payment instalments are divided proportionally according to the amount invested in that particular loan for every Investor.

Step 4: Receive Repayments. As soon as the borrower repays their loan, our customers will start receiving payments of both the principal sum and the interest for that investment period. Funds are automatically transferred to their Fast Invest customer account. The user can reinvest those funds in any available
loan or request a payout directly to their bank account.

Financial Instruments To Be Offered

Digital Currency Exchange

The platform lets users easily swap cryptocurrencies for other digital currency or fiat currency like US dollars, Euro or other currencies supported on the platform.

Many cryptocurrency or fiat currency exchange dealers have no customer support, limited payment support, not many countries support and challenge the use of the platform for beginners. Fast Invest aims to offer full 24/7 customer support and has created a user-friendly platform which is easy to understand and use for first time users.

Digital Wallet

The digital wallet will ease money management and functionality via the blockchain. The Fast Invest wallet application facilitates the management of crypto assets allowing a simple way to make most of the financial operations on the platform. The system architecture is built as a digital bank, which means you can invest, borrow, exchange, pay and make a transfer using the same wallet via the web or mobile application. Crypto account overview (pic.#6) is designed to display all the vital information considering the investor’s portfolio and money balance. At the same time, the user can hold up to 8 different currencies on their
account.

Investment services

Two types of investments will be available. The first is investing in cryptocurrency it self, the second is crypto-proved loan investment. Investment in cryptocurrency varies because of the crypto-market activity, while crypto-proved loan investment generates passive income.

Saving accounts rates are historically low. Putting your money into a savings account means that you are losing your money. Traditional Banks offer approximately 1.25% annual percentage yield (APY).

Decentralised Lending

Another unique way of lending options that will be offered on the same platform by using P2P principles. It will be a quick and easy way to get a loan online.

P2P Lending Market Size

After the global financial crisis of 2008, banks became stricter about loan disbursements. Confusion and fragility in the system caused disappointment with commercial banks among borrowers.

The market for alternate finance has gained popularity in recent years . The 2 global P2P lending market was valued at 3.5 billion US dollars in 2013. The opportunity in the global peer-to-peer market will be 1 trillion US dollars by the year 20253. Along with P2P lending growth, we expect cryptocurrency lending demand to increase

Mobile App

According to statista.com, the global mobile Internet user penetration has exceeded half of the world’s population. The average daily time spent accessing online content from a mobile device, such as a smartphone,
or a tablet computer, has reached 185 minutes daily.Aside from that, the number of smartphone users will be
2.85 billion by 2020

All platform functionality will be reflected in a mobile app for Android and iOS.Users will have the opportunity to use their Fast Invest crypto account at any time, in any place with the same functionality like a web-based system.

Payment Card

Many cryptocurrency holders face the same problem: the opportunity to exchange digital assets for goods and services without significant loss. It will enable the cardholder to pay for everyday products and services around the world by making payments with cryptocurrency while it is exchanged in realtime rate.

Fast Invest Token

A Fast Invest token is the key to the crypto community asset. To become a Fast Invest Premium crypto-account member, you need to get a minimum of 1000 Fast Invest tokens. The first 1000 members with will be awarded Fast Invest Special Edition payment cards. Only crypto account members will have access to every crypto product, presented in this White paper. The community has a limited membership.

Fast Invest will issue Fast Invest tokens (FIT). FIT smart tokens will be implemented on the public Ethereum blockchain technology as ERC20 tokens.To create a smart contract, we used the openZeppelin framework.A total of 777 000 000 tokens will be generated. From that amount, as much as 50% of tokens generated will go to crowdsale participants. Fast Invest tokens crowdsale will take place on December 4th, 2017 10:00 a.m. London time and will be distributed until January 31st, 2018 3:00 p.m.

Fast Invest token ratio is 1 000 FIT = 1 ETH. Only Ethereum is accepted as a payment method during ICO No minimum investment is needed. To support the development of our business, an address to send Ethereum currency (ETH) will be designated.

The delivery of FIT from the smart contract will occur immediately after the ETH is received. The FIT will be traded and exchangeable once the token sale has ended. We expect FIT to be traded on major exchanges in June 2018.

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