Telegram AMA with FintruX

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Dear Community,

As part of our ongoing commitment to transparency, our Co-Founder and COO, Conrad Lin, held a live Telegram AMA on 26th October at 12 pm SGT, where he answered several questions from our valued community.

This blog is a short summary of the conversation on the official FintruX Network channel on Telegram.

Q. Please share an update on how FTX is being implemented within the ecosystem?

Since our global launch in July, the utility of FTX has been the only way for startups and SMEs to use the platform. As a startup, on top of finding product-market fit…


TruX: Progress and Achievements

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Dear Community,

Following our last quarterly update, we are excited to update the community with our progress and achievements since we launched TruX, the world’s first smart business financing platform, in July 2019 at Asia’s largest tech conference, RISE.

Business Financing

In our latest blog titled ‘Alternative Financing in Asia’, we disclosed the current landscape of the alternative finance industry in Asia and the fundamental challenges it faces today. As a financial technology (fintech) startup solving the problems of business financing globally, we are inevitably listed alongside other new and innovative solutions available. Our valued community advisors have also shared feedback regarding…


TruX: Progress and Achievements

Image for post
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Dear Community,

Following our last quarterly update, we are excited to update the community with our progress and achievements since we launched TruX, the world’s first smart business financing platform, in July 2019 at Asia’s largest tech conference, RISE.

Business Financing

In our latest blog titled ‘Alternative Financing in Asia’, we disclosed the current landscape of the alternative finance industry in Asia and the fundamental challenges it faces today. As a financial technology (fintech) startup solving the problems of business financing globally, we are inevitably listed alongside other new and innovative solutions available. Our valued community advisors have also shared feedback regarding…


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The alternative finance industry is fundamentally challenged by a lack of alternative credit data, especially when cash is still king among SMEs in fast growing ASEAN. Alternative lenders that make use of traditional credit data to offer commercial loans can still find it tricky to verify the credit history of SMEs and therein, any credit risk can be overstated or understated. Meanwhile suppliers that make use of traditional credit data to offer credit terms are also facing the same fundamental challenge. This leads to 2 outcomes:

Overstated credit risk: When credit risk of a commercial loan or transaction is overstated…


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Here’s a quick run-down of what we have been working on to make your business smart, efficient and trusted on app.fintrux.com.

Version 1.3 (09–20–2019)

  • Upgraded auto-generated legal documentation for successful credit extensions.
  • Smart contract generation upgrade.
  • Offline mode improvement and optimization.
  • General bug fixes and improvements.

Version 1.2 (08–22–2019)

  • Trust profile displays number of connections.
  • Graphical demo of application for first time users.
  • Navigation bar UI update.
  • Offline mode: User will be logged out if accessing the app while offline for security reasons.
  • Loading spinner graphical update.
  • General bug fixes.

Version 1.0.1 (07–30–2019)

We’ve made it even faster and easier…


TruX: Successful Launch Updates

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Dear Community,

We’re happy to announce that the launch of TruX in Hong Kong has been a successful first step as part of our continuous global efforts, and in this special update, we will set the expectations for the quarter ahead.

TruX is now available to all businesses across the globe, supporting over 130 currencies worldwide. This would not have been possible without our amazing supporters, community advisors and early users at various stages. Our journey has only just begun and we look forward to introduce new features as part of our roadmap heading into 2020.

Launch Event

  • TruX was formally launched…

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Dear Community,

The countdown to the launch of TruX begins! Over the past month, the FintruX team has been powering towards a successful start. Our development team is busy ensuring that the technology powering TruX is robust and scalable, while our strategy team continues to innovate new and improved features for TruX based on qualified business user feedback. Meanwhile, our marketing team has been invited to several industry events, hosting focus group studies and networking strategically for mass adoption of TruX.

Here is a quick snapshot of our month of June 2019:

Development and Launch Updates


TruX Platform: Development and Launch Updates

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Dear Community,

We are less than a month away from the launch of our highly-anticipated TruX Platform! We are thrilled at our progress to date and we know our amazing global community of supporters are too. We want to let our community know what to expect as we dive into the next exciting phase of our project.

Our team has been busy behind the scenes for the last leg of development and testing, while also constantly innovating new features and smart solutions for the future of smart businesses worldwide. …


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Dear Community,

Another great month has come to an end and we are now one step closer to the official launch. In the month of May, we initiated the next phase of our beta pilot by onboarding businesses across the globe, conducted several focus group studies, attended business networking events and launched the knowledge base on our official blog.

Here is a quick snapshot of May 2019:

Knowledge Base Launch


TruX Smart Credits

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Dear Community,

This edition of the Tuesday Team Talks features the latest addition to the Knowledge Base section on our blog:

What are smart credits (CR)?

FintruX Team

Official publication for FintruX Network

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