Karma Monthly Recap. Growing the business

Hello, dear friends!

Karma co-founder, George Goognin, at the Asian Banker Conference

We've had more progress this month, thanks to the efforts of all our team. Here's a little bit of stats at the end of May:

• $60.609 loan investments raised from the market.
  It's+213% to April, +641% to January.
• Conversion rate from the website visitor to the registered user was 11.76%, which is +198% to January.
• Total registered platform users: 1384.
• Total investors passed full KYC with passport data: 226.

Here's our progress visualized:

We need roughly $1.5M monthly deal flow to become self-sustainable. If we keep the current speed, we will reach the goal this year. Business is mostly not about random fancy MOUs and Twitter announcements. It's about tweaking the focus, polishing the clarity of movements and day-to-day execution.

Still, we've got a nice two panels at The Asian Bankers' Future Finance Summit 2019 in Bangkok. George have been on stage at both p2p SME lending and applying crypto for investments and transactions. We have established more than 20 new relations with venture funds, banks, insurance companies and fintech companies across ASEAN region.

Plus, there was a couple of nice crypto guys: Topp (CEO of Bitkub, the first Thai legal crypto-fiat exchange) and TM (CEO of Coingecko, a popular crypto analytics service). Both are very professional and purposeful young entrepreneurs.

Left to right: David Gyori (The Asian Banker), TM Lee (Coingecko), Topp Jirayut (Bitkub), George Goognin (Karma), Dwight Willis (Dollarsmart).

Thanks for being with us!
Cheers ˆ_ˆ