In our previous articles, we have covered various aspects on how Reditus would be integrating blockchain on its main-net, as well as using the Receivables Management System (RMS) to enable the entire ecosystem of issuing and trading tokenised receivables.
Reditus began with a strong vision from its founding team. Gilmo Jeong, the CEO/Founder of Reditus, is a serial entrepreneur who has founded a number of companies and are still running them. Started with Clover7 Inc, a FinTech company, Gilmo went on to set up one of the most established firms today, Seven TechNet Finance Co. Ltd., which is a debt collection management agency.
With his extensive expertise in the debt repayment and collection industry, Gilmo sees the problems causing inefficiencies in its traditional industry — high debt collection agency fees as well as dependence on human intervention. These can all be automated, but what if it could serve a greater purpose?
Gilmo discovered a business opportunity from the problems with the South Korean financial market, which were found from the experience in debt collection management, and found a business opportunity in the receivables market business through founding Seven TechNet Inc. and working as a CEO. As Gilmo ventured more into the industry, he also recognised that by integrating blockchain at this timely age of the century, it would also enable greater facilitation and liquidity of these bonds if they could be tokenised — and this is exactly when Reditus is born.
“In my many years of being in the debt collection industry, there is no better time to tokenise receivables than now. What started off as just a business took off into allowing my team and I to realise our vision for the market. We want to truly innovate and to initiate change to the way we trade receivables — for all individuals and companies to be able to manage, trade and liquidate their loans very conveniently and seamlessly. I am fortunate to have the support of a strong technical team and a creative business development team to be with us on this journey and enable us to realise this vision that we all share — bringing convenience and liquidity to what was a traditional bonds market, ” says Gilmo Jeong, CEO of Reditus.
As such, he began to establish the foundation of the Reditus business model in order to resolve these current problems. Next, he also extended the business range from the traditional credit management to P2P (loans, credits) transaction management.
Strong Core Team
Besides Gilmo, Wonhyeog Kim, Hyun-Wook Cho and Sunho Won are part of the core team.
Wonhyeog Kim, CTO
Based on his 30 years of financial and bond management experience, Wonhyeog is part of the core team designing the RMS and IT system component which makes up the entire Reditus ecosystem. His experience in the finance and bonds industry helped define the bonds market size and its huge potential. Being one of the most important core members, Wonhyeog is equipped beyond financial knowledge.
Atop his financial experience, Wonhyeog served at the Kyungki Bank as an IT Manager and at SK C&C as an Executive of the Systems Integration (SI) Project team within the finance department. Wonhyeog is not only familiar with the finance industry; he is also deeply involved in the FinTech world as the founder and CEO of, Itsmore Inc., a Fintech company. Wonhyeog is the balance needed in Reditus — being adept at the integration of finance and technology and understanding what truly drives a working ecosystem.
Hyun-Wook Cho, Business Planning
Having spent 15 years in IBM providing business consulting specialised in Big Data, Hyun-wook came across various businesses and situations which challenged his strategic, analytical and problem-solving skills. He has accumulated a vast IT and business experience which contributed greatly to the Reditus ecosystem, RMS and tokenomics design.
Hyun-Wook served at POSCO ICT, one of the major SI companies in Korea, as an IT specialist for 8 year. Following that, he was at BI Metrix, a Business Intelligence (BI) solutions company, as the Vice President of Sales & Marketing. Hyun-Wook’s 25 years of experience in IT and Consulting has proven to be extremely valuable to the Reditus ecosystem.
Sunho Won, Marketing Planning
With experience in strategic investment and marketing planning, Sunho founded Neoleds Technology Inc.. Using his extensive knowledge and experience, Sunho helped design the Reditus ecosystem, RMS and tokenomics. Sunho is also the mastermind behind Reditus’ marketing strategies.
Understanding and Facilitating the Bonds Market
Advisors
Cheul Park is part of the Reditus team as a primary advisor. He was the Former Vice-governor of the Bank of Korea and in a super elite class in Korea’s financial expert group. His expertise and insights have contributed greatly to the construction of the tokenomics and Reditus ecosystem. Our investment advisor, Charles H. C. Seo, has asset management business license which is required for the operations of the business. Our community can be assured that Reditus is extremely compliant, which is crucial to reinforce the fact that the entire Reditus team is working hard to make this a working ecosystem for the masses.
Operational Team
Supporting Reditus is an operational team with members who have accumulated a vast experience in the bonds market: Jaeyoung Jang, Yeongseob Kang, Duksin Woo.
Experienced Technical Team
Reditus has a very strong team, especially so in its technical department. Reditus has already begun its research on the platform and application development with its current developers team — consisting of fifteen members led by Wonhyeog Kim, CTO.
Joonghan Kwon, the main-net leader, is a blockchain development and encryption algorithm expert. His expertise includes: Blockchain, encryption algorithm and key exchange. He has gained experience as a cryptocurrency exchange development leader in NexG Inc.
Changyul Oh, our RMS leader, is an experienced IT architect. He worked at the number one Korean exchange ‘Bithumb’, who now contributes with his technical capabilities and insights on cryptocurrency and blockchain to Reditus.
Working MVP
With an experienced and dedicated team providing insights in all aspects, not only has it helped Reditus in constructing the ecosystem, RMS and tokenomics well, it has also allowed the team to produce its MVP ahead of the public sale. Reditus has already completed the MVP (Minimum Viable Product) on the blockchain. We are excited to share more details and demo of the MVP really soon!
With a dedicated and strong technical team backing the vision of Gilmo and his team on its operations and business side of things, Reditus checks off the right boxes on the list of becoming the next not-to-be-missed blockchain project.
Join us on our journey in becoming the game-changer of trading receivables.
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