Israel's Migdal Partners Decentralized P2P Lending Platform Lendoit

Lendoit, a new decentralized P2P lending platform, has announced that it has partnered with one of Israel's biggest institutional investment firms, Migdal Investment Banking. Established in 1965 and part of Migdal Capital Markets Group, it currently manages assets valued at $9 billion for thousands of clients in the Israeli private, business and public sectors.

Lendoit aims to connect borrowers and lenders from all over the world in a trusted, fast and easy way using the advantages of smart contracts and Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term technology. It was co-founded by a team of developers with decades in the Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term industry - Ori Erez,Vlad Amirov, Yoav Pinkas and Avi Ben David, who have worked at invest.com, Tradency, 888, Easy Markets and more.

Ori Erez, Lendoit CEO, said: "Getting the support and endorsement from such large financial institution shows the impact of the Blockchain technology on the financial markets and the market for what Lendoit aims to bring to the table. We are proud to have strong supporters from the financial community on our side such as Roee Eizenman, CEO at Migdal Investment Banking. We believe that with the likes of MIB we will be able to open more doors and harness even greater support and many other strategic partners in our journey to revolutionize the lending industry."

The company has also revealed to Finance Magnates that it is currently working in several countries in order to get operational licensing. Many countries both within and outside of Europe have already given the green light.