AMPnet will integrate UTU’s Trust Infrastructure to build trust between investors and projects raising funds using their product.
We are thrilled to announce that we’ll be working with AMPnet to integrate our Trust Infrastructure as a Service (TIaaS) into their blockchain-based crowdinvesting platform!
Overview of AMPnet
AMPnet is a web, iOS, and Android app that allows entities to create crowdinvesting and crowdlending campaigns. The turnkey solution provides all the tools needed — such as payment processing, KYC/AML checks, marketing tools, and more — for organizations to spin up funding campaigns in minutes.
Investors can also use the platform to discover, research, and fund projects of interest.
All activity is logged on the Aeternity blockchain so data cannot be changed or manipulated.
How UTU and AMPnet will work together
There are two parties involved in an investment — the entity raising funds, and the investor. And both must have a high level of trust in each other.
The fundraising entity must trust that the investor:
- Is who they say they are.
- Has a history of helping companies they’ve invested in.
- Has not acquired investment funds in a criminal or inappropriate manner.
On the other side of the table, investors must trust that the fundraising entity:
- Is a legitimate operation that will use their funds in the intended way.
- Has a strong track record of success in their field.
AMPnet will integrate our TIaaS to develop and display trust scores for both fundraising entities and investors on their platform.
UTU’s artificial intelligence-based algorithms will incorporate past investments, social data, KYC elements, and more to build trust scores for investors.
Company performance, financial data, and other factors will be used to develop trust scores for fundraising entities. Additionally, you’ll be able to see which of your connections have invested in each entity, further building trust with social proof.
“We absolutely love what AMPnet is building to help important projects easily and quickly raise funds. Coming from an international development background where fundraising was so important, I understand the high level of trust that needs to exist between organizations and investors for these transactions to happen. That’s why we are so excited to work with AMPnet to help them build trust for their platform’s users and get these projects funded more easily.”
-Jason Eisen, Founder and CEO of UTU
“UTU is enabling AMPnet to scale our business much more efficiently than before. Checking for fraud and malicious actors in such a high-stakes platform is an extremely difficult and complicated undertaking. With UTU, this work becomes much easier and, most important of all, properly scaleable to millions of customers.”
-Mislav Javor, CEO of AMPnet
We look forward to working with AMPnet to increase trust for their crowdfunding platform!
AMPnet is aiming to change and democratize how people access capital. For too long, access to funding has been a game where the well-connected receive money from the well-off. AMPnet is building the infrastructure allowing anyone to invest and anyone to get invested in — without jumping through hoops. In the two years since starting, we have gathered a rich client base from all over the world and are set to fund in excess of a hundred million dollars in 2021.
To learn more about AMPnet, visit https://ampnet.io/.
UTU’s vision is to become the trust infrastructure of the entire internet, replacing anonymous star ratings, reviews, and scores as the de facto trust mechanisms of our digital lives. We do this in service of our mission — to bridge the gap between how we trust in real life and how we are asked to trust online — to make the internet a safer, more trusted place to gather, share, work, and trade. We are proudly based in Nairobi, Kenya.