This project was submitted in the following language: English (en).

Project description

EKOFOLIO is mission-driven fintech company, whose core mission to enable everyone to invest profitably in Forestry assets.

The global forestry investment sector remains very niche, but still accounts for approximately US$100+billion in institutional investment - include TIMOs, REITs, Stocks, and direct holdings in private capital. Our vision is to utilize the latest advances in blockchain technology to create a transparent, dynamic and liquid market specifically for the specialist asset class of forests globally, enabling large and small investors to participate on comparable terms.

Ian Choo

Founder and Managing Partner

https://www.linkedin.com/in/ianchoo/

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Country, Region

Luxembourg [Luxembourg]

Start date

March 2019

Estimated project cost

EUR 2 million

Sector

Other Digital, including Content and Services

Agriculture and rural development, forestry and bio-economy

Asset ownership

Private

Project type

Operational

Project status

Planning

Revenue type

Market-based

Expected Jobs created

20

Pitch Book

On-demand

Economic rationale / Business Model

Our strategy of market creation through financial inclusion involves making the asset class available to broad base of non-traditional investors, who have investible capital of between US$50 – 1M. We do this through ’Tokenization’ of specific forests, making them broadly accessible, tradeable before maturity and thus, liquid. This has the potential to address the very specific problems with the forestry asset class that have traditionally deterred large groups of investors – i.e. large tickets, illiquidity, and costly private equity governance models.

Financing details

Project financing secured: EUR 0.20 million (10 %)

Self participation: EUR 0.20 million (10 %)

Financing source: Private

Existing or potential bottlenecks for the realisation of the project / Potential risks

Market Risk – The greatest risk of Product-Market fit and Customer Acceptance. We take special care to communicate the stable, long term appreciation, inflation-protection, low transaction costs of our of our assets – and its unique potential for creating social impact.

Trust and Reputational Risk – Our reputation is key as a fintech company, thus, we are transparent in our disclosures, and list only investment quality assets with all the requisite certifications (e.g. FSC)

Publication: 19/10/2018 | Last update: 12/06/2019

The Commission gives no warranty and makes no representation, whether expressed or implied, that the Project Information is error free. The Project Information is provided without any guarantees, conditions or warranties as to its accuracy.