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COD

COD

Project
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Credit Score and Identity

Colendi brings the blockchain revolution to credit scoring by building a decentralized credit score evaluation platform on the Ethereum blockchain. Colendi Protocol evaluates the data provided by the user and data partners (telco companies, retail chains, state enterprises, etc.) to compile Colendi Financial Passport that will serve as a global creditworthiness identity.

Digital Risk Assessment Beyond Banks

Colendi integrates all relevant user data, i.e. app usage, location and directory, transaction history, social media and other distributed data to securely analyze and interpolate scoring metrics on our AI-based Credit Scoring Engine. Colendi envisions a new paradigm for risk assessment that decentralizes the conventional approach of banks with our data comprehensive approach.

Banking The Underbanked

Unbanked populations are in dire need of getting access to credit. With almost three billion unbanked people globally and more than 40% of the banked population lacking access to credit, the world needs new initiatives to radically alter this unequal way of wealth sharing. Colendi’s mission is to build the most viable credit scoring tool for tool to enable microcredit for the underbanked.

Product
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COLENDI ID

Colendi creates a self-sovereign digital identity that includes basic user information such as phone number, email address, birthday, etc. This means that user verification is actually attested by the users themselves through the data they provide. Colendi ID is embedded with a Colendi Score to constitute the Colendi Financial Passport that gives access to users on different platforms.

COLENDI SCORE

In addition to user's Colendi ID, Colendi also processes the digital data of each user such as transaction history, mobile app usage, etc. to compile a corresponding Colendi Score that is kept under user’s control. Users can benefit from microcredit or installment shopping opportunities with Colendi Score.

COLENDI MICROCREDIT

Colendi constitutes a microcredit platform that helps lenders and borrowers facilitate loans. A native wallet service will be ready in the Colendi App to enable users manage their ETH funds, which will later be merged into the microcredit platform to further enhance the user experience.

Token
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Query-based credit score delivery

Colendi Token (COD) is a consumer token that facilitates a query-based credit score delivery. Colendi will deploy its decentralized service on demand of inquisitions by merchants, lenders or any other third parties that would like to access the Colendi Score of their potential customers, employees etc. For each query, certain amount of CODs will be charged to initiate smart contract based transaction processes.

Staking Mechanism

Colendi delivers a staking mechanism that enables both the demand and supply sides to access the multi-layered reward and punishment framework. Staking of COD will incentivize both data providers and validators to ensure the data quality. Failure to meet data quality standards will activate slashing conditions on the COD staked. The staking mechanism will incentivize bootstrapping network growth and prosper fully decentralized ecosystem.

Smart Contract Guarantees for Lending

COD processes user data as inputs to smart contracts on the Ethereum blockchain, utilizing techniques such as multisig encryption to ensure participant privacy and permissions. Loan terms are evaluated in code where reasonable, and the transaction outcomes are logged to the system. Seamless credit score updates are carried out following each transaction.

Timeline
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NOTE: The key dates shown are just an estimate, and there is a reasonable chance that some or all of these milestones are delayed.
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February, 2016
Team Formation
Colendi Founders unite to commence the project.
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September, 2017
+1M User Scoring
Colendi develops its scoring algorithms on one million real user data.
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November, 2017
First Whitepaper Released & Patent Application
Technical Whitepaper Version 0.1 is released. Patent application is filed for Colendi’s scoring algorithm.
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January, 2018
First Colendi Scored Credits Are Given
Following the signing of our first partnership, the first credit scores are delivered as a demo.
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April, 2018
Open Sourcing Smart Contract & Colendi Alpha Product Launch
Colendi’s smart contracts will be open sourced along with the release of Colendi Alpha.
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February, 2019
Financial Passport
Colendi applications release for start global service.

Team
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Bulent Tekmen
CEO, Co-Founder
Bulent is a Serial Entrepreneur. His latest endeavor is Colendi.com which he founded and serves as CEO. In May 2016, Bulent made one of the largest exits in Turkish Fintech ecosystem as Cheque-Dejeuner Group acquired the majority stake at his e-money company ininal.com
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Serkan Omerbeyoglu
Co-Founder
Serkan worked as an investment banker in the US after completing his MBA at San Diego State University. His Central Bank Licensed payment settlement and processing company Provus was acquired by MasterCard in October 2013 as one of the largest deals in Turkish fintech ecosystem. He also invests in early stage startups as an active Angel Investor.
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Furkan Kamaci
CTO, Co-Founder
A hacker and data scientist, Furkan has worked for Oracle, Alcatel-Lucent and Nokia. He is an active member of the Apache Software, and involved in various positions of open-source projects for companies organizations such as Google, Nasa, and Twitter. In 2015, Furkan founded Lagom, an Artificial Intelligence company that provides a platform for companies in which they can connect their data and run cognitive queries.
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Fatih Sahal
CFO
Fatih worked as a financial auditor at PwC Istanbul office. He later joined Societe General as the director of consumer finance department. He returned to PxW as a senior manager in corporate finance and led numerous M&A and financial due diligence processes. He joined Turkcell Group in late 2015 as an executive member of the core founding team of Turkcell Finansman, which became the leading consumer finance company in Turkey in a single year with more than USD 2 Billion asset size.
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Eray Eren
CPO, Co-Founder
Eray is an Industrial Engineer with 4 years of experience in product development. He has worked for a series of leading startups, namely, Peak Games, Hepsiburada.com, ininal and Next Ventures, Borda Technology, as well as co-founding Zoom, a peer-to-peer money transfer startup. Eray, also has participated in non-profit work at Young Guru Academy to help visually impaired people and worked as a product manager at ininal that is Turkey’s ultimate banking supervision authority, Banking Regulation, and Supervision Agency.
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Zahid Sagiroglu
Co-Founder
Zahid graduated from Bogazici University Electrical & Electronics Engineering department both in BSc and MSc, where he also is continuing his PhD. His journey as an entrepreneur commenced as a core team member in “Ode.al”, which is one of the most successful FinTech startups in the region, providing payment services to “unbanked” service providers. He founded “Marvin” as an insurance telematics and driver scoring technologies company, which was twice listed among top 100 startups in Turkey by Endeavor​, and also received the “Global Innovation Award​” in GiTR, Rotterdam 2014.
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Mihriban Ersin
COO, Co-Founder
Mihriban started her professional career as a project manager and consultant after graduating from Istanbul University and has participated in numerous projects of European Union and European Commission in EMEA region. In 2011, she co-founded ininal, the first and biggest e-money company in Turkey that has reached 1 million active users in less than half a decade. Mihriban is also, the founder and editor of FintechTime, the leading fintech magazine in Turkey.
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Erbil Eren
Software Developer
Graduated from Koc University, Computer Engineering in 2013, Erbil started his professional business experience in Garanti Technology as a software engineer at the Payment Systems Department responsible for adaptation pf Garanti Payment Systems infrastructure to BBVA Bancomer Mexico. In 2014, he got an early stage funding for his first startup Deriva, which was a visitor behavior analytics startup that reports actionable insights to retail industry by collection data from various sensors. Erbil has begun technology consultancy for companies in the various industry since 2017
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Selim Canbazoglu
Legal & Compliance Board Member
Cambazoğlu, one of the successful entrepreneurs and investors in the field of technology as well as many other fields. He is a Board Member of the UK Based Venture Capital Investment Fund “The Next Ventures”.
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Ferit Sagiroglu
Security & Compliance Board Member
Ferit started his business life at NCR Corporation in the United States. Sağıroğlu has been involved in national and international operations in the field of technology. He has managed globally important hardening processes such as Visa, Mastercard, Total Quality Management, ISO 9001, TÜV, Tubitak and PCI-DSS Certification. Currently, he is managing the Biometric Facial Recognition System FORENTECH's business development department.
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Oguz Genc
Director for Asia Pacific
Oğuz interned at Chinese search engine Sogou as a product developer. He attended HNA Group’s International Talent Program where he worked at finance department. He holds two Master’s degrees in East Asian Political Economy and Macroeconomics, from Bogazici University and Peking University, respectively. During his studies at Peking University, Oğuz worked closely with the renowned economic theorist, financial strategist and debt expert Michael Pettis, which helped him to develop his understanding of imbalances in global balance of payments, and led him to believe that cryptocurrencies will end up by becoming international reserve currencies.
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Serkan Kocaman
Head of Digital Marketing
Serkan worked on new financial instruments in both academic and industry-specific fields at Bogazici University Center for Applied Research in Finance–the collaboration of Borsa Istanbul and Bogazici University conducting academic research on structures and best practices about financial activities most suitable for Turkey, where he completed his BA. In 2015, he founded Startsub, a VC funded SaaS subscription platform, where he also specialized in modelling of online payment methods in order to help the long tail merchants to grow their businesses. He later launched an advertising marketplace Aydanaya to offer niche brands better monthly subscriptions within Startsub.
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Ekin Selcuk
Community Manager
Ekin is a civil engineer who started his career in Istanbul doing B2B sales in Hilti Corporation, a prominent company in the construction sector, later on shifting to the Marketing area in the same company. He took part in the strategic development of during a vast transition period of his company in the local market, successfully delivering a business model with details and roadmaps which combined the customer, the company and the product as the three main pillars. He continued his education studying a Project Management Master in UPC of Barcelona while administering a newly founded company, before moving on to project coordination of a highly technical project in Aliaga, Turkey in 2017. His interests in blockchain led him to meet with the Colendi Project where he currently assumes the role of Community Manager.
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Cihad Guzel
Software Developer
Cihad started his professional career as a software engineer after graduating from Computer Engineering at Istanbul University. He is also an MBA student. He is a Commiter and PMC at Apache Software Foundation and co-founder of Lagom.ai, an Artificial Intelligence company. He also has experience in technology consultancy in various industries.
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Mehmet Dogan
Blockchain Developer
Mehmet received Bachelor's Degree from Bogazici University in department of Computer Engineering, where he is also obtaining his Master's degree specified on blockchain. He is currently research assistant on the project that aims integration of IoT on top of Blockchain. His studies focus on scaling ethereum and cryptography that underlies on blockchain. He is an ethereum enthusiast who believes self-governing systems where trusting to third party organizations does not exist. Therefore, he organizes workshops on teaching Solidity for more widespread use of Decentralized Autonomous Applications. Earlier, He worked as a software developer both a leading asset tracking company, and an e-commerce company.
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Ahmet Erzurum
Asia Pacific Business Development
Ahmet is continuing his senior year as an international economics and trade major at Tongji University. He has been working as an operation and foreign trade officer for 5 years at Denge Electronics, a leading security systems company in Turkey. Based in Shanghai, he has continued his endeavours in China's international trade ecosystem for the last 3 years. As a strong blockchain enthusiast, Ahmet has built his own blockchain community on Wechat. Recently he founded his Hong Kong blockchain consulting startup, A&O Digital Investment. He also received Oracle training at Istanbul Technopark to continue his development as a serial entrepreneur on digital economy
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Serkan Sogut
Design Lead
Serkan is a communication designer graduated from MMA in Nürnberg, Germany. Currently living and working in Istanbul. He’s been designing since 2002, and during that time He’s done work for a wide range of companies – nonprofits, agencies, international brands, you name it. In 2012 he has found Makine, an independent design & development agency developing non arbitrary visual communication solutions for large scale business.
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Advisors
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Ram Chari
FSS, President
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Arda Kutsal
Webrazzi, Founder & CEO
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Vamshi Ambati
Predera, Founder & CEO
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Alemsah Ozturk
4129 Grey, CEO

Partners
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