

Written by: H. Caleb Simmons, Contributor

Banking and financial service products are frequently sold separately and are usually costly, leading increasing numbers of Millennials to abandon these traditional offerings in favor of digital alternatives: apps handling everything from payments to algorithmic trading to lending, like Venmo, Quantopian, or Lending Club. Yet even these apps, similar to products banks and financial service firms sell, are limited in their utility, and all too often offer no bundled features or inter-app functionality. In addition, due to the effects of the Great Recession between 2008-2010, Millennials have experienced poorer financial health than baby boomers, resulting in diminished financial independence for the generation thus far. This suggests that Millennials would benefit from using apps facilitating and incentivizing financial interdependence, aiding them in achieving greater financial health in an interconnected way, because Millennials want an easy, decentralized system for transacting that they can trust. Thanks to blockchain technology, that solution exists.



“There’s just no transparency as to how financial institutions operate, especially since the Recession, so it’s been a long time in the planning to create a trusted platform allowing people to help other people. [Valorem’s] closed ecosystem is a game-changer [which] forces people to invest smarter […] make smarter choices about life, finance, growth, and gives individuals the financial viability, education, and tools needed to succeed in the marketplace”, says Val Kleyman about Valorem Foundation.


With such success, some may attribute Valorem’s recent public appeal to its founders having a certain pedigree or material advantage. Not so. The Valorem team has been bootstrapping since their inception: while some lucky founders may get to participate in incubators or university programs to build their companies, Val has credited his company’s success to his team’s scrappiness.

In an interview, Kleyman told me that his “…small team of entrepreneurs, advisers, and experts have been bootstrapping and building businesses“ their entire lives. “We’ve had various failures and successes. When many would give up, what really sets us apart is the ability to lick our wounds and keep moving forward. We have our eyes set on the big picture of disrupting and improving the various industries in the world today, and we aim to make that happen with the Valorem Foundation.”

Valorem Foundation is not just a loan platform. Next year, the company will release its combined e-commerce, investment, and crowdfunding platform, which will allow community members to buy and sell goods between, invest in securitized assets with, and crowdfund their everyday expenses on the Valorem Foundation blockchain. In 2019, the company will release its insurance and charity funding platform, which will not only allow users to transact between each other for things they need, but also give to others and insure themselves for causes and concerns they care about.

“The sharing economy was really the beginning; it forced us to trust each other. Because there are so many Millennials out there, we need to share resources and be smarter about them. The tool that allows this is blockchain, and where the industry is now is just the beginning. The concept of distributed ledger technology is the main spirit behind Valorem Foundation, but the engine that runs it is the trust it creates. When trust is created between groups of people, crypto or mainstream, it creates greater understanding of one another. With blockchain, this will allow consumers and businesses alike to transact between each other at the speed of light. Commerce and education are key to the evolution of any industry, and it’s in the spirit of both that we use blockchain to improve commerce for all”, Kleyman told me.


Valorem Foundation is officially listed on Bitscreener, ICO Expert, CryptoRated, ICO Digest, and BitcoinExchangeGuide in recognition of its incredible platform and transformative technology. Visit them at The Valorem Foundation to find out more and participate in their Pre-Sale and ICO today!
