Established in December 2017, eLoan is a Peer – to – Peer (P2P) lending marketplace that matches investors with borrowers, allowing anyone to lend money directly to small and medium-sized enterprises (SMEs). It is the first P2P lending company in Vietnam focusing purely on serving SME clients with short-term loans. As part of the agreement, Vemanti will execute a cash and stock exchange for 20 per cent equity interest in eLoan with options for further deals along with a corporate board seat. The investment will be made through eLoan's parent company, Directus Holdings, a Nevada company. The transaction is expected to be closed in the third quarter of this year. Trung Vo, CEO of eLoan, stated, "We see a $100 billion market with very little competition. The demand is unbelievable. We're out to acquire relationships, not clients.