Asia PEVC, Author at AsiaPEVC.com

Moonstake Collaboration Webinar with RockX, Strategic Partner on March 16

Moonstake is hosting a joint webinar with its strategic partner RockX on 16th of March, 2021 about the Polkadot Ecosystem and its value to the staking economy. It will be held from 7PM Singapore time. This is a rare opportunity to hear from the top staking validator for Polkadot about the key points of staking. We look forward to seeing you there.

Proof-of-Stake (POS) has become the topic of the hour since 2020 due the protocol receiving adoption by the biggest blockchain platforms like Ethereum, Cardano, and Polkadot, and has expanded rapidly over the past year. Polkadot, whose MainNet launched in May 2020, currently has $24 billion of its native token DOT staked, which is 64% of the total PoS market supply. Today, it is one of the fastest growing PoS networks and the second most active DeFi ecosystem after Ethereum.

Speakers of this webinar include RockX CEO and Founder, Alex Lam and Shogo Ishida, Senior Advisor of Moonstake. Moonstake and RockX entered a strategic partnership in January 2021 to support the Polkadot ecosystem and DOT staking on Moonstake Wallet.

RockX is a digital assets platform that offers risk-adjusted crypto investment for the masses and allows users to compound their crypto holdings through mining, staking, and other DeFi products. In September, they launched a USD 20 Million five-year investment program to strengthen the Polkadot ecosystem. The funding, capped at a maximum of USD 500,000 worth of DOT tokens per project, will be provided alongside technical support.

This webinar will be useful for those who want to learn more about Polkadot and other tokens from various PoS-based projects. There will be plenty of time for Q&A, so please feel free to ask any questions you may have.

About this webinar

TOPIC: Proof-of-Stake Economy and Polkadot Ecosystem from 2021 onwards

DATE & TIME: 16th of March, 7PM in Singapore time (GMT+8)

SPEAKERS:
Shogo Ishida, Senior Advisor of Moonstake
Alex Lam, CEO & Founder of RockX

IN THIS WEBINAR, YOU WILL LEARN:
– What is Polkadot and its unique proposition from Moonstake and RockX’s points of view as one of the top Polkadot’s validators?
– RockX launched a $20 million investment program for the Polkadot ecosystem. What is the final goal on this?
– Staking Economy is the topic of the hour across the globe. How you define it and what’s the value you see in 2021 for Polkadot?
– How will Polkadot play a role in the PoS ecosystem? What is the value of participating in polkadot’s staking economy and how does Polkadot staking works?
– How will Moonstake and RockX enhance the Polkadot ecosystem as strategic partners and what are the expectations from Polkadot’s communities?

Q&A (20 Mins)

Pre-registration is required to participate, so please register from the link below. RSVP Today to take advantage of this free webinar. https://us02web.zoom.us/webinar/register/WN_kztN-BuYQh-nnsgFYUXVhA

About Moonstake

Moonstake was recently established to develop a staking pool protocol to satisfy increasing demands in regional and global blockchain markets. Moonstake develops a staking pool protocol and provides business services through partners and companies.

Moonstake aims to be the largest staking pool network in Asia by providing an active environment for crypto asset holders. Establishing a clear partnership roadmap with Moonstake represents another significant milestone for continuing to strengthen ties with leading platforms across Asia’s burgeoning Distributed Ledger Technology (DLT) ecosystem. Partnership has been announced with Emurgo, Ontology and NEO to boost staking adoption, Binarystar, Japan’s biggest blockchain hub, OIO Holdings Limited (SGX: OIO), a Singapore-listed company. Industry’s reputed advisors, such as Lisk and Lawrence Lim of RAMP DEFI support Moonstake’s innovative journey.

With a full-scale operation launched in August 2020, we expanded our business and as of now, our total staking assets exceeded over USD 800 Million. https://www.moonstake.io/

About RockX

RockX is the smartest platform to participate in the growing digital asset economy by enabling anyone to capitalize on the emerging global asset class of digital assets and cryptocurrencies for the best risk-adjusted returns. RockX is a comprehensive digital asset platform where mainstream users can participate in the blockchain economy at a suitable risk-reward profile. RockX is the first of its kind in the market where users can diversify and be exposed to different digital assets in one simple interface. https://www.rockx.com/

CICC Initiates Yeahka at OUTPERFORM with HK$98.20

CICC initiates coverage on Yeahka Limited (9923), a leading payment-based technology platform in China, with an “outperform” rating and a target price of HK$98.20. CICC is upbeat on Yeahka’s dual-growth-driver (payment + value-added services) business model and the growth potential of the Company’s QR code payment and marketing services.

Key takeaways from the report include:

Core payment services: Yeahka concentrates on offering integrated QR code payment services for small and micro merchants: 1) QR code payment: CICC expects Yeahka to achieve rapid growth in the next 5 years; 2) QR code payment services feature high-frequency and wide consumer base; 3) Yeahka’s high revenue-sharing ratio for sales agents and its strategy that targets small and micro merchants will drive rapid growth in merchant volume.

Value-added businesses: Huge room for commercialization based on its “data + scenario + traffic” business model: 1) Marketing services: CICC expects high-frequency transactions (QR code payment) and dual expansion drivers (proprietary R&D + M&A) to be the key drivers for Yeahka’s revenue and profit growth; 2) Merchant SaaS products empower small and micro merchants to improve customer stickiness. CICC sees monetization potential in the long run; 3) Yeahka’s fintech services business is expected to achieve mild growth in the short-to-mid run.

Strong internet background enables Yeahka to provide targeted services; increasing R&D investment is expected to accelerate product upgrades: 1) Yeahka’s management team possesses extensive experience in the internet sector 2) Yeahka has a solid shareholder base, which includes internet giant Tencent; 2) Its strong R&D team is expected to boost product upgrades.

HouseAfrica Announces Partnership With Domineum

HouseAfrica, furthering its dedication to making African real estate transactions seamless and transparent, is pleased to announce a strategic partnership with Domineum, an enterprise blockchain technology and back-end services provider.

HouseAfrica’s PropVat.com, Africa’s largest property technology platform, connects real estate stakeholders, property developers, home buyers, financial institutions, valuers and government regulators, to verify and validate property authenticity before purchase or credit application.

“We are particularly excited about our partnership with Domineum, as it helps us toward our goal of unlocking trapped real estate value in Nigeria, estimated at $300-900 billion dollars. We believe in collaboration. PropVat, our cutting-edge solution for unlocking Nigeria’s and Africa’s huge dead asset pool, is built on blockchain and collaboration,” says Uba Nnamdi, Co-Founder and CEO HouseAfrica.

“Domineum is excited to partner with HouseAfrica to deliver its bespoke products and services to the government sector, land departments and other agencies, and the services sector, to real estate and financial businesses. Real estate investment is a real deal and blockchain can be seen as the game changer,” says Mohammed Ibrahim Jega, Co-founder, Domineum.

PropVat works in partnership with key stakeholders in the real estate sector, including the Nigerian Institute of Estate Surveyors and Valuers (NIESV), Nigerian Bar Association and Nigeria Mortgage Refinance Company (NMRC), building a data-driven ecosystem for fast and easy means of processing interactive and transparent real estate transactions.

About PropVat
Using PropVat.com for verification helps to reduce the risk of fraudulent misrepresentation of ownership and valuation information. The PropVat platform generates a PVN (Property Verification Number) for quick access to a Verification Report, E-deed (powered by blockchain), and detailed property quality analysis. Major Financial Institutions are already using PropVat for their verification needs. Visit https://propvat.com, twitter.com/propvat, linkedin.com/company/propvat/ and facebook.com/propvat.

About HouseAfrica
HouseAfrica is building the largest African property platform using technology to connect real estate stakeholders to verify and validate property authenticity before purchase or credit application, helping to make convenient, secured, fast, transparent, and affordable property transactions. In 2019, HouseAfrica won the Best African Blockchain Startup at the AfricArena Conference Fantom Blockchain Challenge. Visit https://houseafrica.io.

About Domineum
Domineum is a software development company and consultant that aims to disrupt several sectors in the emerging markets, and leap-frog the current infrastructure with distributed ledger (blockchain) technology and Blockchain-as-a-Service (BaaS) solutions for governments and businesses. Domineum provides efficient back-end solutions to verify and authenticate Land and Property Registry, Mortgage, Identity Management, Cargo Tracking and Supply Chain systems. Visit https://www.domineum.io.

Contact: hello@houseafrica.io

BlackBixon Partners with redONE in Marketing Push for Ni Hsin Resources’ F&B Business

BlackBixon Sdn Bhd (“BlackBixon”), the food and beverage (F&B) arm of Bursa Malaysia Main Market-listed Ni Hsin Resources Berhad (NIHSIN; KLSE: 7215), sealed the partnership with redONE Network Sdn Bhd (“redONE”), a mobile virtual network operator (MVNO), to market and retail Ni Hsin’s new energy coffee under the brand name ‘BlackBixon’.

BlackBixon coffee is described as a composition providing the benefits of caffeine and the patented Bioenergy Ribose(R) in combination when consumed and helps in accentuating the human body’s natural process of energy synthesis while at the same time lessening fatigue and boosting the mental alertness of an individual. There is also the nutritional coffee variant enriched with acai berry extract for a good source of phytonutrients and antioxidants enhancing immunity while providing anti-ageing benefits.

Present at today’s signing ceremony were Deputy Inspector-General of Police YDH Dato’ Seri Acryl Sani Abdullah Sani, Chairman of Ni Hsin Encik Sofiyan bin Yahya, Managing Director of BlackBixon Mr. Khoo Chee Kong, Chief Executive Officer (“CEO”) of redONE Encik Farid Yunus and Chief Sales Officer of redONE Mr. Ben Teh.

Managing Director of BlackBixon, Mr. Khoo Chee Kong said, “We are delighted to have this collaboration with redONE as we see a lot of synergy in terms of how we can leverage on redONE’s reach of 1.2 million subscribers to market our products. We believe redONE’s network can strengthen our marketing efforts and outreach to the target consumers, both business-to-business and business-to-consumer.”

“We see our entry into F&B as strategic for the future of Ni Hsin as this new business will enhance the earnings of the Company given the interest in energy and coffee drinks, as well as the increased demands in home coffee consumption. Our BlackBixon coffee capsules combine energy, nutrition and coffee by having caffeine and natural ingredients that boost energy and immunity. As for convenience, we provide coffee machine for our consumers to use in their home or workplace without any charge subject to terms and conditions. BlackBixon is your cafe@home@office@anywhere. Ni Hsin has other plans in the pipeline to grow the F&B business, with Malaysia being the initial market, and the regional market in our next step.”

“The COVID-19 pandemic has been challenging for many, Ni Hsin included. Our move into F&B will also be the beginning of our pivot from being a cookware manufacturer as we will grow the F&B business to be bigger than the cookware business over time. We see domestic and overseas consumer sentiment improving in the second-half of the year as vaccines become available and the economy recovers. This will also hopefully translate into better demand for our new business.”

Chief Sales Officer of redONE, Mr. Ben Teh said, “redONE is proud to collaborate with Ni Hsin in a win-win partnership where our 100 Premier Shops nationwide will attract more footfall while letting our subscribers enjoy a refreshing cup of BlackBixon coffee as they are waiting to be served. This is a good gesture and adds value to our customer experience.”

The signing of today’s agreement comes after the Collaboration Agreement Ni Hsin entered into with Fiatec Biosystem Sdn Bhd in August 2020 for the development and formulation of health and bioenergy products marking the Company’s move into the F&B business. In January 2021, the Company entered into a Supply and Technical Assistance Agreement with Global Coffee Resources Sdn Bhd (“GCR”) for the appointment of GCR as the supplier for the coffee beans and coffee powders. In February 2021, Ni Hsin also filed for a patent for BlackBixon to protect the Company’s rights to the invention and to secure the competitive advantage of its F&B business in selling products using the invention.

Please contact the below for more information:
Stefani Wan
Swan Consultancy
Tel: +6012 286-1481
Email: s.wan@swanconsultancy.biz

AppsFlyer Promotes Sanjay Trisal As New General Manager of India, Southeast Asia, and Australia, New Zealand, To Strengthen Regional Collaboration

Today, AppsFlyer, the global attribution and marketing analytics leader, appoints Sanjay Trisal as General Manager of INSEA/ANZ (India, Southeast Asia, Australia, New Zealand). Prior to this promotion, Sanjay was AppsFlyer India’s country manager for almost 6 years, and has grown AppsFlyer’s presence in India across all verticals and domains. During the shift to Work From Home in early 2020, Sanjay has set up a successful strategy that ensured productivity results soared, and backend processes remained intact for the team in India.

In this newly created role, Sanjay will be responsible for AppsFlyer’s regional growth over multiple markets across India, Southeast Asia, and Australia and New Zealand, and improve cross-border collaboration and ensure smoother efficiencies across teams. Based out of India for the time being, Sanjay will also oversee, plan, and coordinate operational strategies in INSEA/ANZ. With AppsFlyer having expanded into Australia and New Zealand in November 2020, Sanjay will also play a critical role in strengthening AppsFlyer’s commitment to the ANZ region.

Sanjay Trisal, General Manager, AppsFlyer INSEA/ANZ, says: “Going forward, regional collaboration will continue to be the key to our success, and I am excited to be in a position to work across core markets to drive business objectives and grow to meet the demands of the region alongside a high-performing team. AppsFlyer’s solutions help marketers to work smarter and fuel data-driven initiatives in a market that is constantly evolving. I look forward to tapping into the numerous opportunities INSEA/ANZ offers.”

The INSEA/ANZ regions have shown great potential in the mobile attribution industry and provides many opportunities for mobile marketers to maximise results. According to an eConomy report, the Southeast Asian internet economy has grown by 33% each year since 2015, showcasing the immense opportunities in the region. Similarly, the Australia and New Zealand industry is becoming a hub for mobile app development in the region with apps like Canva being a global phenomenon.

AppsFlyer’s 2020 growth has been exponential, reporting over USD200 million in Annual Recurring Revenue (ARR), as well as a late-stage extension of its existing USD210 million series D round. AppsFlyer now has over 1,000 employees, spread across 19 offices globally.

Sanjay brings over 20 plus years of strong sales, new business development, and management experience in the IT, High Tech and Consulting sectors. Before joining AppsFlyer in 2015, Sanjay spent almost 3 years at InMobi, a multinational technology company that specializes in mobile advertising and mobile marketing and was responsible for expanding the LATAM market.

“We are very pleased that Sanjay is taking on a broader role at AppsFlyer. We have been growing exponentially over the last year, opening our latest APAC office in Sydney at the end of 2020, and with Sanjay’s remarkable talents aim to bring cohesive collaboration across our core markets. Sanjay’s notable accomplishments in India make him a perfect fit for this new role and we have full confidence that he will play a critical role in spearheading a successful collaboration between regions,” stated, Ronen Mense, President & Managing Director, AppsFlyer, APAC.

About AppsFlyer

AppsFlyer, the global attribution leader, empowers marketers to grow their business and innovate with a suite of comprehensive measurement and analytics solutions. Built around privacy by design, AppsFlyer takes a customer-centric approach to help 12,000+ brands and 7,000+ technology partners make better business decisions every day. To learn more, visit www.appsflyer.com

Media Contacts
Debbie Beins
PRecious Communications on behalf of AppsFlyer
appsflyer@preciouscomms.com

Press Contact For AppsFlyer in APAC:
Nico Marco
nico.marco@appsflyer.com

Verofax Secures $1.2M Seed Round for Automation and Traceability Platform

Verofax Limited, an automation and traceability platform, has secured $1.2M in a Seed funding round, led by Trove Capital Limited UK. Other investors included MFD Holding, Kepler Fund Managers, and Casablanca Holding. This funding marks Verofax porting its platform on Microsoft Cloud and its recent Q4 expansion into Asia and Africa.

Established in 2018, Verofax has developed an automation and traceability platform that allows enterprises to prevent counterfeit, improve manufacturers’ engagement with consumers, and increase staff productivity with data insights. Verofax offers services such as Item ID serialization, traceability, and transaction certification on private Blockchain with cost and time to market advantage.

Wassim Merheby, CEO and Co-Founder of Verofax, commented on the round, “Counterfeit is exceeding 20% of global trade in some industries and accounts for $1.8T losses to businesses. With retailers and manufacturers adopting traceability and item serialization in their operations, Verofax enables supplier screening, consumer engagement, and inventory optimization.

“US, EU, China, and Russia have already adopted regulations for retailer and E-commerce accountability on fake merchandise sold through their marketplaces. Verofax simply adds certainty in global trade with item digital ID throughout every product lifecycle.”

Verofax, which has offices in Abu Dhabi and Kuala Lumpur, will use the funding to serve its pipeline of projects, launch a marketing campaign targeted at food, healthcare, and apparel industries. It is also to hire 20 additional team members, mainly software developers and business development managers.

About Verofax

Verofax Limited is an automation, optimization and validation solutions provider for enterprises and financial institutions with a presence in Asia, the Middle East and Africa. The Verofax platform allows enterprises to share operational datasets with Banks to boost their credit scoring. Verofax has established partnerships with a sustainable retailer in Asia, and set-up JVs in Asia, Africa, and the GCC. The startup has also been approved as a co-sell partner by Microsoft, Oracle, and AntGroup. Please visit www.verofax.com.

World CX Summit – Asia to Discuss Latest Trends in Customer Experience Management, Explore Innovations that Can Empower Businesses

With a special focus on the Asian market, the third global edition of the World CX Summit is set to take place virtually on 11 March 2021.

The increasing adoption of IoT-based devices and sensors as well as AI-driven predictive and advanced analytics tools to offer personalized services to both B2B and B2C consumers is one of the major factors contributing to the growth of CX in the regional market.

The wide presence of call centers, the burgeoning trend of social media, and rising emphasis on CEM and customer satisfaction are contributing to the growth of the market in Asia.

Additionally, B2B consumers’ growing preference for quality products that add value to their business, growing expectations for services based on outcome and customer journey and demand for tangible results to drive the growth of the business are some of the factors driving the adoption of customer experience management solutions in Asia.

“Customer experience is becoming increasingly important for business success as companies in APAC embrace digitalization at an incredible speed this year in response to the dramatic shifts to a trend of work from home rising due to the pandemic,” stated Mithun Shetty – CEO, Trescon.

Keeping this in mind World CX Summit – Asia will convene stakeholders of the CX ecosystem in Asia including top CX leaders and experts, to focus on topics such as Overcoming Business Challenges & pain points around CX in the “new normal”, Leveraging Voice of the Customer (VoC) to drive NPS, Harnessing Big Data & Analytics for enhancing the customer experience; CX & social media and much more.

The summit will feature a ground-breaking collaboration of experts such as Nate Brown, Chief Experience Officer/ Co-Founder of CX Accelerator Officium Labs; Michelle Huff, Chief Marketing Officer, UserTesting; Matt Coulson, Regional VP, Value Consulting OutSystems, APAC; Winnie Talosig Rebancos, IT Director, Coca-Cola Beverages; Richard Jones, VP & GM APAC, Dataiku; Biren Balakrishnan, Sales Engineering Manager, Sitecore; Christophe Bacon, Founding and Managing Partner, OmniStrada; Ganesh Raj, Director, Strategic Alliances, Freshworks Inc APAC; Harish Agarwal, Head of CX Solutions Strategy, SEA, Qualtrics, Riva UY Lead Solution Architect, OutSystems; to name a few.

The summit will be hosted on the virtual events platform Vmeets to help participants network and conduct business in an interactive and immersive virtual environment. Participants can also engage with speakers in Q&A sessions and network with solution providers in virtual exhibition booths, private consultation rooms and private networking rooms.

World CX Summit – Asia is officially sponsored by Platinum Sponsor – User Testing, Tech Data & Dataiku; Gold Sponsor – OutSystems, Freshworks; Sitecore and Alida; Silver Sponsor – Qualtrics; Bronze Sponsor Yellow Messenger, Vernacular.ai and Qiscus.

About World CX Summit

World CX Summit Asia aims to bring CX leaders and Marketers together to discuss how the latest technologies and customer insights can be combined to change CX as we know it. The summit will host a combination of insightful sessions, case studies, panel discussions, and workshops sure to deliver actionable insights that attendees can apply to their Customer Experience strategies.

For more information visit: https://asia.worldcxsummit.com/

For further details about the announcement, please contact:
Genevive D’souza
Corporate Communications Manager
marketing@tresconglobal.com

Top CX Leaders from India are Gathering Virtually to Discuss the Roadmap for Rebuilding India’s Technological Ecosystem

The inaugural edition of World CX Summit Jakarta that took place virtually last year has placed this summit in a league of its own; majorly due to the vast array of global experts in CX, investors, MarTech leaders and cloud entrepreneurs it managed to gather.

Taking place on 10 March 2021, the Indian edition of World CX Summit will feature keynotes from thought-leaders, industry experts, private networking sessions, secure audio-visual meetings, private meetings and more from thought leaders from India and abroad.

Customer experience (CX) has become the driving force for business and revenue growth today. Customers today expect an excellent brand experience regardless of the channel used. Any business with unique customer service across all channels of communication can significantly improve brand loyalty, customer satisfaction, traffic, sales, and ultimately, business revenue.

As the government’s Covid-19 restrictions ease, Indian consumers are resuming economic activities albeit with caution. The introduction of the government’s Digital India initiative hand in hand with the increasing internet penetration over recent years, have resulted in the country’s digital population amounting to approximately 688 million active users. The vast majority of Indian consumers have tried new shopping behaviours and digital habits during the crisis and report a high intent to continue.

“Customers today are far more aware than ever and it’s highly unlikely that they will hold brands for things they cannot control, but the brand needs to make customers understand expectations. One has to focus on what the pain points are and try to bring a correction there,” said Mithun Shetty, CEO of Trescon.

A ground-breaking collaboration of experts:

Eager to keep the momentum from its previous edition, World CX Summit will feature prominent experts such as Anand Tuli – Head of Customer Experience & Data Analytics, Vedantu; K. B. Nagaraju – Chief Customer Experience Officer, Bigbasket; Dhruba Roy Chowdhury – Head of Global Command Centre and APAC Support Operations, Uber; Vaishali Thakkar – Chief Customer Experience & Service Delivery, Praxis Home Retail Ltd. (Future Group – HomeTown); Shivangi Kamath – Head Quality Assurance and Process Improvement- Process Excellence Group, Tata AIG General Insurance; Saumil Mehta – Director & Country Manager, The Kraft Heinz Company and Sharatee Ghosh – Sr. Executive Vice President – Customer Experience Center & Virtual Relationship, Kotak Mahindra Bank to name a few.

World CX Summit – India will cover current topics including Digital Transformation with Customer-First Thinking, Customer Data: Designing for Transparency & Trust, CX Strategies for a Touchless World, Adopting Digital Omnichannel, Future of Chatbots & Virtual Assistants and much more.

World CX Summit – India is officially sponsored by Silver Sponsor – Freshworks; Bronze Sponsor – Teleperformance and Eastvantage; Associate Sponsor – Site24x7

To register your interest to attend WCX – India, visit World CX Summit – India (bit.ly/3br06wI)

About World CX Summit:

For further details about the announcement, please contact:
Karthik A
Marketing Lead
Trescon
marketing@tresconglobal.com

GBA Healthcare Working Group Releases White Paper as First Asset in Blockchain Ethical Design Framework for Healthcare

Beginning early 2020, the Government Blockchain Association (GBA) Healthcare Working Group (HWG) began undertaking the development of an ethical design framework for blockchain solutions in the healthcare industry as a service to the public. The GBA HWG is releasing the first asset in the Blockchain Ethical Design (BED) Framework for Healthcare in the form of a White Paper.

“We are excited to offer this guidance to healthcare policymakers, decision-makers and innovators in implementing blockchain featured technology in the healthcare space. The BED Framework for Healthcare is being developed collaboratively by members in the HWG including caregivers, entrepreneurs, healthcare technologists and legal professionals from around the world. We cover a comprehensive spectrum of use cases, regulatory and legal scenarios, and procedural insights based on real world experience in healthcare technology innovation. This White Paper is only the first asset in a suite of guiding tools the GBA HWG will be releasing through 2021, and we are looking forward to the feedback of our audience,” Marquis Allen, GBA Healthcare Working Group Chair

The purpose of this publication is to:

– Identify potential ethical issues of blockchain used in health service delivery
– Discuss potential ethical issues for stakeholders across the healthcare ecosystem including regulatory and compliance segments
– Propose a conceptual framework of blockchain ethics as it applies specifically to its design, implementation and use in healthcare.
– Create an outline from which the Blockchain Ethical Design (BED) Framework for Healthcare and its assets, tools, documents and content will be developed by the GBA HWG.
– Raise awareness and stimulate further debate on the ethics of blockchain in the healthcare IT, health system governance and regulatory communities.

The GBA invites you to contact them for more information.

Learn more about the GBA: gbaglobal.org
For more information about the GBA Healthcare Working Group: gbaglobal.org/HWG
To download the whitepaper: gbaglobal.org/download

Contact: Kathy Dache @ Kathy.Dache@gbaglobal.org

CoinSmart Closes CAD$4.5 Million Seed Funding; Plans to Expand into Europe

Canada-based cryptocurrency exchange CoinSmart has announced the closing of a CAD$4.5 million (roughly US$3.5 million) seed funding round and extensive plans to expand into Europe.

CoinSmart, owned by Simply Digital Technologies, told CoinDesk in a statement Monday the investment was raised earlier this year through the issuance of interest-bearing convertible debentures, a type of debt instrument. Investors in the round were not disclosed.

The funding will be used to expand CoinSmart’s platform into European markets and support operational changes. It will also help Simply Digital Technologies prepare for a planned reverse takeover ahead of a hoped-for public listing on the TSX Venture Exchange, said the firm.

Enabling its European expansion, CoinSmart said it has obtained a Financial Intelligence Unit license issued in Estonia. “CoinSmart’s fundamental mission is to make cryptocurrency accessible for people of all experience levels,” said CoinSmart CEO Justin Hartzman. “We’re excited about the ways in which crypto can help streamline payments within Europe’s financial system and subsequently better serve and protect our customers.”

Coinsmart (bit.ly/38b7IkQ): Justin Hartzman CEO (https://www.coinsmart.com)
Source: Plato Data Intelligence (Zephyrnet.com)