Fintech – Page 32

Wirex Launches Crypto-Backed Credit

July 5, 2022 Published by TheFintechBuzz.com

Wirex, the leading payments platform, has launched Wirex Credit, offering highly competitive interest rates and no origination fee for crypto-backed loans. Users can easily borrow up to $100,000 in stablecoins, with a loan to value (LTV) of up to 80% within the Wirex app.

Crypto loans have become hugely popular in recent months due to their advantages over traditional loans. Wirex’s core aim is to bring the benefits of DeFi to the mass market, and Wirex Credit adds new use cases for crypto to their 5 million customers.

The product enables users to gain access to credit regardless of market conditions, whether that earning funds from investing into DeFi protocols or purchasing a getaway using the Wirex card. As the first company in the world to develop a crypto-enabled card, it’s linked up to the award-winning Wirex app, meaning credit can be spent at over 80 million locations globally, in-store or online, wherever Visa or Mastercard is accepted.

Wirex Credit is set to shake up the competitive landscape, offering a near-instant loan of up to $100,000 issued in USDC, USDT and NXUSD, with a LTV of up to 80% within the Wirex app. There will be no origination fee, set up fee, or requirement for credit and affordability checks, and users can borrow up to 5 lines of credit at once. Wirex offers complete flexibility; customers can pay back at any time and are only required to pay interest for the days that the credit line is live, where credit health can easily be checked in-app.

Wirex Credit adds to the London-based company’s arsenal of DeFi to CeFi products in their ecosystem. At the end of 2021, they released the world’s first mass market non-custodial wallet, whose unique biometric access system, next-generation user experience and cross-chain compatibility with zero exchange fees has proven hugely popular with fintech fans and core crypto users. Users can easily move their loans from the Wirex app to the Wirex Wallet, allowing them to earn crypto from staking and locking after connecting it to DeFi protocols such as Nereus Finance. Wirex recently invested 5 billion of their native token, WXT into Nereus for its rewards mechanism, where Nereus has since become one of the fastest growing DeFi platforms ever.

Pavel Matveev, CEO and Co-Founder of Wirex, commented, “This is a landmark point in Wirex offering more ways for everyday users to utilise crypto, and we’ve made it as convenient and straightforward as possible for our customers to take a crypto-backed loan. Wirex’s vast ecosystem of products means there are huge opportunities for using Wirex Credit, from HODLing to debit card purchases, or using the Wirex Wallet to earn in DeFi protocols.”

In the coming months, the company plans to expand the tokens that credit are offered on and the regional availability.

Wirex Credit is subject to the T&Cs, Privacy Policy and availability by region may differ. All credit lines are provided in stablecoins. Cryptocurrency is volatile and all lending is conducted at the user’s risk

Shon Ranawat, CEO of PreIPO Corporation™, is Accepted into the Y Combinator’s Program

July 5, 2022 Published by TheFintechBuzz.com

PreIPO Corporation (“PreIPO”), a Wyoming corporation with offices in Boca Raton, Florida and Boston, Massachusetts is pleased to announce that Shon Ranawat, CEO of PreIPO Corporation, the company that owns PreIPO.com, PreIPO-as-a-Service, TABs Diligence-as-as-Service and SPV-as-a-Service has been accepted by Y Combinator, the firm that helped fund Airbnb, Stripe, Doordash and Ginkgo Bioworks, to join their prestigious Startup School Program.

Y Combinator (YC) is a startup fund and program. Since 2005, YC has invested in nearly 3,000 companies including Airbnb, DoorDash, Stripe, Instacart, Dropbox, Coinbase and Reddit. The combined valuation of YC companies is over $300B. YC has programs and resources that support founders throughout the life of their company. Startup School teaches the basics of starting a company. The YC batch program helps founders as they build their product, talk to their customers, and raise funding. Work at a Startup makes it easy for founders to find their first engineers. YC Series A helps founders launch their A round. YC Growth Program provides founders with resources to scale their companies and hire an executive team, and YC Continuity invests in their later stage rounds.

Mr. Ranawat is gearing up to successfully position PreIPO Corporation for its pending Series A Round launch, scheduled for Q4 of 2022, while in the midst of the Company’s $8.75M Seed Round raise, by attending the highly-touted Y Combinator Startup Program. Mr. Ranawat has been a disruptive tour de force in the Fintech industry and is known for his avant garde video productions such as: https://www.preipo.com/image/prevideo.mp4

According to Mr. Ranawat, “Being accepted into the celebrated and world-class Y Combinator Program will help PreIPO Corporation to optimize the success of its upcoming Series A Round through a deeply immersive training and methodology program that incorporates well-known Alumni’s who have previously been funded, in part, by Y Combinator” into the over-arching curriculum.”

ATFX was awarded the “2022 Best CFD Broker in Southeast Asia”

July 4, 2022 Published by TheFintechBuzz.com

Recently, “The International Business Magazine”, a well-known publication in the financial industry, issued its annual industry awards. ATFX won the “2022 Best CFD Broker in Southeast Asia” for its distinctive brand, cutting-edge financial technology and services.

International Business Magazine is an international publication covering global finance and has attracted many readers from the Middle East, Africa, America, Asia and Europe. The awards established by the Magazine provide investors with a list of the best companies within the crowded global financial industry.

ATFX has stood at the forefront of financial technology since it was founded and entered the industry’s fast development track. In line with its “customer-centric” business strategy, ATFX has set up offices in Southeast Asia in Vietnam, Malaysia, the Philippines, and Thailand. By cooperating with well-known local companies, the company has established a comprehensive market trend analysis and safe trading mechanism.

ATFX has invested a lot of resources in fintech. Taking Southeast Asia as an example, ATFX launched the CopyTrade platform this year, allowing investors to be active in the market as “followers”. Not only in Southeast Asia, but ATFX’s fintech achievements are also being demonstrated in many regions worldwide. The company’s fintech products can also be seen in the Middle East, Latin America and other regions.

In just a few short years, the fintech services created by ATFX have achieved full coverage of the platform system, and the company has gradually grown into a fintech company with increasing brand influence.

(ATFX Website: https://www.atfx.com)

ATFX
ATFX is an award-winning FX/CFD broker with a global presence offering customer support in over 15 languages. With over 300 tradable financial assets, including currency pairs, commodities, energy, indices, stocks CFDs, and ETF CFDs. ATFX is regulated by the UK’s Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC) in Cyprus. ATFX is also licensed by the Financial Services Commission (FSC) in Mauritius and registered by the Financial Services Authority (FSA) in Saint Vincent and the Grenadines.

SOURCE ATFX

Philippines Embedded Finance Market Forecast to Reach $6,059.5 Million by 2029

July 4, 2022 Published by TheFintechBuzz.com

The “Philippines Embedded Finance Business and Investment Opportunities Databook – 50+ KPIs on Embedded Lending, Insurance, Payment, and Wealth Segments – Q1 2022 Update” report has been added to ResearchAndMarkets.com’s offering.

The embedded finance industry is expected to grow steadily over the forecast period, recording a CAGR of 36.4% during 2022-2029. The embedded finance revenues in the Philippines is forecast to increase from US$1,080.1 million in 2022 to reach US$6,059.5 million by 2029.

In the Philippines, there has been a growth in the number of customers demanding insurance products ever since the coronavirus outbreak. This demand, coupled with the highly under-penetrated market of the Philippines, offers significant growth potential for insurtech firms in the region.

Philippines-based digital wallet providers are entering into strategic partnerships with global insurtech firms to enter the embedded insurance market. For instance, in October 2021, PayMaya, one of the leading wallet providers in the country, entered into a strategic partnership with Bolttech, a global insurtech firm, to provide more consumers with easier access to affordable micro-insurance policies.

The publisher expects a new and innovative insurtech platform to emerge over the next four to eight quarters. This will further drive innovation and competition in the Philippines’ embedded insurance industry.

The embedded lending market also recorded strong growth in the last six quarters. Domestic fintech companies are collaborating with foreign technology companies to rope in new technologies in the Philippines financial industry. For instance, UBX Philippines Corporation collaborated with Chinese technology giant Alibaba Cloud. The collaboration is aimed to accelerate financial inclusion in the country by harnessing digital technologies. The collaboration is expected to attract the attention of more foreign companies. Consequently, more foreign companies are expected to enter the country, resulting in growth in embedded lending technologies.

The publisher expects increased collaboration and joint ventures to emerge over the next four to eight quarters. This will further drive innovation and competition in the Philippines’ embedded lending industry.

Before the global pandemic, e-commerce and digital services were not readily accessible in the Philippines. However, with the growing cases of the Covid-19 virus, digital services have become prevalent in the country. While some customers still prefer the traditional cash payments options, more Filipinos opt for digital payments for convenience and security reasons.

Since the coronavirus outbreak, continued growth in customers demanding embedded payments products has been witnessed. Local market players collaborate with foreign technology companies to rope in new technologies in the Philippine payments industry.

This report provides a detailed data centric analysis of market opportunity across 50+ segments in embedded finance industry covering lending, insurance, payment, and wealth sectors.

GoCardless to acquire open banking platform Nordigen, combining broad open banking connectivity with bank payment expertise

July 1, 2022 Published by TheFintechBuzz.com

GoCardless, the global leader in direct bank payments, has announced its plans to acquire Nordigen, the freemium open banking data provider, as it builds on its vision to become the world’s bank payment network. GoCardless will incorporate Nordigen’s next-generation open banking connectivity — offering the widest coverage in Europe, connecting to more than 2,300 banks in 31 countries — into its account-to-account network.

The acquisition means the fintech will now provide free open banking connectivity at scale, opening up self-serve access to account information services (AIS) to everyone. In addition, its suite of premium data products help improve outcomes across a range of use cases from credit assessments to customer engagement.

The announcement is the latest move from GoCardless as it accelerates its open banking strategy. Over the past 18 months it has launched its open banking-enabled Instant Bank Pay feature across multiple markets, as well as Verified Mandates, which combines AIS with direct debit to prevent fraud. This deal will enable GoCardless to acquire in-house open banking connectivity, which it plans to build on in the near future by expanding coverage and adding new payment types such as Variable Recurring Payments.

Hiroki Takeuchi, Co-founder and CEO of GoCardless, said: “Over the past few years it’s been amazing to watch open banking grow from a trend on the horizon to a global phenomenon which has given rise to a market worth over $400 billion. We realised early on that this technology would drive bank payments for decades to come and over the last 18 months, we’ve accelerated our push into open banking as part of our vision to build the world’s bank payment network.

The Nordigen acquisition will take us to the next level. By intelligently combining free, state-of-the-art open banking connectivity with deep payment expertise, we can now offer open banking-as-a-service to any developer, partner or fintech. We believe this open access will lead to experimentation, and that will create even more compelling use cases. We’re excited to redefine what open banking can do with the talented Nordigen team now on board.”

Rolands Mesters, CEO Of Nordigen, said: “At Nordigen, our mission is to help businesses around the world adopt and utilise open banking, enabling greater financial transparency and financial inclusion. We share GoCardless’s excitement about the growth of open banking, and we’re delighted to join forces with a group of people who not only share our passion for driving game-changing innovation in financial services, but will also help us bring free open banking access to a far wider audience.”

This deal was signed on 30th June 2022 and is expected to close later in the summer. Further terms of the acquisition were not disclosed.

Petale Group introduces the members of its Strategic Council composed of eminent economists and business leaders

July 1, 2022 Published by TheFintechBuzz.com

European fintech Petale, which operates innovative financial services from its digital infrastructure and democratises access to new forms of property and wealth management, is strengthening its governance with the formation of a prestigious strategic board.

This non-executive management body advises the group in its strategy to align synergies between traditional finance and decentralised finance using new technologies. It is composed of:

Pr. Christian de Boissieu, Professor Emeritus of Economics at the University of Paris 1 Panthéon-Sorbonne, vice-president of the Circle of Economists, former president of the Economic Analysis Council to the Prime Minister and regulator at the French Financial Markets Authority and former adviser of the World Bank and the European Commission. He provides, among other things, an insight into tokenomics, currency models, financing models, as well as compliance aspects.

Dr Pascal Lorot, Doctor of Economics, founding president of the Choiseul Institute and inventor of the concept of Geo-economics, brings his strategic, diplomatic and geopolitical expertise. His brilliant track record in both the institutional and private sectors, his unique network of young international economic decision-makers and his laureates from the Choiseul Institute rewarded for their innovation and influence, are all major assets to accelerate Petale’s international expansion.

Angélique Gérard, a graduate of INSEAD, is a special advisor to Xavier Niel, Chairman of the ILIAD Group, where she was Director of Free Subscriber Relations for 22 years and Chairperson of 8 subsidiaries, and a member of the Executive Committee of Iliad, of which she is a founding director. She was noticed by the Choiseul Institute, which awarded her first place in the “100 leaders of the French economy under 40” list in 2015, thus succeeding Emmanuel Macron at the top of the list. In 2020, she was ranked among the 40 most inspiring French women by Forbes.

Gwenaelle Avice-Huet, a physics graduate and holding an engineering degree from the Corps des Ponts et Chaussées, is a member of Schneider Electric’s Executive Committee, Executive Director of Strategy and Sustainable Development. She is also a member of the Board of Directors of Air France KLM. Gwenaelle previously spent over 10 years at Engie where she was a member of the executive committee in charge of global renewable energy and Managing Director North America. Gwenaelle brings her engineering and digital skills and her knowledge of the American market.

Florence Tondu-Mélique, Chairman and CEO of Zurich France and a member of the Group’s executive team. A graduate of HEC Paris and Harvard Business School, she began her career at McKinsey & Company before joining AXA Investment Managers and then Hiscox, at the heart of the global insurance market at Lloyd’s of London, where she held various executive roles including Chief Operating Officer for Europe. She is a director of listed and private companies in France and the UK. Florence brings her skills in strategy, risk management, governance and knowledge of the financial services sector.

Kevin Polizzi, Chairman of Unitel Group and founder of Jaguar Networks, one of France’s leading providers of secure data hosting with PCI-DSS banking accreditation, telecom solutions and intelligent services. Kevin brings skills in digital transformation, cybersecurity and data governance.

The members of the strategic board all bring their experience and vision in different areas of development to efficiently cover the high demand for accountability for “entreprises à missions et impact” (French status whereby businesses commit to corporate social responsibility initiatives) and new customer uses.

“With this strategic board, we are consolidating our governance in order to accelerate our development in this new and fast growing market of asset tokenisation. As such, we will continue to create new payment, investment and asset management experiences for our customers,” Babacar N. Seck, Chairman and Founder of Petale Group.

Petale continues to deploy its technologies, automating the investment and wealth management processes. Its value proposition responds to a very open market initiated to new types of digital assets. The group is preparing to open up its financial services via its mobile application to the largest possible number of qualified investors.

After Successful Tax Season, Embedded Tax Platform April Raises $30M Series A from Fintech Veterans

June 30, 2022 Published by TheFintechBuzz.com

Following a successful inaugural tax season, April (April Tax Solutions Inc.), a personal income tax platform that embeds into digital financial apps, announced today that it has raised $30M in a Series A Round. The fast-growing fintech startup has gained the attention of unicorn founders and leaders in the space, with backing from Treasury, a fintech infrastructure focused fund established by the founders of Betterment and Acorns.

In addition to Treasury, the round included participation from notable tech investors and financial leaders such as QED, Nyca Partners, Team8, Euclidean Capital and Atento Caital. The company has raised $40M since its launch in January 2022.

With $204B in overpayments returned to Americans this year and an increasingly complicated tax code, embedded tax promises to be the next essential area for disruption, and April is leading that charge. Launching at the beginning of 2022, April served thousands of American taxpayers through partnerships with several financial institutions. Propel, a mission-driven fintech company, used April’s tax platform to help its members file quickly and access their tax refunds. It took April users an average of 15 minutes to file their tax information, with 90% filing on mobile devices.

“We’re proud to partner with April as one of the few startups foTax Seasoncusing on how to make taxes easier for everyday Americans,” said Jimmy Chen, Founder and CEO of Propel. “There’s a major financial opportunity for the segment of Americans we serve to have access to the funds they need and help them put food on the table.”

April’s tax engine enables fintechs to perform tax calculations throughout the year, as data emerges. By embedding directly into a user’s banking app or website, April is able to proactively fill most information needed for tax filing, saving users time and money without adding on extra costs throughout the process.

April was co-founded by Ben Borodach, a former Deloitte fintech strategist who led corporate strategy for venture group Team8, and Daniel Marcous, the former CTO of the navigation startup Waze, which sold to Google for $1B in 2013, who later served as a lead data scientist at Google in Israel. Borodach and Marcous met through Team8 where they incubated the company. The co-founders have onboarded a team of 30 including renowned CPA Jody Padar, also known as “The Radical CPA,” to head April’s tax group.

“April’s main goal is to empower the taxpayer,” said Borodach. “By embedding tax into the banking and financial apps that folks are already using, we can drastically reduce the tension of tax filing, helping American taxpayers avoid overpayments and attain a better grasp on their overall financial picture, with the full power of the tax code at their disposal.”

April will use the new funding to expand its R&D capabilities and increase operational capacity in preparation for next tax season. “Tax is a logical extension of the modern consumer finance experience and April is well positioned to assist fintechs in bringing this capability to market,” said Jeff Cruttenden, who led the round from Treasury and previously co-founded Acorns and Say Technologies.

As part of the funding round, Lowell Putnam, a seasoned fintech infrastructure entrepreneur, will join April’s Board of Directors. Putnam was the founder of Quovo which later sold to Plaid. “Lowell’s experience pioneering modern fintech infrastructure will be invaluable to guiding April into our next phase of growth,” said Borodach.

FundFront is Reimagining the Alternative Investing with a New Partnership and Product Line-up

June 30, 2022 Published by TheFintechBuzz.com

FundFront, an alternative investment platform and a fintech company based in London, today announced a strategic partnership with Icon Asset Management (“Icon”), bringing MoSAIQ’s proprietary systematic and data-driven investment strategy to the FundFront platform with a launch of IMMS.

Commenting on the partnership, Amin Naj, Founding Partner of FundFront, said: “Our partnership with Icon complements FundFront’s commitment to bringing high-performing alternative investment strategies in one centralised investment platform. We are thrilled to welcome Icon to the FundFront platform.”

“We see increasing demand amongst our clients for strategies that are uncorrelated to their traditional equity exposures. The IMMS approach to equity investing is truly differentiated and we are excited to bring this innovation in asset management to our clients and investors.” says Naj.

The IMMS product emulates Icon MoSAIQ Max Sharpe strategy, that aims to deliver market neutral returns through investment across US large cap equities. In a segregated structure supervised by FundFront, a mandate is given to Icon to implement the strategy subject to specific investment guidelines and risk management policies. FundFront’s unique tech-based platform offers the IMMS strategy with daily liquidity, independent valuation, and risk oversight, giving investors the benefit from a high level of flexibility, transparency, and control.

Elias Nechachby, CFA, Icon’s Portfolio Manager said: “We are very excited by this new partnership with FundFront on the launch of MoSAIQ’s Max Sharpe certificate. Our objective is to provide investors with access to uncorrelated absolute returns by implementing a systematic and innovative investment approach. This partnership is an important step towards expanding our product reach through FundFront’s distribution capabilities.”

Unlike conventional alternative investment funds with onerous onboarding, subscription, and redemption processes, IMMS is available to purchase by qualified investors through most banks, and brokers by a simple trading order using ISIN. This mechanism is built with investor’s privacy and safety in mind – eliminating the need for additional KYC.

Flutterwave Appoints Former Goldman Sachs Managing Director, Gurbhej Dhillon as New CTO

June 30, 2022 Published by TheFintechBuzz.com

Flutterwave, Africa’s leading payments technology company, today announced the appointment of former Goldman Sachs’ Managing Director, Gurbhej Dhillon as Chief Technology Officer (CTO).

Gurbhej joins at a key time for Flutterwave, following its recently completed Series D funding round, valuing the company at over USD 3 billion, and maintaining its rapid expansion.

As the new CTO, Gurbhej will be responsible for further development of Flutterwave’s innovative technology platform which currently supports integrations with key technology partners like VISA, Mastercard, Discover Card Networks, and customers like Uber, Flywire, Booking.com etc. He will focus on improving the architecture and infrastructure, as well as providing leadership enabling other engineering and product leaders to create the best solutions that support business growth for customers.

Gurbhej joins Flutterwave from Marcus by Goldman Sachs, where he was the CTO and Head of Lending Engineering. He has extensive experience in enterprise application architecture across financial services and consumer businesses. At Marcus, he was responsible for launching platforms to significantly grow businesses while improving customer experience and established strategic partnerships with several Fortune 500 companies.

Prior to that, Gurbhej was CTO for Goldman Sachs’ Investment Banking Capital Markets team, responsible for the design, architecture, and build-out of strategic platforms that enabled clients to execute equity and debt product offerings.

Gurbhej is a great supporter of the Developer Community in Africa and admires the work they have done in recent times, building creative solutions at a world-class standard.

In his role as CTO of Africa’s leading technology company, Gurbhej hopes to support the Community to attain higher levels.

Olugbenga ‘GB’ Agboola, Founder and CEO of Flutterwave, said:
“I look forward to working closely with Gurbhej as we continue to expand rapidly. With the needs of our customers constantly evolving, we remain focused on driving further innovation across the business and continuing to develop our cutting-edge technology platform that simplifies payments and connects the African market with the world. Gurbhej’s experience and deep expertise in developing financial technology platforms will be instrumental in Flutterwave’s further growth.”

Commenting on his appointment, Gurbhej Dhillon said:
“I am delighted to be joining the Flutterwave team at such an exciting time for the company. As a leading financial technology company in Africa, Flutterwave is well positioned to capitalise on the global trends in payment digitisation and continue to drive Africa’s digital transformation, creating further opportunities for customers and merchants alike. It is a very crowded market with lots of new entrants so it is vital that we as a company continually look to innovate our products and services, improve our existing architecture and create endless possibilities for everyone.”

In February 2022, Flutterwave introduced a series of new products and services, including Fintech-as-a-Service, Capital, Grow and Card issuing, that would take the technology beyond payments. The fintech made improvements to existing products, such as a new powerful dashboard, Barter v4, and an AI-powered compliance process.

BOAX and Genesis Sign Joint Venture to Establish New Company “GMMG-BOAX”, to Engage in Metaverse Business

June 29, 2022 Published by TheFintechBuzz.com

On June 25, 2022, BOAX Limited (“BOAX”) and Genesis Metaverse Media Group (“Genesis”) signed a Joint Venture Agreement to establish a new company to explore Metaverse-Related businesses, including but not limited to the production of NFT content and sale of digital artworks.

The new company aims to leverage BOAX’s NFT technologies and experience in bringing big corporates to the metaverse, its bank backed NFT service platform, and strong connections in European and ASEAN digital assets space, with Genesis’s expertise in the development and creation of animated content, entertainment technologies and media resources, to realize a new generation of Metaverse that is closely aligned with digital assets consumers and the evolving metaverse applications.

Ian Wen, the founder and CEO of BOAX, stated, “Based on our mission to ‘provide clients with institutional-grade services to achieve their Metaverse vision’, we are excited to partner with Genesis to combine our expertise in fintech and NFT space with Genesis’s extensive Chinese and global entertainment and media network and content creation capabilities and form a joint venture between the two companies.”

Candy Heung, the CEO of Genesis, added, “BOAX is a leading company with proven reliability in providing end-to-end metaverse solutions to corporate clients and NFT collectors. Having BOAX as our joint venture partner will be extremely beneficial in producing and selling digital artworks. We believe this opportunity offers unique advantages for us, and we are keen to explore further opportunities over the next years.”

BOAX is an Art Tech Metaverse company providing end-to-end Metaverse solutions to corporate clients and NFT collectors. BOAX has established the world’s first NFT Marketplace supported by an offshore digital-friendly banking ecosystem. BOAX Marketplace focuses on collaboration with Master Artists and influential celebrities with stories to transform their masterpieces into new digital formats in the form of NFTs, thereby breathing new life and energy into the original pieces and enabling sharing of the unique meaning and perspective of the works in the new cyberspace. Co-founders of the BOAX team come from international auction house, legal, banking and auditing background.

In May 2022, BOAX won the Metaverse Pioneer Award, and Mr. Ian Wen, the founder of BOAX, won the Global Outstanding Youth Leader Award from Yazhou Zhoukan (亞洲週刊), a popular Chinese-language international affairs newsweekly. BOAX’s signature NFT series include: First of Its Kind in the World – BOAX Feng Shui Art NFTs; RMBits – the world’s first Chinese 3D voxel art featuring famous characters in Chinese literature; Dominic X Ian – LamIan Metaverse; “Time Travel X Banknote”; Yazhou Zhoukan “Great Powers” NFT series; NFTs x Authentic Paintings; Face off X AI; and Cang Hai Yi Sheng Shao by Ms. Dai Wenhua, and many more. Most recently, BOAX has built a Metaverse for the Hong Kong Fashion Designers Association, supporting its Juxtaposed 2022 Fashion Meta Event sponsored by Create Hong Kong.

Genesis Metaverse Media Group (“Genesis”) is a high-tech industrial group with content creativity as the core that emerged in the era of the Metaverse. Genesis is engaged in the businesses of film and television animation creative production, Metaverse sports events, Metaverse music concerts, Metaverse Expo, IP derivatives, NFT collections, etc. In the future, Genesis will continue to create, incubate, and operate high-quality IPs, and to establish a market-oriented high-tech industrial chain in the era of the Metaverse.

By joining forces, GMMG-BOAX is going to create unique digital artworks and NFTs, showcase their Web3 style Metaverse, and develop a new era of Blockchain aesthetics. One of the exciting upcoming projects of the joint venture include Kung Fu NFT Project featuring more than 129 types of authentic Chinese Kungfu styles in NFTs.

SOURCE BOAX

Tag: Fintech

Wirex Launches Crypto-Backed Credit

Shon Ranawat, CEO of PreIPO Corporation™, is Accepted into the Y Combinator’s Program

ATFX was awarded the “2022 Best CFD Broker in Southeast Asia”

Philippines Embedded Finance Market Forecast to Reach $6,059.5 Million by 2029

GoCardless to acquire open banking platform Nordigen, combining broad open banking connectivity with bank payment expertise

Petale Group introduces the members of its Strategic Council composed of eminent economists and business leaders

After Successful Tax Season, Embedded Tax Platform April Raises $30M Series A from Fintech Veterans

FundFront is Reimagining the Alternative Investing with a New Partnership and Product Line-up

Flutterwave Appoints Former Goldman Sachs Managing Director, Gurbhej Dhillon as New CTO

BOAX and Genesis Sign Joint Venture to Establish New Company “GMMG-BOAX”, to Engage in Metaverse Business

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