Silot is a Fintech start-up in Singapore. It has lost US$ 3 million from investors in pre-series A funding. The investors included marquee names like Arbor Ventures and Eight Roads.
Fintech co. Silot raises US$ 3 million in funding
Eight Roads belongs to Fidelity International. Arbor Ventures specializes in early-stage investments...
NPA’s have been a problem for the banking and finance industry since time immemorial. Banks and financial institutions will go to any length in order to reduce these non-performing assets. Moreover, in the recent times as the leverage of the companies increased, NPAs have become a problem for most...
In most of the cases, it has been found that Fintech companies often cater to the millennials. They often develop products which are specifically geared towards the millennials. However, the millennial market, after all, is a portion of the entire market. That is why it is high time that...
iZettle recently announced that it intended to launch IPO in order to raise SKr 2bn. It is intending to list on the NASDAQ exchange in Stockholm. The Fintech start-up is aiming to increase its turnover by at least 40% each and every year for the next 3 years.
JP Morgan...
The OmiseGo team is preparing to expand the business alliance with two financial institutions in South Korea. After Ripple (XRP) and EOS succeeded in making such moves, the Omisego team signed an agreement with Shinhan and Woori , two major South Korean banks. Both banks will work on Omisego's Blockchain to ease financial...
As one of the biggest multinational communications technology companies based in China, Huawei Technologies Co. reported that users of smartphones will be able to download bitcoin wallets to new Huawei devices starting from May 11, 2018.
According to BTC.com business associate deputy chairman Alejandro de la Torre, Huawei is going...
The results of a test involving the Canadian Central Bank, the Toronto Stock Exchange and other non-profit institutions were shared with the public. Accordingly, Blockchain was provided with information that could be used safely in bond agreements.
The statement made by the joint venture of the three companies also stated that...
In February 2017, it was announced that 2 banks and 3 money transfer companies from 4 countries (India, Singapore, Brazil and Canada) will use the Ripple platform to make real-time international payments.
Coinone, a South Korean -based cryptocurrency exchange, has recently announced that it will use Ripple’s blockchain network to carry out cross-border transactions.
Coinone Transfer, which...
Emurgo, a Japan-based blockchain startup, announced today that Cardano will combine ADA currency with Metaps Plus.
Metaps Plus is one of South Korea's largest payment platforms with a volume of 10 million phones performing offline transactions in South Korea. This partnership aims to integrate the ADA tokens into more than 40,000 offline stores with...
It is recorded that the Chinese Ministry of Public Security has developed a blockchain system to store the evidence that police gathered from the scene in a safer way.
According to a statement by the Chinese Intellectual Property Office, the ministry's research arm applied for a patent application in November 2017. The subject of this application deals...
