Fintech
Horizon Launches $5 Million Series A Round to Support Build Out of Global Trading Venues Powered by Horizon’s Blockchain Technology
New York, NY, Dec. 03, 2019 (GLOBE NEWSWIRE) — via NEWMEDIAWIRE — GlobexUS Holdings, Corp. (Horizon), the Blockchain-as-a-Service solutions company, today announced a $5,000,000 Series A funding round to further develop and scale the operations of its proprietary full-stack digital securities issuance, compliance, and secondary trading technology which it markets to licensed, regulated financial institutions globally. This common stock investment opportunity is now open and can be found at https://horizon-globex.com/invest.
Horizon is a fintech company that develops defensible IP solutions and licenses its suite of turnkey blockchain software solutions to regulated financial institutions. The proprietary platform, which is live and in use today, supports the full lifecycle of a digital security, from primary issuance all the way through to secondary trading. This Series A round will support the expansion of Horizon’s software licensing business and its trading-operations services. The Company has signed an agreement with a U.S. broker dealer working to build an SEC-registered ATS. In addition, Horizon has signed agreements with regulated entities in Brazil and Australia, and an MOU with the Antigua and Barbuda Ministry of Finance & Corporate Governance, to build secondary trading venues using Horizon’s fintech solutions.
Horizon’s agreements provide the Company with software licensing revenues and a recurring trading-fee revenue-stream from its flagship blockchain trading solution, Open Order Book. Open Order Book offers regulated entities a compliant order-driven orderbook, on-chain matching engine, and instant trade settlement. The technology is coupled with a user-friendly app allowing users to trade digital securities directly from their smartphone.
Horizon products are also expected to power industry-specific blockchain trading venues that, if successfully launched, would allow large affinity groups such as sports and music fans to trade securities that represent a share of their favorite sports teams or music catalog royalties. Management believes that its unique integration of asset tokenization, KYC & AML, custody and secondary trading could lead the way for regulated specialty marketplaces to be created for fans to trade with one another.
In addition to Open Order Book, Horizon also licenses its compliance software to issuers, broker-dealers, banks and other financial institutions: Tokenetics offers asset tokenization and digital securities creation on a blockchain; KYCware offers a white-label onboarding app to streamline identity verification and suitability; AMLCop screens user details against our proprietary database of global sanctions, watchlists, and Ethereum wallet forensics; CustodyWare provides SEC-registered Transfer Agents, such as VStock Transfer, with digital securities custody, dividend payment services, and cap table management tools.
“We’re gearing up to help power a globally connected network of regulated blockchain-trading venues which we believe have the potential to drive the next generation of secondary market liquidity,” says Horizon CEO Brian Collins. “We are thrilled to give investors the opportunity to own a stake in our fintech business as well as in any future growth in our software licensing business.
“Capital markets are evolving right now, and we believe that Horizon is at the forefront of this evolution with our proprietary end-to-end suite of blockchain solutions and services that deliver a harmonized rule-book for transparent secondary trading of securities using a blockchain,” says Collins.
Horizon seeks to raise up to $5,000,000 pursuant to Regulation D Rule 506(c) to fund the global expansion of digital marketplaces, further research and development, strategic acquisitions, sales, marketing and operations. Horizon also intends to invest a portion of the proceeds to establish and power a MiFID II compliant Multilateral Trading Facility (MTF) to service European issuers, institutions and investors looking to list & trade digital securities on a blockchain. To learn more about the offering and to invest, please visit https://horizon-globex.com/invest.
About Horizon:
Horizon offers a suite of integrated blockchain software for compliant issuance through secondary trading of digital securities. Truly a compliance-first business, our solutions combine Wall Street and Silicon Valley to power the next generation of exchanges and securities offerings in the U.S. and globally. Current product solutions include asset tokenization through Tokenetics (tokenetics.com); a white-label KYC smartphone app to onboard and verify investors through KYCware (kycware.com); anti-money laundering screening against a database of global sanctions, watchlists, PEPs, and blockchain forensics through AMLCop (amlcop.com); transfer agent custody and dividend payment tools through CustodyWare (custodyware.com), and an advanced retail trading app for secondary trading on digital securities marketplaces using Open Order Book (openorderbook.com). All software applications can be utilized independently or integrated with one another. Learn more at https://horizon-globex.com/. Press Contact:
Vanessa Malone
(805) 637-1963
Forward-Looking Statements:
This press release may include ”forward-looking statements.” To the extent that the information presented in this press release discusses financial projections, information, or expectations about our business plans, results of operations, products or markets, or otherwise makes statements about future events, such statements are forward-looking. Such forward-looking statements can be identified by the use of words such as ”should,” ”may,” ”intends,” ”anticipates,” ”believes,” ”estimates,” ”projects,” ”forecasts,” ”expects,” ”plans,” and ”proposes.” Although we believe that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. Forward-looking statements speak only as of the date of the document in which they are contained, and GlobexUS Holdings Corp. does not undertake any duty to update any forward-looking statements except as may be required by law.
The Company entered into a software license agreement with Tripoint Global Equities, LLC to provide them with software to support their BANQ® ATS digital alternative trading system, together with a smartphone mobile user application, which they are currently developing. The owners of TriPoint Global Equities are Mark Elenowitz and Michael Boswell, both officers and shareholders of Company.
As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
The post Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA) appeared first on News, Events, Advertising Options.
Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
The post SPAYZ.io prepares for iFX EXPO Dubai 2025 appeared first on News, Events, Advertising Options.
Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”
Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
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