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Blackmoon Forges Multiple Strategic Partnership to Build New Investable ETx’s

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Blackmoon Financial Group, a blockchain Financial Service and Fintech firm announces multiple partnerships with reputable firms which include of Daneel.io,  Plato Technologies Inc., Dr. Werner & Partner, Jarvis International Ltd., Rivver and FintechSauce. The strategic partnerships serve to assist in the creation of branded Exchange Traded Indexes (ETx).

The new partnerships between Blackmoon and these firms will enable them to work very closely together to create a showcase of investable ETx’s that track the performance of a multitude of products, services and sentiment indexes that these firms offer.

Firms partnering with Blackmoon have an advantage over their competitors as they are able to further monetize their offering by making it an investable product.

For example, the partnership with Daneel allows the firm to turn their already successful sentiment API into a feed for an investible ETx, therefore, allowing investors to invest in the hype (or lack thereof) of a particular set of cryptocurrencies.

“As soon as we met in Malta Blockchain Summit, we were directly aligned with market expectations and the collaboration was the logical next step, we are eager to see how investors will react to this new kind of indices made possible by the AI,”  said Harold Kinet, Head of Communication at Daneel.

Fintechsauce will roll out a few ETx’s with Blackmoon whose goal will be to create investable ETx’s that track FintechSauce’s investable products.

“In order to succeed in almost any project, you need reliable partners. FintechSauce has been working closely with our clients to be the best financial advisors for them. And now, we are excited about finding the right partner for our business, Blackmoon. With their help, we are creating investment products that will bring financial success to people that believe in us,”  said Anastasia Nizhegorodtceva, Associate Director of FintechSauce

On the other hand, the ETx developed with Rivver will track their issued digital assets in real time.

“We are very excited to be collaborating with Blackmoon. Blackmoon’s innovative ETx approach is unique and necessary for the digitized securities ecosystem and we are very happy to be able to offer this added value to our clients,”  said David Benizri, CEO of Rivver

Jarvis Exchange’s ETx tracks the performance of a variety coin sets such as “most-traded” and “most-volatile” on the Jarvis Exchange.

We are very excited to partner with Blackmoon. It is always nice to find companies that share our belief in the collaborative genius. The ETx represent unique investment opportunities. We are happy to bring more value to our users as ETx enhance our offering, and to reveal Blackmoon value proposition to thousands of investors and traders, said Pascal Tallarida, Founder & CEO of Jarvis

Furthermore, Plato’s “On-the-fly” ETx’s aim to provide investors with direct access to Plato’s real-time strategies.

“We are really excited about what this partnership means in terms of driving institutional crypto adoption while supporting full compliance across an entire basket of proprietary crypto indexes,” said Bryan Feinberg, CEO of Plato

Dr. Werner & Partner’s ETx, on the other hand, will give investors direct access to Dr Werner & Partner’ client base.

“The partnership with Blackmoon will enable us to extend our (already advanced) crypto advisory services with security token offerings. The amount of interest for that sector is overwhelming and together with Blackmoon we will provide a state-of-the-art-service, that will enable the right client to launch an STO from A-Z,” said Philipp Sauerborn, a senior employee at Dr Werner & Partner

Blackmoon is still working on more partnerships and will announce them as they happen.

Solving the problem of liquidity

Knowing that one can liquidate his or her investment without an impact on price, is a key risk-metric to any and all investment decisions. An STO that supports a thriving and liquid market, immediately increases its perceived value, even if its product, bottom-line or management is not as high a quality as its competitors.  The liquidity of the marketplace defines the risk for an investor and the success of the issuer.  Without the ease of execution and liquidity, any STO will have limited success, if any at all.

Introducing Blackmoon’s Exchange Traded Indexes (ETx)

Blockchain technology may be a better alternative to raise capital from investors.  However, price discovery and trading liquidity also require the inclusion of speculators.  The ETx that Blackmoon issues on behalf of its partners’ brands incentivise traders and speculators to take the risk in the market, by offering them a fungible financial product to arbitrage for profit – further adding bids and offers to an STO that would otherwise not exist – effectively creating a balanced and stable price.

We have seen a surge of interest from firms around the globe, from a variety of sectors, seeking to partner with us specifically to form an investable ETx for them and we are glad that we can fulfil this need. The relationships are mutually beneficial and this serves as the strongest foundation for a long-lasting relationship, said Moshe Joshua, Chief Product Officer at Blackmoon

The strategic partnership with Daneel is one of many that Blackmoon intends to form over the coming months. Their ultimate goal will be to have an entire suite of innovative ETx’s to offer their own clients as well as those of their partners.

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Digital wealth manager Kristal.AI raises 6 million in Series A funding

Vlad Poptamas

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Kristal.AI Founders & Co-founders

 

Kristal.AI is a 4-year old invest-tech startup which uses a bionic approach to personalize investments. The company started its business in Hong Kong since 2016 and now it is planning to use its Series A funding, to bring its AI-driven personalized wealth platform to more countries in APAC regions.

Artificial Intelligence has long been hailed as the future of fintech, and Singapore-based digital wealth management platform Kristal.AI is proving that maxim true. The company, started by Indian entrepreneurs, has offices in Hong KongSingapore, and India. Kristal.AI is celebrating its 4-year anniversary in January 2020, after closing last year with a sizable Series A round of USD 6 million (upsized from an initial target of USD 4 million).

The funding round is led by long-term partners Chiratae Ventures (formerly IDG Ventures India) and influential names such as Desai Family Office, which has interests ranging from fintech to boutique investments. Other investors include HNWI names well known in the financial industry. This round brings the total Kristal.AI has raised till date to USD 11 million.

Financial technology has been evolving rapidly over the past decade. Despite the relatively small Hong Kong market, innovative technology companies have continued to emerge with the vigorous promotion of the government. Kristal.AI has also benefitted from the support provided by the Cyberport Incubation program and SFC Fintech Unit when commencing business here.

Hong Kong-based Co-founder of Kristal.AI Vivek Mohindra said, “Kristal.AI fulfils a much-needed gap in the HK market for the beginner and smaller investors who really don’t have much choices at present. We provide a digital mobile friendly solution that is educational and free of cost till HKD 400,000.” Hong Kong customers are now looking for smart investment platforms with higher transparency, lower fees, and other value-added services. The HKMA has recently released a report on the application of artificial intelligence in the banking industry, showing that nearly 90% of retail banks have used or plan to use artificial intelligence in their businesses.

Kristal.AI’s CEO and founder Asheesh Chanda added, “The aspirational class today does not live in boxes. We don’t work at the same job until retirement, we don’t all marry and buy houses at thirty, and most of us have a very different way of living than the generation before. However, the way we invest has not evolved with our evolving lifestyles. The new-gen investor needs strategies personalized for their individual risk profile, lifestyle, and expectations. Traditional banks offer such hyper-personalization only to high-profile clients, but we are bringing it to the everyman. Kristal.AI’s strategies are made for the new-age global investor.

Kristal.AI will use the Series A funds towards bolstering its technology backend, crafting more curated strategies (called Kristals), and expanding further into the APAC and Middle-East market. The company is also poised to launch a new offering for its Indian market very soon.

Since officially launching in February 2016, Kristal.AI has experienced consistent growth and currently handles overUSD 100 million in AUM, with 10,000 users on its platform. The company’s custom-crafted strategies have provided consistent returns to investors even in volatile markets, with both its Leveraged Bond Kristal and Singapore REITs Kristal achieving around 14% returns historically.

 

SOURCE Kristal.AI

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Asia sees VC deals decline in fourth quarter, 2019, finds KPMG analysis

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Photo source: caimmo.com

 

Hong Kong saw interest from venture capital (VC) investors during Q4’19, led by a USD 180 million funding raised by data centre construction and engineering company Chayora. Life sciences and TMT sectors remain of interest for VC investors in Hong Kong, according to KPMG’s Venture Pulse Q4’2019 analysis.

The VC market in Asia remained soft in Q4’19. Despite two USD 1 billion deals in the final quarter of the year, deal volume dropped from 1,232 deals in Q3 to 1,021 deals in Q4. On a quarterly basis, VC investment rose slightly to USD 18.7 billion in Q4’19. Year-on-year, the region’s total annual VC investment in 2019 was less than the USD 126 billion seen in 2018.

Egidio Zarrella, Partner and Head of Clients and Innovation, KPMG China, said, “Over the next few months, the word that will characterize the VC market the most will likely be ‘caution’. There’s still a lot of uncertainty in the market. Both companies and VC investors are getting quite fatigued with some of this uncertainty and that could easily impact short-term investment decisions.”

China’s overall VC investment was relatively steady quarter-over-quarter, led by a Q4′19 USD 1 billion funding raised by online housing platform Beike, followed by a USD 400 million funding raised by automotive company Xpeng and a USD 224 million funding raised by fintech WTOIP international.

In Q4’19, B2B companies were of particular interest to VC investors in China, with interest spanning across sectors such as fintech and logistics to companies focused on cloud-based technologies. Alibaba has been particularly active in the B2B cloud space, while Baidu and Tencent have started to make their own inroads, the analysis finds.

B2B services are expected to grow in 2020, particularly in areas such as financial services. VC investors in China are expected to continue to prioritize late-stage deals with a focus on companies with strong business fundamentals.

Philip Ng, Head of Technology, KPMG China, said “Both Chinese companies and VC investors in China are beginning to look globally to achieve growth. Southeast Asia and Europe were two prominent areas where China-based investors set their sights in 2019 — a trend expected to continue heading into Q1’20. Investment appetite has also changed from burning money to acquire market to deep tech innovation in China.”

Hong Kong IPO bourse secured the top position in terms of total funds raised in 2019 driven by Alibaba’s mega secondary listing in Hong Kong raising USD 12.9 billion in Q4.

Irene Chu, Partner, Head of New Economy and Life Sciences, Hong Kong, KPMG China, said, “While IPO sizes in general were down besides the mega transactions, they reflected much of the trends seen elsewhere in the world. While deal sizes may have fallen somewhat over the course of the year, TMT as well as health/life sciences continued to be a strong focus of VC investors in China.”

 

SOURCE KPMG China

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Wirecard and UZE Mobility Partner to Launch Innovative Services in e-mobility

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Wirecard, the global innovation leader for digital financial technology and UZE Mobility, open innovation platform for e-mobility services, have entered into a strategic partnership. The companies will join forces, combining their payment and geolocation technology to launch innovative services in e-mobility and further driving the megatrend New Mobility and Commerce on the Move.

In 2019, UZE Mobility started to provide cities with a fleet of multi-purpose carsharing vehicles and will scale in 2020 with so-called Digital Kits. These are digital advertising displays that are placed on each vehicle type and managed via the UZE Mobility platform. When in use, the vehicles safely capture geolocation data, which can be used by public and private entities in the creation of electronic maps, geotagging, and other uses in the field of mobility. This service is free for users, who contribute to the UZE Mobility marketplace with data collected only from the vehicle’s location and surroundings.

Simultaneously, the vehicles offer a one of a kind advertising space. This form of digital advertising gives businesses the opportunity to promote their products and services in precise demographic areas to reach a desired target market. For example, a retailer can advertise the opening of a new store branch on a vehicle travelling in the respective neighborhood. According to a 2019 report by Zenith Media, out-of-home advertising (OOH) expenditure is steadily increasing on a yearly basis, globally: in 2018, the global spend topped USD 38.5 billion, with that figure expected to hit USD 42.2 billion by 2021. As part of the cooperation, Wirecard will be the preferred payment partner for transactions carried out on the UZE marketplace.

“We are delighted to partner with Wirecard as we forge the path towards the future of mobility,” commented Sebastian Thelen, Co-Founder and CIO at UZE Mobility.

Alexander Jablovski, CEO and Co-Founder at UZE Mobility, said, “In Wirecard, we have found the technology partner with whom we are leveraging the enormous potential of mobility data that is still largely untapped today in order to open up new markets. I am very glad to partner with one of the most innovative companies in its field.”

“In 2020, we expect the Commerce on the Move trend to gain momentum and bring even more innovative, ground-breaking ideas to the mobility market,” added Stephan Ritzenhoff, Principal Manager Strategic Alliances at Wirecard. “For this reason, we are proud to cooperate with UZE Mobility, true innovators in the field of e-mobility. We look forward to working with UZE Mobility and making the future of mobility happen today.”

The UZE Ads Kits have received their road approval and successfully passed the proof of concept stage. By 2020, UZE Mobility aims to bring between 500 and 1,000 of these systems onto the roads in the DACH region. In addition, UZE Mobility is currently adding further display providers to its Mobility Digital out-of-home platform. UZE Mobility plans to scale accordingly in Europe and internationally in 2020. In addition, metropolitan areas such as Mexico City and San Francisco have expressed interest in the data platform and advertising systems of the company.

 

SOURCE Wirecard AG

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