Fintech
Founders and Executives at Nine India-Based Companies will Present at Algorand’s Decipher Conference in Dubai, 28-30 November
Nine India-based companies building Web3 products on Algorand will be featured this week at the annual Decipher conference hosted by the Algorand Foundation at Madinat Jumeirah in Dubai, 28-30 November.
The strong regional representation reflects strong community-building and education efforts in India led by AlgoBharat, including developer hackathons, educational sessions at technical universities, and more. These initiatives have been aimed at increasing interest and adoption in Algorand and the broader blockchain industry among developers at both startups and established corporations in India.
Featured companies from the AlgoBharat ecosystem include:
- Contrato is a solution for smart contracts and finance management for Small Medium Businesses and Startups, is the world’s first KYC embedded contracting solution powered by blockchain smart contract. Contrato is building the next generation of business transactions based on trust and decentralized finance.
- Dapps.co is an App Store for decentralized apps but with additional layers of communication / notifications, commerce (paid apps & in-app purchases), ratings, and DIDs, aims to bring seamlessness to the Web 3.0 experience.
- Dygnify is a DeFi protocol that delivers digital asset liquidity to Small Medium Business (SMB)-focused credit Fintechs while enabling global digital asset investors to discover and invest debt capital in creditworthy SMB-focused credit fintechs/lenders across high-growth emerging markets.
- EKO India Financial Services is an established Indian fintech company, which enables digital product brands to tap and collect digital payment from customers through a unique platform of deeply embedded-in-the-community micro-entrepreneurs. Over the last 15 years Eko has serviced over 50 million customers through a network of over 300k micro-entrepreneurs. Eko desires to leverage the advantages of blockchain to further democratize access to services for customers with a distributed identity solution.
- Fragments is a platform that enables users to create on-chain vaults to set up a fund, define its goals and governance, raise capital from retail investors and invest together based on the decided governance framework. It effectively offers a collective investment DeFi product with multichain fundraising, four forms of governance, and trading history of user profiles.
- Kalga Labs is a Web 3.0 platform that enables more efficient collaboration between content makers and creators. Kalga Labs’ first product, InFiction, is a first-of-its-kind solution for TV and film writers to showcase their work through a decentralized database with built-in tools, analytics, and creative capabilities.
- NFTVerse is a white label, SAAS-based platform designed to bridge the gap between Web 2.0 and Web 3.0. The platform enables enterprises, brands, celebrities, influencers, and creators to launch their own fully customizable Web 3.0 apps including NFT stores, Marketplace, Crypto wallets, and Crypto tokens by integrating with their existing Web 2.0 apps and websites.
- Nowigence is a knowledge management company that uses its Web 2.0-based Pluaris™ technology to help enterprise employees augment knowledge with information and training materials from multiple data sources. Nowigence is now transitioning to an Algorand-based blockchain solution to verify and recognize skill acquisition through decentralized proof of knowledge and proof of experience, which includes social learning, community driven peer-to-peer learning, personalized learning, gamification and reward system, and hybrid learning models utilizing events.
- Wize is a one-stop NFT infrastructure and API toolkit that can deliver a personalized and secure digital experience for businesses, DAOs, and developers, offering POAP (Proof of Attendance Protocol) NFTs, Identity NFTs, Certificate NFTs, Event Ticketing, and more. Wize enables NFT Tokenization as a Service for B2B applications and solves the Web 3.0 adoption challenges across various industry verticals with its powerful dashboard, no-code application, SDKs and APIs.
“We’re thrilled to have such strong representation from India at this year’s Decipher event,” said Anil Kakani, Head of AlgoBharat. “Each of these companies recognizes the significant advantages of the Algorand blockchain and they are just a sampling of the use cases we expect to drive the organic diffusion of Algorand in our region. India has the best developers in the world, poised to harness the power of blockchain to tackle some of the most challenging problems we face. These companies featured at Decipher are just a few of the many leading the way into Web 3.0 on Algorand!”
The following presentations will be available to livestream for free via the Algorand Foundation YouTube channel:
- 29 November @ 11:25 AM – 12:05 PM (GMT +04): EKO cofounder Abhinav Sinha will appear alongside leaders from VISA CEMEA, FlexFinTx, and AgroToken, on the topic of “Financial Inclusion at Scale: A World Tour”
- 29 and 30 November @ 1:00 – 2:00 PM (GMT +04): Founders and executives at Contrato, Dapps, Dygnify, Fragments, Wize, Kalga Labs, NFTVerse, and Nowigence will present during the Decipher pitch competitions
- 30 November @ 11:00 – 11:40 AM (GMT +04): Nowigence Acting CEO Krishna Tammireddy will participate in “Delivering Web2 to Web3 (and Beyond),” alongside leaders from Napster, TravelX, and the Global Crypto Council
The following presentation will be recorded and published on the Algorand Foundation YouTube channel following the event:
- 30 November @ 10:30 – 11:00 AM (GMT +04): Kalga Labs founder Abhisar Srivastava and NFTVerse founder Neel Kamal will speak on “India’s Creator Economy is Booming! How Web3 is Accelerating It.”
Learn more about Decipher, and download the full agenda at https://www.decipherevent.com
For media interested in a press pass for Decipher, please contact [email protected].
Fintech
Plug and Play and GIFT City Launch “IFIH,” a Global Fintech Incubator and Accelerator
Plug and Play, a global accelerator platform and one of the most active early-stage investors globally, has announced a strategic partnership with Gujarat International Finance Tec-City (GIFT City). Through the partnership, Plug and Play will establish and run the International Fintech Innovation Hub (IFIH), GIFT City’s FinTech Incubator and Accelerator, which aims to foster research and innovation in financial technology, reinforcing GIFT City’s role as a premier global fintech hub.
GIFT City’s MD and Group CEO, Mr. Tapan Ray, said, “Our vision at GIFT City is to drive fintech innovation by creating a climate-resilient, inclusive ecosystem that empowers diverse entrepreneurs and builds workforce competitiveness in emerging technologies. With the support of prominent partners in fintech education and incubation, we are committed to nurturing a new generation of talent that will be well-equipped to meet the needs of an evolving global economy.”
Manav Narang, Head of Financial Services for Plug and Play APAC and Program Lead for the GIFT Incubator and Accelerator added, “We are thrilled to bring Plug and Play’s global expertise to GIFT City. Our vision is to create India’s largest industry-wide fintech program – a collaborative platform where banks, payments corporations, venture capital and corporate venture capital firms, accelerators, and ecosystem partners unite. Together, we aim to catalyze transformative fintech solutions and nurture fintech unicorns that will shape the future of finance in India.”
The program will support fintech startups with resources, mentorship, capital, and networking to navigate and excel globally in the dynamic fintech landscape. The first batch of startups will be unveiled in January 2025.
The post Plug and Play and GIFT City Launch “IFIH,” a Global Fintech Incubator and Accelerator appeared first on .
Fintech
Doo Financial Now in Indonesia: Offering Local Investors A Gateway to Global Markets
Doo Group’s brokerage brand, Doo Financial is thrilled to announce its expansion into Indonesia by acquiring a reputable Indonesian broker to expand the business. This move brings its global investment services to local investors. Backed by the strength of Doo Group’s extensive international presence, cutting-edge technology, and 10 years of expertise, Doo Financial is well positioned to support investors at every level.
As a brand encompassing investment services offered by various legal entities within the Doo Group, Doo Financial provides a comprehensive range of global brokerage services. This wide range of products empowers investors to pursue their financial goals.
With a diversified portfolio, Doo Financial empowers investors to navigate various market conditions effectively, manage risks, and focus on long-term growth. This entry into the Indonesian market reflects Doo Financial’s commitment to supporting investors with flexible, high-quality investment options tailored to today’s dynamic financial landscape.
Supervision by International Regulatory Institutions to Ensure Top-Tier Safety
As a global leading finance group, Doo Group has licensed entities regulated by top regulatory authorities worldwide, ensuring a secure and reliable trading environment.
Our global credentials include licenses from the U.S. Securities and Exchange Commission (US SEC), the Financial Industry Regulatory Authority (US FINRA) in the U.S., the Financial Conduct Authority (UK FCA) in the UK, the Australian Securities and Investments Commission (ASIC), the Hong Kong Securities and Futures Commission (HK SFC), Badan Pengawas Perdagangan Berjangka Komoditi (BAPPEBTI) in Indonesia. These licenses enable us to provide secure and reliable financial services globally.
Dedication to Shape the Industry with Innovative Solutions
Doo Financial’s expansion into Indonesia brings advanced technology and a global perspective to empower local investors. As an international investment firm committed to secure and seamless trading, Doo Financial offers a diverse range of products and services to help diversify portfolios and open up new opportunities.
This growth elevates opportunities for Indonesian investors by offering seamless access to global markets and advanced trading platforms within a secure and regulated environment. It broadens investment choices and enhances the trading experience, aligning it with international standards and empowering local investors with comprehensive tools and resources for success.
Driven by unwavering commitment, this growth marks a significant milestone in Indonesia’s investment landscape, equipping our clients with the tools to navigate global markets. We remain dedicated to delivering exceptional service, exploring new opportunities, and driving future breakthroughs. With continued support from the FinTech community, we are excited to innovate and shape the future of finance.
Stay updated with the latest insights from Doo Financial. Join our community of empowered investors and let us be your trusted partner!
E-mail: [email protected]
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Fintech
Fintech Pulse: Evolving Fintech Investments and Partnerships Signal Industry Transformation
Fintech is on an accelerated trajectory of investment, collaboration, and innovation. This pulse tracks the most significant developments in the sector, from high-profile investments to global platform expansions. Each update in this briefing serves as a key indicator of where the industry is headed.
1. European Fintechs Face Regulatory Pressures Amid New Investment Surge
The European fintech sector finds itself at a crossroads with increasing scrutiny and rising costs due to stringent regulations. While investments continue to flow into the continent’s financial technology companies, challenges in meeting new compliance requirements, especially around data privacy and cybersecurity, create a complex landscape for scaling. This tension between opportunity and operational limitations might affect European fintechs’ growth strategies.
Source: Financial Times
2. Shopify, Slack Founders Join Peter Thiel in Fintech Investment Push
Tobi Lütke of Shopify and Stewart Butterfield of Slack, along with investor Peter Thiel, have co-invested in a new fintech initiative that aims to bolster small business access to capital. By merging technology with a streamlined funding model, this new initiative targets underserved SMBs, highlighting a broader trend of high-profile tech leaders pivoting to fintech investment. The participation of Lütke and Butterfield signals increased cross-sector collaboration in fintech, bringing expertise from e-commerce and communication technology into the financial arena.
Source: Yahoo Finance
3. Lean Technologies Raises $67.5 Million to Drive Fintech Innovation in the Middle East
Riyadh-based fintech platform Lean Technologies recently secured a $67.5 million Series B investment round, aiming to expand its operations across the Middle East. This funding reflects growing investor interest in emerging markets and the potential of Middle Eastern fintech to bridge regional gaps in financial services access. As Lean Technologies broadens its service offerings, the funding will support further technological integration and scalability across financial ecosystems in the region.
Source: Fintech Global
4. Apollo Global Management Invests in Fintech for Private Offerings Support
Apollo Global Management has taken steps to enhance its services for private offerings by investing in specialized fintech solutions. This development signifies a growing trend among private equity firms to adopt fintech as a core component in their service expansion, particularly for personalized client services. Apollo’s strategy of integrating fintech solutions into private offerings marks a strategic shift toward digitalization within traditional financial sectors.
Source: Bloomberg
5. Juniper Research Names 2025’s Future Leaders in Fintech
Juniper Research has revealed its picks for the top future leaders in fintech for 2025. This list emphasizes innovation in fields such as AI, open banking, and decentralized finance, highlighting startups that exhibit potential for reshaping industry standards. As these up-and-coming firms push the boundaries of traditional finance, they exemplify the rising tide of next-generation financial technology poised to become industry mainstays.
Source: Globe Newswire
Conclusion
The convergence of seasoned tech giants with fintech, new funding rounds for region-specific platforms, and the rise of future industry leaders underscore the momentum of the fintech sector. Each of these stories reflects a broader narrative: fintech is not only diversifying in services but also rapidly integrating into traditional finance and tech, paving the way for a transformative era.
The post Fintech Pulse: Evolving Fintech Investments and Partnerships Signal Industry Transformation appeared first on HIPTHER Alerts.
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