Deloitte backs blockchain financial inclusion startup Humaniq

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fintech insurtech wealthtech regtech ai cybertech esg news

Blockchain-based banking startup Humaniq has landed backing from professional services giant Deloitte. The size of the round is undisclosed.

London-based Humaniq aims to develop financial inclusion-focused products and services around banking for the 2.5 billion unbanked people around the world.

The company’s priority regions are Africa, South and Central America and some parts of Asia and it claims it’s app uses emoticons allows even the most illiterate people to use it.

In addition to enabling financial inclusion, Humaniq also aims to provide biometric identity to tackle issues such as human trafficking and modern slavery.

It previously raised $3.8m through an initial coin offering while conducting trial projects across Africa and India.

In addition to the investment Deloitte will partner with Humaniq to offer audit, consulting, tax, and advisory support.

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