Almond FinTech, a B2B technology company known for its innovative approach in connecting the fiat and digital currency worlds, has recently achieved a significant funding milestone.
The company, which is dedicated to making financial services affordable and accessible globally, has secured a $7m investment. This funding is poised to expand Almond’s rapidly growing network across Asia, the Americas, and Africa.
This new investment comes at a crucial time for Almond FinTech. The company has developed a proprietary Settlement Optimization Engine (SOE) that tracks hundreds of digital currencies and blockchains. This technology is pivotal in identifying the most efficient routes for international transfers, ensuring low costs and high availability. Almond’s approach revolutionizes money movement with near-instant settlements, reduced forex risk, and minimal international float requirements.
Almond FinTech also offers a credit scoring platform. This platform uses behavioural analytics to offer fast, low-risk, and ethical loans, particularly benefiting communities with unconventional or limited credit histories.
Adam Swartzbaugh, CEO and co-founder of Almond, expressed his pride in leading a team passionately dedicated to improving global access to financial services. He highlighted the team’s potential for significant impact in the sector.
Yunus Sevimli, co-founder and CTO of Almond FinTech, added, “The change we are bringing to the financial sector is inevitable.
“Blockchain and digital currencies have already ‘crossed the chasm’ and are on a path to global adoption. What we are doing at Almond is using this global, ubiquitous technology as an infrastructure to move value across borders. This approach circumvents the friction and losses inherent in existing funds transfer models otherwise burdened by intermediaries and middlemen.”
Keep up with all the latest FinTech news here.
Copyright © 2023 FinTech Global
