DeFi Platform Gluwa Has Been Selected for the Inclusive Fintech 50: 2021 Cohort | Tech News

Gluwa, the platform for decentralized monetary companies, has been chosen as a winner of the Inclusive Fintech 50 competitors, which this yr chosen the perfect amongst almost 400 eligible candidates.

Gluwa is a blockchain platform that mixes DeFi infrastructure with funding alternatives to create a brand new monetary ecosystem for many who are under-banked or who reside in unbanked areas by means of its permissionless Creditcoin blockchain. Gluwa was chosen for the Inclusive Fintech 50, an initiative that goals to find and leverage early-stage fintechs to assist obtain a extra inclusive monetary ecosystem, based mostly on an evaluation throughout the 4 standards of inclusivity, innovation, traction, and scale potential.

Inclusive Fintech 50 selects the highest 50 world fintech early-stage firms engaged on high-social affect monetary improvements. Its goal is to advertise monetary inclusion to under-served populations who might lack primary financial institution accounts and even identification. Participation within the competitors offers startups with visibility and credibility amongst buyers in addition to media and partnership publicity. IF50 is sponsored by Visa, MetLife Basis, and Jersey Abroad Assist & Comedian Reduction, with help from Accion and IFC. The initiative is managed by the Heart for Monetary Inclusion (CFI).

As a cryptocurrency startup, Gluwa is well-positioned to enhance monetary inclusion. Along with its non-custodial crypto pockets, Gluwa is energetic within the area of decentralized lending. Gluwa’s just lately launched Gluwa Make investments product permits customers to obtain as much as 12% APY on their deposits with funds distributed to Gluwa Capital’s worldwide community of fintech lenders aimed in the direction of boosting monetary inclusion.

Gluwa’s cryptocurrency, Creditcoin, places down the foundations for a decentralized credit score ecosystem by recording lending contracts on a decentralized blockchain. Customers in underbanked international locations can thus construct a verifiable credit score historical past and obtain better entry to capital. Fintech lenders worldwide in growing markets can safe their mortgage portfolios on the Creditcoin blockchain whereas utilizing this credit score historical past to faucet into lending pool liquidity and maximize their lending potential. Creditcoin creates a worldwide market for lenders all over the place to assist the disenfranchised, underbanked of the world.

“We’re honored to have been chosen for the Inclusive Fintech 50 competitors,” says Tae-Lim Oh, Co-founder and CEO of Gluwa. “Our mission goals to leverage fintech and crypto to create primary monetary companies for many who have been unserved till now. Our imaginative and prescient is totally aligned with the spirit of Inclusive Fintech 50, which is why that is going to be an awesome alternative for us to create a community with buyers or start-ups who need to make the imaginative and prescient a actuality.” 

About Gluwa

Gluwa is a borderless monetary platform based mostly in San Francisco. Created to offer entry to valued foreign money, credit score, or funding alternatives which are free from nationwide boundaries, the enterprise employs a worldwide staff distributed throughout the US, Canada, South Korea, and elsewhere. Gluwa presents a non-custodial cryptocurrency pockets, trade, and funding merchandise. The platform boasts over 2 million customers worldwide. | DeFi Platform Gluwa Has Been Chosen for the Inclusive Fintech 50: 2021 Cohort | Tech Information


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