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Digital wallet Startup Eco partners with climate action organization, KlimaDAO, to make money Smart & Clean

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Digital wallet Startup Eco partners with climate action organization, KlimaDAO, to make money Smart & Clean

Digital wallet provider, Eco, has partnered with climate action organization, KlimaDAO, in order to become a climate-positive company. Through the partnership, Eco will also be sharing its community-building technologies and programs, as well as a grant of its open rewards currency, Eco Points, to help KlimaDAO continue to grow its global community of climate activists.

Eco has made a “Smart Money” promise to consumers to correct the misalignment with their current financial services, which offer near zero interest and impose high fees, by building its tools on better infrastructure, operating with a business model fully aligned with their interests, and delivering a top-tier product. Eco does this through its digital wallet that offers up to 5 percent APY on deposits, 5 percent cash back on in-app purchases, and rewards for all saving and spending through the app in the form of Eco Points, Eco’s open rewards currency.

KlimaDAO, for its part, is inventing the future of clean money to correct society’s misalignment with our economy’s environmental costs. It’s realizing this vision by creating a carbon-backed cryptocurrency and increasing the value of carbon—the higher the price of emitting carbon, the more businesses are incentivized to produce low-carbon technologies and engage with carbon-removal projects. To date, KlimaDAO has stored over 15 million tonnes of carbon avoided or removed from the atmosphere in its treasury via tokenized carbon credits and is offering new decentralized products to democratize climate action.

Both Eco and KlimaDAO believe that we can all win together—individuals, communities, corporations, and the environment. To that end, KlimaDAO is helping Eco immediately become a climate-positive company, by Eco offsetting triple its corporate carbon footprint through 2022, as well as offsetting every employee’s work-related footprint. Eco has also committed to deploying Klima Infinity, KlimaDAO’s innovative new incentive program for helping organizations make and keep their pledges to become and remain climate positive in the years to come.

In turn, Eco will donate a grant of Eco Points to KlimaDAO to reward its community members for actions that support its mission of climate financial activism such as onboarding new members, answering their questions, or performing environmental good deeds. Eco is also sharing community-building technologies and engagement programs that have helped keep its community of global members deeply engaged in its mission to reinvent and realign the financial system.

“KlimaDAO and Eco are fundamentally aligned around what money can be—not only a means for enabling your daily life, but also a tool for creating the world you want to live in,” says Eco CEO, Andy Bromberg. “We’re proud to join KlimaDAO in taking a stand together for climate action and open systems—both components of the world we jointly believe in. This is the start of Smart, Clean Money.”

“KlimaDAO is thrilled to partner with Eco to leverage the power of blockchain technology in shaping a more sustainable future. Eco’s mission to democratize finance strongly aligns with our own mission of allowing anyone to engage with carbon markets and is a testament to the transformative potential of decentralized systems”, says Dionysus, KlimaDAO pseudonymous core contributor.

Through this collaboration, Eco and KlimaDAO are taking a step toward a future where money is both smart and clean—and in which everything else is dirty money.

Fintech

Fintech Startup Stockify offers safe, curated and verified Unlisted or Pre-IPO shares to Indians and NRIs

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Fintech Startup Stockify offers safe, curated and verified Unlisted or Pre-IPO shares to Indians and NRIs
  • Stockify helps investors diversify their portfolio without the associated risks
  • It offers a single-window, easy-to-use platform to analyze, buy and sell unlisted or Pre-IPO shares

Stockify, an exciting fintech start-up with offices in Bengaluru and Dubai, recently announced its brand new easy-to-use online platform to help Indians and Non-Resident Indians diversify their stock portfolio by investing in a new category of shares.

Unlisted or Pre-IPO shares are offered by early-stage investors, promoters and employees in the secondary market to raise funds in advance, in order to generate liquidity. Pre-IPO companies are those private firms that intend to list on the stock market leaderboard. Companies that have opened doors to investors, but have not yet been listed on the stock market and have not yet made an Initial Public Offering are said to have offered Unlisted or Pre-IPO shares.

Stockify makes buying and selling Unlisted or Pre-IPO shares as easy as A-B-C: Choose a company, complete your KYC to make the payment, and get your shares transferred.

“With Unlisted or Pre-IPO shares, buying early is key to maximizing profits,” said Piyush Jhunjhunwala, Co-Founder and CEO, Stockify. “These shares are always available at a cost lower than their listed peers. By investing early in a company’s Unlisted or Pre-IPO shares, investors can multiply their returns significantly once the company is officially listed on the stock exchanges.”

Rahul Khatuwala, Co-Founder, Stockify, said, “Stockify brings both sellers and buyers together for hassle-free Unlisted (Pre-IPO) share trading. These stocks can go public anytime and tend to offer a better return compared to listed firms. To put it simply, investors can enter the stock market without the anxiety of fluctuations. Unlisted shares have low liquidity as well as low volatility, leading to lower valuation but a higher return on investment.”

Investors on the Stockify platform can choose not only the companies they want to invest in, but also, depending on the firm, consult Stockify to unlock the best deal. “We recommend all our investors to connect with us to help them reach a decision,” said Jhunjhunwala, a qualified Chartered Accountant from India and a Certified Public Accountant from the United States with over 20 years of experience in leading multinationals such as PepsiCo and Reckitt Benckiser. “Our top-notch in-house analysis team does extensive research to give the best deal options to our retail public HNI investors.”

Stockify’s business mission is to partner with retail investors to find Pre-IPO stocks that have the potential to deliver multifold returns. “Previously, the Pre-IPO sector was accessible only to major investors, venture funds, hedge funds, PE funds and other specialized financial institutions,” said Khatuwala, also a qualified Chartered Accountant from India. “Now, we help our retail and HNI investors access the Pre-IPO market at an early stage and help maximize their wealth. We have a dedicated team focusing on Pre-IPO opportunities in India.”

On its website (www.stockify.net.in), Stockify offers a complete portfolio of companies currently offering unlisted shares. “As of now, we are not a registered investment advisor and we do not recommend trading of any share,” Jhunjhunwala said. “However, we list the most profitable Unlisted (Pre-IPO) shares based on our analysis and you are recommended to take advice from your financial advisors before making any decision. However, we are happy to assist on client requests.”

ABOUT STOCKIFY

Stockify is a customer-oriented platform for Unlisted or Pre-IPO shares in India. Its mission is to help HNIs and NRIs access multiple unlisted shares via the Pre-IPO route and maximize investors’ wealth.

ABOUT PIYUSH JHUNJHUNWALA

Piyush Jhunjhunwala is a qualified Chartered Accountant (CA) from India and a Certified Public Accountant (CPA) from the United States. He is a seasoned finance professional with over 20 years of experience in global conglomerates such as PepsiCo Inc., Reckitt Benckiser PLC, and Coty Inc. He has rich experience in multiple geographies, including MENA, Russia, Turkey and India.

ABOUT RAHUL KHATUWALA

Rahul Khatuwala is a qualified Chartered Accountant (CA) from ICAI, India. He is the founder of Finaco.in, a fintech company that delivers services across various verticals through a network of 5000-plus CAs and finance professionals in India. Rahul is acting CFO of multiple companies operating in diversified verticals. He heads Stockify’s Indian operations and is based out of Bengaluru.

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Fintech Startup PayTabs introduces SwitchOn®, the next generation payment solutions suite

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Fintech Startup PayTabs introduces SwitchOn®, the next generation payment solutions suite

PayTabs’ SwitchOn® platform offers unrivaled capabilities, value, and flexibility to established financial institutions, fintech’s and merchants in the MENA region

PayTabs – MENA’s award-winning payment processing powerhouse, made a jump start last year in its pursuit to pioneer next generation payments, by announcing the launch of its new home owned, globally validated unified payments and transaction processing platform, PayTabs SwitchOn®.

After multiple launches with clients across the region, the payment card industry (PCI) certified solution, includes a Switching and Authorization System, a Card and Wallet Management System, and the Unified API Gateway.

PayTabs SwitchOn® is now available for local deployment, at a fraction of the cost. With its own IP and built upon deep use case expertise, the flexible and compelling solution aims to empower innovation in the region by enabling flexible payment orchestration at scale.

As a Fintech enabler for the region, PayTabs’ mission is to simplify and yet orchestrate a unified payments experience and value for key players in MENA and beyond. Fintechs will find it particularly suitable to comply with local in-country regulations.

Established Financial Institutions and fintechs’ specific needs are met via the modular and hybrid deployment modes available.

PayTabs SwitchOn® architecture is designed to ensure a unique payment orchestration capability allowing clients from multiple industries and scale to maximise the benefits they get while in conjunction with the legacy systems.

From the Card and Wallet Management System to the Unified APM Gateway and passing by the various value-added modules, clients can select what best fits their needs. PayTabs’ experts will ensure the right deployment mode is provided, either it is a Hosted Managed Service, On-Premises, or Hybrid. PayTabs also provides custom fit white-label solutions.

PayTabs SwitchOn® solution for omni channel payments and its deployment modes provide answers and checks all the boxes to the growing demand for solutions that are compliant with the data localization directives and regulations for each country of operation. Which enables brands and large corporations across countries and regions to manage their payment complexities with a 360-degree view, reducing dependencies with third parties and thus streamlining the speed to market.

Commenting on the launch of PayTabs SwitchOn®, Johnson S Sasikumar, Group Head of Strategy, PayTabs said: “In the post covid era of emerging payments, this is good news for the region. By orchestrating a groundbreaking technology and as the next generation payment system architects, we have elevated our payment processing capabilities. With PayTabs SwitchOn® we are now able to deliver a 360-degree payment experience in a few weeks, at a fraction of the cost.”

Taff Morris, PayTabs VP- Divisional Head of SaaS added: “SwitchOn is the power behind PayTabs next generation payment processing solutions.”

About PayTabs

PayTabs is an award winning, payments solutions powerhouse founded by Saudi entrepreneur Abdulaziz Al Jouf in 2014.

PayTabs processes transactions in multiple currencies and markets, safely and securely. Using API plugins, PayTabs facilitates seamless B2B e-commerce solutions for small and medium enterprises across industries, to ‘plug and play’ payment features on to their websites. PayTabs prides itself on offering e-invoicing services enabling businesses to enjoy digital invoicing, pay by QR code or secure social media payment links.

Originally backed by Saudi Aramco’s “Waed” and later by private Saudi investment, over the years, PayTabs has in-built and exported a full stack of game changing solutions. These include mobile applications, hospitality, governmental, education, airline, travel, transport, and biller solutions, to interlink the multi-billion-dollar enterprise market chain in the MENA region.

In 2021, PayTabs launched “PT Touch”, the first SoftPOS solution in MENA to transform smart phones into merchant POS terminals. Last month, PayTabs launched its own social commerce platform, ‘Paymes’ to ease payments for micro merchants.

A proven game changer in the global payments space, PayTabs has dedicated offices in the UAE and KSA and presence in other locales including Egypt. The company is an equal opportunities employer with a diverse and multi-cultural team from over twenty nationalities.

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IOT Startup MagicCube Extends its Tap to Pay Acceptance Platform to Serve Enterprise and Big Box Retailers

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IOT Startup MagicCube Extends its Tap to Pay Acceptance Platform to Serve Enterprise and Big Box Retailers

i-Accept, the scalable software-based solution that enables payments acceptance on off-the-shelf devices, gains new capabilities designed to extend Tap to Pay beyond small and micro-merchants

MagicCubeTM, the startup that created the Software Defined Trust (SDT) category, today announced it is extending its Tap to Pay acceptance platform to help enterprise and big box retailers take advantage of software point-of-sale (softPOS) technology to reduce costs, improve efficiency, and deliver better customer experiences. i-AcceptTM, the platform that transforms off-the-shelf smart devices such as phones, tablets, and large screens into contactless payments terminals, introduces new attributes ranging from device management to easier PCI compliance intended to enable seamless, scalable, and secure Tap to Pay—with or without PIN—in complex, large retailer environments.

MagicCube extends its Tap to Pay acceptance platform, i-Accept, to serve enterprise and big box retailers

“With Apple releasing Tap to Pay as a component of its proprietary iOS operating system, it becomes more urgent to serve the two billion Android users that represent more than 70% of the global mobile market,” said Sam Shawki, CEO and cofounder, MagicCube. “i-Accept brings a robust, enterprise-grade solution that is secure, and not tied to a specific device maker, operating system, or card network—making it ideal to go beyond small and micro merchants and serve large retailers, which have a vast array of use cases.”

Among the new i-Accept capabilities designed to help enterprise retailers to reinvent, optimize, and improve their checkout experience, are:

  • Multi-acquirer and multi-merchant support from a single platform
  • Direct integration into complex systems without affecting PCI-DSS scope or certification
  • Unchanged transaction routing and full control of the existing acquirer and merchant flows
  • Flexible management of acceptance rules across multiple geographies
  • Message translation across different standards
  • Support of current and future compliance requirements for large retailers

Through i-Accept, acquiring banks and other financial services institutions can enable their large merchants and retailers to accept contactless transactions via payment cards and mobile wallets such as Apple Pay, Google Pay, and Samsung Pay—all at “card present” rates for merchants and without limits on transaction amounts for consumers. It’s also flexible to quickly adapt to acceptance of local card schemes or crypto wallets, and support check out features such as “Buy Now, Pay Later” and rewards programs, among others.

i-Accept can also securely capture financial PINs and other verification methods on NFC-enabled smart devices large and small— a key feature in European and other markets where the use of PIN is mandated.

Starting today, MagicCube will be demonstrating these enterprise-grade capabilities at Money20/20 Europe, booth C50, Hall 5.

About MagicCube

MagicCube leads the Software Defined Trust (SDT) category with its software-based solutions that replace hardware chips used today to secure sensitive data and authenticate whoever needs access to it. The technology enables secure, large-scale deployment and management of Internet of Things (IoT) and mobile solutions to consumers. MagicCube was awarded the first recognition of a software-based Trusted Execution Environment issued by EMVCo, the global consortium which facilitates worldwide interoperability and acceptance of secure payment transactions. MagicCube has been named by Network World’s one of the “10 Hot IoT Startups to Watch”, listed as a Cool Vendor in Security and Risk Management by Gartner, and is the only startup to sit on the board of the PCI Security Standards Council. Investors in MagicCube include Mosaik Partners, Shift4, Bold Capital, Epic Ventures, ID Tech, Sony Innovation Fund, and Visa, among others.

SOURCE MagicCube

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