Tuesday, April 20, 2021
TechMoran
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Classifieds
No Result
View All Result
TechMoran
">
Home Blockchain

Kenya’s 4G Capital partners with Finhaven to launch a blockchain fund raising platform for microfinance

Milcah Lukhanyu by Milcah Lukhanyu
3 years ago
in Blockchain
6 min read
0

 

Kenya-based 4G Capital, a fintech company focused on empowering businesses in East Africa with micro-financing and business training to help informal SME businesses attain sustainable growth has partnered with Finhaven to provide qualified investors with the unique opportunity to participate in the issuance using cryptocurrencies.

The partnership also represents Africa’s first ever blockchain fund raising platform for microfinance. Finhaven’s equity and debt issuance platform utilizing the Ethereum blockchain for the creation of tokenized securities.

Finhaven relies on its proprietary coding and smart contracts to ensure that the creation, sale, and future resale of these security tokens will all be in compliance with applicable securities laws.

4G Capital gives SMEs access to credit and the skills to use it correctly. It provides each client with business training which enables them to use the credit we provide to positively grow their business.

“Conventional service providers see this as an insurmountable challenge. We see it as an opportunity to utilize data in ever smarter ways. Using our proprietorial machine learning system, we’ve found ways to use data from multiple sources to design credit products at scale which are optimized for segments, business risk, timescale and affordability,” the team says on its website.

The firm is expanding across Kenya, Rwanda and Uganda, creating a ladder of opportunity for those in most need to realise their aspirations.

Related posts

Ripple acquires 40% stake in Tranglo, a remittance firm with send capabilities to Uganda, Nigeria & Ghana

March 31, 2021
0

Binance Announces $1M Fund for African Developers

February 5, 2021
0

The Four Steps to Purchasing Bitcoin

November 20, 2020
0

Provably Fair Blockchain Algorithms the New Fad in iGaming

November 14, 2020
0

Paxful crypto marketplace partners with Uhuru Wallet

November 11, 2020
0

Top Tech CV Skills in 2020

November 9, 2020
0

Building on top of the Ethereum blockchain for issuance of security tokens, secure portfolio wallets, and an audit layer providing a log of transactions, Finhaven enables the creation of a unique token for each issuer. The Bitcoin blockchain powers Finhaven’s remittance layer, where investors accumulate Bitcoin (”BTC”) as the return from their investments.

The launch follows the close of USD $1 million in seed funding for Finhaven from Korean venture capital and private equity firm, Medici Investments.

4G Capital and TIMIA Capital will be collectively raising approximately USD $15 million. Vancouver-based TIMIA Capital specializes in providing revenue financing to software-as-a-service (”SaaS”) companies in exchange for payments based on revenue.

TIMIA also looks forward to utilizing the efficiency of Finhaven’s blockchain powered issuance system to create new financing products that better meet the needs of its customers.

Notably, Finhaven’s platform provides issuers with an innovative approach to the capital markets, making it easier, less costly, and more secure to raise global capital. Tokenized equity and bonds provide businesses with access to new markets, asset liquidity, programmable assets, secure and immutable data, and auditable trails of ownership.

READ  How About Being Paid In Bitcoin?

Finhaven is currently working to open a blockchain-based securities exchange, and is working with securities regulators to secure the necessary approvals. Once approved, this will position the company as an end-to-end solution for issuing, investing in, and trading regulatory compliant security tokens.

 

Readers 4,796

Share

  • Click to share on Telegram (Opens in new window)
  • More
  • Click to share on Tumblr (Opens in new window)
  • Click to print (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pocket (Opens in new window)

Like this:

Like Loading...

Related

Tags: Blockchain
Milcah Lukhanyu

Milcah Lukhanyu

Milcah Lukhanyu covers daily news briefs at TechMoran. She is the person who will probably read your press release and get the story out of it or totally trash it. Send tips to [email protected]

Related Posts

Blockchain

Ripple acquires 40% stake in Tranglo, a remittance firm with send capabilities to Uganda, Nigeria & Ghana

March 31, 2021
0
Blockchain

Binance Announces $1M Fund for African Developers

February 5, 2021
0
Blockchain

The Four Steps to Purchasing Bitcoin

November 20, 2020
0
Blockchain

Provably Fair Blockchain Algorithms the New Fad in iGaming

November 14, 2020
0
Bitcoin

Paxful crypto marketplace partners with Uhuru Wallet

November 11, 2020
0
Blockchain

Top Tech CV Skills in 2020

November 9, 2020
0
Smartphone with NEO symbol on-screen among piles of golden NEO coins. Blockchain transfers concept. 3D rendering
Blockchain

What is NEO? Can it Be the Finest Altcoin in Which You Can Invest

November 6, 2020
0
Blockchain

Blockchain Joins Major League Sports

November 2, 2020
0
Blockchain

Kenya Embracing Blockchain Technology To Keep Roads Safe

September 22, 2020
0

ADVERTISEMENT

Join our Mailing List

Loading

Recent Posts

Cairo-based grocery startup Appetito raises $450,000 seed

April 20, 2021

Bolt Food Appoints Country Manager for Kenya to Drive Growth

April 20, 2021

Moving Average Indicator in Forex Trading – How Does It Work?

April 20, 2021

How Commercials Can Influence the Success of Your Business?

April 20, 2021

All you need to know about VPNs

April 20, 2021
">
">

Follow Us

">

There are many sites out there focused on blowing off some steam, from funny entertainment to thrilling experiences like playing online, in some cases online gaming could grant you the chance to win extra money. We came across rocketpot.io while browsing for a good btc casino online and it left us a very good impression with their wide variety of games and crypto offering.

Privacy & Cookies: This site uses cookies. By continuing to use this website, you agree to their use.
To find out more, including how to control cookies, see here: Cookie Policy

© 2019 Moran Media Group - All rights reserved TechMoran.

No Result
View All Result
  • Startups
  • Reviews
  • Insider
    • Obituaries
  • Business
  • Women
  • Blockchain
  • Columnists
  • Hacks & Facts
    • How To
  • Editions
    • US Edition
    • India Edition
    • MENA Edition
    • Asia Edition
    • Europe Edition
    • International Edition
  • Classifieds

© 2019 Moran Media Group - All rights reserved TechMoran.

Login to your account below

Forgotten Password? Sign Up

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
%d bloggers like this: