DeFi Platform Gluwa Has Been Selected for the Inclusive Fintech 50: 2021 Cohort By DailyCoin

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

Gluwa, the platform for decentralized financial services, has been selected as a winner of the Inclusive Fintech 50 competition, which this year selected the best among nearly 400 eligible applicants.

Gluwa is a blockchain platform that combines DeFi infrastructure with investment opportunities to create a new financial ecosystem for those who are under-banked or who live in unbanked areas through its permissionless Creditcoin blockchain. Gluwa was selected for the Inclusive Fintech 50, an initiative that aims to discover and leverage early-stage fintechs to help achieve a more inclusive financial ecosystem, based on an assessment across the four criteria of inclusivity, innovation, traction, and scale potential.

Inclusive Fintech 50 selects the top 50 global fintech early-stage companies working on high-social impact financial innovations. Its aim is to promote financial inclusion to under-served populations who may lack basic bank accounts or even identification. Participation in the competition provides startups with visibility and credibility among investors as well as media and partnership exposure. IF50 is sponsored by Visa (NYSE:), MetLife (NYSE:) Foundation, and Jersey Overseas Aid & Comic Relief, with support from Accion and IFC. The initiative is managed by the Center for Financial Inclusion (CFI).

As a cryptocurrency startup, Gluwa is well-positioned to improve financial inclusion. In addition to its non-custodial crypto wallet, Gluwa is active in the field of decentralized lending. Gluwa’s recently launched Gluwa Invest product allows users to receive up to 12% APY on their deposits with funds distributed to Gluwa Capital’s international network of fintech lenders aimed towards boosting financial inclusion.

Gluwa’s cryptocurrency, Creditcoin, puts down the foundations for a decentralized credit ecosystem by recording lending contracts on a decentralized blockchain. Users in underbanked countries can thus build a verifiable credit history and achieve greater access to capital. Fintech lenders worldwide in developing markets can secure their loan portfolios on the Creditcoin blockchain, while using this credit history to tap into lending pool liquidity and maximize their lending potential.. Creditcoin creates a global marketplace for lenders everywhere to help the disenfranchised, underbanked of the world.

“We are honored to have been selected for the Inclusive Fintech 50 competition,”
says Tae-Lim Oh, Co-founder and CEO of Gluwa.

“Our project aims to leverage fintech and crypto to create basic financial services for those who have been unserved until now. Our vision is fully aligned with the spirit of Inclusive Fintech 50, which is why this is going to be a great opportunity for us to create a network with investors or start-ups who want to make the vision a reality.”

Continue reading on DailyCoin

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.



This news is republished from another source. You can check the original article here.

Be the first to comment

Leave a Reply

Your email address will not be published.


*