Billon Group announces it has been accepted into the non-profit Fintech accelerator Fintech71 based in the USA. It is one of ten start-ups selected and one of the few distributed ledger technology companies with proven and live products.
Billon created a breakthrough DLT payment technology for banks, corporates, merchants and individuals that want to settle information and everyday (not crypto) currency instantly and on mobile devices. Billon currently operates in Europe, in both Poland in partnership with banks, and in the UK, where it is an FCA registered e-money institution. Billon currently supports PLN, EUR, and GBP payments.
Fintech71 provides an opportunity for Billon to explore dollar (USD) operations in conjunction with banking and regulated partners of Fintech71. Billon’s platform integrates with existing banking systems and is regulatory-compliant, so it can provide USD operations and low-cost solutions.
David Putts, Chairman and Managing Director of Expansion, adds: In the US, the fight to eliminate cash and checks continues, but with Billon’s breakthrough banking technology, new digital payment capability can be deployed at a price point where even the smallest transaction can be digitized and made profitable. Fintech71 is the perfect partner to help us raise the visibility of our solution.
Andrzej Horoszczak, Founder & CEO, adds: With clean APIs, a bank can connect Billon’s solution in a matter of days, and begin using our existing Corporate Pay out and eCommerce solutions. And as in Poland and the UK, Billon can integrate with ATM’s and store networks to facilitate the conversion of cash to digital, encrypted format.
In addition to financial investment, Billon will receive technical advisory support from Accenture and access to C-level decision-makers from a wide variety of established blue-chip firms that will provide mentorship to the company.