blufolio AG, a Swiss blockchain investment firm and manager of the Luxembourg-registered blufolio venture capital fund, has invested in Liquineq, a global payments platform start-up based in Zug, Switzerland.
Liquineq is targeting a specific segment of the global remittances market, with strong potential for growth via a strategy of third-party partnerships.
Balazs Klemm, blufolio AG founding partner, says: “We are delighted to support the growth of Liquineq, which is targeting a clear gap in the market for global remittances. We see a wealth of opportunities for Liquineq’s top-drawer management team to leverage its offering via partnerships in emerging markets and look forward to accompanying them on their growth path.”
Matthew Le Merle, Managing Partner of Fifth Era and advisor at Warburg Pincus and Liquineq, says: “For the global remittance market banks want a much faster, secure, low transaction cost, compliant and immutable distributed ledger platform that they can use on their own behalves. Liquineq has already created this solution and started deployment. Liquineq has built a platform of the future for critical banking products and processes.”
