AMSTERDAM, NETHERLANDS - Media OutReach Newswire - 6 June 2024 - Money20/20, the world's leading fintech show and the place where money does business, has unveiled six startups that are poised to transform the world of money. The selected startups are Flexvelop, Brite Payments, Kore Labs, Nomyx, Velexa, and NALA. The emerging startups were unveiled during Money20/20 Europe's Startup Media Session on June 5th at the RAI in Amsterdam. Brite Payments is a Swedish instant payments startup offering smarter, faster, and more financially sustainable ways for payments and payouts thanks to open banking. Their technology allows funds to be transferred immediately and seamlessly with bank-grade security, minimizing risk for merchants and creating a hassle-free payment experience for consumers. It is truly an honor to be chosen by Money20/20 Europe, which has established itself at the center of the European fintech ecosystem, to share our vision for payments and highlight the enormous potential of our out-of-the-box instant payments solution. The regulatory and macroeconomic environment in 2024 is a major catalyst for the growth of Pay by Bank payments. Boosted by fresh funding in 2023, we have now made that crucial step from start-up to scale-up, placing us at the forefront of the movement," said Lena Hackelöer, Founder & CEO, Brite Payments. Kore Labs is a UK-based, award-winning RegTech startup digitizing financial product management to reduce regulatory risks, costs, and time to market for financial products. Kore serves a wide range of financial institutions, including major European banks, investment managers, and insurance companies. "Kore Labs is excited to be named by Money 20/20 as one of Europe's most promising startups. Our flagship product, KorePRM, continues to be a category-defining product management and governance platform for the financial services industry, already adopted by leading global firms. Kore Labs is disrupting the industry from within, by pioneering a new family of technologies specifically designed to make financial product management more transparent, efficient, and equitable. Kore Labs brings clarity, peace of mind and the power to make fully informed decisions for professionals in this industry - for the ultimate benefit of consumers," said Sabrina Del Prete, founder and CEO of Kore Labs. Nomyx is an American Web3 and AI tokenization startup enabling companies to transform traditional assets into digital tokens in a seamless, secure, and transparent manner. Businesses can tokenize a wide range of assets with Nomyx, such as traditional financial assets, real estate properties, art pieces, company shares, intellectual property rights, and collectibles. Nomyx unlocks liquidity for businesses and provides them with increased flexibility with portfolio management. "We look forward to engaging with the global fintech community and showcasing the innovative solutions NOMYX brings to the table. This platform offers an unparalleled opportunity to share our vision for NOMYX and demonstrate how we are revolutionizing the management of digital assets," said Ubair Javaid, CEO of Nomyx. Velexa is a London-based white-label API-based investing platform offering global market access across all major asset classes and currencies. Velexa is the only multi-asset platform that offers a cutting-edge B2B2C WealthTech technology that empowers banks, brokers, wealth managers, and other institutions to embed investing services in their portfolios, delivering a unified personal finance experience for their end users, ultimately making finance less intimidating. In this way, Velexa aims to revolutionize financial literacy and wealth management across Europe. "Thank you Money20/20 for selecting us alongside these five stellar startups and for supporting us in making our vision a reality. Wealthtech has the power and therefore the responsibility to enhance financial literacy and accessibility. We're not just helping Europeans manage their finances; we're empowering them to embark on a transformative wealth journey. Our partnerships with established banks and neobanks allow us to combine innovation with trust, creating a powerful force for financial initiation, " said Tamara Kostova founder and CEO of Velexa. NALA is an international money transfer app enabling individuals (nala.com) and businesses (rafiki.com) in the EU, US, and the UK to send money to 11 countries in Africa. Payments to Africa are significantly more expensive than payments to any other continent; NALA was built to reduce those fees through fast, reliable, and affordable cross-border payments. NALA has grown 29x in the past 20 months. Earlier this year, NALA turned profitable and achieved 10X revenue growth in the past 12 months. Their team grew from 7 to nearly 100 in this same time period. "It's a great opportunity to share the incredible growth story of Africa, the fastest-growing payment region in the world. Africa's population is set to grow from 1.2 billion to 2.5 billion, and with 1 in 6 people on the planet projected to be African by 2050, this makes the continent the world's largest global workforce. Yet, the payments infrastructure in Africa is only 1% built and the opportunity to build the technological infrastructure for Africa's economic revolution remains largely untapped. This limits global companies like Uber, Netflix and Amazon from operating in the region. At NALA, we've made it our mission to build payments for the Next Billion and we're excited to supercharge this journey with Money20/20." said Benjamin Fernandes, Founder and CEO of NALA. Money20/20's Startup Media Session was designed as part of its goal to support startups sitting at the intersection of finance and technology. Last year's winners included Net Purpose, Clima Cash, Eljun, GoKind, KYP, Zing, and Conduit, among others. To learn more about this year's featured startups, please visit: https://www.money2020.com/ Hashtag: Money20/20 The issuer is solely responsible for the content of this announcement. Money20/20Launched by industry insiders in 2012, Money20/20 has rapidly become the heartbeat of the global fintech ecosystem. Over the last decade, the most innovative, fast-moving ideas and companies have driven their growth on our platform. Mastercard, Wise, J.P. Morgan, SHIELD, Convera, Stripe, Google, VISA, Adyen, and more make transformational deals and raise their global profile with us. Money20/20 attracts leaders from the world's greatest banks, payments companies, VC firms, regulators and media platforms: convening to cut industry-shaping deals, build world-changing partnerships and unlock future-defining opportunities in Amsterdam (4-6 June 2024), Las Vegas (27-30 October 2024) and in Bangkok (22-24 April 2025).  News Source: Money20/20 06/06/2024 Dissemination of a Financial Press Release, transmitted by EQS News. |
