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blufolio Invests In Payments Platform Liquineq

Swiss blockchain venture capital firm blufolio has invested in Liquineq is a global payments platform start-up based in Zug, Switzerland.

Balazs Klemm, blufolio AG founding partner, says of LIQUINEQ:

“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.”

Liquineq is targeting a specific segment of the global remittances market, and has a growth strategy involving third-party partnerships.

Matthew Le Merle, Managing Partner of Fifth Era and advisor at Warburg Pincus and Liquineq, comments:

“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.”