Trending...
- 'Public Speaking Without Panic' Launches to Help Leaders Speak with Confidence
- Top Dentist Concord CA, Smile Makers Dental Care, Celebrates 500 5-Star Reviews
- Valley Sleep Therapy Expands to Prescott with New Location at Crossings Road
Finance Blocks will focus on emerging markets and the unbanked.
WELLINGTON, Fla. - Michimich -- Doubling down on the push for inclusion in the global financial landscape, Finance Blocks, a blockchain-powered fintech platform aimed to promote financial inclusion for the unbanked, receives a 25 million dollar capital commitment from Global Emerging Markets to continue efforts to digitize rural financial institutions in emerging markets and promote accessibility, transparent banking services, and financial inclusion world-wide.
Co-founded in 2019 by Jake Seltzer, Finance Blocks was created to address the 25% of the world's total population that does not have access to basic financial services. The unbanked face exploitative repayment terms from informal moneylenders and lack identity documents, credit scores, and awareness about financial products. Finance tech sophistication, such as blockchain-powered digital products, historically has not reached rural financial institutions (RFIs) and the unbanked.
Now, the capital investment will propel Finance Blocks into even the most rural corners of the globe, such as India, Nigeria, Zimbabwe, Botswana, Kenya, and Ghana.
More on Michimich.com
"These funds will allow us to continue developing our technology, expand our development team, onboard over three million users, create an intensive global marketing campaign, and allow charitable contributions of water and power to the areas in which we operate," said Seltzer.
Seltzer believes this technology will directly impact the global economy by way of the youth. Referring to them as "innovators of tomorrow," Seltzer believes financial and investing literacy will encourage higher education and break generational debt while creating new generations of middle class.
In its simplest form, Finance Blocks is a platform that will help RFIs switch from paper-based legacy systems to a secure, easy-to-use, and efficient digital system for all their processes. That allows RFIs to create unique digital identities for all their customers, compute their credit scores, manage their financial data, loans, fixed deposits (FDs), savings accounts, and more on a single platform. Users have an app that helps them stay instantaneously updated about their financial activity, such as withdrawals, deposits, transactions, loan equated monthly installments (EMIs), and interest on FDs. Based on the age of their account and financial activity, users are given Smart Credit Scores computed by blockchain-powered smart contracts.
More on Michimich.com
Blockchain technology is an integral component of the solution Finance Blocks presents.
"Blockchain technology plays a crucial role in lifting people out of poverty and providing better services to the populations of low and middle-income countries. It is a system of recording information that makes it difficult or impossible to change, hack, or cheat the system. Think of blockchain as an incorruptible digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. This process can be transformative for low and middle-income countries as corruption is the single largest issue affecting the unbanked," says Seltzer.
Global digitization will help the unbanked achieve upward economic mobility by providing the right financial tools in their hands. RFIs are then empowered with the resources and infrastructure to achieve their aims. To learn more, visit https://financeblocks.io or email info@financeblocks.io.
Co-founded in 2019 by Jake Seltzer, Finance Blocks was created to address the 25% of the world's total population that does not have access to basic financial services. The unbanked face exploitative repayment terms from informal moneylenders and lack identity documents, credit scores, and awareness about financial products. Finance tech sophistication, such as blockchain-powered digital products, historically has not reached rural financial institutions (RFIs) and the unbanked.
Now, the capital investment will propel Finance Blocks into even the most rural corners of the globe, such as India, Nigeria, Zimbabwe, Botswana, Kenya, and Ghana.
More on Michimich.com
- Real Estate Experts Highlight Jersey Shore as a Smart Buy in 2025
- Top 5 Mistakes Entrepreneurs Make When Applying for SBA Loans
- Michigan Computer Supplies Expands Reach into Livingston County with New Brighton Service Offerings
- $18 Price Target Issued in New Research Report After $34 Million Revenue Forecast from Acquisition; $101.5 Million Net Revenue in 2025; NAS DAQ: IQST
- West Dentistry Welcomes New Oral Surgeon to Enhance Patient Care
"These funds will allow us to continue developing our technology, expand our development team, onboard over three million users, create an intensive global marketing campaign, and allow charitable contributions of water and power to the areas in which we operate," said Seltzer.
Seltzer believes this technology will directly impact the global economy by way of the youth. Referring to them as "innovators of tomorrow," Seltzer believes financial and investing literacy will encourage higher education and break generational debt while creating new generations of middle class.
In its simplest form, Finance Blocks is a platform that will help RFIs switch from paper-based legacy systems to a secure, easy-to-use, and efficient digital system for all their processes. That allows RFIs to create unique digital identities for all their customers, compute their credit scores, manage their financial data, loans, fixed deposits (FDs), savings accounts, and more on a single platform. Users have an app that helps them stay instantaneously updated about their financial activity, such as withdrawals, deposits, transactions, loan equated monthly installments (EMIs), and interest on FDs. Based on the age of their account and financial activity, users are given Smart Credit Scores computed by blockchain-powered smart contracts.
More on Michimich.com
- Delta Industrial Provides Custom Flatwork for Factory Floors
- American Plastic Solutions Launches FAQ to Provide Tailored Plastic Fabrication Solutions
- AdviCoach of Southeast Michigan Helps Business Owners at Every Stage
- The AML Shop Launches New Financial Investigations Unit, Appoints Director to Lead the Initiative
- Raidium révolutionne le diagnostic de la Sclérose en Plaques en partenariat avec l'Hôpital Fondation Adolphe de Rothschild
Blockchain technology is an integral component of the solution Finance Blocks presents.
"Blockchain technology plays a crucial role in lifting people out of poverty and providing better services to the populations of low and middle-income countries. It is a system of recording information that makes it difficult or impossible to change, hack, or cheat the system. Think of blockchain as an incorruptible digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. This process can be transformative for low and middle-income countries as corruption is the single largest issue affecting the unbanked," says Seltzer.
Global digitization will help the unbanked achieve upward economic mobility by providing the right financial tools in their hands. RFIs are then empowered with the resources and infrastructure to achieve their aims. To learn more, visit https://financeblocks.io or email info@financeblocks.io.
Source: Finance Blocks
Filed Under: Business
0 Comments
Latest on Michimich.com
- Get Your Cowboy Boots On! Causeway Country BBQ Music Festival Kicks Off September 12–14 in Ft. Pierce
- Retired Hobbyist Launches Bold Weekly Album Project Using AI Songwriting Tools
- DimHum Launches Revolutionary CrowdShipping Service
- Eolian Signs New Information Exchange Agreement with the U.S. Department of Defense for Technology Innovation
- Infinite Health Introduces Cutting-Edge Regenerative Medicine for Wound Care with Trip Goolsby, MD
- Top Dentist Concord CA, Smile Makers Dental Care, Celebrates 500 5-Star Reviews
- Bio-Inspired Technology-Dynamic and Adaptable for unknown real-world environments
- 'Public Speaking Without Panic' Launches to Help Leaders Speak with Confidence
- Michael Reafsnyder opens solo exhibition at Scott Richards Contemporary Art in San Francisco
- Valley Sleep Therapy Expands to Prescott with New Location at Crossings Road
- $17.4 Million Total Revenue for First Half of 2025 (up 31.8% YOY) for Global Wet Trades Services Provider with High Value Bitcoin Investments
- $12.8 Million Net Revenue for 2024 for Cloud-Based Crowdsourcing Recruitment and SaaS-Enabled HR Solutions Provider: Baiya International Group Inc
- Rocket Companies Completes Acquisition of Redfin
- Hire Virtue Announces Executive Sponsorship Opportunity for Houston Hiring Blitz & Job Fair on August 6, 2025
- Inked & Maxim Model Teisha Mechetti Turns Heads—And Builds Community Impact
- Plan to Launch Silo Technologies' Cybersecurity Pilot Program for Ultimate Nationwide Deployment via Exclusive Partnership: Stock Symbol: BULT
- Robert Michael & Co. Real Estate Team Celebrates Industry Recognition and Showcases Premier Central Florida Listings
- NEW CHILDREN'S BOOK RELEASE: "Mommy, Where Is My Daddy?" by Tracy L. Gray
- UNIVERSAL MUSIC GROUP AND THE UCLA HERB ALPERT SCHOOL OF MUSIC ESTABLISH THE BERRY GORDY MUSIC INDUSTRY SCHOLARSHIP TO HONOR THE LEGACY OF A MUSIC PIONEER
- AI-Based Neurotoxin Countermeasure Initiative Launched to Address Emerging National Security Needs: Renovaro, Inc. (N A S D A Q: RENB)