Billon Group, today 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 (DLT) 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 regulated 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.
In the US, the fight to eliminate cash and checks continues, but with Billon’s breakthrough technology banks can deploy a new digital payment capability 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.David Putts, Chairman and Managing Director of Expansion
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.
Thanks to clean APIs our solutions can be connected in a matter of days. Banks, merchants and corporate users will start using our existing Corporate Payout and eCommerce solutions almost instantly. In the US, just like in Poland and the UK, Billon can integrate with ATM’s and store networks to facilitate seamless cash-ins and cash-outs that take just a few seconds.Andrzej Horoszczak, Founder & CEO
Billon disrupts technological fundaments behind money and the way it is stored and moved between people and organizations. The company has created a revolutionary instant payments system tapping on advanced cryptography and distributed ledger technology.
We are the 1st FinTech company to solve problems of cumbersome and expensive trillion dollar alternative payments market, levering the proprietary distributed ledger technology to eliminate the need for vouchers, pre-paid cards, and other semi-cash payment methods. Billon builds pioneering white label products and customised solutions for companies that wish to reinvent corporate incentive payments and build digital engagement. The company also offers ready to use merchant services and content monetization tools.
Learn more at www.billongroup.com
Fintech71 is a non-profit start-up accelerator and innovation outpost for Fintechs and top financial services companies in the United States. Located in Columbus, Ohio, the accelerator focuses on growing entrepreneurial activity, attracting more Fintech companies to Ohio, and expanding the innovation pipeline for current private-sector stakeholders, including Ohio’s strong financial services base and Fortune 500 and Fortune 1000 companies headquartered in the state. More information at fintech71.com.