3 startups reshaping the fintech landscape
(Photo: Guy Melamed, Eyal Rosenberg and Tal Amram)
There are currently more than 25,000 fintech startups worldwide. A strong indication that fintech is one of the fastest growing industries, with rapid growth in recent years and an expected market size of $310 billion this year. The emergence of innovative fintech startups has opened up a new playing field in digital asset exchange marketplaces, as well as in payment automation and procure-to-pay. In these two areas, we have witnessed the rise of three prolific Israeli startups, innovating their industries so their customers can benefit from a smoother and more productive experience.
Exberry transforms the digital asset exchange marketplace
The Israeli startup led by Guy Melamed has built the first-ever cloud-native exchange platform that supports all types of assets from cryptocurrencies to gold to NFTs. Exberry found a way to launch its exchange and marketplace quickly and efficiently with a better solution than those offered by its peers. “By enabling the industry to evolve with its matching and trading technology and breaking down old barriers, Exberry enables new players to enter the business arena without technical, operational and capital hurdles.” Co-founder and CEO Guy Melamed says: “Similar to Of all Exberry solutions, this is a cloud-native system delivered as SaaS (Software as a Service), allowing customers to focus only on building their business and operating their markets while relying on the tech side of Exberry . Again, Exberry’s Nebula enables exchanges and market operators to define, configure and launch a market in a matter of days.”
Nipendo has developed Procure-to-Pay 2.0
Nipendo P2P 2.0 is a cloud-based Procure-to-Pay process hyper-automation platform that is ERP-agnostic, supports all spend types, covers over 95% of total company spends and supports all supplier types and sizes regardless of transaction volume , achieving a supplier participation rate of over 90%.
Hundreds of self-developed software bots work behind the scenes, executing business rules, controlling P2P processes in accordance with company policies, ensuring compliance, preventing fraud, capturing discrepancies, correcting errors, resolving disputes and providing complete transparency to all trading partners.
Within this framework, Nipendo offers a self-service model that enables users to start automating supplier onboarding and automated interactions in days, with minimal cost and deployment effort.
Crymbo enables financial institutions to further liquidate digital assets
Crymbo was founded to fill the gap that mainstream finance has when trying to break into the world of digital assets. The company’s solutions aim to remove the key challenges and barriers and reduce time to market to connect with the digital assets market. Based on Crymbo’s holistic approach, the company has developed its technology based on a plug-in architecture with a single API, offering a selection of industry-leading services that provide a modular and fast setup for accessing digital asset trading and cold liquidity pools enable wallet platforms, risk management and AML tools that create a closed-loop environment with no counterparty risk. “We are hard at work and excited to offer our partners a simple, secure and easy-to-integrate solution to ensure they can scale and meet the needs of their customers, with the ability to enable trading of digital assets securely and secure ecosystem,” said Tal Amram, co-founder and CEO of Crymbo.
Fintech stats you should know
*Nearly 40% of financial firms see blockchain investments as important for the fintech industry.
*37% of financial services companies offer fintech-based products or services.
*94% of financial services companies are confident that fintech will drive growth in the coming years.
* The global fintech market was worth $127.66 billion in 2018 and is expected to reach $309.98 billion by 2022 at a CAGR of 24.8%. Source – PRNewswire.com
* Two-thirds of financial transactions are conducted online.
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