UnbankedX and United Nations UNDP 2020
In 2050 the world will need to sustain some nine billion people, requiring an increase in food production by about 70%. At the same time, climate change further strains our ever-depleting natural resources, increasing the vulnerability of the highly resource-dependent agricultural sector. The sustainability of global food production will depend on our ability to…
UnbankedX eyes pacific zone with 10 million consumers
UnbankedX pilots blockchain based banassurance platform in the Pacific region. Where economies of scale do not exist and markets under-served, our product low operating costs will help financial partners in that region to succeed. More will be revealed in May 2019
Plans for Europe
Europe is one of the biggest markets for digital banks. According to the European Banking Federation (EBF), the total value of loans outstanding from EU MFIs increased by 3.9% in 2017 to more than €24.5 trillion, surpassing the previous peak in 2011. The increase derived from growth in loans to…
Microfinance for 40,000 farmers in Philippines
We have started to offer finance to farms in the Philippines benefiting potentially up to 40,000 farmers with small crypto pegged loans with 3.5% pa returns 6-18 months tenure through our cooperative partners there
UnbankedX reaches 10,000 users in Africa and Asia
We have hit 10,000 users and grown rapidly. A lot of work still lies ahead to increase transactions Nonetheless our system has been gradually become one of the few bridges between the US$115b crypto market and micro-lenders.
UnbankedX looks at micro insurance products in MENA region
We have placed another stealth team in Dubai and Abu Dhabi to initiate research with a local partner to conduct feasibility studies to launch micro insurance services in the region
Avontrust Group acquires UnbankedX
Avontrust Group acquires UnbankedX from the original founders and invests to scale the business
We won a fintech competition and seed money US$10,000 to get started
UnbankedX team wins US$10,000 from a leading crypto brand ahead of 600 competitors to conduct feasibility studies in Kenya and to launch our service
Early Plans for US and South America
We hired a stealth team in the US and parts of South America to start researching and building a community of users we can launch with from 2023 onwards
How did we start?
How did we start? A former banker with a leading UK bank and a tech guy met for coffee in Singapore to talk about how blockchain was going to disrupt banking. The result - UnbankedX - a fully automated digital bank based on blockchain technology was conceived!