TMCnet News
IUNO to Scale Banking as a Service with Help of Blockchain Industry Leader seriesOneIUNO (www.iuno.io), a blockchain-powered platform decentralizing Banking as a Service, has partnered with seriesOne (www.seriesOne.com), to improve the $70 billion U.S. food-stamp market. The company will tap into seriesOne's end-to-end service offering, including fundraising counsel, management of the security-token offering, AML/KYC compliance and access to its exclusive global partner network of top-tier investors. IUNO is building a revolutionary peer-to-peer banking ecosystem, giving individuals complete control of their assets in a safe and efficient environment. The company's solution drastically reduces transaction costs for participants while providing better control of purchases and unauthorized transfers of ownership. "It's always gratifying to partner with like-minded organzations that aim to place the power where it belongs; in the hands of consumers," said Michael Mildenberger, CEO of seriesOne. "We believe banking as a service is an inevitable reality of the future, and IUNO is poised to be a global leader of this trend. Our unique mix of experience and global reach will help them scale quickly and efficiently." seriesOne serves as a mature and experienced force within an industry plagued by novice and inexperienced players. The company provides a one-stop-shop for privately-held organizations interested in raising funds in a fully-compliant and regulation-ready manner. It's newest partner IUNO offers consumers several benefits, including worldwide deployment of funds, simple user interface, safety platforms for high-risk industries, no chargebacks for merchants, no fees for in-network transactions, a peer-to-peer lending platform, crypto asset-backed debit cards and compliance tools for auditing. After a successful rollout in the US, IUNO will deploy a similar strategy in other markets with large food-assistance programs and unbanked-populations such as Brazil, India and Middle-Eastern countries. "For centuries, banks have exercised a stranglehold on the underprivileged and created a system of suppression and exploitation. The less money one has, the higher the costs to access banking services," said Amin El-Gazzar, CEO of IUNO. "We aim to change this dichotomy and level the playing field. I can't think of a better partner to aid us with this mission than seriesOne. Their network of contacts and deep-expertise is exactly what we need in the U.S., and beyond." ABOUT SERIESONE seriesOne is a FinTech leader created by industry veterans with decades of expertise across technology, investment banking, venture capital and financial compliance. The firm provides strategic counsel, regulatory compliance, fundraising infrastructure and access to a proprietary network of investors worldwide. All of seriesOne's services are conducted via SEC (News - Alert) approved exemptions such as Reg D, Reg. CF, and Reg A+, enabling companies to register, market, and escrow fund raising initiatives via compliant securities offerings.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180718005817/en/ |
