MonetaGo Reaches Over 1 Million Transactions in India, Onboards Five New Clients in the Country in Fresh APAC Push

  • Blockchain , Fraud Detection
  • 29.09.2020 11:43 pm

MonetaGo, the pioneer in using blockchain technology to fight fraud and inefficiencies in financial workflows, has gained fresh momentum in its APAC expansion. 

The company has over one million transactions in India. This comes alongside five new Indian alternative finance platforms being onboarded to MonetaGo’s Secure Financing solution, which mitigates the risk of double invoice financing. 

This is supported by its broader activity in India, where MonetaGo has surpassed over 1 million transactions and continues to add banks and alternative finance platforms to its Secure Financing solution, including five in the last month alone. New participants include alternative lenders Xpedize, India Factoring, Finovate Capital, 121Finance and RAMSUN Network.  

Jesse Chenard, MonetaGo CEO, said: “Many countries in the APAC region are now recognized as trailblazers in the adoption of blockhain technology and the quest for digital transformation. So, it makes complete sense for us to grow our team and client base over there. Despite this year bringing unprecedented challenges to all businesses, it is a testament to the strength of our proposition that we have been able to actually grow and diversify during this time. We look forward to expanding further into APAC and beyond in the future.”

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