Trending...
- Heritage at South Brunswick Introduces New Ferndale Floorplan: The Largest Single-Family Home Design in the Community - 110
- International Rights Groups Raise Alarm Over Freedom of Religion and Expression in South Korea
- Birkdale Investments LLC Acquires Assets of Mumbai Central Farmers Market, Unveils Expanded Vision
Finance Blocks will focus on emerging markets and the unbanked.
WELLINGTON, Fla. - PennZone -- Doubling down on the push for inclusion in the global financial landscape, Finance Blocks, a blockchain-powered fintech platform aimed to promote financial inclusion for the unbanked, receives a 25 million dollar capital commitment from Global Emerging Markets to continue efforts to digitize rural financial institutions in emerging markets and promote accessibility, transparent banking services, and financial inclusion world-wide.
Co-founded in 2019 by Jake Seltzer, Finance Blocks was created to address the 25% of the world's total population that does not have access to basic financial services. The unbanked face exploitative repayment terms from informal moneylenders and lack identity documents, credit scores, and awareness about financial products. Finance tech sophistication, such as blockchain-powered digital products, historically has not reached rural financial institutions (RFIs) and the unbanked.
Now, the capital investment will propel Finance Blocks into even the most rural corners of the globe, such as India, Nigeria, Zimbabwe, Botswana, Kenya, and Ghana.
More on The PennZone
"These funds will allow us to continue developing our technology, expand our development team, onboard over three million users, create an intensive global marketing campaign, and allow charitable contributions of water and power to the areas in which we operate," said Seltzer.
Seltzer believes this technology will directly impact the global economy by way of the youth. Referring to them as "innovators of tomorrow," Seltzer believes financial and investing literacy will encourage higher education and break generational debt while creating new generations of middle class.
In its simplest form, Finance Blocks is a platform that will help RFIs switch from paper-based legacy systems to a secure, easy-to-use, and efficient digital system for all their processes. That allows RFIs to create unique digital identities for all their customers, compute their credit scores, manage their financial data, loans, fixed deposits (FDs), savings accounts, and more on a single platform. Users have an app that helps them stay instantaneously updated about their financial activity, such as withdrawals, deposits, transactions, loan equated monthly installments (EMIs), and interest on FDs. Based on the age of their account and financial activity, users are given Smart Credit Scores computed by blockchain-powered smart contracts.
More on The PennZone
Blockchain technology is an integral component of the solution Finance Blocks presents.
"Blockchain technology plays a crucial role in lifting people out of poverty and providing better services to the populations of low and middle-income countries. It is a system of recording information that makes it difficult or impossible to change, hack, or cheat the system. Think of blockchain as an incorruptible digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. This process can be transformative for low and middle-income countries as corruption is the single largest issue affecting the unbanked," says Seltzer.
Global digitization will help the unbanked achieve upward economic mobility by providing the right financial tools in their hands. RFIs are then empowered with the resources and infrastructure to achieve their aims. To learn more, visit https://financeblocks.io or email info@financeblocks.io.
Co-founded in 2019 by Jake Seltzer, Finance Blocks was created to address the 25% of the world's total population that does not have access to basic financial services. The unbanked face exploitative repayment terms from informal moneylenders and lack identity documents, credit scores, and awareness about financial products. Finance tech sophistication, such as blockchain-powered digital products, historically has not reached rural financial institutions (RFIs) and the unbanked.
Now, the capital investment will propel Finance Blocks into even the most rural corners of the globe, such as India, Nigeria, Zimbabwe, Botswana, Kenya, and Ghana.
More on The PennZone
- New Research Finds a Good Deal Is All It Takes to Get Americans Booking a Last-Minute Vacation — and Most Already Have One on Their Mind
- GitKraken Introduces GitLens 19, Bringing Human and AI Workflows Together in One Workbench
- LĪNA Universal Balm Nominated for "Best Clean Skincare Product" at CertClean Beauty Awards
- Bronze Stevie Award Recognizes Satyadhar Joshi for AI Research and Public Policy Engagement
- synseer Nominated for Best Startup in 2026 Prix Galien USA Awards Following Record Breaking Applicant Pool
"These funds will allow us to continue developing our technology, expand our development team, onboard over three million users, create an intensive global marketing campaign, and allow charitable contributions of water and power to the areas in which we operate," said Seltzer.
Seltzer believes this technology will directly impact the global economy by way of the youth. Referring to them as "innovators of tomorrow," Seltzer believes financial and investing literacy will encourage higher education and break generational debt while creating new generations of middle class.
In its simplest form, Finance Blocks is a platform that will help RFIs switch from paper-based legacy systems to a secure, easy-to-use, and efficient digital system for all their processes. That allows RFIs to create unique digital identities for all their customers, compute their credit scores, manage their financial data, loans, fixed deposits (FDs), savings accounts, and more on a single platform. Users have an app that helps them stay instantaneously updated about their financial activity, such as withdrawals, deposits, transactions, loan equated monthly installments (EMIs), and interest on FDs. Based on the age of their account and financial activity, users are given Smart Credit Scores computed by blockchain-powered smart contracts.
More on The PennZone
- Leading PDR Training Courses in Canada: Learn Paintless Dent Repair with PDR Academy & Tint Academy
- Move in this Fall! New Released Quick Move-In Townhomes at Heritage at South Brunswick with Limited-Time Incentives
- Rebecca L. Francis, Founder of the Rebecca Francis Team, Named to Lehigh Valley Business' LVB 300
- Crossroads4Hope Marks 25 Years Ensuring No One Faces Cancer Alone At its Inspiring Hope Gala
- Imagen Golf & Top 100 Coach Daniel Guest Voted Best Golf Instruction Firm of the Year 2026
Blockchain technology is an integral component of the solution Finance Blocks presents.
"Blockchain technology plays a crucial role in lifting people out of poverty and providing better services to the populations of low and middle-income countries. It is a system of recording information that makes it difficult or impossible to change, hack, or cheat the system. Think of blockchain as an incorruptible digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain. This process can be transformative for low and middle-income countries as corruption is the single largest issue affecting the unbanked," says Seltzer.
Global digitization will help the unbanked achieve upward economic mobility by providing the right financial tools in their hands. RFIs are then empowered with the resources and infrastructure to achieve their aims. To learn more, visit https://financeblocks.io or email info@financeblocks.io.
Source: Finance Blocks
0 Comments
Latest on The PennZone
- Phinge CEO DeMaio Unveils Speech to Congress: User Data Sovereignty vs Tech Surveillance Capitalism, Asserting Foundational 2021 App-Less Patents & IP
- Michael Maertens Hired as Century Fasteners Corp. – Chief Financial Officer
- LATO AI Software Innovations Expedite Inspections & Repair of Parking Lots for The Pavement Group
- Built to Last: Why BSI Is Among the Nation's Fastest-Growing Companies, and One of Its Best Places to Work
- Bent Danholm's The Architecture of Demand Reaches No. 2 in Amazon Real Estate Sales
- Contracting Resources Group Named to Inc. 5000 for the Ninth Time
- Nola Blue Records to Release John Németh's Illinois Central in March 2027
- ImagineX Named to 2026 Inc. 5000 List of America's Fastest-Growing Private Companies
- ASSIST Software Becomes One of the First European Companies Certified to ISO/IEC 42001
- The World's No.1 Superstar® Enters the Occult with New Track and Cinematic Visual "Under Your Spell"
- PricZone Launches Online Shopping Platform Offering Electronics, Gaming, and More
- Heritage at South Brunswick Introduces New Ferndale Floorplan: The Largest Single-Family Home Design in the Community
- Lineus Medical Elevates Leadership to Accelerate Growth After Breakthrough Clinical Results
- Gateway Center Arena Announces Duane Curry as General Manger
- Mumbai Central Farmers Market Launches Community Collective for More Value and Connection
- XRPPower Expands Platform Security With Enhanced Brand Protection and Official Verification Standards
- Cuvo Health, the #1 White Label Telehealth Platform, Surpasses 300 Exclusive Providers Serving All 50 States
- Birkdale Investments LLC Acquires Assets of Mumbai Central Farmers Market, Unveils Expanded Vision
- RAS AP Consulting Expands Managed AP Governance™ Ecosystem, Launches Trademark Process, and Secures IFOL Speaker Invitation
- UK Financial Ltd Makes History: Chainlink CRE Circulating Supply Verification Goes Live Across Its Complete Ecosystem Of Nine Exchange-Traded Tokens
