UNICEF will fund blockchain start-ups

The UNICEF Innovation Fund is planning to invest $50 - 90 thousand to provide early stage finance to blockchain technology start-ups that have the potential to benefit humanity
16 January 2018   803

The United Nations Children's Fund is a program headquartered in New York City that provides humanitarian and developmental assistance in developing countries, and is a member of the United Nations Development Group.

The UNICEF Innovation Fund announced on January 16 that it was looking to make $50 - 90 thousand equity-free investments to "provide early stage finance to for-profit  technology start-ups that have the potential to benefit humanity".

Unicef blockchain projectsUNICEF Blockchain start-ups

The corporation stated that it is currently looking to invest in a group of companies developing software solutions on open blockchains, namely including:

  • Smart Contracts 
  • Analyzing data
  • Tokens
  • Mining

UNICEF provides:

  • $50- $90,000 in equity-free seed funding
  • Product and technology development
  • Network of mentors who help startup teams develop their business model and strategy to grow their company and ultimately profit
  • Data networks and platforms
  • Network of experts and partners across its Country Offices who can provide geographically localized advice and partnerships needed to reach more users

The submissions deadline is on 11:59 EST February 28th, 2018.

Japanese 'Money Forward' to Launch Crypto Exchange

Money Forward Financial is going to launch a media crypto platform this summer, and afterwards - a digital assets exchange
24 May 2018   63

The operator of the popular application for personal finance management Money Forward Inc intends to launch a cryptocurrency exchange this year, BC Focus reports.

Japanese fintech-company has been working in this direction since December last year. To implement the plans, the company has already registered a subsidiary division called Money Forward Financial.

Money Forward Financial is going to launch a media cryptocurrency platform, and afterwards - a digital assets exchange. In the future, the company plans to create a number of more advanced solutions for working with crypto-currencies, including automated payment systems and various analytical tools.

Currently, the customer base of the company has about 5 million users. The cloud application of Money Forward Inc for tax accounting and financial management is used by 500,000 Japanese companies and 2,400 accounting firms.

Big Japanese financial institutions are making steps to cryptocurrency business. Mitsubishi UFJ Financial Group (MUFG), world's 5th biggest bank has announced plans to introduce own cryptocurrency by 2019.