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Singapore-based fintech Xalts acquires digital trade platform Contour Network

In a role reversal, Xalts, a Singapore fintech startup founded 18 months ago, has acquired Contour Network, a digital trade platform set up by eight major banks including HSBC, Standard Chartered and BNP. Backed by Accel and Citi Ventures, Xalts enables financial institutions to build and manage blockchain-based apps. Contour was started in 2017 by a consortium of eight banks to digitize trade and is currently used by 22 banks and more than 100 global business including Tata Group, Rio Tinto a...
Republic Of Ashutosh Goel Supreet Kaur Financial Institutions Contour Network Ashutosh Goel
Source: yahoo.com

Fintech Platform Xalts to Build "Plaid for Trade" as It Acquires Contour Network from a Consortium of Global Banks

Contour Network connects global banks to global businesses. Xalts will launch an application ecosystem for embedded trade finance solutions on top of Contour's rails. Singapore, Singapore--(Newsfile Corp. - February 20, 2024) - Accel and Citi Ventures-backed fintech Xalts, which is used by financial institutions and businesses to build and manage digital finance applications, has today announced its acquisition of Contour Network, owned by a consortium of global banks, to accelerate digitis...
Hong Kong United Kingdom Abhinav Chaturvedi Supreet Kaur Bilal Mahmood R Supreet Kaur
Source: yahoo.com

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