Fintech Bkn301, a San Marino company, focuses on Africa. The sun 24 hours
Il Sole 24 ore, PIERANGELO SOLDAVINI “The future is not in the traditional bank but in engaging a relationship with the customer to which banking services can be connected”. In the words of the CEO and founder Stiven Muccioli, this is the philosophy of Bkn301, a startup that offers payment services and “banking-as-a-service” functionality leveraging a payment institution license in San Marino.
Fintech has closed the first three million euro investment round for the development of a business focused on emerging markets, with a first digital portfolio project in Egypt. The management of Bkn301 (Muccioli himself, Federico Zambelli Hosmer and Luca Bertozzi), three San Marino banks (Banca Agricola Commerciale, Banca di San Marino and Cassa di Risparmio della Repubblica di San Marino) and Abalone Group, a Swiss company that operates in the wealth management and financial consulting sector. (…)
The project for Banque Misr in Egypt is just a start. Also because for these markets Bkn301 is developing a system based on the Stellar blockchain for a generated “utility token” that allows merchants to accept and exchange payments, as an alternative to cash and credit card circuits. (…)