Cameron Parry, CEO of Lionsgold speaks to Share talk about the Proposed Investment Securing Goldbloc Banking Platform. How he see’s the companies future short mid-term, what debit card LION has agreed to use.
He comments on a future listing for the company on a new stock exchange, answers shareholders questions.
This is a personal interview, Cameron explains why he and his fellow directors invested personal family monies £300,000 alongside Lionsgold plans to invest £1.25 million from existing funds in Railsbank for a 12.5% equity stake.
Subject to Lionsgold choosing to proceed, Lionsgold (or its subsidiary nominee) to have exclusive access to Railsbank’s banking platform in relation to deposits connected with physical gold or gold derivatives, for a period of three years. This is an exclusive deal with LION that will them a competitive stance over other rivals.
Railsbank is a banking and compliance platform which connects a global network of partner banks with companies who want API (Application Programmer Interface) access to global banking.
Railsbank simplifies on-boarding companies to its banking partners, then gives access via the Railsbank API to banking services such as creating digital ledgers, connecting digital ledgers to real bank accounts, issuing IBANs for ledgers, receiving money, sending money, converting money (FX), collecting money (direct debit), issuing cards, and managing credit.
Mastercard chooses Railsbank for special program
Railsbank has been selected to join Mastercard’s largest and most diverse Start Path program class yet.
It’s one of 11 companies that have been chosen by Mastercard to join its latest Start Path class, part of a global effort to support later-stage fintech and tech startups.
Startups who join the Mastercard Start Path program receive the mentorship needed for long-term success.
The 11 companies are from across five countries and are working on the widest array of innovations the program has seen to date said Mastercard. They are developing new ways to use blockchain, protect digital identity, digitize donations and manage healthcare data, among other solutions.
Railsbank co-founder and CEO Nigel Verdon said: “This is a great honour for the company and we are delighted to have been chosen to participate in one of the best programs of this type in the world. It is a privilege to have been selected alongside some great startups and it reflects not only our core business concept, but also the management team’s hard work.”
Railsbank will receive help developing its highly successfully open banking platform.
Start Path was launched in early 2014 to provide operational support, commercial access and strategic investment for startups who are building innovative solutions in financial services and commerce. Since launch, the Start Path team has evaluated roughly 1,600 startups per year and engaged more than 150 of them around the globe.
“The diversity of Start Path proves how quickly the pace of innovation is happening in so many areas,” said Amy Neale, vice president, Mastercard Start Path. “Providing a range of companies with the resources and introductions they need to scale allows us to enable new ways to build the future of commerce together.”
These and other startups in the program will connect with a host of global Mastercard executives and partners from banks, digital giants and retailers at the third annual Start Path Summit 2017. A substantial number of companies in attendance have engaged in active pilots as a result of the Start Path program.
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