Member-only story
The Top 10 Fintech Startups at Money 20/20 Europe 2023: A Comprehensive Review
Defactor Labs CEO and Co-founder officially launches Alpha Bonds on stage Money20/20. Photo credit: Defactor Labs Team
The recently concluded Money 20/20 event was a hotbed of innovation, with various players in the fintech ecosystem showcasing their groundbreaking solutions. This article takes a deep dive into 10 of the top startups that are making a significant impact in the world of finance and technology, with a special emphasis on those pioneering sustainability-focused tech.
Defactor Labs: Tokenizing Bonds for SMEs
Defactor Labs, a leading DeFi lending platform for small and medium-sized enterprises (SMEs), made a significant announcement at Money 20/20 Europe 2023. They unveiled the tokenization of $100 million worth of Alpha Bonds, using the ERC3643 token standard on the Polygon Network. This initiative aims to lend capital to SMEs using real-world assets, such as receivables, as collateral. SMEs often face stringent lending criteria from traditional banks, which can limit their ability to secure funding, hinder their growth potential, and impact their competitiveness. Defactor Labs seeks to address these challenges through its tokenized Alpha Bonds, aiming to bridge the $1.5 trillion global funding gap and cater to the funding needs of SMEs worldwide…
