NewBridge

https://magnitt.com/startups/undefined/newbridge

0 Followers
0 Followers

Company Information

NewBridge Fintech Solutions LLC  (www.deposit-book.com) is  a  global marketplace and an open banking platform for wholesale deposits (High Value Deposits) .
 
Bank Treasuries use the platform as a free distribution channel  to raise wholesale funding from global depositors in the form of deposits (FD’s/ CD’s) and private placements (MTN’s) . We will help Banks reduce their Cost of Funds and diversify their customer base by bringing NTB clients outside the existing coverage area. Furthermore , Banks do not have to go through the extensive and costly process of account opening and account maintenance.
 
Clients such as financial institutions, corporates and family offices will use the platform to discover best rates and facilitate the transaction through one central custodian account, doing away with the need for onboarding with multiple banks. We have entered into a strategic partnership with Bank of Singapore and Meteor Asset Management as our custodians.

We have recently raised funding from a very large business Group in UAE for a future equity stake in the Company. We have set up a company in the UK for managing our European partnerships and business , and are currently in the process of operationalizing the UK Company.

Date Founded 03/2017

Primary Industry N/A

Founders 1

Team Members 11 - 20

Business type N/A

Development Stage Launch

Revenue generating No

Linked Institutions N/A

Demographics

Headquarter: United Arab Emirates (UAE)

Branches: United Arab Emirates (UAE), United Kingdom (UK)

Industries: N/A

Geographical focus: United Kingdom (UK)

Related Startups

#
Login to discover more!