As usual, Yorkshire is peaking above the rest when it comes to innovation.
Yorkshiremen, Adam Cuffe and adopted Yorkshire dweller, Yusuf Sozi, are pioneering the banking and finance future with blockchain technology under their wings. Leaping their way into the future, the duo are breaking their way into FinTech and commercial finance with Blockbank — a revolutionary global banking start-up that uses blockchain to distribute affordable, international commercial and business loans to help independent small-to-medium businesses (SME) and local governments find their feet.
More than a Commercial finance broker…
Founder and CEO — hailing from Leeds — Adam Cuffe, noticed the global funding crisis emerging with stark gaps in funding access affecting various industry sectors. Cuffe notes:
“We are at a critical moment, we are living in a civilisation with 21st century technology and 19th century application of that technology. Global financial markets currently provide low interest products solely to financial institutions while the environment, infrastructure, social and health care institutions are in desperate need of funding.”
Recognizing the link between a lack of funding for SMEs and local government affecting access to infrastructure and services, Cuffe and co-founder, Yusuf Sozi, birthed Blockbank as a means to bridge that gap.
Former rugby league Sheffield Eagles star — Sozi brings remarkable bespoke commercial finance experience to meet Cuffe’s financial advisory expertise. The dynamite pair have already secured a solid partnership with highly-respected Kenyan financial institution, Spire Bank — a commercial bank with over 350,000 customers. Simultaneously, they have already raised in excess of 12 million GBP in their global ICO campaign — a significant step toward their goal.
In an attempt to create a more fluid and transparent global network, Blockbank will be creating their own crypto utility token, BBRT. As all loan fees are paid in BBRT, commercial loan applicants from all over the world can easily secure a loan with Blockbank.
Blockbank also opens up income avenues for SMEs, while allowing easier global access to goods and services. Moreover, token holders can enjoy discounts when paying with BBRT, and can utilize Blockbank’s fully decentralized token exchange — The Blockbank Exchange – to trade between BBRT, FIAT and cryptocurrencies.
Using cutting-edge blockchain technology, Blockbank allows SMEs and local governments to flourish, and neglected industry sectors access to the injections of funding they need. This helps to boost access to infrastructure, goods, and services, while helping ordinary people pursue their entrepreneurial visions.
Working with local commercial finance broker in Leeds..
Notably, the duo have have been working with local commercial finance broker, Xander Wealth based in Leeds, to help structure and their commercial finance solutions that will help drive demand for the BBRT token.
Simply put, by providing the means for SMEs and local governments to access affordable funding, coupled with easier, cheaper international payments, Cuffe and Soze are providing a truly resilient, honest, and secure banking solution — just like a true Yorkshireman would.