2020 - What a Year | Baanx

December 28, 2020


2020, What a Year.

There’s no doubt that 2020 has been a year to remember. COVID19 and social distancing have changed both the way we live and conduct business. However, despite the challenges of 2020, Baanx has had a strong year of growth. We’ve delivered on some of our most ambitious projects, increased our team and grown our business to future proof our offering. We started 2020 with a mission to build the future of banking - that goal feels closer than ever: 


Investment 

With the digital asset financial services world estimated at $60B, and growing rapidly, over 580 million people or 7% of the world population will be using digital assets by 2022 (Deloitte, 2019). So, it’s no surprise that Baanx was supported by significant investment. 


We’re pleased to announce that we generated over 12.5 million USD in investment. This was achieved through a combination of strategic partnership, government grants as well as  BnkToTheFuture, the largest digital investment platform for individuals to invest in FinTech & crypto companies alongside top VCs. 


We now join a growing list of elite global Fintech players who have raised on their platform – Kraken, BitFinex, BitStamp, Coinbase, Blockchain.com and Circle among many others.


Growth

We’re growing fast. We’ve increased our core team from nineteen to thirty-one members of staff. We’ve also launched our USA sales team, who are already helping us achieve our ambitious plans for 2021. As well as this increase to our core team, we’re supported by leading consultants and freelancers across the business. This was supported by a 200% increase in B2B partnerhsips.


We’ve also introduced a clear marketing strategy with a focus on lead generation. And, part of this strategy is this blog. Designed to keep you up to date with key milestones, predictions, industry discussion as well as any consumer updates. We also saw a major milestone in our 2020 growth, as we signed three of the top 100 crypto exchanges. This growth was compounded by increased interest in our API and white label solution. 


New Partners

“Baanx’s platform enables delivery of bespoke app services; such as integrating the incredible EcoSmart calculator by EcoSmart Labs and our own Stellar Carbon offset tokens into payment cards and services to enable a full-service offering.” Jim Procanik - CEO Veridium Labs


Partnerships have been essential to our growth strategy and we’re pleased to announce that back in early 2020, we secured Tezos as an investment partner. And added Akoin as a client to provide infrastructure for Akoin cards.


2020 also saw the start of a partnership with Veridium Labs, enabling them to deliver bespoke app services for instant EcoSmart calculator and Stellar Carbon offset tokens into payment cards.


User Improvements 

This year saw us continue with our investment in consumer experience. We’ve always had one major consumer goal: to make cryptocurrency to be easily used in the real world. Knowing that millennials largely prefer mobile, we introduced a suite of mobile applications. We also launched our Dynamic Wallet Solution that allows users to spend directly.


2020 has been a challenging year for most. But, here at Baanx, there’s plenty to celebrate. Want to see how we can help your business grow? Have a chat with one of the Baanx team.