BanXIT

Company Overview

Snapshot

Founded in January 2018 by Arik Filstein and Moshe Beeri, BanXIT operated with 1–10 employees. The company focused on developing a secure financial technology platform, and in September 2018, it announced a letter of intent with Cuentas.

Business overview

BanXIT developed a patent-pending financial technology platform designed to provide secure, trusted, and agile solutions for banks and financial institutions. Its core offering included a secure-based platform with a payment module, a multi-currency wallet for standard and virtual currencies, and a robust API layer. The company operated within the Fintech & Insurtech sector, serving financial institutions and banks globally with solutions in money transfer and management.

Strategic signal

In September 2018, BanXIT announced a letter of intent with Cuentas, signaling potential strategic validation and market entry for its secure payment financial technology platform. This indicated a move towards commercialization and partnership in the fintech space, aiming to integrate its blockchain-based solutions with established financial service providers.

Company Intelligence Q&A

What is BanXIT's primary focus?

BanXIT focuses on providing blockchain-secure financial technology solutions, including a core payment module, a multi-currency wallet, and an API layer, primarily for banks and financial institutions.

When was BanXIT founded and by whom?

BanXIT was founded in January 2018 by co-founders Arik Filstein and Moshe Beeri.

What significant partnership was announced by BanXIT?

In September 2018, BanXIT announced a letter of intent with Cuentas Ltd., an Israeli fintech company, regarding its secure payment financial technology platform.

What is the operational status of BanXIT?

BanXIT is currently non-active, having ceased operations in January 2019.

Which markets does BanXIT target?

BanXIT targets global markets, focusing on financial services, financial institutions, and banks.