BanXIT

Company Overview

Snapshot

Founded in January 2018 by Arik Filstein and Moshe Beeri, BanXIT operated with 1–10 employees. The company ceased operations in January 2019.

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 multiple currency wallet for standard and virtual currencies, and a fast API layer. The company operated within the Fintech & Insurtech sector, focusing on money transfer and management, and served financial institutions, particularly banks, globally.

Strategic signal

In September 2018, BanXIT announced a letter of intent with Cuentas, signaling potential collaboration on its secure payment financial technology platform. This indicated early market validation for BanXIT's blockchain-based solutions in the fintech space, suggesting interest in its secure and agile platform for financial services.

Company Intelligence Q&A

What is BanXIT's primary focus?

BanXIT focuses on providing blockchain-secure financial solutions through a patent-pending technology platform for banks and financial institutions.

Who founded BanXIT?

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

What was a significant business development for BanXIT?

In September 2018, BanXIT announced a letter of intent with Cuentas, indicating a potential partnership for its secure payment financial technology platform.

What is the operational status of BanXIT?

BanXIT ceased to operate in January 2019.

What markets did BanXIT target?

BanXIT targeted financial institutions, specifically banks, in global markets with its secure financial technology platform.