BNC Ledgertech
Integrated Global Banking and Payment Network
Company Overview
Snapshot
Founded in May 2018 by Alon Elbaz, BNC Ledgertech operated with 1–10 employees. The company raised $250,000 across one funding round from Alon Elbaz. In February 2023, BNC Ledgertech ceased operations.
Business overview
BNC Ledgertech developed BNCNetwork, an open-source blockchain network designed to facilitate the migration of financial institutions to blockchain technology. The company aimed to provide an easy migration system that would not require infrastructure changes and would allow continuous communication via traditional banking channels. Through its SaaS application, BNC Ledgertech enabled enterprises and individuals to self-manage and automate finances through a secure, transparent, fast, and borderless system, combining traditional banking services with the decentralized advantages of blockchain. The company operated within the Fintech & Insurtech sector, focusing on solutions for financial institutions and enterprises.
Strategic signal
BNC Ledgertech ceased operations in February 2023, indicating a complete halt to its development and market activities. This event signals to investors and innovation teams that the company's blockchain-based solutions for financial institutions are no longer being pursued, marking a definitive end to its presence in the Fintech and blockchain integration market.
Log in to access full profile ›Company Intelligence Q&A
- What is BNC Ledgertech's primary focus?
- BNC Ledgertech focuses on developing BNCNetwork, an open-source blockchain network designed to facilitate the migration of financial institutions to blockchain technology, providing an easy migration system without requiring infrastructure changes.
- When was BNC Ledgertech founded?
- BNC Ledgertech was founded in May 2018.
- Who is a co-founder of BNC Ledgertech?
- Alon Elbaz is a co-founder of BNC Ledgertech.
- What is the operational status of BNC Ledgertech?
- BNC Ledgertech is non-active and ceased to operate in February 2023.
- What was a significant partnership for BNC Ledgertech?
- In March 2019, BNC Ledgertech partnered with OBL Company, as reported by Finance Magnates.