BNC Ledgertech

Integrated Global Banking and Payment Network

Fintech & Insurtech
Non Active, Feb 2023 ceased to operate

Company Overview

Snapshot

Founded in May 2018 by Alon Elbaz, BNC Ledgertech operated with 1–10 employees. The company raised $250K 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 sought to enable enterprises and individuals to self-manage and automate finances through a secure, transparent, fast, and borderless system, reducing transaction costs and generating passive income. The company combined traditional banking services with the decentralized advantages of blockchain, operating within the Fintech & Insurtech sector.

Strategic signal

In February 2023, BNC Ledgertech ceased operations. This indicates a complete halt to the company's development and market activities, signaling to investors and innovation teams that the venture is no longer active in the blockchain and fintech space.

Company Intelligence Q&A

What is the current operational status of BNC Ledgertech?
BNC Ledgertech ceased operations in February 2023, making it a non-active company.
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 was BNC Ledgertech's primary sector?
BNC Ledgertech operated primarily in the Fintech & Insurtech sector.
What was BNC Ledgertech's total disclosed funding?
BNC Ledgertech raised $250K in August 2018 from Alon Elbaz.

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