Digital currency exchange Gatecoin has joined The SuperCharger FinTech accelerator program. Gatecoin was founded in 2013 by Aurélien Menant, a former investment banker, and is currently domiciled in Hong Kong.
The Supercharger program mainly focuses on innovative financial start-ups that are aiming to expand into the Asian markets. Backers of the program include Standard Chartered, Baidu and TusPark Global Network. The accelerator began on the 11th of January and accepted applicants are given three months to work in 50,000 sq. ft of office space in Hong Kong, with access to over 200 mentors.
Local start-ups and small companies usually receive up to $30,000 in funding from the program. Gatecoin is the recipient of $25,000 in funding in exchange for a 5% equity. In an interview with CoinDesk, Aurélien Menant stated that his company will be focusing on expanding its brokerage capabilities and working on several experimental blockchain ideas:
“Gatecoin is currently working on integrating a bitcoin brokerage solution and a blockchain remittance service with an international bank operating in Asia and Africa. The proof of concept should be released by the end of the program. Other projects with the sponsoring companies are currently being studied.”
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