Teaser of the company
We favour the meeting between private capitals and entrepreneurial skills capable of generating sustainable value in order to guide Italy towards a new Renaissance, helping multi-stage companies to achieve their mission to innovate the future.
Hoop Capital has tested, validated and adopted LoanXchain‘s blockchain-based solution in the scope of BlockStart:
Why has the company decided to implement the solution: Hoop Capital has the mission to provide value to SMEs, and we see blockchain technology as a potential pillar of future growth. Rather than researching and implementing on our own, a partnership with LoanXchain enables us to leverage both their knowledge and our business network swiftly and efficiently.
Added value of the solution to the company: The pilot transaction with LoanXchain brings in new technological knowledge and a new solution we can offer to our customers in the financial services space. This kind of pilot is really useful for us given that LoanXChain uses the CORDA, a special blockchain which enables businesses in Banking, Capital Markets, Trade Finance, Insurance to transact directly reducing transaction and record-keeping costs and streamlining their business operations.
What has been done during BlockStart’s pilot stage: We performed tests on easiness to use of the platform, with particular attention to business needs of Hoop customers interested in LXC platform. We onboarded one relevant Hoop customer on LXC platform. Finally, we evaluated with LXC the pilot transaction, with focus speed of transactions and fulfilment of first institutions onboarded business needs.
Meet the Team
“Block Start’s experience has been fulfilling for us given that it perfectly matches our vision. Hoop Capital aims to guide Italy through the new technological renaissance acting directly on the economy foundation, companies. We helped LoanXchain in understanding and testing their target market and their technological platform. They are now readier than ever to overtake the credit market!”
Total funding received by Hoop S.r.l., under BlockStart: €3,000 for Pilot Stage