IntellectEU Secures €2M Investment

Announcements, Blockchain, FinTech, Investing | July 5, 2017 By:

Blockchain company IntellectEU has raised €2 million from Pamica NV, the investment company of FinTech entrepreneur Michel Akkermans.

Founded by Belgian FinTech specialist Dirk Avau and Ukrainian businesswoman Hanna Zubko, IntellectEU aims to enable its customers and partners to maintain their competitive edge in the fast-paced environment. The company believes that blockchain can help achieve this goal by bringing operational efficiency, reduced cost, and new revenue streams.

Last year, the company joined Linux Foundation’s Hyperledger as a founding member. Aside from Hyperledger, IntellectEU team has built expertise with ethereum, Chain Core and R3’s Corda. IntellectEU also has integration and business partnerships with industry leaders such as SWIFT and IBM.

The company will use the funds to continue its growth at an international scale for enterprise-ready blockchain and DLT solutions, particularly in finance. IntellectEU already has office locations in Brussels, Kiev, Lisbon, Mexico City and New York.

“We welcome Michel Akkermans as an investor and Chairman of the company,” said IntellectEU CEO and co-founder Dirk Avau. “He has a proven track record of building successful companies, especially in the field of financial technology and his experience will prove to be invaluable for IntellectEU to support its exponential growth.”

“While significantly further investing in our core activity in the field of SWIFT, we also recognize the potential of distributed ledger technology and are looking forward serving our customers to take advantage of those emerging business models,” said IntellectEU co-founder Hanna Zubko.

“There are still significant opportunities to explore in the current financial messaging systems,” said Michel Akkermans. “Combining this with the deep expertise IntellectEU has offers a great scope for execution on a global level. I appreciate the drive of the two founders who have grown the company to the unique position it finds itself in today.”