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From Businesses To Migrant Workers, OKLink Facilitates Instant Global Transactions

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From Businesses To Migrant Workers, OKLink Facilitates Instant Global Transactions

It's almost that time of year.

The 2017 Benzinga Global Fintech Awards is a competition to showcase the companies with the most impressive technology that are paving the future in financial services and capital markets.

To get you prepared for this year's awards, Benzinga will profile each fintech company that has applied. Want to get involved? Submit your company here.

For this installment, we spoke with OKLink Chief Strategy Officer Jack C. Liu.

OKLink

What does your company do? What unique problem does it solve?

OKLink is a platform connecting companies all over the world to create an open infrastructure for cross-border payments.

The $500 billion global remittance business is extremely fragmented and dominated by financial giants that charge high fees and offer tardy delivery to migrant workers sending money home.

Built on blockchain technology, OKLink is able to offer the same cost advantage, global reach and speed that took the big players decades to build. We connect and enable instant, low-cost transactions between transfer and payout companies worldwide using blockchain-anchored digital assets and multi-signature technology.

We are expanding rapidly to include 100-plus partners in 40-plus countries in Asia, Europe, Africa and the Americas.

Who are your customers?

We support money transfer companies around the world, including mobile wallets, remittance apps and cash pickup outlets. We also support forward-thinking companies with cross-border settlement needs, including multinational companies, e-commerce merchants and companies handling cross-border payroll.

How long have you been in business?

OKLink was launched in August 2016 and has since expanded its services to 40 countries, including India, Korea, Japan, Indonesia, the Philippines, Canada, Vietnam, Hong Kong, Singapore, Nepal, Malaysia and 19 countries in Europe.

Where are you located?

We are headquartered in Hong Kong with a sister office in Beijing.

Who is your company's leadership?

Star Xu, co-founder and CEO, is a seasoned entrepreneur, investor and pioneer in the blockchain space. Prior to founding Chinese digital asset exchange OKCoin in 2013, he was the chief technology officer at document sharing platform Docln.

Jack C. Liu, co-founder and chief strategy officer, is a serial entrepreneur founding businesses in Silicon Valley, Beijing and Hong Kong. Liu began his career at Barclays in Equity Derivatives and has led OKCoin’s international exchange since 2014.

OKLink’s investors include Ce Yuan Ventures, Mandra Capital, Ventures Lab and notable private investors such as Tim Draper.

Is there anything else Benzinga should know about your company?

Most recently, we’ve launched the OKLink Sandbox, a safe testing version of the OKLink platform for all customers to freely try our service without affecting their actual business.

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For another fintech profile, click here to read about how Private Wealth Systems empowers ultra high-net-worth individuals.

If you’re looking for cool fintech startups and access to top financial institutions, and are sick of attending stuffy corporate conferences, the Benzinga Global Fintech Awards is the event for you. From its first year in 2015, the competition grew to over 250 applicants and over 500 attendees in 2016.

Connect with us on social media — use the hashtag #BZAwards and #Fintech to spread the word!

 

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Image Credit: screenshot from OKLink

Posted-In: Blockchain Ce Yuan Ventures Docln Jack C. LiuFintech Success Stories Interview General Best of Benzinga

 

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