Machnet - A fintech leveler

4 mins
January 18, 2022

Machnet Technologies Inc.

A fintech leveller

Technology - the big savior and the big leveler. We have heard and seen this play out so many times. Technology is a great leveler - creates a fair playground where everyone, regardless of their status, location, wealth, gender, or religion, can participate under the same rules.

Technology's role in driving globalization

Technology is also the biggest element driving globalization. It took 1,000 years for the invention of paper to spread from China to Europe. Today in our integrated world, innovations spread faster and through many channels and are always at the tip of your finger.

A viral video is accessible a few seconds after it was created instantly on TikTok, Twitter, etc. Facebook and Google have helped us connect and access information easily. Wi-Fi and smartphones have made it possible to work and contribute to the economy from anywhere in the world. This is a massive win for humanity in such a short amount of time. 

The fintech challenge: Access and equity

While this is all great, we still haven’t seen the same level of access and progress when it comes to financial services and financial technology ( aka Fintech). Fintech still needs to evolve one generation more to be really into the same league.

We still see, when it comes to fintech, your socio-economic status matters, your connection matters, and your geography matters. Access is still one huge barrier. It isn't as bad as in the US and Singapore, but still a big challenge in most of the world. That is why we are focusing on building Machnet for cross-border businesses. 

Machnet's vision: A level playing field for global financial access

Our vision at Machnet is to enable anyone access to the global financial infrastructure at scale. In a sense, we want to level the playing field for all small and medium businesses around the globe so they can have access to all the tools and processes needed to build applications for billions of people. We are democratizing access to the global economy so our customers can compete on a global scale.

At our core, our goal is to help with value (money, convenience, care, etc.) distribution at scale with zero friction. We want great builders all around the world to be able to build their solutions for their global audience without any limitations. We created Machnet's payment system to make it easy for builders to use the global financial system. This way, they can focus on building great products and making their customers happy. 

Join the fintech revolution with Machnet

We are living in an unprecedented era—technology is shattering boundaries, enabling anyone to participate. We want to be that force in the Fintech space enabling anyone to participate in the global financial system. We are determined to make a dent in leveling the fintech space.

If you would like to understand how the Machnet Application works and build a cross-border payments product, reach out to us.

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