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MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Networking & Connectivity
airfox.com

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Founded Year

2016

Stage

Acquired | Acquired

Total Raised

$1.26M

About AirFox

Airfox’s mission is to accelerate financial inclusion. Under the brand name banQi, Airfox developed a digital financial services hub for underserved Brazilians and their families to manage, save, and build their wealth and financial life.On May 22, 2020, AirFox was acquired by Via Varejo. The terms of the transaction were not disclosed.

AirFox Headquarter Location

114 Western Avenue

Boston, Massachusetts, 02139,

United States

650-307-2769

Latest AirFox News

Discover 5 Top Mobile Financial Service Solutions Impacting FinTech

Feb 11, 2021

Curious about new technological advancements in the FinTech industry? Explore our analysis of 105 global mobile financial service startups & scaleups & learn how their solutions impact your business! Global Startup Heat Map: 5 Top Mobile Financial Service Solutions The 5 mobile financial service startups you will explore below are chosen based on our data-driven startup scouting approach, taking into account factors such as location, founding year, and relevance of technology, among others. This analysis is based on the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform , covering over 1.3 million startups & scaleups globally. The Global Startup Heat Map below highlights the 5 startups & scaleups our Innovation Researchers curated for this report. Moreover, you get insights into regions that observe a high startup activity and the global geographic distribution of the 105 companies we analyzed for this specific topic. Click to download Valyou provides a Mobile Wallet The Covid-19 pandemic demonstrated the importance of online services, with nearly every industry digitalizing its services. The number of users of mobile financial services is on the rise with customers favoring online services over physical services. Startups are creating mobile services to better enable the exchange and transfer of different currencies through a single app. Malaysian startup Valyou provides its users with a mobile wallet application. The application is specifically designed to facilitate users in Asian countries to make exchanges using different currencies. Some of the supported countries for the exchange of money include Indonesia, Nepal, Bangladesh, India, Pakistan, and China. The app also includes financial features such as peer-to-peer transfer, bill payments, and reloading prepaid subscriptions. Wallet Factory creates Mobile Financial Service Frameworks In today’s economy, the option to accept and process transactions digitally are vital to run businesses. With recent changes in the global economy, many industries such as banks, postal services, and others are digitizing their services. Startups are developing solutions that allow financial institutions to quickly and efficiently move their services online for mobile banking . Polish startup Wallet Factory develops a mobile wallet ecosystem that involves a range of financial services. The startup’s e-wallet is an enterprise-grade platform. It includes services such as on-line, in-app, and in-store payments, peer-to-peer (P2P) transfers, loyalty cards management, electronic ticketing, and other features. The platform takes 2-3 months to deploy and serves markets such as fast-moving consumer goods (FMCG), e-commerce, banking, postal, and fuel retail. Teknospire creates Digital Transformation solutions The banking industry has seen a tremendous shift from physical banking to digital banking over recent years. The digital user base is now a much bigger market as more people understand the benefits of digital banking. The rapid influx of digital users is a challenge for banking institutions in emerging countries that lack the required infrastructure. Startups are developing software solutions that allow financial institutions to easily digitize their products and services, particularly in developing countries. Zimbabwe-based startup Teknospire provides solutions to enable the digital transformation of financial products and services. The startup’s product FinX is aimed at improving last-mile banking to rural, remote, and underdeveloped communities. It features omnichannel banking with online and offline services, an intuitive user interface (UI) to encourage users, and secure architecture to protect financial data. The platform is also cost-friendly and highly scalable to allow banks to reach a larger audience. Airfox provides Blockchain-based Mobile Finance The introduction of blockchain technology and cryptocurrencies has enhanced the robustness and security of financial services. Blockchain, when introduced with Bitcoin, was exclusively associated with the mining of cryptocurrencies and their trading. However, nowadays startups are creating solutions that utilize the blockchain to create secure systems to enable mobile financial transactions. Airfox is a US-based startup developing mobile financial services targeted towards parts of the world where people may not have access to banks or other similar services. Their solution AirToken uses Ethereum and enables peer-to-peer borrowing and lending processes via a transparent and trustful FinTech marketplace. By digitally transforming the sector, Airfox intends to achieve more financial inclusion. MyFondi develops a Budgeting App Many working adults struggle with managing their finances due to various loans and debts. For instance, the student debt in the US exceeded $1.6 trillion in 2020 and exceeds other liabilities such as credit card debt or healthcare insurance premiums. Startups are developing budgeting solutions that integrate with the user’s bank balance and assist them in tracking finances. The US-based startup MyFondi provides users with a mobile application to budget their personal finances. The app arranges a  real-time view of the user’s bank account matched to their current paycheck budget. The application aims to visualize the balance maintained in the user’s bank account with each payment made or received for easier tracking of their overall budget goals. Discover more FinTech startups To keep you up-to-date on the latest technology and emerging solutions, we provide you with actionable innovation intelligence quickly and exhaustively. You can download our free FinTech Innovation Report and discover new business opportunities or save your time & let us look into your areas of interest. We provide you with an exhaustive overview of new startups, scaleups & emerging technologies that matter to you.

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Research containing AirFox

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned AirFox in 1 CB Insights research brief, most recently on Feb 11, 2021.

Expert Collections containing AirFox

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

AirFox is included in 2 Expert Collections, including Wealth Tech.

W

Wealth Tech

1,111 items

A category of financial technology that is digitizing & streamlining the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.

F

Financial wellness

245 items

Track startups and capture company information and workflow.

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