Blockchain accelerator LongHash reveals next cohort of 7 startups

Global blockchain accelerator LongHash Ventures has revealed the seven startups selected to participate in the fourth cohort of its Hatch program.

Photo credit: Serhii Yaremenko

Now in its second year, the 12-week program will focus on open finance, LongHash said in a statement. It is scheduled to start running today and culminate on a demo day in August.

Open finance builds upon the idea of open banking, which is the use of open APIs that enable developers to build services around financial institutions. Open finance goes beyond that, however, by allowing customers to share their data with third-party providers, who will then develop new products suited to fit their needs.

With this shift, LongHash said it has tapped industry experts from Ethereum Foundation, Maker, Synthetix, and InstaDApp. It will also be working with Fenbushi Capital, HashKey Capital, Kenetic Capital, and Dragonfly Capital on the investment front.

LongHash will then provide the selected startups with modules tailored for strategy formulation, go-to-market execution, and subject matter guidance.

Here are the seven startups that form Hatch’s fourth cohort:

• CredMark is a Hong Kong-based firm that equips financial institutions with non-traditional credit data based on blockchain financial history and private data.
• Hashtacs is a white-label solutions platform in Singapore that helps financial institutions use blockchain for efficient consolidation of records and easier transactions.
• Pravica is an email and communications software provider in Egypt that offers blockchain-based privacy and security solutions and enables payments via email.
• Puma Browser is a mobile browser from the US that is private by default. It’s able to stream micropayments to websites via blockchain.
• Statwig is an India-based SaaS startup for efficient tracking of vaccines and food supply chain using blockchain and IoT.
• Viewbase is a blockchain analytics platform for cryptocurrency traders that uses proprietary data models.
• Xend is an African end-to-end merchant solution that includes inventory management, payments, and business intelligence.

Based in Singapore, LongHash is supported by Fenbushi Capital, HashKey Capital, and Enterprise Singapore. The company said it has raised over US$16 million in funding to date for its portfolio, which includes projects such as Xanpool, AlphaWallet, and Keyless.