- Briq.mx, a co-investment platform in the real estate sector, has become the first crowdfunding hub to go to Bitzo to promote its transactions.
- Crowdfunding companies regulated by Fintech legislation must comply with ongoing requirements to protect investors in their projects, and for that they need strategic partners of payment technologies like Bitso.
MEXICO CITY, April 29, 2024. briq.mx, a crowdfunding platform for real estate investments, today announced that it is the first company to select Bitso Business—bitso's B2B division Generation Payments Solutions—as your financial infrastructure technology provider. The new solution will allow briq.mx's 125 corporate clients and its 90 thousand users to pay in pesos through a single account managed through an API.
Crowdfunding companies, based on gathering resources for a common purpose, have diversified in recent years, resulting in the emergence of new projects, initiatives and alternative forms of investment. Globally, the market Crowdfunding Hectares has grown significantly, particularly in Asia and North America, is projected to continue to expand. By 2023 it will reach a global market value of $16.5 billion expected It will reach 42.9 billion dollars by 2032.
Its growth drives regulations to help investors keep their funds safe, which is why laws in Mexico force companies in the sector to receive and move the money of the people they serve. This situation makes it difficult to carry out transactions through traditional methods.
The use of Bitso technology allows briq.mx to comply with current regulations, separate users' resources from the company's resources, and at the same time achieve greater efficiency, transparency and speed in its operations. Especially when their size and duration are high.
Currently, briq.mx has clients from 125 companies managing the investments of 90 thousand people who can invest in real estate through the platform from 500 pesos, which represents the logistical challenge of hundreds of thousands of transactions to collect funds from many people. Send them to investment projects and many other transactions that help distribute the profits among the investors.
“Due to the number of transactions we handle and the regulatory requirements, we were looking for a financial institution capable of providing technical tools and security at the same time on briq.mx; with SPEI Transaction Solution by Bitso, we achieved a connection and flawless operation within a week. “Bitso was an excellent choice for us. has changed, and we are a pioneer for the rest of the crowd,” he noted. Alberto Padilla Luengas, CEO and founding partner of briq.mx.
“At Bitso, we are pleased to provide services to expand companies and industries that find the technological and financial solutions needed in the digital world on the blockchain. Our relationship with local banking systems and the regulations we operate in the countries we operate in provide the necessary support to key companies like briq.mx that are transforming investments in finance, democracy and decentralization. has given us permission,” he said. came to an end. Thales Freitas, Pitso Business Director.
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