Digital Deal Making platform launches to resolve SME financing gap

Tuesday 21 July 2020 09:03 CET | News

Maksab, a deal making digital platform, has officially launched to support the Small and Medium Sized sector.

The platform helps corporate advisors and consultants to serve and assist SMEs with streamlined deal-making through exclusive emerging transactions and efficient management features, according to the official press release. Maksab connects advisors and private professional investors with SMEs that are seeking growth capital in a virtual environment.

The platform is developed for corporate finance consultants and transaction agents known as ‘Advisors’, SME business owners – ‘Sell-Side’, and private investors – ‘Buy-Side’.

The Maksab Platform leverages the Ethereum blockchain to allow transactions between platform users by deploying Ethereum-based ERC-20 smart contract. The smart contract allows for Maksab tokens (MXAB) to be utilised on the network as a bridge currency and anti-spam mechanism to manage and close deals in a B2B environment.

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Keywords: Ethereum blockchain, smart contracts, advisors, finance, Maksab, SMEs, growth capital, virtual environment, ERC-20 smart contract
Categories: DeFi & Crypto & Web3
Countries: United Arab Emirates
This article is part of category

DeFi & Crypto & Web3