MKB Bank
Váci utca 38, Budapest, 1056, Hungary
Overview
The successful digital switchover implemented by MKB Bank in June opened up unique, world-class development opportunities for the financial institution in Hungary. As a result, MKB Fintechlab is hosting a unique international fintech hackathon in Budapest between November 30 and December 2. Participants from six countries can use MKB Bank's new digital system to develop and present open banking solutions.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 1
Sector focus
- Banking
- Financial Services
Investment portfolio
- Amon
Participated · Equity · Dec 2020
Amon develops the Amon Wallet, which integrates EUR/GBP fiat wallets, multiple crypto wallets, one-click exchange functionality and other products to support user spending and investing. The company offers Amon Earn, an investment product in partnership with Celsius.Network that advertises 3%–12% annual passive interest paid weekly without a locking period on assets including BTC, ETH, XRP, LTC, BCH, DAI and USDCCD. Upcoming product launches include an Amon Debit Card (approved for release) that will work in 31 EEA countries and be accepted anywhere UnionPay is accepted, plus an Investment Assistant to help users with portfolio risk scoring and an Ethical Token/Utility to support charities. Amon says the Wallet–Card integration will allow users to earn passive interest and spend it within the same Wallet. The company has been fundraising on the investment platform BnkToTheFuture and has so far raised over $470,000 in equity funding. Since its inception in April 2018, Amon has onboarded institutional backers including MKB Bank and Digital Magics.
Team
Norbert Gaal
Head of digital capabilities & innovation
LinkedIn