Maksab launches SME financing platform
Mita Srinivasan
10X Technology

Maksab launches SME financing platform

Blockchain technology underlies B2B transaction security

Maksab launches an easy-to-use platform that 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 (advisors), SME business owners and private investors.

The Platform leverages the Ethereum blockchain to allow confidential, secure, streamlined, efficient and reliable transactions between platform users ERC-20 smart contract. The smart contract allows for Maksab tokens (MXAB) to be utilized on the network as a bridge currency and anti-spam mechanism to manage and close deals in a B2B environment.

“By adopting blockchain as an underlying transaction protocol and using the internet’s existing communication protocols, we allow deal-makers to facilitate B2B transactions in a streamlined and more efficient way. The deals that would usually take 8 to 12 months to close, can now take weeks or even days,” said Mohamed El-Masri, Founder, Maksab.

The platform allows SMEs to get access to qualified resources that assist them in accelerating the growth of their businesses. With the launch of Maksab, professional advisors and consultants can now support, consult, guide and prescribe growth strategies to entrepreneurs and their management teams.