Less than one year old, ARYZE was crowned as the best new Danish Fintech startup with the greatest business potential at Copenhagen Fintech Week 2018. The Copenhagen firm wants to become the world’s preferred payment system.
Using blockchain technology ARYZE issues fully redeemable stable coins backed by and pegged to traditional assets. By creating the bridge between traditional value and digital currencies ARYZE aims to be the primary payment infrastructure enabling individuals, businesses, and IOT devices to make instant payments globally in a modular ecosystem with no transaction fees.
“The world is ready for a payment revolution and blockchain technology will be the force. We want to get rid of the many transaction fees and create an ecosystem where value can be transferred immediately without intermediaries. The time is now and ARYZE aims to become the world’s leading payment method”, states CEO Jack Nikogosian.
The CFO of the company with a background as VP at JP Morgan and SVP at UBS is certain ARYZE can be the world’s preferred payment system.
When currencies around the world become programmable on a single digital platform an endless number of Fintech and Insuretech products can be launched on the platform. Companies like ARYZE has the potential to companies 70-80% of their payment expenses per year and that is why solutions like this are in demand.
“It was a pleasure handing out the Copenhagen FinTech New Startup 2018 Award to ARYZE – saluting them for being the early stage Danish Fintech startup with the greatest potential to succeed. ARYZE and their stablecoin solution is an extremely visionary project with huge scaling possibilities. They have put together a great and dedicated team and combines this with a highly qualified advisory board which makes us believe that their ambitious project including their ambitious funding-plans will turn out to be a success”, states CIO of Copenhagen FinTech Simon Schou
Facts about ARYZE
Founded by CEO Jack Nikogosian in August 2017 with Carl Jenster and Morten Nielsen as co-founders. ARYZE was awarded the prize as the best Fintech Startup at Venture Cup in December 2017 and was also awarded a scholarship for 30.000 euro from Innovation Fund Denmark.