Elo closes deals and explores startups that focus on the metaverse, crypto belongings, blockchain and DeFi.

Connectone in all the largest cost expertise corporations in Brazil, introduced a partnership with the National Federation of Associations of Central Bank Employees (Fenasbac) being one in all the important contributors to the startup accelerator program.

As Elo informed Cointelegraph, the settlement with Fenasbac represents yet one more group of corporations in the seek for connections and startupss. This 12 months, the firm launched the Elo Conecta program, which seeks early stage corporations to assist construct the way forward for funds in Brazil, exploring varied subjects akin to metaverse, crypto belongings, blockchain, DeFi, amongst others.

“This is a part of our objective to alter the cost system on this nation. We perceive that by Next we are able to get nearer to disruptive startups, applied sciences and enterprise processes and this may assist us check and create merchandise for our large objectives”, confirms Duda Davidovic, innovation supervisor at Elo.

Aceleração Next is a program to advertise fintechs with excessive potential. The latter helps fintechs broaden their enterprise communities and join with them giant corporations to construct a pilot challenge, which goals to resolve issues inside the new merchandise.


The problem is carried out by Fenasbac, in direct cooperation with the help corporations Sinqia, Finansystech and Mercado Bitcoin, and has the help of Numerik and MCS Law.

“For Fenasbac, having Elo as an innovation associate strengthens not solely the attain and areas of NEXT acceleration, but additionally the skill to create fintechs that have nice potential in creating new concepts for one in all the most essential corporations in Brazil,” stated Rodrigoh Henriques, Director of Innovation at Fenasbac.

Elo has created a workforce that focuses on expertise and constructing partnerships, co-creation, labs and different connections with entrepreneurs. The firm has already analyzed 400 startups that handed the earlier packages, efficiently analyzed circumstances of Cyber ​​​​​​Security, Blockchain, Lifecycle, open banking and Data Analytics.

In addition, in 2021, it was one in all the 100 corporations on the record of 100 Open Corps in the 100 Open Startups award, related to innovation facilities akin to Endeavor, InovaBra and ABFintechs. In 2022, Elo launched the Elo Conecta program, which requires startups to assist the firm create the way forward for funds in Brazil.

This was analyzed in the Elo Conecta program

  • Data Analytics: Technologies that present worthwhile and adaptive options primarily based on knowledge.
  • Open Banking: Solutions that assist Elo construct Open Banking in Brazil.
  • Digital Payments: Solutions for funds that are on the rise by exploring new types of authentication, biometrics, 5G, IoT and sensible cities.
  • Metaverse and Games: Critical experiences in the new financial system of video games and video games.
  • Cyber ​​​​Security: Technologies and merchandise that present higher safety to prospects.
  • Cryptoassets, Blockchain and Defi: Services primarily based on cryptoassets, blockchain and DeFi, to open new cost strategies and discover new markets.
  • New cost strategies: Payment strategies that allow us to discover and enhance funds in new markets utilizing rising applied sciences.


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