The hosts of the popular FutureTech podcast invited Alex Koles to share the story of Evolve Capital Partners and how they provide companies in the fintech space with unrivaled connections and expert knowledge. Joining him were Young Cho, CFO and Gennadiy Gurevich, CIO of AltLending, a leading-edge company in New York that provides asset-backed loans against cryptocurrencies. The team at AltLending has valuable experience in lending and tech startups and currently offers liquidity to Bitcoin holders, with plans to expand to Ethereum and other cryptocurrencies in the future.

Alex explained the role Evolve Capital Partners plays in advising a variety of specialty finance/lending platforms and their close work with the AltLending team in the blockchain space. He segmented blockchain companies into three groups, noting that Evolve provides M&A and financing advisory to companies in categories 2 and 3, with an emphasis on assisting those who fall into category #3:

  1. Conceptual
  2. Established with institutional capital backing
  3. Highly commercialized with critical revenue

In the broader blockchain space, real-world use cases in insurance, payments/international remittances, financial services are Evolve’s focus.

The AltLending team discussed the high demand for expertise in blockchain technology and their expectation that the industry is poised to have a “Google moment” in the future. Banking is an area that’s slow moving when it comes to technology adoption because it’s seen as a threat to the traditional system and operating in a regulatory environment makes innovation difficult. However, some financial services companies are doing case studies with blockchain technology, most often in the payments/open banking area globally. Domestically, only a few large banks are even looking at blockchain technology for settlements and money transfers.

For more insight on the novel ways blockchain technology is being used throughout the world, tune in to the FutureTech podcast.

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