FinTech, a Sydney-based blockchain-based company, has hired former eBay and Sendle executives as general managers as it approaches launch later this month.
Apurva Chiranewala is one of several important appointments at Block Earner, SynthetixA support platform aimed at making the high yields of decentralized finance more accessible to everyday Australians.
Chiranewala, former shipping officer for eBay Australia and New Zealand and former Chief Development Officer for Logistics Scale-up Sendle, is responsible for overseeing Block Earner’s global operations, growth and strategic partnerships.
“My goal as a general manager is to simplify and communicate the benefits of decentralized finance for consumers and move this new technology towards mass adoption,” he said.
“I have rarely seen financial services companies that could have a positive impact on human life. block Earner.. “
“It’s a rare start-up with the ability, vision and support to shake the turmoil in Australia’s financial industry,” added Chiraneuala.
More “Easy DeFi” Platforms Appear
BlockEarner, which raised $ 6.4 million in the December seed round, looks a bit like FinderEarn, which was released yesterday to all adults in Australia with the waiting list removed.
However, Block Earner’s yield states that its yield is even better than the Finder Earn’s 4.01%, with a fixed annual interest rate of 7.0% or a variable return of 2-18%.
Block Earner uses stablecoin to generate returns USDC And DeFi lending and borrowing protocols Aave When Compound..
A similar Sydney start-up is Tiiik, which promises to offer an annual yield of 10% at launch. Terra money And stablecoin TerraUSD..
Zip Co (ASX: Z1P) Co-founder Larry Diamond was one of Tiiik’s $ 5.2 million seed round investors last month.
US-based crypto lending platforms Blockfolio and Celsius also offer high yields, but it’s not easy to send money from Australia.
Return to block winner
Other key adopters of Block Earner include former Tyro Payments and Capify Australia marketing director Colin Williamson as responsible for digital and growth. Tawanda Mangere as Head of Risk and Compliance; Barris Ilmas as Chief Financial Officer.
The company was co-founded by former Synthetix executive Jordan Momtazi and CEO Charlie Karaboga.
Framework Ventures, a US VC company, led a $ 6.4 million seed round with the participation of Coinbase, DeFi Alliance and Longhash Ventures.
“Web3 is no longer just a niche ecosystem, it’s the future of most online and digital things,” says Karaboga.
“What we witnessed in Silicon Valley is happening in Australia. In Australia, experienced talents in traditional industries recognize the potential of blockchain and as a result enter the field. I am. “
“A powerful combination of traditional skill sets and advanced innovations will greatly help DeFi to reach its full potential.”
