M-DAQ Pte Ltd (formerly known as Summit Investment Pte Ltd) was founded by a group of veterans from the FX and Securities Industries with experience averaging 15 years amongst the key members.  M-DAQ is an innovative and unique solution, providing a platform to price and trade any exchange-traded products in more than one currency by blending ‘executable’ FX rates into equities and futures products.  M-DAQ is the IP owner and holds the key relationships with the National Exchanges and the Global FX Banks. M-DAQ handles the entire consultancy work for each Exchange to be enabled on M-DAQ Solution, and provides the Exchange and the FX Consortium Banks with a license to use the M-DAQ solution. In addition, the partner Exchange will receive a revenue share of the net FX margins. The Exchange partners continues to operate the new cross-currency platform under existing in-country regulatory framework.

M-DAQ

We love helping companies to design, build, launch, and maintain bespoke web&mobile digital products. CreITive is a global technology partner for companies needing rapid innovation to differentiate from their competition. We combine our tech background with creativity to tailor smart web and mobile solutions that solve real life problems.

Creitive

FinMirai is an Investment and Digital Strategy firm.

Finmirai

The US bank account for anyone, anywhere. Our mission is to take banking beyond borders. Operating in over 150 countries, we enable people and businesses to open a US bank account online, without the need to be a US citizen, resident, or company registered in the US — opening-up the security, stability and freedom of US banking to the world.  As a signatory of the UN’s Principles for Responsible Banking, we are committed to making finance fair.     Our state-of-the-art technology, exclusive partnerships and proprietary processes are now being made available via our Banking-as-a-Service tools to enable other businesses to create new financial experiences for their customers.  We are a US digital bank with offices in Europe, the US, Central and South America. We have a diverse and inclusive team, drawing skills from multiple industries and backgrounds.   The company was founded in 2019 by Mushegh Tovmasyan and is based in San Juan, Puerto Rico.

Zenus Bank

Hackquarters is your launchpad to become a successful company that you deserve to be. In Hackquarters you will have access to our great team, capacity and disruptive technologies. It’s not only our office space that we will be sharing, but people who see far beyond today.

Hackquarters

HolyWally

HolyWally aims to revolutionize the mobile payments industry by making it remarkably simple for anyone in any industry to build a mobile payment solution that perfectly suits their business needs.

HolyWally is a white-label digital wallet platform that enables businesses to rapidly develop and launch their own customized mobile wallets. Headquartered in Singapore, the company was founded in 2020 by Veljko Vasic, John Rutledge, and Ivan Bajalovic. HolyWally's Wallet-as-a-Service (WaaS) solution empowers organizations to enter the mobile payments market with reduced costs, faster time-to-market, and increased revenue opportunities.

Holywally Raises $1.4M Investment Round For White

HolyWally Chooses The Fintech House, Lisbon, For Euro HQ Base

Digital wallet HolyWally moves into EU with Portugal office

Label Digital Wallet Platform

Singapore’s digital wallet HolyWally raises US$1.4 million in fresh funds

Digital Wallets

Singapore’s DCS Innov acquires digital wallet fintech HolyWally

Visa

HolyWally, a spin-off company of Creitive, providing a B2B2C white-label digital wallet service, has joined the Visa Fintech Partner Connect program. The program is designed to seamlessly connect Visa’s issuing clients with technology providers that have been carefully curated and vetted by Visa.

HolyWally is a white-label digital wallet platform that enables businesses to rapidly develop and launch their own customized mobile wallets. Headquartered in Singapore, the company was founded in 2020 by Veljko Vasic, John Rutledge, and Ivan Bajalovic. HolyWally's Wallet-as-a-Service (WaaS) solution empowers organizations to enter the mobile payments market with reduced costs, faster time-to-market, and increased revenue opportunities.
The platform offers a library of reusable mobile components and integrations with various fintech partners, allowing businesses to create personalized digital wallets tailored to their specific needs. HolyWally's human-centric design approach ensures exceptional user experience for customers. The company's flexible and scalable architecture enables businesses to launch their digital wallets within weeks and scale rapidly in a matter of months.
In February 2022, HolyWally secured a USD 1.4 million pre-seed funding round led by M-DAQ, a prominent Singaporean fintech firm. The investment supported the expansion of HolyWally's research and development efforts, team growth, and commercialization initiatives to meet rising market demand. The company had established partnerships with industry leaders like Visa and Microsoft, further enhancing its platform's capabilities.
In April 2023, HolyWally chose Lisbon, Portugal, as the location for its European headquarters and research and development center. The company joined the scaling up program run by the Unicorn Factory Lisboa, solidifying its commitment to expanding across the continent. HolyWally was acquired by a leading global financial services firm in October 2023, further bolstering its position in the digital wallet space.

Dwolla is a leading provider of payment services specializing in account-to-account (A2A) payments. The company offers an innovative API solution called Dwolla Connect, designed for mid to enterprise-sized businesses. Dwolla Connect simplifies the process of replacing legacy, batch-based technology with modern infrastructure, enhancing the management and reconciliation of payments across multiple financial institutions. With Connect's bank-agnostic approach, businesses can leverage their existing commercial accounts at top US banks, including JPMorgan Chase & Co. and Wells Fargo, to effortlessly initiate payments by embedding Dwolla's API into their existing applications and payment flows.
Dwolla Connect serves a wide range of industries, such as financial services, lending, banking-as-a-service, marketplaces, and insurance, among others. Its API-first approach enables businesses to effortlessly integrate A2A payments into their apps or connect with existing ERP/cash management systems, offering a centralized location for payment information. Dwolla Connect provides substantial time and cost savings by allowing businesses to embed a single API, avoiding multiple bank integrations and simplifying their treasury management.
Over the years, Dwolla has expanded its offerings, introducing products like Dwolla Balance, a digital wallet solution, and exploring new payment methods and value-added services. The company has partnered with industry leaders like MX, a leader in open finance APIs, and Mastercard to enhance its payment capabilities and offer consumers more choice in managing their money.

Dwolla

Papaya is a SaaS fintech company that provides global payroll and payments technology through its comprehensive platform called Papaya Payroll OS. The platform automates payroll processes, ensures compliance, offers flexibility, and provides robust security features. Papaya's integrated approach connects data and processes from various HR and enterprise resource planning (ERP) tools, creating a single source of truth. This turns payroll, a company's biggest expense and liability, into a strategic asset that enables growth at scale.
One of Papaya's key offerings is a personal portal that empowers employees with convenient access to their payroll financial information. In March 2023, the company introduced a mobile app as part of this portal, allowing employees to securely view and manage their payslips, work-related documents, and bank account details on the go. This app caters to the growing trend of employees accessing payroll information via mobile devices, with 53% of employees doing so as of March 2023.
Papaya's technology has been recognized by leading global analysts for its disruptive approach in workforce management and payments. The company has received accolades such as being included in the Forbes Cloud 100 and CNBC's Top Startups for the Enterprise.

Papaya

Citcon is a leading global payment gateway and service provider, offering innovative solutions that enable businesses to accept payments from consumers using various mobile wallets, payment apps, and methods. The company's technology empowers merchants to expand their customer base and streamline the payment process, enhancing the overall shopping experience. Citcon's platform allows merchants to securely process millions of payment transactions daily from over 200 payment methods, including popular digital wallets like Alipay, WeChat Pay, PayPal, and Venmo.
Founded in 2015, Citcon pioneered as the first authorized US merchant acquirer for WeChat Pay and Alipay, two of the most widely used mobile wallet providers in China. Over the years, the company has expanded its partnerships to include more than 20 global wallet providers, reaching over 2 billion mobile wallet users worldwide. Citcon's technology integrates seamlessly with various point-of-sale (POS) and ecommerce systems, making it accessible to merchants across diverse industries.
Citcon's solutions cater to the needs of businesses of all sizes, from Fortune 1000 companies like L'Oréal, Hermes, and Nordstrom to major retailers such as Macy's, Caesars Entertainment, MGM Resorts, and Revolve. Its platform is deployed at over 30,000 merchant sites and locations globally.
In October 2021, Citcon closed a USD 30 million Series C funding round, backed by leading global investors such as Norwest Venture Partners, Cota Capital, Sierra Ventures, Sonae, and East-West Bank. The company has expanded its presence with regional offices in the US, Canada, Europe, and Asia to serve its global clientele better.
Citcon has also diversified its offerings to include cryptocurrency payments. In May 2021, the company partnered with Flexa, a leading pure-digital payments network, enabling merchants worldwide to accept cryptocurrencies like Bitcoin, Ethereum, Litecoin, and Dogecoin as payment options.

Citcon

PayNearMe is a leading bill payment platform provider that enables unbanked consumers to make cash payments for various services. The company's technology generates a barcode that consumers can take to participating merchant locations within their vicinity. At the store, customers scan the barcode, provide cash to the cashier, and receive a receipt confirming the payment. This innovative solution solves the challenge of accepting cash payments in an increasingly digital world.
PayNearMe's platform supports multiple payment methods, including cash, credit/debit cards, and bank accounts. The company has built an extensive merchant network of over 40,000 retail locations across the US, including partnerships with major chains like Walgreens, CVS Pharmacy, Walmart, and Family Dollar Stores. By March 2022, PayNearMe had expanded its network by nearly 50% over the previous 12 months, with the addition of nearly 9,000 Walgreens and Duane Reade locations.
PayNearMe offers a seamless payment experience for customers while enabling businesses to increase foot traffic and potential incremental sales. The company focuses on partnering with convenience stores, dollar stores, grocers, and pharmacies, as these merchant categories align well with their business model.

PayNearMe

Paydiant was a company that provided a cloud-based white-label mobile wallet platform enabling merchants and banks to deploy their own secure mobile wallet solutions under their brand names. Its patented technology allowed merchants to integrate mobile wallet functionality, including mobile payments, loyalty programs, offers, and e-receipts within their existing mobile apps.
The platform assisted merchants in acquiring new customers and increasing sales by delivering targeted offers and personalized loyalty programs directly to consumer mobile devices. Payment credentials were never stored on users' phones but instead securely held in a PCI-compliant data center, enhancing transaction security.
Paydiant's flexible platform supported various payment instruments like debit, credit, gift, and private-label cards while providing valuable insights into customer spending behavior. It facilitated seamless integration with existing point-of-sale systems across popular smartphone models, eliminating hardware upgrade requirements. The company's technology was compatible with emerging standards like Bluetooth Low Energy (BLE).
In March 2015, Paydiant was acquired by PayPal to bolster the latter's in-store mobile payment capabilities and enable merchant partners to build branded mobile wallets integrated with PayPal's services.

Paydiant

These enable users to utilize their wallets for various transactions at virtually any merchant that accepts digital wallet payments without any restrictions on usage.

These enable users to carry out transactions at a selected list of merchants and locations. Merchants may need to set up predefined agreements with digital wallet issuers to accept payments from the wallet.

These are typically developed by merchants themselves and allow customers to use their wallets to make payments at the merchants’ own stores. Users are unable to use these wallets for transactions outside the issuing merchant.

Companies that offer white-label solutions for businesses and fintechs to set up their own digital wallet offering.

Leverages AI/ML to conduct various AML/KYC checks on customers and transactions processed through digital wallets

HolyWally

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