Tech Startup Definer, a US Defi startup has been accepted into the Abu Dhabi Tech Stars accelerator. Founded in 2018 Definer offers financial services for digital asset users to include loans, savings, investments, and payments. These products are blockchain based.
According to Jason Wu, Founder and CEO states, “ Compared to the existing financial world, digital asset economy will be smoother, faster, safer, less corrupt and cheaper”
According to release Definer is building is building the infrastructure for the world of decentralized finance or DEFI. Currently they offer a platform for peer to peer lending and borrowing, and Definer is a digital asset savings account.
As such, Techstars, one of the world’s top leading tech startup accelerators accepted Definer into their 2020 cohort in Abu Dhabi.
In August of 2019 Definer won the 2019 Detroit Fintech Challenge beating 17 other startups. “We are humbled and honored to have received this distinction,” said Jason Wu.
DeFiner provides liquidity, reduced lending fees, 24/7 on-demand loans, and reduced transaction time. To help do so, DeFiner has developed strategic partnerships with industry leaders in the blockchain and crypto sphere. Partners include Binance to track the value of cryptocurrencies, Kyber Network to allow users to seamlessly swap between tokens, and Wyre for flexibility in converting between cryptocurrencies and cash.