Partnerships and Collaborations
Xcapit has an alliance with the Universidad Tecnológica Nacional Facultad Regional Villa María, with whom is building a blockchain lab and conducting joint R&D activities for the last years. From México, has partnered with the Universidad de Morelos, in which Xcapit contributes teaching about blockchain technology and other educational programs.
Other alliances with Argentinian National Universities and with the social program for financial inclusion, FIVI (Finance for Everyday Life) allowed during 2022 in-presence training for young people in rural areas with limited connectivity from Lamadrid, Tucumán, Argentina.
Xcapit linked with Pulenta, a charitable organization which encourages solidarity aid for the development of vulnerable groups, turning donations into food and necessary items for soup kitchens and neighborhood institutions.
Xcapit is part of Santander X 100, a global community of startups and scaleups highlighted by Santander X, received mentorship and training, capital raising, clients, talents and other sources of value. This was after Xcapit won in the scale up category in the Santander X Global Challenge | Blockchain and Beyond program, where the most innovative startups and scaleups using blockchain technology are awarded.
During the last year, Xcapit changed from flat fee to a model with no entry barrier, obtaining revenue sharing from our partners. This is important considering the fact that almost 60% of adults in the Latin American region are unbanked, according to the World Bank.
This shift to a self-custodial and decentralized wallet enabled a frictionless and automated monetization model, embedded in Xcapit’s products and services.
The acquisition model also changed, from one that used traditional strategies to one that prioritized community building.
UNICEF Venture Fund
UNICEF’s support helped Xcapit build value, with a premium put on discovery, iteration, survey, and experimentation with the end user. The guidance at the right time is priceless. It prevented us from facing a major problem in the future when our blockchain unicef mentor guided us when we were deciding the technology to create our wallet.
Changing our mindset to become a fully open source company was also challenging. We had the best guidance we could ask, and we successfully overcame the difficulties and doubts, understanding the benefits of open collaboration. The reward came just before graduating, when we were accepted as digital public good by the dpg alliance after unicef's mentorship.
The Way Forward
"Looking ahead to next year, we plan to continue increasing the solutions we offer, not only in geographical terms, but also to accompany the value proposition that complements the current products and services," says José Trajtenberg, CEO and co-founder of Xcapit.
"I think we will have the greatest impact in the Latin American region because it addresses the main problems that the region faces. Problems of lack of trust in national governments and national currencies, coupled with the lack of access to financial products and services, mean that a solution such as Xcapit's will not only provide access to healthy finances, but also project the evolution and progress of society," says CEO and co-founder José Trajtenberg.
Xcapit’s focus is on improving the well-being of people through healthier finances, focusing on increasing crypto use on a daily basis.