About

Today, users of various banking services face challenges with transactions through traditional banking institutions. Moreover, modern banking institutions largely view customers as mere transactions, overlooking the broader context that each customer brings. As a result, personalized services tailored to individual users are lacking. Furthermore, the traditional technological infrastructure employed by banks, lacking direct integration of emerging technologies like Cloud solutions, hampers scalability. Additionally, new forms of digital money, such as Central Bank Digital Currencies (CBDCs), are surfacing, necessitating technologies and expertise that are currently absent within these institutions.

Solution & Product

The products offered by EXCELON are relevant to all users who interact with and manage money, particularly focusing on millennials and Gen Z. EXCELON provides a comprehensive solution that is fully competitive with existing neobanks, extending the customer experience into the realms of digital currencies, blockchain, and the metaverse through a super-app that requires no technical or banking knowledge.

Innovation & Scalability

EXCELON, through its own Blockchain, introduces a revolutionary method for executing transactions by ensuring complete regulatory compliance and transparency. EXCELON's Blockchain operates as a private blockchain that facilitates the tokenization of assets and enables cross-border payments within milliseconds, thanks to its distinctive features and compliance infrastructure. This leads to significant improvements to the established banking infrastructures of SEPA and SWIFT payments, including: - A distributed global infrastructure model with no single point of failure. - Lower costs for cross-border payments, as all transactions are processed on the blockchain. For example, a typical SWIFT transfer can cost at least €25, while the same transaction on the XLON chain will cost just €0.0002. - Rapid execution, with all transactions confirmed in 5-second blocks, capable of handling up to 200,000 transactions per block and achieving real speeds of 0.025 milliseconds, in stark contrast to the minimum one-day completion time for a SWIFT transaction. - Improved security, resulting from the cryptographic infrastructure and elliptic curve encryption model provided by the XLON Blockchain. - Regulatory transparency and an immediate solution to combat AML/TF issues due to increased transparency. - Energy efficiency. - Support for CBDCs. - Interconnectivity.

Traction & achievements

EXCELON is currently at a stage where: - It has a fully developed technological and functional application for electronic money services. - It has 36,000 registered users in these regions. - It has processed 145,000 electronic money transactions totaling €22.9 million.

Team & Why Us

The team comprises seasoned professionals from IT, telecommunications, and banking with extensive expertise, positioning the company to become a leader in its industry. - George Koronias, Former CEO of Vodafone Greece and Albania for 16 years, guided the company from its founding stages to achieving multi-billion dollar revenues and a stock market IPO. - Manos Macromallis, a highly accomplished senior executive with over 20 years of experience in the tech industry, has a notable track record of delivering innovative solutions while generating significant traction for start-ups. - Christos Georgopoulos, Founder and CEO of Inaccess Holdings, a leader in renewable energy generation and power trading, was recently acquired by Vista Private Equity. - George Pipilakis has over 20 years of experience in full product lifecycle management, business process management, and agile software development for cloud, desktop, mobile, and distributed/private blockchain implementations. - Alex Exarchos, a tech investment banker in the Southeastern Mediterranean region, possesses a unique track record of senior leadership with reputable global investment banking and private equity franchises.

Funding Needs

There will be an extensive description later here.