• Corporation or Corporate Foundation

SKYBIT

SKYBIT uses blockchain technology to ease the flow of monetary value into Myanmar. Their services include SKYBIT Payment Processor accepts bitcoin payments from the customers and then automatically credits the merchants' or users' account with Myanmar Kyat, SKYBIT Exchange that allows users to buy or sell cryptoassets with local currency. Users can send international remittance of monetary value, pay for goods or services from merchants/users in other countries over the Internet, as well as for speculative trading and investment.

  • Stages of Support

    • Idea
    • Start-up
    • Early
    • Growth
    • Mature

  • Nonfinancial support delivery mechanism

    • Online / mobile

  • Sectors of Focus

    • Sector agnostic

  • Stakeholder or Business Model Focus

    • Base of the pyramid
    • Social enterprise
    • Women entrepreneurs
    • Accessibility
    • Youth entrepreneurs
    • Minority or previously excluded population
    • Transparency and accountability

  • Impact objectives

    • Income/productivity growth
    • Access to financial services
    • Generating funds for charitable giving

  • Verticals

    • FinTech
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