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MarketOrders COO quoted in Cointelegraph on crypto regulation

MarketOrders Co-Founder & COO, Sukhi Jutla, was recently quoted in Cointelegraph article ‘Five Countries Where Crypto Regulation Changed the Most in 2019’.
The journalist, Julia Magas, wrote:
Similar expectations were shared with Cointelegraph by Sukhi Jutla, the co-founder of MarketOrders — a blockchain-based platform for the gold and diamond jewelry industry:
“With over 1 billion population in China, this looks like the perfect testing ground to see mass adoption taking place. China is already the leader when it comes to mobile payments and creating their own dedicated cryptocurrency was the natural next step. China is the home to thousands of blockchain startups so I wouldn’t be surprised to see China leading the way and making even more gingiva advancements in 2020.”
According to MarketOrders’ Jutla, the United Arab Emirates is one of the leaders in crypto regulation when it comes to the Middle East. He said:
“This year, the Securities and Commodities Authority (SCA) in the United Arab Emirates drafted a resolution on regulating crypto-assets, providing greater clarity for crypto-related projects in the Middle East nation. By drafting this resolution, the UAE is sending a positive sign to the world. This can be seen as a signal that they are open to exploring this area and by creating guidelines they are giving more reassurance, confidence and stability to businesses owners who may want to enter this field.”
Along with Sukhi, other experts gave their opinions:

You can read the full article here.
 

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MarketOrders Co-Founder interviewed by Quartz on non-traditional ways to fund your business

Our Co-Founder & COO, Sukhi Jutla, was recently interviewed by journalist Elaine Pofeldt for Quartz article ‘Female entrepreneurs are turning to non-traditional sources to fund their businesses’.
The journalist wrote:

“Sukhi Jutla had no illusions about raising venture capital for her startup, MarketOrders, a blockchain-based global marketplace for the gold and diamond jewelry industry. She knew that in the UK, only 1% of venture capital (pdf) goes to women. And as a minority woman, she faced even steeper odds.

She decided to try to raise the money anyway. She reached out to VCs on LinkedIn and at tech meet-ups, and showed up at their open office hours. After hundreds of meetings over several months, she finally got a bite from a two-man firm that was interested in investing £250,000 pounds (about $329,000).

Jutla started getting uneasy when the investors asked how long it would be until she ran out of money and dragged out their conversations for four months—a month short of when she’d said her cash would dry up. “I felt they were trying to waste my time and get me into a desperate situation,” she said.

After finally making an offer, “one of them kept calling me at times I didn’t think were appropriate—10 pm or 6 am—demanding financial information,” she recalls. “I told him very politely I’d be grateful if you could keep this relationship within office hours.”

“If I invest in you, I own you 24/7,” he responded. Then he threatened, “News travels fast in small circles. You’ll never raise venture capital because of your attitude.”

Jutla gave up on the idea of raising venture capital for MarketOrders. “I decided to take 100% responsibility for raising the funds I needed,” she says. In June, she ran a four-week campaign on the crowdfunding site Crowdcube, raising  £439,840 ($579,719)—almost twice as much as the VC investors had offered her.

She has no regrets about leaving the VC world behind. “Most of their deals were just rubbish,” she says. She only sold 9% of her company’s equity, far less than the investors were asking. Today, she’s built the company to 14 employees. Its tech platform is still under construction, but it’s already brought in £100,000 ($131,575) in its first year.”

 
You can read the full article here.
 

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MarketOrders COO quoted by Altexsoft on Blockchain in supply chain

Our Co-Founder & COO, Sukhi Jutla, was recently quoted in Altexsoft article ‘Blockchain in Supply Chain and Transportation: Benefits, Use Cases, Limitations, and Opportunities’.
Here is what the article says:
“We can’t but agree with Sukhi Jutla, co-founder of MarketOrders blockchain platform, stating that “in many cases, the logistics and transportation industry doesn’t have a full, end-to-end digital footprint.” She further explains that at touchpoints where goods and products are handled in person “human errors and issues of trust can occur.”
The high cost of deployment. This drawback stems from the previous one. Sukhi Yulta from MarketOrders acknowledges that the upfront costs of the technology deployment “could prevent small players from participating” while “the biggest players could create their own blockchains and charge high fees to be part of this”.”
You can read the full article here.
 

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MarketOrders CEO quoted in CEO Blog Nation

Our CEO, Ram Krishnna Rao, was recently quoted in CEO Blog Nation article ’18 Entrepreneurs Reveal The Word That Could Represent Them and Their Business in 2019′.
He said: “2019 was a key year for us in terms on growing which included our first external fundraising. This required a lot of persistence to get through the hundreds of rejections and set backs we experienced until we were able to raise the required growth capital. It was all about pushing through obstacles and challenges and turning them into opportunities and it requires endurance and strength to keep going when the tide seems to be going against you. With continued persistence, I was able to navigate the funding landscape and successfully overfunded and grew the size of my team by 300%.”
You can read the full article here.
 

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MarketOrders Co-Founder quoted by Finance Magnates on altcoins predictions

Our COO & Co-Founder, Sukhi Jutla, was recently quoted in Finance Magnates article “2019: The Year in Altcoins, and the Year Ahead”.
The journalist, Rachel McIntosh, wrote:
“Sukhi Jutla, COO of blockchain B2B platform for the gold and diamond jewelry MarketOrders, told Finance Magnates that the coins that she’s observed to have a continuous strong performance are those that have seen the most adoption; those that have “had buy-in from many participants who would use the coin.”
“This is key for any success,” she said, pointing to Ripple as an example. “You need to have your stakeholders onboard and Ripple managed to do this well by getting trust and confidence from the banks who would use Ripple.”
Jutla also pointed to altcoins that have consistently delivered on promises of privacy: “Monero has also stood the test of time,” she said.
“Users value their greater levels of privacy. Dash altcoins continue to do well as a payment method which has proved to be faster than Bitcoin. And of course, Ethereum continues to go from strength to strength which has been driven mainly due to the number of applications being built on this network.”
“The number of altcoins coming to market has fallen when you compare it to 2017 and 2018,” Sukhi Jutla said. “This is mainly due to investors scrutinizing new coins and wanting to understand better how the coin can be used for the long term.”
Therefore, “I predict we will continue to see altcoins coming to market,” Jutla said, “but there will be more pressure on the creators to convince investors that their coins are here for the long term, can provide value and compete against Bitcoin as a credible coin of value.””
Quoted along Sukhi are:

  • Adam Todd, founder and CEO of Digitex Futures
  • Alex Lindenmeyer, Co-Founder of Accointing AG

You can read the full article here.

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MarketOrders COO interviewed by DMN at Fintech Inn

Our Co-Founder & COO, Sukhi Jutla, was interviewed by DMN while speaking at Fintech Inn last November.
The journalist, Chris Wood, wrote:
More than just banking, blockchain technology brings fintech applications to other verticals. Sukhi Jutla is the co-founder and COO of UK-based MarketOrders, which uses fintech innovation to create an online marketplace connecting every point in the supply chain for jewelry suppliers and independent retailers. In the way that diamonds and other precious gemstones are individually certified, MarketOrders currently achieves the same trackability for gold in the supply chain. There is also a blockchain payment protocol layer on top of the supply infrastructure to manage payments, because there can be up to a two-week delay in money transfers, which can make or break an independent jeweler, according to Jutla.
In addition to exchange of ideas and business opportunities for MarketOrders, Lithuania is also a source for recruiting new tech professionals in a highly competitive hiring market.
“Because fintech is so new, there aren’t many people who understand it,” said Jutla. “There’s not much tech talent, so there’s a fight for the talent pool,” she explained, adding that Lithuania is “a key region to build our business and to expand.”
Interviewed in this article as well were:

  • Minister of Finance, Vilius Sapoka (picture above)
  • Bank of Lithuania board member, Marius Jurgilas
  • Laurence Cooke, founder and CEO of nanopay
  • Fintech LT Project Manager, Vaiva Amule

 
You can read the full article here.
 

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MarketOrders Co-Founder featured in Ealing News Extra article

Our COO & Co-Founder, Sukhi Jutla, was recently featured in Ealing News Extra ‘A year in stories: Part three’ article.
The article gave a review of stories that have appeared on Ealing News Extra in 2019 and decided to look back on a few of the highlights.
Sukhi was featured as an entrepreneur who won awards for innovation and was one of those to receive business support from the council.
You can read the full article here.
 
 

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MarketOrders COO quoted in the Financial Times

Our Co-Founder & COO, Sukhi Jutla, was recently quoted in Financial Times article ‘The humble Post-it note is a must-have for young techies’.
The journalist, Jonathan Margolis, wrote:
‘This sense of being able to physically mark the finishing of a task was reflected by Sukhi Jutla, co-founder of MarketOrders, a London blockchain business working in gold and diamonds. “I get a sense of accomplishment when I tick off the task on my Post-it notes,” says Ms Jutla, who was recognised by the FT last year as a European Digital Champion.’
You can read the full article here.
 
 

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MarketOrders Co-Founder interviewed by Entreprenora podcast

Our Co-Founder & COO, Sukhi Jutla, was recently interviewed by Entreprenora podcast.
In this conversation, Sukhi and her host, Rupal Patel talked about overcoming the pressure to be a “good girl”, leaving jobs that shrink our souls, and bringing transparency to traditional industries using digital processes and technology.
 
Sukhi’s interview is full of life lessons and spirit lessons that will expand your sense of the possible, so listen in and get ready to be inspired.
You can listen to the podcast here.
 

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MarketOrders COO quoted by Cryptoradar about Libra predictions

Our COO & Co-Founder, Sukhi Jutla, was recently quoted in Cryptoradar article “Facebook Libra Price Predictions: 4 Experts Share Their Forecast”.
She said: “Since the Facebook Libra coin is a stable coin made up of predominately the US dollar, followed by the euro, any changes in these two currencies will affect the Libra price. Right now with the ongoing uncertainty in the UK markets around Brexit creating nearly daily changes in the price of the euro and ongoing challenges in the Trump administration with the impeachment charges, the price of the Libra coin will look to decrease as we head towards the end of the year.
Coupled with this the ongoing regulatory issues around Libra, it doesn’t seem like the price has a chance to strengthen. The project is still plagued by ongoing concerns which have caused the delay of the launch till 2021. This will further continue to put downward pressure on the price. In the meantime, this will create room for further speculation on whether or not Libra will indeed come to market and be given a chance to flourish.
It’s also worth pointing out that the price will be determined by the utility of the Libra coin and its ability to be adopted. Right now the only way we can see adoption is in Libra helping to facilitate international transfers to family and friends, in countries that lack financial infrastructure. Getting mass adoption will be key but will regulators allow for this?”
You can read the full article here.