Our Co-Founder & COO, Sukhi Jutla, was recently quoted in Finance Magnates article ‘Crypto Country: Singapore’s Bid to Become Fintech’s Largest Hub’.
The journalist, Rachel McIntosh, wrote:
Sukhi Jutla, chief operating officer of blockchain-based gold jewelry platform MarketOrders, said that the passage of the PSA is part of Singapore’s bid to “position itself as the go-to place for the Fintech community.”
“Singapore has long been a leader in terms of business on the world stage making it the most competitive Asian country and the world’s easiest place to do business,” Jutla explained. “Singapore benefits from its strategic location by being a leading port for those looking to enter Asian markets and also has a pro-business environment.”
Now, the country seems to be attempting to follow in the footsteps of “countries such as Malta, Switzerland and Gibraltar,” which “have been leading the way by providing clear regulations,” and, in some cases, “driving direct inward foreign investment.”
Sukhi Jutla noted that because “Binance is very influential in the crypto scene and is seen as a company trying to do the right things by abiding by relevant legislation,” its quick and public compliance with the PSA “is a vote of confidence from Binance in the Singaporean Fintech landscape as a welcoming place to do business.”
Sukhi Jutla also pointed out that “Singapore defining clearer legislation for the crypto scene is an indication that even successful and wealthy countries such as [itself] are anticipating that Fintech and crypto will become an increasingly larger part of consumers lives.
Therefore, “it only makes sense to embrace new technologies whilst they are still young.”
You can read the full article here.
Author: Caroline Hoffmann
Our Co-Founder & COO, Sukhi Jutla, was quoted in Fit Small Business article ‘The 10 Pros & Cons of Crowdfunding That Businesses Should Consider’.
She said: “Crowdfunding has limited time frames in which to raise and run your campaign. This helps to nudge investors to make up their minds and decide if they want to invest or not instead of dragging their heels. It’s better to have an outcome one way or another rather than an investment round dragging on forever with no definitive end in sight, which makes it difficult to plan for the business.”
You can read the full article here.
MarketOrders was recently named as one of the Top 10 technology companies founded by women.
Our COO, Sukhi Jutla, was featured alongside incredible businesses and female founders:
- Canva, co-founded by Melanie Perkins
- Starling Bank, founded by Anne Boden
- Bumble, founded by Whitney Wolfe Herd
- Eventbrite, co-founded by Julia Hartz
Sukhi reacted to the news: “It’s an honour to be recognised in this way alongside other outstanding entrepreneurs building exciting tech products and I hope this encourages more women into the field of technology to create and contribute to the future of tomorrow.”
You can read the full list here.
MarketOrders CEO, Ram Krishnna Rao, was recently quoted by CEO Blog Nation article ’10 Entrepreneurs Explain How They Deal With Constant Changes in Technology’.
He said: “When it comes to technology, businesses that want to reach or maintain their position of leadership in a market have to be ahead of the curve. Technologies take time to be implemented into a business, which is why you need to stay aware of any new technology that could benefit your company. Once the technology is already used by a competitor, it’s already too late. For example, banks should have embraced financial technology at its birth. Now they are struggling to catch up and keep up with their competitors. Keep an eye out, go to events and read about technology is the least you can do as an entrepreneur.”
Read the full article here.
We are delighted to announce that MarketOrders has been shortlisted for the West London Business Awards 2020 in the category Start-up of the Year.
The judging panel of the West London Business Awards 2020 met on Tuesday 19 November and announced its shortlist. The Awards, now in their seventh year, recognise the outstanding achievements of organisations and individuals across five themes: SME sector leadership, sustainable & responsible business, economic growth, corporate leadership, and individual leadership. The winners in each category, as well as the overall West London Company of the Year 202o, will be announced at a glittering awards ceremony and dinner on Friday 7 February 2020 at Twickenham Stadium.
Shortlisted companies range from globally renowned brands Cisco, Ibis and Kerry Foods to exporters such as Techniche and Russell Finex, as well as fast-growing innovators VeeLoop and THIS – plant-based food for meat lovers.
Andrew Dakers, CEO of West London Business said:
“We have seen a surge in entries this year which shows the sustained energy and dynamism in the West London economic powerhouse. Our judges were particularly pleased to see the continued embedding of environmental and social sustainability into the practices of so many of the entries – critically important in an era where we must rise to the challenges of climate change and poverty in our backyard as pressure on food banks grows. Awards night promises to be an exciting occasion with plenty of surprises to be had as always.”
Competing for the Start-up of the Year Award along MarketOrders are:
- Avasam
- NuOceans
- VeeLoop
Ram Krishnna Rao, MarketOrders CEO, reacted to the news: “It’s a fantastic privilege to be named as the West London Business Awards 2020 in the category Start-up of the Year. I’m very proud of my team who work tirelessly and passionately to bring digital innovations to the forefront of our industry and this nomination is evidence of that.”
Sukhi Jutla, MarketOrders COO, added: “It’s a huge honour to be recognised as West London Business Awards 2020 in the category Start-up of the Year. I would like to take this opportunity to thank WLB for championing West London Business start-ups and also extend gratitude to my amazing team who help create MarketOrders into the incredible company it has flourished into.”
The gala dinner at Twickenham Stadium is open to all – you don’t have to be on the shortlist to enjoy an amazing night of networking with West London’s most successful companies!
Find the full list of shortlisted companies here.
Our Co-Founder & COO, Sukhi Jutla, was recently quoted in Cointelegraph article ‘New Report on Crypto’s Legal Status in UK Lays out Regulation Options’.
She said: “This should hopefully encourage more conversations to be had around how these assets should be governed and regulated in a way that fosters innovation and development in the blockchain and crypto community.”
She added: “For the UK to emerge as the best place to create a crypto-related company, business owners need greater clarity and support from the government and financial bodies to feel assured that their innovations won’t get them penalised or fined.”
Read the full article here.
Our COO & Co-Founder, Sukhi Jutla, was recently quoted in Finance Magnates article ‘Calamity or Opportunity? The Effects of Brexit on Crypto’.
She said: “With Brexit still very much a hot topic it continues to cause many fractions between people and their opinions. No doubt there is no shortage of fear-mongering by those who want to stay in the EU and there is still a lot of indecision by those who are meant to lead us out of the EU on time and budget. And against this background of chaos, there are plenty of individuals and businesses who are trying to predict what the real impact of Brexit will have on them and their business and livelihood.”
She added: “Historically in times of uncertainty and chaos, many people will rush to the safety of commodities such as gold. This is why there is little surprise that the price of gold has been inching up daily. Gold is seen as a safe haven, a way to minimize risk by putting your eggs into a safety basket. Gold is real and it is a store of value.”
“Could this then be why the price of Bitcoin will also start surging as we head closer to Brexit day?,” Jutla asked. “Bitcoin, a digital currency still in its infancy has defied critics to become a well-respected store of value. Though there is still a lot of contention between governments not recognizing it as a currency, they have relented and agreed Bitcoin can be seen as a store of value.”
She concluded: “With the uncertainty still surrounding Brexit, we will continue to see erratic behaviour across the money markets and this will also include the value of the pound. In this case, I predict there will a flurry of activity in the gold and Bitcoin markets, driving both of these assets market prices upwards. In times of chaos and uncertainty, we think we do the most logical and rational things, but all we do is panic in the face of fear and this will cause the price of the pound to plummet.”
Read the full article here.
Our Co-Founder & COO, Sukhi Jutla, was recently invited to meet with Her Royal Highness Princess Beatrice at the royal residence St James Palace, where the Princess hosted the Good Growth Summit.
Designed to celebrate female entrepreneurs, the Good Growth Summit connects and inspires female leaders from across the US and UK technology ecosystem.
This exclusive invite-only event is designed to build connections and collaborations and to help female founders access the tools they need to start and scale their companies.
This year, the Summit was hosted by Her Royal Highness as she is a passionate advocate for helping to promote more women into technology and herself works for an artificial intelligence company in London.
The Princess expressed how she was personally inspired and encouraged by seeing so many female entrepreneurs driving the UK commerce forward. From her own business experiences, she expressed she didn’t underestimate the courage and conviction it takes to succeed and offered her support as we collectively work to create a more gender-balanced environment for innovation.
The event kicked up with a wonderful lunch reception followed by an afternoon of inspirational leaders sharing their top tips and personal journeys into the forays of tech.
Some of the guests had flown in from Silicon Valley and they shared their experiences in the hope of forging new relationships with our incredible UK talent pool.
The stories that we heard were all geared to inspire and fuel personal and business growth and it was wonderful to hear such inspiring stories.
Amongst the speakers were:
- Joanna Hoffman – who joined Apple as the 5th employee and worked with Steve Jobs
- Jennifer Rademaker – Executive Vice President – Mastercard
- Linda Avey – Co-Founder of genetics testing company 23 and Me
The event concluded with a sparkling champagne reception. We will share official photographs once they are released from the Palace!
Our Co-Founder & COO, Sukhi Jutla, was recently quoted in Alluva article ‘Cryptocurrency Myths and Misconceptions; Debunked! (Part 3)’.
She said: “[One] way in which we can utilise crypto and blockchain technology is in providing provenance of the products. We can now provide evidence of the products full journey from mine to factory to customer and we can also verify the authenticity of the metals in the product. This gives a greater degree of confidence for end consumers who are now becoming more aware of purchasing sustainably and ensuring they are not buying items that are contributing to malevolent practices such as child labour or slavery.”
Read the full article here.
Our Co-Founder and COO, Sukhi Jutla, has recently joined the Women in Fintech Global Initiative as a mentor.
Run by the Department for International Trade, the Women in FinTech Global Initiative:
- Brings together like-minded women working in the FinTech space, uniting those who want to bring their enterprises to the UK with those who already have.
- Connects female entrepreneurs with a supportive investment community that understands the challenges that women face.
- Provides valuable scaling guidance by working with accelerator programmes and business incubators to offer women support through their programmes.
Along with Sukhi, other women have become mentors:
- Sylvia Carrasco, CEO & Founder – Goldex
- Susanne Chishti, COE & Founder – FINTECH Circle & FINTECH Circle Institute, Co-Founder – The FINTECH Book Series
- Bindi Karia, Founder – Bindi Ventures
- Felicia Meyerowitz-Singh, Co-founder and CEO – Akoni Hub
- Lisa Moyle, Co-founder and Director of Strategy and Partnerships – VC Innovations
- Catherine Wines, Director & Co-Founder – WorldRemit
Get more information here.