According to a report by cointelegraph.com on October 26,2020; Blockchain can help in the growth of small businesses.
Researches suggest that, more than 260 million small businesses are struggling to access commercial banking services and financial support. Nebil Ben Aissa, the CEO and founder of Nexxo, would like to offer commercial banking services to support under-serviced small businesses that are not big enough to secure finance from traditional banks.
The purpose of Nexxo is to deliver community-powered financial services that small businesses around the world can benefit from. This process is achieved by partnering with local and central banks in order to serve the sub-markets that traditional financial institutions are unable or unwilling to help.
Also, the group consists of the most vibrant economies brands across the world— including India, Qatar, the United Arab Emirates, Pakistan and Vietnam.