Grow VC Group at World Funding Summit in Los Angeles

Grow VC Group and two of the group companies, Crowd Valley and Prifina, participated in World Funding Summit in Los Angeles. The two-day event included many fintech business and thought leaders in its keynotes and panels. Grow VC Group Co-founder and Chairman Jouko Ahvenainen talked especially about needs and solutions to develop ecosystem for alternative finance solutions, including online finance platforms, ICOs and blockchain based solutions.

Crowd Valley offers a cloud based finance back office as a service. It enables anyone to implement easily online and mobile regulatory compliant finance services, including blockchain based solutions. Its back office offer solutions for all necessary functions like e-KYC, AML, payments, investing and lending models, secondary market and AI. 

Prifina offers a fundamentally new model for finance data; consumers can control and use their own data in finance services. Prifina's solution is based on blockchain type functionality to manage data access and transactions, distributed cloud based data nodes, open APIs and high security encrypted data models.

ICOs and blockchains were the hottest topics in this year event. We see many new ICOs every day globally. At the same the market is still in an early phase, and many ecosystem components are missing. ​FinTech, now also with distributed technology, is changing the finance industry. But in order to have a real impact, it requires systematic development, getting different services to work together and offer reliable finance instruments. 

Photo: Crowd Valley's Markus Lampinen (left) and Ron Buschur (right) and Jouko Ahvenainen (middle).

Photo: Jouko Ahvenainen introduces Prifina's models to manage finance data.

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Photo: A panel about global perspective to new finance models.

Photo: Los Angeles downtown.