NEW YORK, Aug. 9, 2017 /PRNewswire/ -- LendIt, the world's largest show in lending and fintech, named Omega One the winner of its Lang Di Fintech PitchIt competition in Shanghai on July 16. Out of eight PitchIt finalists (and hundreds of applicants) at China's largest fintech conference, Omega One, an automated trade execution platform, was chosen as the winner for its innovation in the cryptocurrency markets.
In partnership with JadeValue, Shanghai's co-working and incubation space, Lang Di Fintech PitchIt is a leading global competition for fintech startups to earn mentorship, endorsement and exposure to institutions, investors and broad visibility. Omega One presented a 5-minute pitch demonstrating their company story, product and vision for the future of transparency.
"The judges were impressed with Omega One's solution that helps the entire cryptocurrency market," said Jason Jones, co-founder, LendIt. "Omega One opens the market to the next wave of capital from institutional investors by providing much needed transparency and liquidity. The Omega One team is young, smart and hungry and they are dialed in to a big opportunity."
"Winning the PitchIt competition is further evidence that the innovations happening in the crypto space are no longer considered a sideshow in the financial technology world. They are now moving into the spotlight. This is exciting not just for Omega One, but for other disruptors building products in the crypto ecosystem," said Alan Keegan, Chief Executive Officer, Omega One.
As the winner, Omega One received a RMB 1 million investment from JadeValue and co-working space for six months. The company also received two tickets to LendIt USA 2018 as well as round trip airfare and full accommodations for the duration of the conference. The LendIt team will also curate meetings with fintech companies and investors during Omega One's trip to the U.S.
Lang Di Fintech was held in Shanghai on July 15 – 16, 2017. More than two hundred speakers from five continents focused on the intersection of technology and financial services in Asia, specifically addressing artificial intelligence, machine learning, identity verification through biometrics, the blockchain's impact on capital markets, the emergence of insurtech, financial inclusion, financial wellness, wealth management for the mass affluent, innovation in real estate technology, applying alternative data to credit underwriting and decisioning, the emergence of digital banking, and fintech cooperation with banks.
LendIt is the world's largest show in lending and fintech. Our conferences bring together the leading fintech platforms, investors, and service providers in our industry for unparalleled educational, networking, and business development opportunities. LendIt hosts three conferences annually: our flagship conference LendIt USA as well as LendIt Europe in London and Lang Di Fintech in China. LendIt USA 2018 will be held in San Francisco from April 9 - 11. Learn more at www.lendit.com.
About Omega One
Despite massive growth in crypto markets, exchanges and other market intermediaries remain illiquid, fragmented, costly to trade on, and open to theft by hacking. Omega One solves these problems by providing traders, investors and institutions with a decentralized automated trade execution system that intelligently implements their trades across the world's crypto exchanges, shielding them from counterparty risk and reducing their costs of trading. By radically increasing the liquidity of crypto markets, we are laying the foundation for their maturation as an asset class and building the financial system of the future. For more information, please visit omega.one.