nBanks will participate as a Beta company at Web Summit 2019

Expectations for the next edition are high, as nBanks will participate at a more advanced level and with more ambitious goals.

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In 2018, nBanks was present at Web Summit with the aim of gaining a first perception of the market and gathering feedback on the business model presented.

Shortly after the event began, it was clear that the concept was well received and perceived, as we welcomed a significant number of people who genuinely wanted to hear more about the nBanks brand and value proposition. It was a very intense day, where we managed to prioritize networking with event participants, with a view to finding and developing future partnerships.

Web Summit proved to be a very positive event, as it was the first time nBanks participated in it, and from it, we gained extremely interesting experiences, as well as essential feedback for the company's improvement.

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Within the wide range of companies applying to be present at Web Summit, the organization classifies them into 3 categories: Alpha, Beta, and Start.

Alpha companies are typically in the pre-investment phase, meaning companies that have less than one million dollars in investments and, as such, are still focused on developing their concept and business model.

The Beta category implies that the company has been successful in its launch and has started to receive initial market indicators.

A company with a Start profile reflects a considerable growth rate and contemplates the global expansion of the brand. They usually present businesses with more than 3 million dollars in investment funds.

This classification ensures that only the best companies in each category are present at the event.

During the preparation for the next edition of Web Summit, in November 2019, nBanks had the opportunity to be re-evaluated by the members of the team responsible for selecting companies for the event.

And so, due to the evolution noted since the last edition, the innovation of its services, and the differentiating value proposition already underway with the launch of the platform, they gave us the excellent news resulting from the aforementioned re-evaluation: in November of this year, nBanks will already have the status of a Beta company.

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nBanks thus manages to prove a promising evolution compared to the previous year.

Expectations for the next edition are high, as nBanks will participate at a more advanced level and with more ambitious goals. We thus see a concept consolidated that will be presented as a concrete value proposition to all companies and individuals who can benefit from this new model of banking relationship.