BanQu’s “Dignity Through Identity” slogan is a reference to their “mission to connect refugees, the displaced, and the world’s poorest to the global economy through a secure, portable digital identity that maintains transaction history through a proprietary blockchain-based platform.”
By using blockchain as a foundational basis of record for health, education, property ownership — BanQu is providing transparency for paying corporate customers seeking supply chain transparency from their sources.
The idea was birthed to cofounder and CEO Ashish Gadnis who sought to create an “economic passport” for the large amounts of un/underbanked around the world.
BanQu is distinctly a for profit company with a strong social purpose that was formed in 2016. Prior to this new equity round in pursuit, the venture is known to have previously raised ~1o0k in external capital.