Moflix Group Closes $3.1 Million Seed Round

Moflix empowers telecom operators globally through digital technologies. The Swiss-Finnish company enables Telco’s to offer the next generation of digital services with features that include management of Web3 assets through a digital wallet and trusted digital identity credentials. THA’s financial commitment and engineering expertise will enable Moflix to explore ways of incorporating Hedera’s technology into its offering, empowering telcos to offer infrastructure, platforms, applications, and user experiences for a Web3-enabled world.

Hedera has been specifically designed to meet the needs of enterprise and Web3 applications, which require enterprise-grade performance, security, stability, and transparent governance, all on a low-carbon footprint public network with low predictable fees. Hedera’s robust ecosystem is built by a global community, on a network governed by the Hedera Governing Council - a group of industry-leading organizations that are diversified by industry, geography, and term limits.

Kamal Youssefi, President of The Hashgraph Association, commented: “Providing this funding to Moflix Group will catalyze new and innovative ways to accelerate the advancement of Web3 services. Moflix’s position as tech enablers for the telco industry places it at a unique and powerful position where it can have significant influence on the speed of the Web3 rollout we envision within the coming five to 10 years. We’re confident that by supporting Moflix, we’ll help it accomplish its overarching mission and build the pathway from Web2 to Web3.”

Since entering the market in 2019, Moflix has built a strong track record in empowering Telco operators to launch a fully digital mobile service in under 100 days with a world-class eSIM onboarding experience. In this short time, Moflix has quickly gained industry and expert analyst recognition for its award-winning TelcoTech platform and for delivering on multiple innovative industry firsts in record time.

Marc Degen, Co-Founder and Executive Chairman at Moflix, said: “We are thrilled to have a strategic partner who shares our vision of the indispensable role that telecommunications will play in achieving mass adoption of Web3 technology. The commitment of The Hashgraph Association, together with the support of our existing and new shareholders, allows us to accelerate our mission and continue to build upon the success of our Moflix TelcoTech Platform.”

The Moflix Group is based in Wollerau (SZ). The operational team works out of Tampere, Finland. Customers in Switzerland include Sunrise. The telco launched its 100% app-based mobile subscription yallo swype in 100 days using Moflix’s white-label platform for digital services to cater to digital natives who prefer to access services digitally via mobile.

(Press release / SK)