Startup Of The Week

Startup Of The Week: Enigio

Trade finance, the financial instruments and products that are used by companies to facilitate international trade and commerce generates an estimated 28 billion pieces of paper globally every year.  Enigio, a World Economic Forum Tech Pioneer, is out to change that by providing freely transferable digital documents that are legally compliant in applications such as bills of of lading, promissory notes, bank guarantees and warehouse receipts. The Swedish scale-up uses blockchain and cryptographic key pairs to ensure the consistency, integrity and traceability of the digital data and protect it from manipulation. Clients include Lloyds Bank and Mercore, a global trade focused fintech group, as well as corporates and logistics providers.

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About the author

Jennifer L. Schenker

Jennifer L. Schenker, an award-winning journalist, has been covering the global tech industry from Europe since 1985, working full-time, at various points in her career for the Wall Street Journal Europe, Time Magazine, International Herald Tribune, Red Herring and BusinessWeek. She is currently the editor-in-chief of The Innovator, an English-language global publication about the digital transformation of business. Jennifer was voted one of the 50 most inspiring women in technology in Europe in 2015 and 2016 and was named by Forbes Magazine in 2018 as one of the 30 women leaders disrupting tech in France. She has been a World Economic Forum Tech Pioneers judge for 20 years. She lives in Paris and has dual U.S. and French citizenship.