SUBX is to be acquired by the Lisbon Blockchain Firm
Singapore, Singapore–(Newsfile Corp. – March 16, 2023) – Businessplug, a blockchain consulting firm, has agreed to acquire SUBX, a Singapore-based startup that allows businesses to build blockchain applications without code. This move will enable BusinessPlug to expand its services and offer a complete package of solutions to its customers.
Pedro Cerdeira, CEO of Businessplug, and Adam Ihsan, CEO of SUBX, share a moment of inspiration at Web Summit Lisbon 2022
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SUBX allows businesses to deploy decentralized blockchain applications (dApps) using their build platform. The startup has a strong reputation in the industry for its user-friendly platform and innovative approach to dApp development. Companies can build blockchain applications significantly faster using provided templates and tools without code. By 2022, SUBX worked with over 50+ companies to deploy dApps and was featured on both Chaindebrief and Vulcanpost.
Businessplug is a blockchain consultancy based in Lisbon, Portugal. With a focus on helping businesses navigate the complex world of blockchain, Businessplug offers a range of services, including strategy and consulting, development and deployment. “The acquisition of SUBX is in line with Businessplug’s ambitions to be the leading full-stack blockchain consultancy in Portugal,” said Pedro Cerdeira, CEO of Businessplug.
“Joining Businessplug is a natural next step for SUBX,” said Adam Ihsan, CEO of SUBX. “We are passionate about making blockchain accessible and giving businesses the tools they need to succeed. We can offer a truly comprehensive solution for our customers by combining our strengths.”
Joe Kawai, COO of SUBX, had this to say about the deal: “I’m thrilled to be working with Businessplug, a company that shares our vision of making blockchain technology available to businesses of all sizes.”
As mentioned during an email exchange, Adam confirmed that he would continue to serve as an advisor to SUBX while he starts a new web3 startup with Joe. Their latest venture, Uniramp, is a fiat token ramping platform that enables users to buy and sell crypto tokens via a variety of payment methods.
The terms of the agreement were not fully disclosed, and the transaction is expected to close during the first quarter of 2023, subject to customary conditions.
About
SUBX is a code-free platform that allows businesses to deploy decentralized applications on the blockchain. It is based in Singapore and was founded by Adam Ihsan and Joe Kawai. Learn more at https://subx.io.
Businessplug is a blockchain consultancy based in Lisbon, Portugal. They deliver next-generation web3 business transformation services to businesses globally. Learn more at https://businessplug.com.
Uniramp is a fiat token ramping platform that enables users to buy and sell crypto tokens via a variety of payment methods. It is a new venture founded by Adam Ihsan and Joe Kawai. Learn more at https://uniramp.com.
Investor and media contact
Contact: Adam Ihsan
Email: [email protected]
Website: https://subx.io
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