Were you trying to prevent this in any way? How were your contacts with the Dutch government officials? Were you surprised?Īmbassador Tan: The rumor has been there for some time, we take this very seriously. And if implemented, they will have a negative impact or they will negatively affect our economic cooperation and relations.įD: C an you tell us a little bit about your contacts with the Dutch government around this issue, you say in January, the media reported that export restrictions were coming.
We are firmly opposed to such kind of acts. We see such practices introduced by the US and his allies violate international trade rules, the market principles, and they undermine the stability of the global industrial and supply chains, the global growth or the global recovery. I think for China our position has been clear. The picture has got clearer. Now that on the 8th of March, we saw the letter from the Minister of Trade and Development Cooperation to the parliament, informing that the Dutch Ministry of Foreign Affairs is to introduce export control framework of lithography. What is your assessment of what this announcement means for the exports in China?Īmbassador Tan: On the 27th of January, media reported that Japan, the Netherlands and the US had reached the framework agreement on the export control of semiconductors or lithography. China is not explicitly mentioned in that letter, but we all assume that it's about China. Last week the Dutch government published th e letter saying that they want to subject the export of the chip technology to licenses. The transcript of the interview is as follows:įD: W e begin with the most important issue in the Dutch Chinese relationships at the moment - the technology export restrictions. On 15 March 2023, Ambassador Tan Jian was interviewed by FD on the topics covering Dutch government’s recent export restrictions, intellectual property right protection, Sino-Dutch relations, Ukraine crisis etc. Keep up with all the latest FinTech news here.Transcription of Ambassador Tan Jian ’ s Interview with Financieele Dagblad We look forward to deeply supporting the Paytrix team as they build out their payments curation service to deliver on that compelling vision.”Įarlier this year, Open Payments, a Swedish FinTech company, collected €3m in a growth funding round led by Industrifonden, Sweden’s venture capital fund. Not only does the team have a strong track record, they have a powerful vision for the future of global payments. Lars Albright, general partner at Unusual Ventures, added, “Paytrix has assembled a world-class team with deep expertise in payments, fintech and financial services. “Businesses have no option but to stitch together a costly and complex patchwork of service providers and this is the pain point that Paytrix is stepping in to solve.” Bain Capital Ventures participated in an earlier funding round in May 2022 with Fin Capital, Better Tomorrow Ventures, Hambro Perks, ClockTower Ventures, The Fintech Fund, D4 Ventures and a number of notable angel investors all also participating in both rounds.Īran Brown, CEO and co-founder of Paytrix, said, “High-potential companies struggle to cope with large volumes of international payments and there is a huge gap in the market - at one end you have inefficient local solutions at the other, you have the tier-one global providers, inaccessible to all but the world’s biggest businesses.
#M letter chain series
Unusual Ventures, Motive Partners and Bain Capital Ventures co-led the Series A investment. In contrast, existing international payments solutions typically require businesses to source, negotiate and maintain a minimum of 10 to 15 partners, contracts and APIs. The infrastructure is designed to reduce the inefficiency, cost and complexity of international payments. Through one platform, one contract and one API, Paytrix’ payments curation solution provides access to the “best payments ecosystem around the world.”
Paytrix, a London-based FinTech building a payments ecosystem to help businesses grow, has raised $18.3m in Series A funding to drive product development and international expansion.
0 kommentar(er)
