With the Tezos launch nearing, more and more startups are bobbing to the surface with news about how they intend to leverage the power of Tezos smart contracts to create new and exciting decentralized applications on the Tezos network. We recently highlighted MoneyTrack, a company working in financial services to provide direct money solutions for insurance and retailers. This article will introduce another startup called Kalhatti.
What is Kalhatti?
Kalhatti is a micro-investment platform which allows users to purchase a small portion of a business or commodity across borders with no transaction fees or limitations. The idea was conceived by co-founder Sabita Furtado, who recently spoke to the Tezos Commons Foundation about the project and what drove her into the crypto space.
According to Furtado, “Kalhatti’s vision is to enable cross-border fractional investment for any type of asset that can be bought by anyone anywhere in the world for as little as a dollar, a rupee, or a yuan.” This could be certain asset classes or even individual brand names that a consumer favorites. The plan is ambitious, to be sure, especially considering how cross-border regulation of such transactions can be challenging with different governments and cultures around the globe, but the vision is coming to reality and challenges are being overcome by the Kalhatti team.
“Kalhatti cares about your financial freedom, and we care about protecting your investments” – Kalhatti.com
All of this will be built on the Tezos blockchain. “Tezos is the ideal fit,” said Furtado. She cited the on-chain governance mechanism and the focus on security as well as cutting-edge verified smart contracts as the reasons why Tezos stood apart as the platform of choice.
The goal is to make cross-border investment possible for everyone, especially developing countries where technology hurdles can create impassable barriers and limit financial mobility. Furtado was driven by watching her mother fight these circumstances in India which, as she says, “was a cumbersome and tedious process.” The paperwork and income requirements often make the entry-fee too high for many individuals. By enabling these small investments, it could add billions of dollars to the world economy and let more people worldwide have some skin in the game.
You can read the full interview with Furtado here for more in-depth about her background and the future of women in crypto.