North American giant buys technology from Braga – Technologies

Founded in Braga in 2011 by three students from the University of Minho, Scytale was dedicated to developing bespoke digital products, primarily for export.

With a "vast experience" at fintech, particularly in the UK market, Uphold's interest has been drawn to the fact that she has now decided to acquire this digital agency, which employs about twenty specialists in the construction of digital products evolutionary.

With this acquisition, Uphold strengthens its engineering team based in Braga.

"This is a big challenge for our team," said Nuno Ferreira, former CEO of Scytale, and said, "We have long felt that we need to strengthen our consulting work." Now head of Uphold's engineering department , in a company statement, without specifying the terms of the contract.

About the integration of Scytale into the ecosystem of Uphold, Tiago Ribeiro, co-director of the American giant's technology, ensures that the goal is to "make perfect financial dealings , easy and accessible for customers, with the support of the Scytale team, essential to achieving these goals, thanks to solutions that already work. "

With an open digital cash platform operating in more than 184 markets, Uphold will now offer the former Scytale team the opportunity to implement its solutions to "be part of the story. ", says Nuno Ferreira.

Uphold, with offices in San Francisco, New York, Portugal, London and Mexico City, is a "company that creates an open, reliable and transparent digital payment platform that allows users to access quickly and safely to traditional crypto-coin currencies and other investments in one place. "

A platform that, thanks to Uphold, "has already authorized more than $ 4 billion in transactions in 184 countries in more than 30 supported currencies," providing "access to a wide range of currencies and securities. investments available in one place, with transparency and security, and the only company to publish the volume of reserves in real time ".

Uphold, now with Scytale, is part of the Startup Braga ecosystem, an innovation hub with more than 130 startups.