Israeli based company Malca-Amit, which provides logistic services to the international diamond, gem and jewelry industry and trade, has invested in FinTech startup Mazalit Partners, which offers digital payment solutions for the industry.
According to Malca-Amit, it has taken a “lead investment” in the venture, which was founded and headed by veteran diamantaire Zeev Maimon. Mazalit “has developed a b2b blockchain-based payment platform that will gradually bring solutions like instant mobile payment, escrow services, billing and credit services to the global diamond, gem and jewelry industry and trade”, as per a press release.
Malca-Amit’s CEO Amit Eytan said Malca-Amit “is proud to be the industry’s first dedicated logistics service provider to embrace smart digital payment solutions and offer them to their customers around the globe”.
