4 Tunisian startups have been chosen to be part of the first cohort of the sandbox of the Central Bank of Tunisia, that is to say a test environment for their products. The chosen fintech companies are Kraoun, Instaclear, TLedger and Sqoin & Coinsence. The companies will test and validate their fintech solutions in order to have them approved. The duration of the trial period is 9 months.
During the testing period, candidates will provide solutions related to customer identification, cryptocurrency, cross-border clearing and digital core money creation through cutting-edge AI and blockchain-based technologies.
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A Regulatory Sandbox refers to a process that determines the development of the fintech industry in a structured way. Financial products and services are based on new technologies that can be tested in the sandbox without meeting all regulatory requirements. At the end of the testing period, all participants who meet the standards of the regulators’ test criteria can apply for authorization or approval.
This allows existing financial institutions and new entrants to experiment and innovate their financial services over a period of time.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer who has advised startups across Africa on issues such as startup funding (Venture Capital, Debt financing, private equity, angel investing etc), taxation, strategies, etc. He also has special focus on the protection of business or brands’ intellectual property rights ( such as trademark, patent or design) across Africa and other foreign jurisdictions.
He is well versed on issues of ESG (sustainability), media and entertainment law, corporate finance and governance.
He is also an award-winning writer
Tunisia sandbox