Mountex is a platform that facilitates B2B transactions within a regional network using a local currency, enabling businesses to buy and sell goods/services without depleting their Euro reserves. By keeping revenue within the network, Mountex aims to stimulate the local economy of South Tyrol.
Funding
Funding not disclosed
Founders
Product
Problem
Businesses in South Tyrol face challenges in retaining revenue within the local economy, often relying on the Euro which can lead to capital outflow. This can hinder regional economic growth and limit opportunities for local businesses to thrive.
Solution
Mountex provides a platform that facilitates B2B and B2C transactions within South Tyrol using a local digital currency, MTx, pegged to the Euro at a 1:1 ratio. This system enables businesses and individuals to buy and sell goods and services while keeping capital circulating within the regional network. Mountex offers business and private accounts, welfare program integration, and MTx vouchers to promote the use of the local currency. The platform aims to strengthen the regional community, promote sustainability, and provide access to financing options, fostering a more resilient and interconnected local economy.
Target Audience
Mountex targets businesses of all sizes and sectors within South Tyrol, as well as private individuals seeking to support the local economy and benefit from exclusive offers and cashback programs.
Features
- Business and private accounts for managing MTx transactions
- Mobile app for secure payments, transfers, and account management
- QR code functionality for easy in-person payments at participating businesses
- Online portal for transaction history and account statement generation
- MTx vouchers for gifting or loading MTx credit, redeemable even without an account
- Integration with welfare programs for employee benefits and fringe benefits
- Directory of partner businesses accepting MTx
- Networking events to connect businesses within the Mountex ecosystem