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Gibraltar-Based Ribbon Plc Eyes Ops In GIFT City
Ashesh Jani, Co-founder of Ribbon App that offers multi-currency accounts and wallets for 32 currencies, recently flew into London to meet K Rajaraman, chairperson of the International Financial Services Centres Authority (IFSCA) and Dipesh Shah, Head of Development of Financial Market & International Affairs. The IFSCA is located at the Gujarat International Finance Tec-City (GIFT City) in Gandhinagar. The meeting facilitated by the Indian High Commissioner Vikram Doraiswami was to explore the possibility of Jani setting up operations in the GIFT City. Ribbon, whose tagline is: ‘Account Before You Fly’, offers a range of services that is tailored for Indian students and professionals relocating to the UK.  Seeing the huge potential in the domestic market, Jani is keen to set up an Indian office to do domestic business. Ribbon offers multi currency accounts and wallets with an embedded payments marketplace, and access to deposits, FX, Crypto and equity trading platforms.  Its AI-powered app is designed to offer a hyper-personalised experience to its users. What probably attracts Ribbon to invest in India is the competitive tax environment that GIFT City offers.
Ashesh jani
Gibraltar-Based Ashesh Jani Launches Multi-Currency App Targeting Indian Diaspora
Ashesh Jani, Co-founder & CEO of the Gibraltar-based Ribbon Plc, is on Cloud Nine. Naturally. His venture has got the green signal from the UK Financial authorities to launch Ribbon App in the UK market. It was launched in Gibraltar first. The App is tailored for students and professionals relocating to the UK. Ribbon offers multi-currency accounts and wallets for 32 currencies. Jani had chosen Gibraltar which is widely recognized as the “Gateway to the UK” in financial services, but its global business advantages extend well beyond the UK. In particular, Indian businesses seeking to enter the UK market (or elsewhere) find Gibraltar an ideal location for establishing a holding company or trust structure. Ribbon’s AI-powered technology is designed to offer a hyper-personalised experience to its users. The financial services super-app is loaded with features including multi-currency accounts, an embedded payments marketplace, and access to deposits, FX, Crypto & Equity trading platforms. Jani has picked his former ICICI Bank colleague in London, Manish Vaid to head marketing operations. Before becoming an entrepreneur, Jani worked at ICICI Bank as the Head of Overseas Markets & Alternate Channels –Retail, SME, and Private Banking — in the UK and Europe. After completing his MMS in Marketing & Finance from the University of Mumbai started his professional career with Vodafone and then moved to Tata Internet Services.
Ashesh jani
Former London-Based Banker Launches ‘Super App’ To Help Indian Diaspora
[the_ad id=”14101″] For somebody who was heading the Retail, SME & Private Banking divisions for the UK and Europe of ICICI Bank to call it quits at the peak of his career and start his own venture requires both conviction and guts. Ashesh Jani seems to have both. In 2021, 50-year old Ashesh co-founded Ribbon PLC, a digital financial services ‘super-app’, intended to offer hyper-personalized multi-currency wallets to NRIs as well as residents of India. Further, the super app also aims to assist Indians who are keen to invest in the global markets. The target clearly is the Indian diaspora. With that in mind, Jani and company have bagged the official sponsor rights for the Gibraltar Cricket team that will play matches in the European League. In his over two decades’ stint overseas that includes both Canada and the UK, he was exposed to all the challenges of financial markets and that’s what made him launch Ribbon. His notable achievements during his time at ICICI UK Plc was becoming a certified staff for the FCA Register. Ashesh’s expertise lies in the multiple top management roles he played in different countries. While in India he worked briefly with Vodafone and Tata Internet Services helping them build their sales and distribution channels. Beyond his professional pursuit, Ashesh is an advocate for sustainability and a promoter of financial literacy among the youth. Powered by: IDFC First Bank

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Editor’s Note: Short Post Is Here To Stay…

Time, they say, flies—and how true that is. Here we are celebrating our 5th Anniversary. Five years ago, when Covid-19 was wreaking havoc across the globe, I took a leap of faith and launched Short Post, India’s first website for Authentic Gossip. That was on January 31, 2021. I was convinced there was a clear gap in the market for gossip that was credible, sharp, and impactful—especially if told in just 250 words.

In this, I was fortunate. Scores of senior editors across diverse verticals bought into the idea and, in the process, gave wings to my dream. Quite honestly, Short Post could not have crossed these milestones without the unflinching support of its contributing editors. Like all start-ups, we have seen our share of ups and downs, but these editors have stood by us like a rock. I take this opportunity to doff my hat to them.

Thanks to their commitment, we have published close to 5,000 stories spanning politics, business, entertainment, and sports. I say this with pride: we made our mark as people who matter read us. “Small packs, big impact” truly captures the essence of Short Post.

We all know that Covid-19 has reset businesses worldwide, and the media sector is no exception. In the post-Covid era, investors have become more cautious and selective—and advertisers too. To compound matters, the entry of AI has disrupted the media landscape in equal measure. So far, we have managed to hold our ground, hopeful that some angel investors will take a shine to us.

What gives me confidence is this: AI cannot smell news—especially the gossipy kind. In other words, AI cannot churn out Short Post-type stories, no matter the prompt. That puts us in a safe zone. As someone rightly said, “AI is a co-pilot, not a pilot.”