Overview

LongFin Corp

Information by Research TrustFinance

LongFin Corp. was launched in 2017 by CEO Venkata Meenavalli. The company described itself as a FinTech firm specializing in trade finance and physical commodity finance solutions, powered by artificial intelligence and machine learning. It went public via a Regulation A+ offering in December 2017. Shortly after, LongFin announced the acquisition of a purported cryptocurrency business, Ziddu.com, causing its stock price to skyrocket over 2,600% amidst the cryptocurrency bubble. However, the company's operations were later revealed to be fraudulent, leading to regulatory intervention, its delisting from NASDAQ, and eventual shutdown.

Founded in
United States

United States


Industry

    Financial

  • FundraisingPRIMARY
  • Other Service