Billon Group

blockchainpayments

FOUNDING YEAR: 2015
LOCATION: United Kingdom
Last Update: 01/05/2020

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About

Billon Group created a breakthrough DLT white-label payments system for helping corporates, merchants and individuals to settle both information and everyday (not crypto) currencies instantly and on mobile devices. Traditional technologies have made it impossible for Banks to exploit many opportunities profitably, but our solutions cut costs by 90%, enabling the ability to exploit opportunities in the $2.3 trillion alternative payments market, remittance, micropayments, financial inclusion, and IoT. The platform integrates with existing banking systems and is regulatory-compliant.

Focus

PRODUCTS & SERVICES

- White-label technology license (for financial institutions) - eContent Monetization: enabling low-cost, instant settlement micropayments - even for unbanked - Corporate mass payouts: replacing pre-paid cards in trade marketing, loyalty and other payouts

REVENUE MODEL

White-label: SaaS and variable volume fees / revenue share. Direct clients: variable volume fees

MAIN CLIENTS

Businesses

PRIMARY PROBLEM SOLVED

eConent Monetisation: allowing content producers to better monetize by enabling real-currency micropayments at low cost with instant settlement. Users can pay without having a bank account and do not need to break their immersion (e.g. during a live stream) thanks to the one-click payment

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

Traction

REVENUE

$100k - $499k

ACTIVE USERS COMMENT:

eConent monetization product is live but is not yet at scale.

People

FOUNDERS

Andrzej Horoszczak

Robert Kaluza

NUMBER OF EMPLOYEES

51-200

INVESTORS:

EASME - EU Executive Agency for SMEs

Go Beyond Investing

Horizon 2020

National Center for Research and Development

Pankaj Agarwal

KEY EMPLOYEES:

David Putts

Jacek Figula

Tadeusz Kuropatwinski

Michal Pakula

COMMENT:

The founders have deep experience in both tech,banking. Andrzej Horoszczk, CEO - 30 years in tech. He specialised in cryptography at undergrad,then became a programmer on Wall Street. Andrzej successfully exited an online publishing business to found Billon in 2012. MBA from Wharton David Putts, Chairman,MD Expansion - 30 years in banking. He started his career in McKinsey's FS practice before founding,then exiting Poland's first internet bank (Inteligo) . David has been the CEO / MD of three banks. MBA from Duke Robert Kaluza, COO,Finance Director - 20 years in business,tech at McKinsey, Mars,Orange

Momentum

FUNDED

YES

TOTAL FUNDING

$9.02 M

DATE OF LAST FUNDING

Jun 2018

SEED & PRIOR FUNDING

$6.96 M

SEED CLOSED ON

Dec 2015

FUNDING SERIES

SERIES A  · ---  · Nov 2017

OTHERS  · $2.06 M · Jan 2017

PRIZE MONEY

$7.49 M

LISTED

NO

For Investors

FUNDING NEEDED:

$12 M

USES OF FUNDS RAISED:

1. Client acquisition

2. New market entry (US + EMs)

3. Acceleration

EXIT STRATEGY

Acquisition from tech provider / payments processor / card network

MONTHS LEFT WITH CURRENT CASH BURN RATE:

9 months from 31 Oct, 2017

COMPETITORS:

Sodexo

Innovation Programs

BASICS

FOUNDING YEAR:

2015

LOCATION:

United Kingdom

Views:

143 VISITORS | 252 VIEWS
LATEST FUNDING ROUND

$9.02 M

TOTAL EMPLOYEES
51-200

About

Billon Group created a breakthrough DLT white-label payments system for helping corporates, merchants and individuals to settle both information and everyday (not crypto) currencies instantly and on mobile devices. Traditional technologies have made it impossible for Banks to exploit many opportunities profitably, but our solutions cut costs by 90%, enabling the ability to exploit opportunities in the $2.3 trillion alternative payments market, remittance, micropayments, financial inclusion, and IoT. The platform integrates with existing banking systems and is regulatory-compliant.

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Focus+
Momentum+
Traction+
People+
For Investors+
Other+

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Billon Group

About

Billon Group created a breakthrough DLT white-label payments system for helping corporates, merchants and individuals to settle both information and everyday (not crypto) currencies instantly and on mobile devices. Traditional technologies have made it impossible for Banks to exploit many opportunities profitably, but our solutions cut costs by 90%, enabling the ability to exploit opportunities in the $2.3 trillion alternative payments market, remittance, micropayments, financial inclusion, and IoT. The platform integrates with existing banking systems and is regulatory-compliant.

Focus

PRODUCTS & SERVICES

- White-label technology license (for financial institutions) - eContent Monetization: enabling low-cost, instant settlement micropayments - even for unbanked - Corporate mass payouts: replacing pre-paid cards in trade marketing, loyalty and other payouts

REVENUE MODEL

White-label: SaaS and variable volume fees / revenue share. Direct clients: variable volume fees

TOP PROBLEM SOLVED

eConent Monetisation: allowing content producers to better monetize by enabling real-currency micropayments at low cost with instant settlement. Users can pay without having a bank account and do not need to break their immersion (e.g. during a live stream) thanks to the one-click payment

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

PRODUCT DEVELOPMENT COMMENT

Product is live but has yet to reach scale

KEY DIFFERENTIATORS

Lowest cost method with best user experience that doesn't even require users to have a bank account.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Retailers

Enterprise - Others

Small and Medium Business - Physical Retail

Small and Medium Business - Online Retail

PRODUCT ATTRIBUTES

SaaS

White label

People

FOUNDERS

Andrzej Horoszczak

Robert Kaluza

NUMBER OF EMPLOYEES

51-200

KEY EMPLOYEES:

CEO, FOUNDER: Andrzej Horoszczak

CTO: Andrzej Horoszczak

Chairman and MD Expansion: David Putts

CCO: Jacek Figula

MD Digital Payments: Tadeusz Kuropatwinski

MD Infrastructure: Michal Pakula

FOUNDER: Robert Kaluza

TEAM COMMENT:

The founders have deep experience in both tech,banking. Andrzej Horoszczk, CEO - 30 years in tech. He specialised in cryptography at undergrad,then became a programmer on Wall Street. Andrzej successfully exited an online publishing business to found Billon in 2012. MBA from Wharton David Putts, Chairman,MD Expansion - 30 years in banking. He started his career in McKinsey's FS practice before founding,then exiting Poland's first internet bank (Inteligo) . David has been the CEO / MD of three banks. MBA from Duke Robert Kaluza, COO,Finance Director - 20 years in business,tech at McKinsey, Mars,Orange

INVESTORS:

EASME - EU Executive Agency for SMEs

Go Beyond Investing

Horizon 2020

National Center for Research and Development

Pankaj Agarwal

Momentum

FUNDED

NO

TOTAL FUNDING:

$1.2 M

LISTED

NO

FUNDING SERIES
Seed Nov 2017 --- USD1.2 M at a USD50 Mvaluation Comment on Seed Mostly existing investors. Our $7m of funding to date has been from angels, founders, grants and micro-VCs

Comment on Valuation

Series A (launching in Q1 2018)