Cashcloud

paymentsmobile/digital walletproximity mobile payments

FOUNDING YEAR: 2012
LOCATION: Luxembourg
Last Update: 17/07/2020

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive WhatsApp community where you can engage in discussions with global industry experts!

About

Cashcloud has developed a unique mobile Wallet application. The mobile Wallet app was first launched in 2012 as a beta version and in October as a full version. In April 2015 the Wallet app got a complete new design and interface. The app allows safe and fast online payments, offline payments via NFC technology, real-time money transfer from person to person, coupons received directly in the app, the ability to earn money via a virtual currency, a parental sub-account for cost control and much more. The strategic alliance with PPRO Financial Limited, Principal Member of MasterCard rounds off the offering with a prepaid MasterCard and an NFC sticker. Cashcloud operates an open, neutral and integrated platform that is totally independent of banks, mobile network operators, and device manufacturers and works smoothly on IOS and Android operating systems. The cashcloud all-in-one mobile wallet solution sets innovative standards and has already received numerous international awards including the BankingCheck Award, the FinTech Innovation Award, and the Banking IT-Innovation Award.

MEDICI Analysis

Cashcloud offers a mobile wallet solution that links to credit and debit accounts usable to send money and pay at retail and online shops. Users can access cashcredits, a virtual currency, every time they pay for services using their Cashcloud wallets. Advertisers and partners can access the wallet to deliver coupons and vouchers to account holders.

company provided insights

Focus

People

FOUNDERS

Olaf Taupitz

Sven Donhuysen

NUMBER OF EMPLOYEES

11-50

Momentum

FUNDED

YES

TOTAL FUNDING

$3.32 M

DATE OF LAST FUNDING

Dec 2014

FUNDING SERIES

SERIES B  · ---  · Jul 2013

SERIES C  · $3.32 M  · Dec 2014

LISTED

NO

Join the exclusive global FinTech community

Be a part of the global FinTech community on WhatsApp