Cashcodes

paymentsp2p payments

FOUNDING YEAR: 2016
LOCATION: Ireland
Last Update: 01/05/2020

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About

Cashcodes® allows users to send each other real CASH, nationally and internationally! No bank accounts are required, just order your CashCodes® using our online application and send it securely to other CashCodes® users who can use it TO WITHDRAW CASH AT ATM MACHINES!

Focus

PRODUCTS & SERVICES

- An easy way to send and receive International Cash payments. - Utilises recent advances in ATM technology. - Creates a totally new multi billion dollar P2P cash market sector - White label version available to all P2P payment providers - 100% Risk Free for Banks - Utilises both 'emergency cash' and 'cardless cash' payment protocols.

REVENUE MODEL

We supply CashCodes® and also a secure white label app to existing third party payment providers in return for a small commission on transactions.

PRIMARY PROBLEM SOLVED

Send and receive Cash internationally - without using a bank account. Send and receive Cash internationally - quickly, safely and securely. Send and receive Cash internationally - Using participating ATM machines.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

company provided insights

People

NUMBER OF EMPLOYEES

1-10

COMMENT:

Our team is led by a seasoned entrepreneur, innovator,investor with a proven 25 year track record in bringing new products to market internationally. We move very fast, are cost conscious,take a very pragmatic approach in achieving our goals. Our vision is to create the words first ever international P2P ATM cash payment platform,with minimal assistance we believe we can achieve this goal on time,on budget.

Momentum

FUNDED

NO

LISTED

NO

For Investors

FUNDING NEEDED:

€5 M

USES OF FUNDS RAISED:

1. Building the final version of secure application

2. Increasing the overall size of the participating ATM network

3. Providing customer support and technical support

4. Purchasing a float of working bank ATM codes for resale to third party payment providers

5. Recruiting a team of industry professionals with the drive, ability and enthusiasm to create an international branded business

6. International sales and marketing of the CashCodes® branded ATM cash payment platform

EXIT STRATEGY

Exit for a minimum of $1 billion by 2022. Our commercials (available on request) clearly show this valuation is very easily achievable once we have out the right framework in place.

MONTHS LEFT WITH CURRENT CASH BURN RATE:

6 months from 24 Apr, 2017

COMPETITORS:

None of these allow for cash withdrawals...

BASICS

FOUNDING YEAR:

2016

LOCATION:

Ireland

Views:

398 VISITORS | 773 VIEWS

About

Cashcodes® allows users to send each other real CASH, nationally and internationally! No bank accounts are required, just order your CashCodes® using our online application and send it securely to other CashCodes® users who can use it TO WITHDRAW CASH AT ATM MACHINES!

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

Focus+
Momentum+
People+
For Investors+
Other+

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Cashcodes

About

Cashcodes® allows users to send each other real CASH, nationally and internationally! No bank accounts are required, just order your CashCodes® using our online application and send it securely to other CashCodes® users who can use it TO WITHDRAW CASH AT ATM MACHINES!

Focus

PRODUCTS & SERVICES

- An easy way to send and receive International Cash payments. - Utilises recent advances in ATM technology. - Creates a totally new multi billion dollar P2P cash market sector - White label version available to all P2P payment providers - 100% Risk Free for Banks - Utilises both 'emergency cash' and 'cardless cash' payment protocols.

REVENUE MODEL

We supply CashCodes® and also a secure white label app to existing third party payment providers in return for a small commission on transactions.

TOP PROBLEM SOLVED

Send and receive Cash internationally - without using a bank account. Send and receive Cash internationally - quickly, safely and securely. Send and receive Cash internationally - Using participating ATM machines.

PRODUCT DEVELOPMENT STAGE

PROTOTYPE

PRODUCT DEVELOPMENT COMMENT

CashCodes® is unique. We have created an entirely new sector in financial technology that allows users to access real cash via existing ATM networks.

KEY DIFFERENTIATORS

- No bank accounts required - Send Cash nationally or internationally - Access Cash quickly and easily via ATM machines. - Rolling out in initially in UK, USA, India and China - Global presence planned for 2020.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Others

Consumer

PRODUCT ATTRIBUTES

White label

People

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

CEO: Philip Gannon

CTO: Philip Gannon

CMO: Philip Gannon

COO: Philip Gannon

CRO: Philip Gannon

TEAM COMMENT:

Our team is led by a seasoned entrepreneur, innovator,investor with a proven 25 year track record in bringing new products to market internationally. We move very fast, are cost conscious,take a very pragmatic approach in achieving our goals. Our vision is to create the words first ever international P2P ATM cash payment platform,with minimal assistance we believe we can achieve this goal on time,on budget.

Momentum

FUNDED

NO

TOTAL FUNDING:

$300 K

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES
Seed Nov 2016 --- EUR300 K at a EUR2 Mvaluation Comment on Seed We have received funding of €300,000 from seed investors for 15% of the company. These funds will be spent as follows: - - Building a working (secure) CashCodes® payment application. - Increasing sign up's and downloads from consumers - Liaising with international banks and ATM providers to build the worlds largest network of participating ATM's - Selling our white label Cashcodes® app to exisiting third party P2P payment providers - Developing other uses for CashCodes® in areas such as food stamps, gift cards, vouchers, giveaways etc.

Comment on Valuation

Accuratly reflects the current value of the company based on realistic comercials. Blond Capital Ltd.