Ezyremit

cryptocurrency

FOUNDING YEAR: 2016
LOCATION: India
Last Update: 08/09/2020

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About

We are a next gen technology platform & solutions firm powered by blockchain technology. We are based out of Bangalore, India focused completely on usage of blockchain across differnt business and functional domains. Our solutions portfolio include cross border remittance, Digital identity on blockchain, Gift cards wallet on blockchain and Digital certificate on blockchain.

MEDICI Analysis

EzyRemit aims to provide advanced, fast and secure way of sending and receiving money and works across different currencies by utilizing bitcoin blockchain/virtual currency concepts.

Focus

PRODUCTS & SERVICES

Money transfer product that provides remittance services to growing expatriates.

REVENUE MODEL

License Revenue and transaction pricing

MAIN CLIENTS

Retail consumers

PRIMARY PROBLEM SOLVED

Top Problem: Cost of remittances and time to do a forex transaction.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

COMMENT

Large volume transactions without hassle of bank processing time.

company provided insights

Traction

REVENUE

$100k - $499

People

FOUNDERS

Vishal Kanvaty

Abhijeet Jaswal

NUMBER OF EMPLOYEES

1-10

company provided insights

Momentum

FUNDED

NO

LISTED

NO

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EzyRemit

About

EzyRemit aims to provide advanced, fast and secure way of sending and recieving money and works across different currencies by utilizing bitcoin blockchain/virtual currency concepts.

Focus

PRODUCTS & SERVICES

EzyRemit EzyRemit aims to reduce the cost of cross border remittances and make it near real time by leveraging Bitcoins as a commodity. The advantages of my solution are 1. Lower Cost 2. Transparency and 3. Near Real time transfer Leveraging Bitcoin The solution in a nutshell enables a Bank or exchange house to expand/support multiple countries without the need to o be present in every country. The platform ties up with various exchanges in originating country and destination country. The solution also enables Banks/Exchange houses to reduce the cost of transactions.

REVENUE MODEL

License Revenue and transaction pricing

TOP PROBLEM SOLVED

Top Problem: Cost of remittances and time to do a forex transaction.

PRODUCT DEVELOPMENT STAGE

MARKET TRIAL

PRODUCT DEVELOPMENT COMMENT

The product is ready for market launch. We have integrated with 20 bitcoin exchanges and 2 ether exchanges. the product supports 18 currencies and can be easily integrated with any exchange which has API's

KEY DIFFERENTIATORS

Blockchain based remittances Easy to integrate with the banking systems Audit Trail on permissioned Blockchain Ability to define virtual currency

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Retailers

Small and Medium Business - Online Retail

Traction

ANNUAL REVENUE:

$100k - $499

LIVE USERS/TRANSACTIONS:

No live users/transaction yet

CHANNEL STATUS

NO SALES YET

People

NUMBER OF EMPLOYEES

1-10

TEAM COMMENT:

Payment expertise, Technical expertise, Blockchain expertise is what defines EzyRemit.

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES