Grey Systems

remittancessoftware/whitelabel/apis (remittance)

FOUNDING YEAR: 2008
LOCATION: Spain
Last Update: 01/05/2020

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About

We are an IT Spanish consulting company, specialised in international money transfers for MTO's and MNO's worldwide.

MEDICI Analysis

Grey Systems have developed Push Money​, a platform that allows remittance companies to manage end to end money transfer business processes.

Focus

PRODUCTS & SERVICES

We commercialise "Push Money", a next level technology platform to provide instant online multichannel money transfer services and other financial services and products, outside of conventional banking channels.

REVENUE MODEL

License Fee and software development works for software customisations and implementation.

PRIMARY PROBLEM SOLVED

We offer professional IT services to MTO's, MNO's and Banks that need a solid technical platform to grow their money transfers operations.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

Traction

REVENUE

$500k - $999k

NUMBER OF TRANSACTIONS:

220 K

TRANSACTIONS VALUE:

$55 M

TRANSACTIONS COMMENT:

I have entered in "most recent transactions value USD" the amount of money transferred by our clients during 2016.

ACTIVE USERS:

1200

company provided insights

People

NUMBER OF EMPLOYEES

11-50

COMMENT:

Our team has a wide experience in International Money Transfer business. We know what we want to do,become. We want to be the global network connecting Financial Institutions,worldwide leaders in Money Transfer technology.

Momentum

FUNDED

NO

LISTED

NO

For Investors

FUNDING NEEDED:

€1.5 M

USES OF FUNDS RAISED:

1. Marketing and Selling

2. Updating and development new features of our Platform

MONTHS LEFT WITH CURRENT CASH BURN RATE:

24 months from 28 Jun, 2017

COMPETITORS:

Remitone

Money Transfer Application

BASICS

FOUNDING YEAR:

2008

LOCATION:

Spain

Views:

27 VISITORS | 66 VIEWS

About

We are an IT Spanish consulting company, specialised in international money transfers for MTO's and MNO's worldwide.

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!

MEDICI Analysis

Grey Systems have developed Push Money​, a platform that allows remittance companies to manage end to end money transfer business processes.

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

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Grey Systems

About

We are an IT Spanish consulting company, specialised in international money transfers for MTO's and MNO's worldwide.

Focus

PRODUCTS & SERVICES

We commercialise "Push Money", a next level technology platform to provide instant online multichannel money transfer services and other financial services and products, outside of conventional banking channels.

REVENUE MODEL

License Fee and software development works for software customisations and implementation.

TOP PROBLEM SOLVED

We offer professional IT services to MTO's, MNO's and Banks that need a solid technical platform to grow their money transfers operations.

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

PRODUCT DEVELOPMENT COMMENT

We have our own software development and deployment architecture. We use micro services technology under Agile Methodology.

KEY DIFFERENTIATORS

Our Platform covers end to end business processes for multichannel money transfers. One of our Systems is a HUB that connects to third parties companies (Banks, MTO's, Mobile Network Operators, etc.). Currently we have more than 70 integrations with different financial institutions.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Small and Medium Business - Physical Retail

Small and Medium Business - Online Retail

PRODUCT ATTRIBUTES

White label

Back Office

Customer facing

STRATEGIC CLIENTS AND PARTNERSHIP

Moneytrans : Client

Aftab Currency : Client

Lucky Money : Client

Cobro Express : Client

Canal M : Client

TransferTo : Client

People

NUMBER OF EMPLOYEES

11-50

KEY EMPLOYEES:

CEO: Gregorio Martin

CTO: Enrico Crisostomo

COO: Jose Manuel Felguera

TEAM COMMENT:

Our team has a wide experience in International Money Transfer business. We know what we want to do,become. We want to be the global network connecting Financial Institutions,worldwide leaders in Money Transfer technology.

Momentum

FUNDED

NO

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES