Hashkloud Pty Ltd

Hashkloud Pty Ltd

payments | software/whitelabel/apis (payments) | blockchain
website address
  • FOUNDING YEAR: 2015
    LOCATION:
    Australia
    REGION:
    Last Update:
    18 Oct, 2019
    Global presence:
    Bangladesh
    Company priority:
    In fund-raising mode.

Description

HashKloud is a blockchain powered company that aims to improve customer experience in the digital commerce space. Their product PaySHA is a payments processing engine which acts as a wallet and a payments gateway.
Our company is the developer of a cloud based & blockchain integrated collaborative platform for Escrow payments settlements between buyers & sellers featuring trigger driven payments auto release on delivery with built-in smart contracts & digital signatures.

FOCUS


PRODUCTS & SERVICES:
PaySHA Platform - It is a cloud based & blockchain integrated collaborative platform for payments settlements between buyers & sellers incorporating tokenised digital escrow accounts & the escrow is powered by digital signatures based smart contracts.
REVENUE MODEL:
Viewable by subscribers only
PRIMARY PROBLEM SOLVED:
Currently Escrow based commercial transactions require the escrow accounts to be held by a 3rd party custodians who are normally banks or specialised financial institutions. This has led to many complexities for the buyers and sellers including the increased cost of doing businesses as well as delayed settlements of payments by the seller or the services providers. Also, when transactions are settled, the funds then need to go back to the seller or the service provider’s bank accounts for them to access the funds. Currently there is no platform for both the buyers and the sellers (or their agents) to collaborate on the contracts in a single platform while at the same time use the same platform for payments settlements. For Lay-By transactions (i.e. buy now, pay in instalments, deliver product once paid in full), most companies still use manual processes. Also, for cash on delivery type transactions, the sellers are not really protected enough as the buyer may return the delivery without any reason. Also, handling cash is a problem for both the buyers and the sellers. By using automated trigger driven smart contracts using blockchain technology where the trigger(s) are also agreed by the buyer and the seller in question in a cloud based collaborative platform using blockchain powered digital signatures, the end to end process becomes very simple & cost-effective. Also having the escrow account held in the name of the seller with the funds held & reserved in a cloud based & blockchain secured tokenized digital account using the same single platform, the seller can immediately get access to the account as soon as the trigger(s) occur. Funds can also be automatically or manually transferred to the seller's bank account using our patent pending PaySHATM near real-time Funds transfer mechanism.
INTELLECTUAL PROPERTY:
Patent(s) not Filed
PRODUCTS & SERVICES:
PaySHA Platform - It is a cloud based & blockchain integrated collaborative platform for universal payments incorporating Blockchain integrated tokenised digital QR (Quick Response) codes that represents customer's authority for payments. Such QR code could configured for any specific amount limit and / or for a specific merchant and / or for a specific time limit and for a specific registered account (that will be debited).
REVENUE MODEL:
Viewable by subscribers only
TOP PROBLEM SOLVED:
Currently Escrow based commercial transactions require the escrow accounts to be held by a 3rd party custodians who are normally banks or specialised financial institutions. This has led to many complexities for the buyers and sellers including the increased cost of doing businesses as well as delayed settlements of payments by the seller or the services providers. Also, when transactions are settled, the funds then need to go back to the seller or the service provider’s bank accounts for them to access the funds. Currently there is no platform for both the buyers and the sellers (or their agents) to collaborate on the contracts in a single platform while at the same time use the same platform for payments settlements. For Lay-By transactions (i.e. buy now, pay in instalments, deliver product once paid in full), most companies still use manual processes. Also, for cash on delivery type transactions, the sellers are not really protected enough as the buyer may return the delivery without any reason. Also, handling cash is a problem for both the buyers and the sellers. By using automated trigger driven smart contracts using blockchain technology where the trigger(s) are also agreed by the buyer and the seller in question in a cloud based collaborative platform using blockchain powered digital signatures, the end to end process becomes very simple & cost-effective. Also having the escrow account held in the name of the seller with the funds held & reserved in a cloud based & blockchain secured tokenized digital account using the same single platform, the seller can immediately get access to the account as soon as the trigger(s) occur. Funds can also be automatically or manually transferred to the seller's bank account using our patent pending PaySHATM near real-time Funds transfer mechanism.
PRODUCT DEVELOPMENT STAGE
MARKET TRIAL
KEY DIFFERENTIATORS
Viewable by subscribers only
PRIMARY CUSTOMER TYPE
Viewable by subscribers only
PRODUCT ATTRIBUTES
Viewable by subscribers only
STRATEGIC CLIENTS AND PARTNERSHIP
Viewable by subscribers only

PEOPLE


FOUNDERS:
Tarique Amin Bhuiyan (CEO, CTO)
COMMENT:
We get things done collaboratively with passion.
FOUNDERS:
Tarique Bhuiyan, Reza Ali
NUMBER OF EMPLOYEES:
1-10
KEY EMPLOYEES:
CEO: Tarique Bhuiyan
CTO: Tarique Bhuiyan
Chief Engineer: Syed Samiuzzaman
Senior Software Engineer: Atef Haque
Senior Software Engineer: Hasan Uzzaman
Software Engineer: Abu Sufian
Manager HR & Admin: Sharmin Hussain
Project & Support Lead: Junaid Kabir
Accounts Officer: Raisa Dipika
Accounts & Admin Officer: Yeasin Mintu
TEAM COMMENT:
Viewable by subscribers only
BOARD MEMBERS:
Tarique Bhuiyan, Reza Ali
ADVISORS:
Hasan Shafi

TRACTION


Insufficient information for accurate analysis
ANNUAL REVENUE:
$100k - $499k in 2017
LIVE USERS/TRANSACTIONS:
Viewable by subscribers only
CHANNEL STATUS
Viewable by subscribers only
NUMBER OF CLIENTS OR PAYING CUSTOMERS:
Viewable by subscribers only

MOMENTUM


Insufficient information for accurate analysis
FUNDING COMPLETED:
Viewable by subscribers only
TOTAL FUNDING:
-
LISTED:
Viewable by subscribers only
FUNDING SERIES:

FOR INVESTORS

FUNDING NEEDED
$150 K

DISCUSSIONS

MOST VIEWED RESEARCH


RECENT RESEARCH


You have 2 complimentary company profiles this month.

Subscribe to MEDICI Inner Circle and get unlimited access to company profiles, FinTech insights, deep dives, and more.

BECOME A MEMBER

Get unlimited access to MEDICI Startup Scanner. Become a member.