
Hashkloud Pty Ltd
payments . software/whitelabel/apis-payments . blockchain
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About
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.
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.
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
Our revenue model will be based on flat fees per transaction tiers for escrow and % fees per transaction on payment on delivery if escrow is not used.
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
Traction
REVENUE
$100k - $499k
People
FOUNDERS
Tarique Amin Bhuiyan (CEO and CTO)
BOARD MEMBERS AND ADVISORS
Reza Ali
Hasan Shafi
KEY EMPLOYEES:
Hasan Uzzaman
Abu Sufian
Sharmin Hussain
Junaid Kabir
Raisa Dipika
Yeasin Mintu
COMMENT:
We get things done collaboratively with passion.
Momentum
FUNDED
NO
LISTED
NO
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Hashkloud Pty Ltd
About
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 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
Our revenue model will be based on flat fees per transaction tiers for escrow and % fees per transaction on payment on delivery if escrow is not used.
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
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 Escrow processes become 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.
PRIMARY CUSTOMER TYPE
Enterprise - Banks or Financial Institutions
Enterprise - Retailers
Enterprise - Others
Small and Medium Business - Physical Retail
Small and Medium Business - Online Retail
Small And Medium Business - Other
Consumer
PRODUCT ATTRIBUTES
SaaS
On-premises
White label
Back Office
Customer facing
Other
STRATEGIC CLIENTS AND PARTNERSHIP
United Commercial Bank, Bangladesh : Contract Signed
Traction
ANNUAL REVENUE:
$100k - $499k
LIVE USERS/TRANSACTIONS:
Yes, in trial/pilot
CHANNEL STATUS
INITIAL CLIENTS
NUMBER OF CLIENTS OR PAYING CUSTOMERS
1
People
NUMBER OF EMPLOYEES
1-10
TEAM COMMENT:
We get things done collaboratively with passion.
Momentum
FUNDED
YES
FUNDING COMPLETED
NO
LISTED
NO