Minkasu, Inc.
payments . mobile/digital wallet
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About
Minkasu is a mobile payments startup based in Silicon Valley, CA that lets you pay with your smartphone on any device, any browser, and anywhere. It a free app available on both App Store and Google Play. Minkasu delivers seamless user experience across all channels — online, mobile web, social, messaging platforms, in-app and in-store — without usernames and passwords. It is operating system-agnostic and device-agnostic. Also, it is not specific to any network, bank or merchant. It makes use of tokenization, ID verification and biometrics, and has filed five patents around its core tech.
Minkasu, Inc. provides a mobile app to pay when shopping on smartphone
Focus
PRODUCTS & SERVICES
Mobile Payments App
REVENUE MODEL
We are focussed on building a network of merchants and users.
MAIN CLIENTS
iGroceryOnTheGo
Crazy on Digital
Magento
Shop Junior Golf
Razoyo
EXISTING PARTNERSHIPS
Magento
PRIMARY PROBLEM SOLVED
Use your smartphone as an authentication device to make a secure payment on any device, any browser, any channel, anywhere.
INTELLECTUAL PROPERTY
Patent(s) FILED
Traction
REVENUE COMMENT:
The current focus is on growing the network of users and merchants.
People
FOUNDERS
Anbu Gounder
Naveen Doraiswamy
Subbu Lakshmanan
BOARD MEMBERS AND ADVISORS
Professor Mustaque Ahamad
Jaya Kolhatkar
NUMBER OF EMPLOYEES
1-10
INVESTORS:
KEY EMPLOYEES:
COMMENT:
Qualified, Experienced, Passionate
Momentum
FUNDED
YES
TOTAL FUNDING
$1.75 M
DATE OF LAST FUNDING
Jan 2016
SEED & PRIOR FUNDING
$1.75 M
SEED CLOSED ON
Jan 2016
LISTED
NO
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FOUNDING YEAR:
LOCATION:
Views:
$1.75 M
About
Minkasu is a mobile payments startup based in Silicon Valley, CA that lets you pay with your smartphone on any device, any browser, and anywhere. It a free app available on both App Store and Google Play. Minkasu delivers seamless user experience across all channels — online, mobile web, social, messaging platforms, in-app and in-store — without usernames and passwords. It is operating system-agnostic and device-agnostic. Also, it is not specific to any network, bank or merchant. It makes use of tokenization, ID verification and biometrics, and has filed five patents around its core tech.
Minkasu, Inc.
About
Minkasu is a mobile payments startup based in Silicon Valley, CA that lets you pay with your smartphone on any device, any browser, and anywhere. It a free app available on both App Store and Google Play. Minkasu delivers seamless user experience across all channels — online, mobile web, social, messaging platforms, in-app and in-store — without usernames and passwords. It is operating system-agnostic and device-agnostic. Also, it is not specific to any network, bank or merchant. It makes use of tokenization, ID verification and biometrics, and has filed five patents around its core tech.
Focus
PRODUCTS & SERVICES
Mobile Payments App is available on both App Store and Google Play. Mobile SDK is available for App companies to use.
REVENUE MODEL
We are focussed on building a network of merchants and users.
TOP PROBLEM SOLVED
Use your smartphone as an authentication device to make a secure payment on any device, any browser, any channel, anywhere.
INTELLECTUAL PROPERTY
Patent(s) Filed3 Published Patents and 2 Provisional Patents Filed
PRODUCT DEVELOPMENT STAGE
COMMERCIAL LAUNCH
PRODUCT DEVELOPMENT COMMENT
Minkasu is a mobile payments App which makes it very easy to pay securely on any device, any browser, any channel, and anywhere - without a username and password.
KEY DIFFERENTIATORS
100% Software Solution, Unique Security Protocol & Highly Secure, Ubiquitous Solution , No need for technologies like NFC, LE Bluetooth.
PRIMARY CUSTOMER TYPE
Enterprise - Banks or Financial Institutions
Enterprise - Others
Small and Medium Business - Online Retail
Small And Medium Business - Other
STRATEGIC CLIENTS AND PARTNERSHIP
Stripe : Payment Gateway Partner
Authurize.Net : Payment Gateway Partner
People
FOUNDERS
Anbu Gounder
Naveen Doraiswamy
Subbu Lakshmanan
NUMBER OF EMPLOYEES
1-10
KEY EMPLOYEES:
CEO, FOUNDER: Anbu Gounder
CTO, FOUNDER: Naveen Doraiswamy
Director of Marketing: Chitra Rakesh
FOUNDER: Subbu Lakshmanan
TEAM COMMENT:
Qualified, Experienced, Passionate
BOARD MEMBERS AND ADVISORS:
Professor Mustaque Ahamad, Jaya Kolhatkar,
INVESTORS:
Momentum
FUNDED
YES
TOTAL FUNDING:
$1.80
LISTED
NO
FUNDING SERIES
Seed --- Dec 2015 --- USD1.80 Comment on Seed We closed $750K in December 2014 and an additional $1Million in December 2015.Comment on Valuation
Convertible Promisory NotesSubscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!
Minkasu, Inc. provides a mobile app to pay when shopping on smartphone
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Minkasu, Inc.
About
Minkasu is a mobile payments startup based in Silicon Valley, CA that lets you pay with your smartphone on any device, any browser, and anywhere. It a free app available on both App Store and Google Play. Minkasu delivers seamless user experience across all channels — online, mobile web, social, messaging platforms, in-app and in-store — without usernames and passwords. It is operating system-agnostic and device-agnostic. Also, it is not specific to any network, bank or merchant. It makes use of tokenization, ID verification and biometrics, and has filed five patents around its core tech.
Focus
PRODUCTS & SERVICES
Mobile Payments App is available on both App Store and Google Play. Mobile SDK is available for App companies to use.
REVENUE MODEL
We are focussed on building a network of merchants and users.
TOP PROBLEM SOLVED
Use your smartphone as an authentication device to make a secure payment on any device, any browser, any channel, anywhere.
PRODUCT DEVELOPMENT STAGE
COMMERCIAL LAUNCH
PRODUCT DEVELOPMENT COMMENT
Minkasu is a mobile payments App which makes it very easy to pay securely on any device, any browser, any channel, and anywhere - without a username and password.
KEY DIFFERENTIATORS
100% Software Solution, Unique Security Protocol & Highly Secure, Ubiquitous Solution , No need for technologies like NFC, LE Bluetooth.
PRIMARY CUSTOMER TYPE
Enterprise - Banks or Financial Institutions
Enterprise - Others
Small and Medium Business - Online Retail
Small And Medium Business - Other
STRATEGIC CLIENTS AND PARTNERSHIP
Stripe : Payment Gateway Partner
Authurize.Net : Payment Gateway Partner
People
FOUNDERS
Anbu Gounder
Naveen Doraiswamy
Subbu Lakshmanan
NUMBER OF EMPLOYEES
1-10
KEY EMPLOYEES:
CEO, FOUNDER: Anbu Gounder
CTO, FOUNDER: Naveen Doraiswamy
Director of Marketing: Chitra Rakesh
FOUNDER: Subbu Lakshmanan
TEAM COMMENT:
Qualified, Experienced, Passionate
BOARD MEMBERS AND ADVISORS:
Professor Mustaque Ahamad, Jaya Kolhatkar,
INVESTORS:
Momentum
FUNDED
YES
TOTAL FUNDING:
$1.80
LISTED
NO
FUNDING SERIES
Seed Dec 2015 --- USD1.80 Comment on Seed We closed $750K in December 2014 and an additional $1Million in December 2015.Comment on Valuation
Convertible Promisory Notes