Moneytis

blockchainremittancesmobile/online remittance

FOUNDING YEAR: 2015
LOCATION: United States
Last Update: 17/07/2020

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About

Moneytis is a provider of a digital platform for money transfer. The company helps the people in sending money abroad by reducing the cost of transfer. Over the past 6 months, They saved more than 100 000€ to their users. They also work with the latest technologies and partner with every solution using the blockchain to help transfer money abroad. ING has announced Moneytis as a winner of week’s Innovation Studio pitch in sept. 2015.

Focus

PRODUCTS & SERVICES

Money transfer digital platform. Moneytis Comparator-Send money abroad at the best exchange rate. Neomy-Neomy alerts you when there are good moments to send money abroad Moneytis's platform helps users to send money abroad in the fastest, cheapest and most secure way.

REVENUE MODEL

The company follows freemium model for its customers. Currently, the company earn revenue by charging a commission from its partners.

MAIN CLIENTS

Financial institutions

EXISTING PARTNERSHIPS

TransferWise

WorldRemit

Bitso

Xendpay

Azimo

Western Union

Traction

VALUATION / MARKET CAP:

$800 K in 2017

NUMBER OF TRANSACTIONS:

41 M

TRANSACTIONS COMMENT:

The company has processed for more than 41 million transaction till march 2017.

ACTIVE USERS COMMENT:

The company claims that it have 40000 users(march 2017).

TRACTION COMMENT:

The company is from Paris and also went through Amsterdam, Mexico, Lisbon, and San Francisco.

People

FOUNDERS

Etienne Tatur

Christophe Lassuyt

BOARD MEMBERS AND ADVISORS

Yves Morard-Lacroix

NUMBER OF EMPLOYEES

11-50

INVESTORS:

ING Bank Innovation lab

ING Innovation Studio

Y Combinator

Momentum

FUNDED

NO

TOTAL FUNDING

$120 K

DATE OF LAST FUNDING

Mar 2017

SEED & PRIOR FUNDING

$120 K

SEED CLOSED ON

Mar 2017

PRIZE MONEY

$86.93 K

LISTED

NO

COMMENT

An undisclosed convertible note raised in Jan 2016.

Innovation Programs

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