• FOUNDING YEAR: 2015
    LOCATION:
    Singapore
    REGION:
    Last Update:
    11 Jul, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Blockchain powered mobile remittance platform - to send money or pay bills in the Philippines. Sending money using Toast is cheap and fast.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Online retail consumers.
EXISTING PARTNERSHIPS:
Partnership with MasterCard and banks such as BPI, PNB, Landbank and BDO.
PRIMARY PROBLEM SOLVED:
Toast offers a fast and inexpensive way to transfer money internationally for much less than it costs sending money via banks or remittance shops
COMMENT
The company combines bank grade hardware security models with multi-signature digital currency wallets giving its users 24/7 data protection.

PEOPLE

FOUNDERS:
Stéphane Panyasiri, Aaron Siwoku
NUMBER OF EMPLOYEES:
1-10
INVESTORS:
Aetius Capital, Pepper, 1776 Ventures, ACE and Company, TransferWise, One Zero Capital, Startupbootcamp, Omnibridge Group

TRACTION

VALUATION / MARKET CAP:
$16.67 MM in 2016

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$2.37 Millions
DATE OF LAST FUNDING:
Nov 2016
SEED & PRIOR FUNDING:
$2.37 Millions
SEED CLOSED ON:
Nov 2016

LATEST RESEARCH