Toast
blockchain . remittances . mobile/online remittance
FOUNDING YEAR: 2015
LOCATION: Singapore
Last Update: 19/01/2021
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About
Transferring money internationally should always be this easy. Get the app in November from the Google Play store. #toastme
MEDICI Analysis
Toast offers a blockchain-powered money transfer app that enables unbanked and banked migrant workers to send money to their family members. Toast enables the user to send money directly to another toast wallet or opt for cash pick-up at over 7000 locations in the Philippines.
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
Toast charges 19HKD for cash pick up (Cebuana and MLhuillier) and 15HKD for direct bank payments.
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.
Traction
VALUATION / MARKET CAP:
$16.67 M in 2016
COMPANY TYPE:
For Profit
People
NUMBER OF EMPLOYEES
1-10
INVESTORS:
Momentum
FUNDED
NO
NUMBER OF FUNDING ROUNDS
1
TOTAL FUNDING
$1.5 M
DATE OF LAST FUNDING
Nov 2016
IPO STATUS
Private
ESTIMETED REVENUE RANGE
$1M to $10M
SEED & PRIOR FUNDING
$1.5 M
SEED CLOSED ON
Nov 2016
LISTED
NO
company provided insights
Web Traffic
MONTHLY VISITS
69
AVERAGE VISITS (6 MONTHS)
308.5
MONTHLY VISITS GROWTH
-81.93%
VISIT DURATION
---
VISIT DURATION GROWTH
---
PAGE VIEWS VISIT
1
PAGE VIEWS VISIT GROWTH
0%
BOUNCE RATE
100%
BOUNCE RATE GROWTH
0%
GLOBAL TRAFFIC RANK
24,687,486
MONTHLY RANK CHANGE
7,518,327
MONTHLY RANK GROWTH
43.79%
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