Toast

Blockchain | Remittances | Mobile/Online Remittance

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234 VISITORS | 359 VIEWS

FOUNDING YEAR: 2015

LOCATION:

Singapore

REGION:

Last Update:
11 Jul, 2019

Description

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:

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: