Toast

blockchainremittancesmobile/online remittance

FOUNDING YEAR: 2015
LOCATION: Singapore
Last Update: 17/07/2020

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About

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

Momentum

FUNDED

YES

TOTAL FUNDING

$1.5 M

DATE OF LAST FUNDING

Nov 2016

SEED & PRIOR FUNDING

$1.5 M

SEED CLOSED ON

Nov 2016

LISTED

NO

Innovation Programs

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BASICS

FOUNDING YEAR:

2015

LOCATION:

Singapore

Views:

294 VISITORS | 454 VIEWS
LATEST FUNDING ROUND

$1.5 M

TOTAL EMPLOYEES
1-10

About

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.

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

Focus+
Momentum+
Traction+
People+
Other+

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