• FOUNDING YEAR: 2015
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    14 Feb, 2020
    Phone:
    +1 (650) 713-3388
    Company priority:
    In fund-raising mode.

Description

FOCUS

PRODUCTS & SERVICES:
The solutions offered include: PSD2 Compliance: It offers turnkey PSD2 compliance solutions that enable banks and financial institutions to meet PSD2 requirements by integrating with the TokenOS cloud service. This will allow third parties (AISPs and PISPs) to access customers’ bank accounts via the TokenOS API. B2B Payments: B2B payments are powered by smart tokenization that enables buyers to authorize smart token payments, which can then be requested by the supplier from the buyer’s bank by redeeming the smart token. Account Aggregation: It enables users to aggregate customer account data with a single request. Businesses can utilize the TokenOS API to access their clients’ information such as account balance and transaction history from their accounts at other banks. Payment Initiation: It enables the Payment Initiation Service Provider (PISP) to initiate payments on behalf of their customers. The PISP can simply onboard the Token network and add the Token Quick Checkout widget to their checkout system.
MAIN CLIENTS:
Banking, financial institutions, and E-commerce companies.
COMMENT
Token features include crypto-signed API calls; third-party developer tools; cross-border transfers using high performance shared currency ledgers hosted at central banks; a new paradigm for payments ("programmable money"); and tools for banks to manage pricing with regard to optimizing profitability for both retail and corporate transactions.

PEOPLE

MEDICI analysts will analyze token soon

TRACTION

Insufficient information for accurate analysis

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$35 Millions
DATE OF LAST FUNDING:
Jun 2019
TOTAL FUNDING COMMENT:
The company could have also got between $25,000–$500,000 in seed capital with its participation and graduation from the Plug and Play FinTech program in 2016.
FUNDING SERIES:
SERIES A
$18.5 Millions Closed: Apr 2017
Others
$16.5 Millions Closed: Jun 2019
LISTED:
NO
COMMENT:
Received a stipend of $20,000 Singapore Dollars (USD $14.4K) from the MAS FinTech Hackcelerator.

MOST VIEWED RESEARCH


RECENT RESEARCH