Tradle

blockchainregtechekyc/aml/cft

FOUNDING YEAR: 2014
LOCATION:
Last Update: 04/07/2020

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About

Tradle is selling to regulated institutions a Bring-Your-Own-KYC software product with real-time compliance supervision. Tradle is a winner of many competitions, such as #1 Fintech in Japan, #1 blockchain Fintech in Europe, #1 blockchain Fintech by KPMG, most innovative startup in Vietnam, was named by McKinsey and Citigroup as KYC innovator, successfully completed pilots with 7 Tier 1 financial institutions, among them UBS, which received 2 industry awards for their work with Tradle. Tradle successfully completed UK FCA Regulatory Sandbox and SG MAS accelerator, which progressed into regulatory relationships in 21 countries. Tradle has offered its eKYC product towards Digital Regulation initiative of FATF and secured the support of IFC, IMF, World Bank, ADB, IADB on their eKYC and derisking initiatives. Tradle is eKYC provider for R3 blockchain consortium of 100 banks and for AFIN, a banking and fintech network launched in 2017 by IFC (World Bank), MAS in Singapore and ASEAN banking association. Tradle has partnered with Finastra to sell its horizontal eKYC to their 9,000 customers. Tradle's mission is using its open source digital identity platform to help increase financial inclusion, help institutions and governments reduce regulatory friction to unlock exponential growth.

MEDICI Analysis

Tradle is using a blockchain to bridge internal and external financial networks to achieve user-controlled KYC portability. It is creating a global trust provisioning network to give retail, wealth, SME and institutional customers of financial institutions access to capital and risk allocation.

Focus

PRODUCTS & SERVICES

Tradle's blockchain-based bot framework enables users to build customer interactions and customize compliance rules. It also helps in building mobiles, tablets, and browsers for customers and employees. It offers pre-integrated vendors’ products such as biometrics, ID scanning, sanctions and PEPs checkers. It also converts KYC forms into live data collection, data entry, and KYC sharing process on web & mobile.

REVENUE MODEL

The company follows usage based business model

MAIN CLIENTS

Retail

wealth

Small businesses & financial institutions

EXISTING PARTNERSHIPS

Factom Foundation

PRIMARY PROBLEM SOLVED

turning compliance pain into a commercial opportunity for financial services companies

INTELLECTUAL PROPERTY

Patent(s) FILED

COMMENT

Provides an alternative to the traditional form of documentation by enabling users to send their documents electronically.

Traction

VALUATION / MARKET CAP:

$110 K in 2015

REVENUE

$100k - $499k

TRACTION COMMENT:

The company has won multiple award: In the year 2017, they have won FinSum outstanding Fintech award in Japan, and also a winner of Blockchain Fintech in Europe. In the year 2016, they have won the KPMG Fintech Challenge. Apart from this they were Fintech50 for 2016 and a Regtech100 for 2017.

People

BOARD MEMBERS AND ADVISORS

Dmitriy Katsnelson

David Raviv

Jeff Weisman

David Miller

Michael Fox-Rabinovitz

Greg Irwin

David D. Postolski

Esq. E

NUMBER OF EMPLOYEES

1-10

INVESTORS:

JFE Accelerator

Plug and Play

Startupbootcamp

Startupbootcamp

Startupbootcamp FinTech London

KEY EMPLOYEES:

Ellen Katsnelson

COMMENT:

decentralized business networks are extremely hard to build,,we have done it in the past. Now we are supercharging it with the help of the blockchain

Momentum

FUNDED

YES

TOTAL FUNDING

$15 K

DATE OF LAST FUNDING

Jul 2015

SEED & PRIOR FUNDING

$15 K

LISTED

NO

For Investors

FUNDING NEEDED:

$10 M

USES OF FUNDS RAISED:

1. hiring developer, sales and implementation teams

2. travel and participation in industry events

EXIT STRATEGY

IPO or acquisition

MONTHS LEFT WITH CURRENT CASH BURN RATE:

5 months from 31 Jul, 2018

Innovation Programs

BASICS

FOUNDING YEAR:

2014

LOCATION:

Views:

1089 VISITORS | 2059 VIEWS
LATEST FUNDING ROUND

$15 K

TOTAL EMPLOYEES
1-10

About

Tradle is selling to regulated institutions a Bring-Your-Own-KYC software product with real-time compliance supervision. Tradle is a winner of many competitions, such as #1 Fintech in Japan, #1 blockchain Fintech in Europe, #1 blockchain Fintech by KPMG, most innovative startup in Vietnam, was named by McKinsey and Citigroup as KYC innovator, successfully completed pilots with 7 Tier 1 financial institutions, among them UBS, which received 2 industry awards for their work with Tradle. Tradle successfully completed UK FCA Regulatory Sandbox and SG MAS accelerator, which progressed into regulatory relationships in 21 countries. Tradle has offered its eKYC product towards Digital Regulation initiative of FATF and secured the support of IFC, IMF, World Bank, ADB, IADB on their eKYC and derisking initiatives. Tradle is eKYC provider for R3 blockchain consortium of 100 banks and for AFIN, a banking and fintech network launched in 2017 by IFC (World Bank), MAS in Singapore and ASEAN banking association. Tradle has partnered with Finastra to sell its horizontal eKYC to their 9,000 customers. Tradle's mission is using its open source digital identity platform to help increase financial inclusion, help institutions and governments reduce regulatory friction to unlock exponential growth.

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!

MEDICI Analysis

Tradle is using a blockchain to bridge internal and external financial networks to achieve user-controlled KYC portability. It is creating a global trust provisioning network to give retail, wealth, SME and institutional customers of financial institutions access to capital and risk allocation.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

Innovation Programs

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack

Tradle

About

Tradle is selling to regulated institutions a Bring-Your-Own-KYC software product with real-time compliance supervision. Tradle is a winner of many competitions, such as #1 Fintech in Japan, #1 blockchain Fintech in Europe, #1 blockchain Fintech by KPMG, most innovative startup in Vietnam, was named by McKinsey and Citigroup as KYC innovator, successfully completed pilots with 7 Tier 1 financial institutions, among them UBS, which received 2 industry awards for their work with Tradle. Tradle successfully completed UK FCA Regulatory Sandbox and SG MAS accelerator, which progressed into regulatory relationships in 21 countries. Tradle has offered its eKYC product towards Digital Regulation initiative of FATF and secured the support of IFC, IMF, World Bank, ADB, IADB on their eKYC and derisking initiatives. Tradle is eKYC provider for R3 blockchain consortium of 100 banks and for AFIN, a banking and fintech network launched in 2017 by IFC (World Bank), MAS in Singapore and ASEAN banking association. Tradle has partnered with Finastra to sell its horizontal eKYC to their 9,000 customers. Tradle's mission is using its open source digital identity platform to help increase financial inclusion, help institutions and governments reduce regulatory friction to unlock exponential growth.

Focus

PRODUCTS & SERVICES

Tradle is the only structural solution for KYC that works for all sectors of finance, provides an omni-channel interface and employs the blockchain to manage trust and proof. Tradle's approach of enabling the customer to own, control and share their data allows them to move their KYC and other e-docs across ring-fenced institutions, jurisdictions, and even verticals. Such radical portability better fits the new regulatory landscape, creates an exceptional customer experience and a new uniform integration point for other start-ups. It is a start of an era of 'Customer As A Platform', a new product delivery pipeline.

REVENUE MODEL

The company follows usage based business model

TOP PROBLEM SOLVED

turning compliance pain into a commercial opportunity for financial services companies

PRODUCT DEVELOPMENT STAGE

MARKET TRIAL

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

PRODUCT ATTRIBUTES

SaaS

On-premises

Customer facing

People

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

CEO: Gene Vayngrib

CTO: Mark Vayngrib

COO: Simon Wilkinson

employee: Ellen Katsnelson

TEAM COMMENT:

decentralized business networks are extremely hard to build,,we have done it in the past. Now we are supercharging it with the help of the blockchain

BOARD MEMBERS AND ADVISORS:

Dmitriy Katsnelson, David Raviv, Jeff Weisman, David Miller, Michael Fox-Rabinovitz, Greg Irwin, David D. Postolski, Esq. E

INVESTORS:

JFE Accelerator

Plug and Play

Startupbootcamp

Startupbootcamp

Startupbootcamp FinTech London

Momentum

FUNDED

YES

LISTED

NO

FUNDING SERIES