Worldcore

paymentsbankingtech

STATUS: Closed
FOUNDING YEAR: 2015
LOCATION: Czech Republic
Last Update: 08/09/2020

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About

Worldcore financial services: payment accounts with IBAN for bank transfers, Industry-leading prepaid debit cards, international money transfers to any Visa, MasterCard and China UninPay cards, mass payments

MEDICI Analysis

Focus

PRODUCTS & SERVICES

Payment accounts for bank transfers Prepaid debit cards (plastic & virtual) Mass payments Instant plugins for e-Commerce platforms API Money transfers to Visa/MasterCard across the globe

REVENUE MODEL

Fee-based services from money transfer services and prepaid debit cards management and issuance

PRIMARY PROBLEM SOLVED

We are solving the problem of one-stop shopping for all of your banking needs without having to spend the time and money required to enter the traditional banking system.

company provided insights

Traction

REVENUE

$10M+

REVENUE COMMENT:

We are finding that our product appeals greatly to those seeking our services are those looking for a white label solution, those looking to do mass payouts, and those developing apps/online stores.

TRANSACTIONS VALUE:

1 M

ACTIVE USERS:

20000

company provided insights

People

BOARD MEMBERS AND ADVISORS

Alexey Nasonov

Momentum

FUNDED

NO

TOTAL FUNDING

$1 M

DATE OF LAST FUNDING

2016

SEED & PRIOR FUNDING

$1 M

SEED CLOSED ON

Jan 2016

SEED PRIOR FUNDING COMMENT

Entirely founder and self-funded

LISTED

NO

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Worldcore

About

Worldcore is an innovative online financial services provider. Worldcore offers a wide range of global payment solutions including access to bank transfers, e-currency payments, prepaid debit cards, mass payments, international money transfers to any Visa/MasterCard credit/debit cards, and international payment processing for both individuals and businesses. The company was founded in 2014 by a strong team of experts in the field of financial markets, banking services, FinTech, and IT. Our goal is to cover the most possible number of global payment services to provide the ability to send and receive any types of payments through a single account at Worldcore payment service. Worldcore is staffed by a team of more than 40 people and is headquartered in Prague, Czech Republic. Worldcore is brand owned and operated by EUPSProvider s.r.o., a Czech Republic-licensed payment service provider regulated by Czech National Bank.

Focus

PRODUCTS & SERVICES

Payment accounts for bank transfers Prepaid debit cards (plastic & virtual) Mass payments Instant plugins for e-Commerce platforms API Money transfers to Visa/MasterCard across the globe

REVENUE MODEL

Fee-based services from money transfer services and prepaid debit cards management and issuance

TOP PROBLEM SOLVED

We are solving the problem of one-stop shopping for all of your banking needs without having to spend the time and money required to enter the traditional banking system.

PRODUCT DEVELOPMENT STAGE

V2.0 or BEYOND

PRODUCT DEVELOPMENT COMMENT

Worldcore team will keep expanding the list of cost-effective modern payment solution to cover more services appreciated by retail, corporate and e-commerce customers.

KEY DIFFERENTIATORS

Security + Voice Biometrics Authentication Same-day client onboarding Simple, elegant interface Multi-currency accounts Affiliate Program Easy eCommerce integration, wide range of plugins for immediate integration Money transfers to any Visa/MasterCard in most of countries across the globe Industry-leading ATM withdrawal limit on prepaid cards - 4,000 EUR/daily

PRIMARY CUSTOMER TYPE

Enterprise - Others

Small and Medium Business - Online Retail

Consumer

Traction

ANNUAL REVENUE:

$10M+

REVENUE COMMENT:

We are finding that our product appeals greatly to those seeking our services are those looking for a white label solution, those looking to do mass payouts, and those developing apps/online stores.

TRANSACTIONS VALUE:

1 M

ACTIVE USERS/ACCOUNTS:

20000 Million

LIVE USERS/TRANSACTIONS:

Yes, in live production

How will you grow the number of users/accounts/transactions?

Affiliate program and product enhancements

CHANNEL STATUS

MULTIPLE CHANNELS

NUMBER OF CLIENTS OR PAYING CUSTOMERS

20000

People

NUMBER OF EMPLOYEES

11-50

TEAM COMMENT:

We employ some of the most strategic minds in CEE payments, global marketing,,IT development.

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES
Seed
Jan 2016
EUR1 M
Comment on Seed
Entirely founder and self-funded