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Mercury Cash

Multinational Financial Institution

Estonia
Market: Financial services
Stage of the project: Operating business

Date of last change: 25.08.2020
Min investment
$  500.000
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Total required
$ 2.000.000
Rating
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Idea

Mercury Cash is a multinational financial institution registered with the US Treasury Department (31000107380194) and the Estonian Financial Intelligence Unit (FFA000354), as well as licensed as a money transmitters by the Florida Office of Financial Regulation (FT230000208) in the United States. Mercury Cash brings a digital payment solution that currently has more than 14,000 customers around the world, our platform allows you to Real-time transfers, payments and currency exchanges between cryptocurrencies and FIAT money in an intuitive way. Our service is available on iOS and Android for yo

Current Status

20,000 Users
+200mm processed
3 banking partnerships (1 US , 2 EU)
Revenue generated in 2019 $1.7mm USD
Core software developed in-house, including AML Monitoring system and Back-office
Trademarks registered in US and EU
Licenses in US (Florida) and EU (Estonia)
Employees 45 (including offshore positions)
4 years since the creation
Pre-approval from Central bank of Lithuania for EMI license and IBAN issuance (Euro Bank Account)
Runaway 1 year

Market

GLOBAL PROCESSING PAYMENTS
· $30 Trillion are processed annually in payments with an estimated of $870 Billions on fees. 2.9% average cost.
· $8.9 Trillion are processed in the United States.
· Excluding the CHINA market since is a closed market.
· Distributed between merchants, issuers, acquirer, networks, consumers.
Source: Wikimedia Commons and Bernstein Analysis

MONEY TRANSMISSION
· $615 Billion are sent annually in payments with an estimated of $870 Billions on fees. 2.9% average cost.
· $81.5 Billion are sent to LATAM with a sending cost 5.8%

Competitors

see the presentation (all competitors are there)

Advantages or differentiators

Development cost
Top Class Software
Spanish service
Solid Regulatory framework
Team

Finance

Fees generated with our system
staking
SaaS

Business model

Volumen Processed
Signups
Fees generated
AUM
Revenue Vs Expenses

Money will be spent on

Increase the speed of development
Increase the Team
Increase our product portafolio

Offer for investor

5% equity

Team or Management

Risks

Government Regulators
Hacking events
Natural Disasters
Dead of founder members
Technological Challenge

Incubation/Acceleration programs accomplishment

NA

Won the competition and other awards

NA

Photos

Photo 1 - Multinational Financial Institution

Product Video

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Idea
Current Status
Market
Problem or Opportunity
Solution (product or service)
Competitors
Advantages or differentiators
Finance
Invested in previous rounds, $
Business model
Money will be spent on
Offer for investor
Team or Management
Mentors & Advisors
Lead investor
Risks
Incubation/Acceleration programs accomplishment
Won the competition and other awards
Invention/Patent
Photos
Product Video