Bank4You ICO (BFY)

Mobile Money Remittance System by Bank4YOU Group


Mobile Money Remittance System - first convergence of cryptocurrencies with mobile network operator’s accounts based on blockchain. The Bank4YOU Group’s own, unique card solutions come packed with a range of state of the art mobile banking services. In addition, easy-to-use mobile Bank4You app at no charge, created by a team of highly-skilled and vastly experienced fin-tech specialists can be downloaded at App Store and Play Market.

Banking Business services Cryptocurrency
3.6

by expert rating and reviews


4.5
ICO PROFILE
3.5
TEAM
3.6
VISION
3.0
PRODUCT
Ended
Token BFY
Platform Ethereum
Price 1 BFY = 0.21 USD
Country UK
ICO Start Date 06 Nov 2017
ICO End Date 31 Mar 2018

About Bank4You

Established in 2013 and headquartered in London, UK, in 2016 Bank4YOU transformed into Bank4YOU Group, an international consortium of fin-tech service companies operating within the electronic mobile payment services arena. FCA License No715451, issued by the UK's Financial Conduct Authority authorizes Bank4YOU to provide credit.

Bank4YOU Group provides customers with a wide range of pre-paid card options as well as other financial solutions. State of the art fin-tech products are developed for people with active lifestyles, such as students, tourists, migrant workers, and frequent travellers.

One of the biggest concerns for most people travelling to another country for extended periods is how to obtain access to banking services without the need to be a resident of that country. Bank4You Group makes it really easy for visitors to make in-country as well as cross-border payments, without the need for proof of residency or a local bank account. Its secure money transfer is based on use of state-of-the-art mobile app.

Bank4You Group now intends to launch its own ICO in order to accelerate the goal of scaling its service rollout across Africa, Asia, and Latin America. Based on current Bitcoin pricing and investments achieved by other similarly sized projects in the same sector, an indicative estimate for the total funding requirement is $10 million. This funding is required to support the company’s expansion into new markets and to develop enhanced services (including consumer micro-loans and the incorporation of Bitcoin and other crypto currencies within its money transfer services). It is expected to drive exponential customer growth, and the company believes it will have a signicant positive impact on its market value.

Team

Adam Lane member of Bank4You ICO
Adam Lane
Managing director
Peter Davis member of Bank4You ICO
Peter Davis
Chief financial officer
Justin McCarthy member of Bank4You ICO
Justin McCarthy
Chief marketing officer
Tariyel Tahirov member of Bank4You ICO
Tariyel Tahirov
Vice president, business development, Middle East and СIS
Paul Scott member of Bank4You ICO
Paul Scott
Vice president, business development, Africa
Paul Griffiths member of Bank4You ICO
Paul Griffiths
Chief Operating Officer
Shantnu Saxena member of Bank4You ICO
Shantnu Saxena
Chief executive officer
Deborah Mills member of Bank4You ICO
Deborah Mills
Legal adviser
Peter Burningham member of Bank4You ICO
Peter Burningham
Talent acquisition adviser
Andrew Malek member of Bank4You ICO
Andrew Malek
Banking Technology Consultant
Malcolm Bloom member of Bank4You ICO
Malcolm Bloom
Financial Adviser
Shahnawaz Aziz member of Bank4You ICO
Shahnawaz Aziz
Technical Architecture Adviser
Nicolas Kadri member of Bank4You ICO
Nicolas Kadri
VP for IR

Milestones

  • 1

    2013

    Establishment of Bank4YOU

  • 2

    2015

    Implementation of Bank4YOU card solutions

  • 3

    2016 Q1

    Launch of mobile banking app followed by its release on App Store and Google Play

  • 4

    2016 Q4

    Transformation into Bank4YOU Group due to business growth and market expansion

  • 5

    2017 Q4

    ICO Mobile Money Remittance System project launch

  • 6

    07.11.2017

    Participation at FinovateAsia 2017. Presentation of demo version of mobile app with MMRS functionality.

  • 7

    2018 Q1

    Creation of Bank4YOU mobile network operator consortium to provide digital infrastructure for MMRS project

  • 8

    2018 Q3

    MMRS project beta version launch

  • 9

    2018 Q4

    MMRS final version release.

Financial

Token Sale Info
Token BFY
Token Type ERC20
Platform Ethereum
Price in ICO 1 BFY = 0.21 USD
Tokens for Sale 240000000
Investment info
Accepting ETH, BTC
Distributed in ICO 80%

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