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APRIL 2016

Developed MVP BTC2BID, a P2P Concept for Bitcoin Exchange

Raised the seed round

 

JUNE 2016

3000+ traders joined in the first 90 days

 

OCTOBER 2016

Selected at Level 39 Technology Accelerator

Partnered with Coinfirm, to inbuilt a strong compliance solution.

Presented the first public demo at Google Campus, Warsaw.

 

DECEMBER 2016

Selected for Tech Crunch Disrupt, London.

 

Invited by Blockchain Money, Blockchain Week, Blockchain Expo, Esummit – IIT Mumbai and many events and conferences.

 

MARCH 2017

Beta Launch in U.K, Nigeria, India & Indonesia

 

JUNE 2017

Developed the most cost efficient system for Bank Transfer settlement between UK & India.

Invited at Keynote in Brussels for EU parliament event, Data Cloud congress, Monaco.

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JULY-AUGUST 2017

Extensively tested for security & usability of the platform, along with growing beta adoption.

12770+

Beta Users

141

Across 141 countries

97

Local Currencies

2110+

Bitcoin used

 

SEP-OCT 2017
New Team Members Added

New Team Members Added Our initial co-founders team was joined by successful entrepreneur, a technology executive and investor Celestine Vettical, who sold his previous company to ….

New Team Members Added Our initial co-founders team was joined by successful entrepreneur, a technology executive and investor Celestine Vettical, who sold his previous company to a Fortune Top 15 company and joined Cashaa as Cofounder Cashaa’s new hires also included experienced bankers from Cashaa’s key markets, including Rakesh Lakhey from the World Bank who joined as VP Sales (Asia), and Simo Mcunu from Rand Merchant Bank and First National Bank, our VP Sales (Africa).

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Formation of Holding company in Estonia

Cashaa chose Estonia to register its holding company and as jurisdiction from which to carry on the Token Generation Event. As one of the most forward-thinking countries with ….

Cashaa chose Estonia to register its holding company and as jurisdiction from which to carry on the Token Generation Event. As one of the most forward-thinking countries with complete digital government program and all the related expertise locally available, as well as with the convenient E-Residency, it was quickly obvious that for a global team like Cashaa, it meets all the needs.

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Preparing for Token Sale

Cashaa prepared everything needed to conduct a user-friendly token generation event which also enabled beginners to participate, by successfully including PayPal and bank payments.….

Cashaa prepared everything needed to conduct a user-friendly token generation event which also enabled beginners to participate, by successfully including PayPal and bank payments. We also made sure to conduct a compliant token generation event by working with one of the world’s leading AML/KYC service providers, and so building the company on a solid foundation.

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NOV-DEC 2017
Token Generation Event

Cashaa’s Token Generation Event was conducted from 6 November – 5 December and had 50,881 participants from 119 countries and raised overall 33.11 Million USD.

JAN-FEB 2018
Developed strict policies for KYC and AML for participants

KYC AML

To build a solid foundation for our company and ensure we would be able to get all required partnerships and regulatory approvals, we developed strict regulatory and compliance checks for all token sale participants ….

To build a solid foundation for our company and ensure we would be able to get all required partnerships and regulatory approvals, we developed strict regulatory and compliance checks for all token sale participants before releasing any tokens. Our KYC process strongly abides by CFT (Combating of Financing of Terrorism), AML (Anti Money Laundering), AIFMD (Alternative Investment Fund Managers Directive), FATCA (Foreign Account Tax Compliance Act) and CRS (Common Reporting Standard). CAS buyer went through strict checks such as sanctions list, credit bureau, United States Enhanced Credit, Transactions Reports, Watch Lists (OFAC, DFAT, EU, etc.), Criminal List, Country specific Sanctions List, Securities Lists, International PEP and Sanction and Financial Lists.

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Awarded Technology Provider of the Year

Small Business Awards 2018

Cashaa has been named “Technology Provider of the Year” at the 7th Small Business Awards in New Delhi, India’s most popular awards show for promising small and emerging businesses to get nationwide recognition and advance to the next level

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MAR-APR 2018
Finalization of Regulatory and Compliance Checks

We finalized our AML/KYC checks – as a result, only 8,507 participants were able to get accepted and obtain CAS tokens. The remaining participants were refunded 14.37 Million USD….

We finalized our AML/KYC checks – as a result, only 8,507 participants were able to get accepted and obtain CAS tokens. The remaining participants were refunded 14.37 Million USD to protect AML and KYC compliance, one of the first token sales to do so, showing an example for the whole industry.

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Audit and Distribution of CAS Token

audit

Aside of the token distribution to all accepted participants, we also audited to make sure all participants have received the required number of tokens.

Token Locking – 365 Million CAS Locked

CAS tokens were locked for the different categories (team, advisors, company, community and entrepreneurship fund) as per the roadmap, with an overall 3-years vesting period with a cliff of 12 months respectively.

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Development of Crypto bank capabilities

Having started to build the next generation banking platform since the end of the Token Generation Event, we have now finalized the development of the Bitcoin and ERC20 capabilities.

Hiring Process for the Cashaa

As we were reaching close to the compliant token distribution our team was interviewed more than 100 bankers, technologist, hackers, managers, executives….

As we were reaching close to the compliant token distribution our team was interviewed more than 100 bankers, technologist, hackers, managers, executives who want to join our mission to realize the Cashaa vision to become a bank for the next billion. By the end of April our team grew to 28 members including professionals from the top 10 banks of the world, including HSBC, Barclays, Bank of America, JP Morgan Chase, Capital One, ICICI and Axis.
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MAY-JUN 2018
OTC Exchange went live

To provide an alternative to existing exchanges to our community, we launched our OTC exchange, enabling users to buy CAS with BTC and ETH, benefit from a 0% fee and from a great customer support 24/7.

European Regulator and Central Bank engagement

We have received appreciation for conducting a compliant token sale and adhering to our strict policy. This has become very clear that the clean and audited source of funds is making Cashaa stand out in front of regulators.….

We have received appreciation for conducting a compliant token sale and adhering to our strict policy. This has become very clear that the clean and audited source of funds is making Cashaa stand out in front of regulators. We are in mature talks with Financial Institutions and are possibly able to secure approvals to launch our service with the Bank of Lithuania or Bank of Slovenia for EUR deposits, whilst our UK lawyers have started the application for Cashaa to become regulated by the FCA. The recent development has helped us structure our detailed regulatory business plan, with the assistance of external regulatory experts.

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Formation of “African Payment Alliance”

Cashaa announced the African Payment Alliance. This alliance brings together mid- and late stage of African financial services companies as an authoritative financial blockchain consortium in Africa….

Cashaa announced the African Payment Alliance. This alliance brings together mid- and late stage of African financial services companies as an authoritative financial blockchain consortium in Africa. The main vision is to use each other’s capability and enhance the blockchain technology developed by Cashaa, which will lead this consortium and has already signed partnerships that put Cashaa in over 40 African countries.

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POC Cashaa banking Services

Populous World

Partnered with Populous World, to start the proof of concept for our business services. Populous World provides an invoice discounting platform….

Proof of Stake Initiated

Cashaa distributed the first monthly installment of 192 Million CAS tokens which got available due to the failure of KYC. The tokens were distributed amongst all token holders in a proportion….

Cashaa distributed the first monthly installment of 192 Million CAS tokens which got available due to the failure of KYC. The tokens were distributed amongst all token holders in a proportion to the tokens held, based on Proof of Stake (PoS). A total of 8,011 addresses were registered for scanning, out of which 7,928 were eligible addresses.
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Cashaa nominated as “Hottest Crypto Finance Project” at TechCrunch

Tech Crunch The Europas

Cashaa has been nominated as the Hottest Crypto Finance Project in TechCrunch’s The Europas Awards 2018, ‘Europe’s most prestigious Tech Awards’.

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JUL-AUG 2018
Selected as Top 3 “Fintech for People” Startup

BBVA

BBVA Open Talent is the biggest Fintech competition in the world, by BBVA — a multinational Spanish banking group selected us in the 10th BBVA Open Talent Awards 2018!

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Testing of Cashaa Compliance API

Cashaa will test its compliance API with a few other companies who have completed their token sale (ICO) to release an API and an e-KYC module which will help businesses to get rid of AML and KYC issues during their token sale.

Launching e-KYC for Business Customer

e-KYC module for Cashaa Business users to on-board business with their community, with Cashaa compliance standard during their ICO. Cashaa will only provide current accounts to these verified businesses….

e-KYC module for Cashaa Business users to on-board business with their community, with Cashaa compliance standard during their ICO. Cashaa will only provide current accounts to these verified businesses and the community members of these businesses. This will help Cashaa to acquire users also from other token sales and companies and help companies to get rid of regulatory checks during their ICO and enjoy a banking facility with Cashaa.
*Launch timings subject to change due to external third party dependencies

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SEP-OCT 2018
Invited at BBVA Headquarters to present its fintech application

BBVA

Presentation and meeting BBVA’s CEO Carlos Torres Vila at the headquarters Ciudad BBVA, together with getting valuable insights from successful entrepreneurs.

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Featured in Money 2020 as top European Fintech project

BBVA

BBVA Open talent team sponsored us to join Las Vegas. We Presented the cryptocurrency industry problem with Cashaa solution- Global multi currency crypto friendly account.

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Assisting businesses to conclude a compliant Token Sale

To the businesses planning a token sale, Cashaa’s business current account services will provide them tools to manage a fully compliant token sale, where Cashaa will help….

To the businesses planning a token sale, Cashaa’s business current account services will provide them tools to manage a fully compliant token sale, where Cashaa will help them do KYC of their customers, collect the proceeds of the ICO in their Cashaa account and provide an end-to-end auditable trail of entire transactions.

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NOV-DEC 2018
Membership plans with fee details are released

Complete feature list with banking and crypto transaction fees and feature list is released for individuals and business to select plan as per their needs.

CMC Wallet went Live

World’s first Compliant Multisig Crypto Wallet with 3 Key architecture and inbuilt transaction monitoring

CAS STAKE started for Individuals and Business

Individuals and Business can start depositing CAS token to take the best suited account plan based on their needs.

JAN-MAR 2019
Licensing and regulatory affairs started

Rebranding the company from P2P Cash transfer service to Asia and Africa (CashAA) into Blockchain banking. PR team started working on updating the corporate messaging while our legal team started the discussion with regulators.

Registration of Business for Beta use

Business can start their due diligence and KYC process after pre-registering for the suitable plan to get international bank account number and other banking services.

APR-JUN 2019
Non custodial crypto wallet

The world’s first user-controlled multisig cryptocurrency wallet with a borderless payment platform. Buy, sell, and store cryptocurrency like Bitcoin, Ethereum, and more and convert into 200 currencies worldwide.

Crypto Trade desk in UK and Europe

Purchase of cryptocurrencies using Mastercard and VISA credit/debit cards and Bank Transfer in GBP and Euro.

CAS migration to Binance Chain

All CAS tokens were migrated from ERC20 to BEP2. Know more.

JUL-SEP 2019
Staking for Quarterly Bonus enabled

Cashaa Banking platform users can choose three different plans to enjoy the benefits of the Cashaa ecosystem and the staking reward. Starting from 50,000 CAS -10 Million. Know more.

Issued UK current account, Powered by Enumis

Online Banking platform for Business to manage fiat and crypto went live. Get a fully licensed UK current account with Mastercard to buy, store, exchange and spend your fiat and crypto worldwide. (50% Discount on onboarding fee if paid in CAS token)

Formation of Pre-compliance team

To speed up the onboarding process and to review the applications rejected by the FCA regulated entity. All the rejected applications will again go through the new process without any additional cost. Know more.

OCT-DEC 2019
Launch of Crypto Trading Platform for India

Access to crypto in India through banking no longer exists, but thanks to our partnerships, unique technology and access to banking networks worldwide we are enabling INR deposit and withdrawals upto 250,000 USD equivalent of INR/ month.

Enabling EURO IBAN Banking, Powered by ZIPP

Euro IBAN banking for our Business customers with SWIFT and SEPA transactions for all companies based anywhere in the world including the USA other than sanctioned countries. (100,000 CAS will be required for onboarding)

Card processing, Powered by Paysafe

Business Customers will be able to access the Visa, Mastercard and another payment network as low as 2.5% transaction fee. (Based on volume, min 100,000 CAS token is required to activate the service)

JAN- JUNE 2020
Integration of Cashaa wallet with Binance Chain
Addition of USDT in our services
US Banking services BETA (Business)
Approval for Integrated Banking Platform
July – Nov 2020
Development of proprietary banking platform
Testing of USA banking services on partner platform

December 2020

Training of existing United employees

Complete the development of CAS integration in the banking platform
Continue development of the USD banking services
Release the broker account in the new banking platform
Hiring and training of operation and support employees for the retail unit for the USA market
H1 2021
USA Business Banking

Development of Cards program
Smart contract deployment of Cashfi (Cashaa Defi)
Release of CashFi v1
H2 2021
Cashaa local bank accounts (India)
Cashaa Earn (India)

Cashaa Bridge
Cashaa Staking (on Polygon)
Cashaa Earn (Worldwide exc. USA)
Cashaa NFT API (Business)
Cashaa NFT Vault
Cashaa Exclusive NFTs
Cashaa Lend (India + worldwide exc. USA)
Cashaa IBAN accounts (Europe)
Cashaa Cards