Tallysticks

Who we are

At Tallysticks, we believe that international trade brings the global community together. We feel that trading has become complicated, time-consuming and lacking in trust between parties. It is no longer as simple as it used to be... so we decided to create a better way to trade.

Our aim is to help independent businesses around the world - the backbone of the globe’s economy - to grow.

To help our customers, we’re using software automation and existing banking products to help build trust between trading partners and foster confidence in their trade potential. We’ve simplified the end-to-end trade process by creating a single online tool for documentation, communications and payments. Tallysticks reduces the effort, cost and risk of trade management for independent businesses.

Tallysticks is a Fintech 100 Europe company, a Barclays Techstars Accelerator as well as EY StartUp Challenge graduate. It is a finalist for the BBVA Open Talent and NTT Open Innovation competitions as well as a Simons & Simons FinTech Fund winner.

Key Team Members

The team has a strong history of delivering excellence across financial services and technology - the key for a FinTech to succeed. We apply conventional financial products in an innovative and technology-driven fashion. That's the secret sauce!

CEO: ex-JP Morgan Investment Banker, ex-US Diplomat, ex-Small Business Owner

interim CTO: ex start-up CTO taking a product from ppt presentation to revenue generating product

COO: ex-KPMG Machine Learning Product Manager and ex-Berlin Incubator

Lead Engineer: ex-Ethereum

2015

July 2015
The idea to connect invoicing to blockchain is born.

September 2015
System design and development ramps up.

October 2015
Tallysticks announced at Rise New York. POC completed and Techstars application submitted.

November 2015
A major continental bank contacts Tallysticks to build a blockchain-based supply chain finance solution. Tallysticks later integrates the solution to a mobile payments API to win the Barclays hackathon.

December 2015
Filed four patented processes, including automated custodial transfer & automated transaction settlement. Tallysticks selected into the Barclays Accelerator powered by Techstars from a pool of nearly 700.

2016

Tallysticks completes its first round of funding with investors valuing the company at more than £1 million.
Tallysticks makes traction in the market and has its first beta tester of the solution - a UK glazier
Tallysticks defines and works on the commercial proposition and technical architecture
Tallysticks hires a COO and lines up further pilots

2017

Tallysticks completed further seed funding of £0.5m valuing the company at more than £5m
Tallysticks hires a new CTO and 2 developers
Tallysticks finalises commercial terms for pilots - pilots that are a route to selling the product
Tallysticks secured $10m credit facility to provide trade finance

2018

Beta run
Series A (target $25m)

Awards

Barclays Techstars
FinTech 100
BBVA Open
NTT Data
Simmons and Simmons