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.
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
The idea to connect invoicing to blockchain is born.
System design and development ramps up.
Tallysticks announced at Rise New York. POC completed and Techstars application submitted.
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.
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.
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
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
Series A (target $25m)
Simmons and Simmons