Real Time Money Transfer for Overseas Workers
TOAST is real time money transfer app that allows migrant workers to remit money back home 24/7 directly from their smart phones without the need to utilise existing banking or remittance infrastructure. Its p2p network of Super Toasters help users who don't live near a remittance outlet or bank branch making the solution widely available even away from traditional financial infrastructure, it just so happens that its also cheap. fast and fun to use. Our vision is to build an app that provides a solution to local problems on a Global scale. We believe we can make money & finance more democratic, more accessible & easier to use. We want to reduce the current friction of interacting with money for the unbanked. At the same time we leverage technology and design to make things more intuitive. We care deeply about cohort analysis and what our customers want, these two things combined give us high ability to make sure our product direction is always calibrated with our users needs.
TOAST is real time money transfer app that allows migrant workers to remit money back home 24/7 directly from their smart phones without the need to utilise existing banking or remittance infrastructure. Its p2p network of Super Toasters help users who don't live near a remittance outlet or bank branch making the solution widely available even away from traditional financial infrastructure, it just so happens that its also cheap. fast and fun to use. Our vision is to build an app that provides a solution to local problems on a Global scale. We believe we can make money & finance more democratic, more accessible & easier to use. We want to reduce the current friction of interacting with money for the unbanked. At the same time we leverage technology and design to make things more intuitive. We care deeply about cohort analysis and what our customers want, these two things combined give us high ability to make sure our product direction is always calibrated with our users needs.
Location: Singapore
Employees: 11-50
Total raised: $2.4M
Founded date: 2015
Investors 3
Funding Rounds 2
| Date | Series | Amount | Investors |
| 10.11.2016 | Series A | $1.5M | Aetius Cap... |
| 09.10.2015 | - | $850K | - |
Mentions in press and media 10
| Date | Title | Description |
| 19.05.2017 | Remtech Providers In Asia You Need To Know | Remtech, the contraction of the words remittance and technology, refers to the use of digital channels and platforms for international money transfers. The increase in use of mobile phones and technology is providing an avenue for fintech d... |
| 11.11.2016 | Toast Secures US$1.5m in Pre-Series A Funding | Toast, a Singaporean peer to peer money transfer application, secured US$1.5m (S$2.09m) in pre-series A funding. The company intends to use the funds to continue to expand operations adding Bangladesh, China, India, Indonesia, and Pakistan ... |
| 10.11.2016 | Singapore: Toast closes $1.5m pre-Series A in round led by Aetius Capital | Premium Singapore-based Toast, a fintech start-up that allows people to make cross-border money transfers directly from a smartphone, announced today that it has secured an additional $1.5 million in funding, among the largest reported pre-... |
| 10.11.2016 | Term Sheet — Thursday, November 10 | ET CETERA Hello from Portugal, where Web Summit is underway. Many of the attendees were bleary-eyed yesterday, having stayed up until 4 a.m. watching the U.S. election results on Tuesday. At the conference, the word “Trump” seems to pepper ... |
| 10.11.2016 | Toast lands $1.5M for cross-border payment services for migrant workers in Asia | Fintech is blowing up in Southeast Asia. Toast, a startup that helps make cross-border payments easier and cheaper for migrant workers living overseas, is the latest to help itself to money from investors. The Singapore-based startup today ... |
| 08.09.2016 | 6 Remittance Startups in Southeast Asia to Know | Remittances can contribute to a big chuck of the GDP of a country, notably in emerging markets. The World Bank estimates that migrants will send up to US$636 billion home in 2017, with three quarter of that amount being remitted to developi... |
| 13.06.2016 | Dubai emergency response startup MUrgency wins 1776 Global Challenge Cup | After a week full of pitch competitions and panel discussions, the third 1776 Global Challenge Cup came to a close on Friday evening at the historic Lincoln Theatre on U Street. MUrgency, a Dubai-based app aimed to democratize emergency res... |
| 09.10.2015 | Daily funding roundup - October 9, 2015 | Segment bagged $27M; Glamsquad raised $15M; SightCall landed $8.4M On Friday Segment, a company that wants to make accessing data as easy as possible across companies announced that it has raised $27 million in a Series B round led by Thriv... |
| 09.10.2015 | Remittance Firm Toast Pivots from Bitcoin, Raises $850,000 | Singapore-based remittance startup Toast, previously known as Cryptosigma, has pivoted away from bitcoin and blockchain technology and reportedly raised $850,000 (S$1.2m) in seed funding. The startup – which seeks to facilitate remittances ... |
| 05.08.2015 | Toast; Low Cost Blockchain-Powered Remittances for the Unbanked Migrant Workers | Toast, a startup that provides remittance services to Singapore’s migrant workers, is using the bitcoin blockchain to make money transfers faster, cheaper and more convenient for all customers. Most migrant workers, who send up to half of t... |