Snapswap

  • FOUNDING YEAR: 2015
    LOCATION:
    Luxembourg
    REGION:
    District de Luxembourg District de Luxembourg
    Last Update:
    Ap, 1809r 2
    Company priority:
    Getting ready for launch!
  • SnapSwap International S.A is a technology platform that develops financial products for onboarding and cross-border payment solutions. The company provides automated and end-to-end payments solutions for onboarding customers from the remote locations. It also offers messenger channels that enable customers to send and receive money to their friends and family members, perform cross-border transactions, split payments and collect funds for group events. SnapSwap is the first company to receive a bitLicense in Europe, allowing it to offer digital payments, remittances, and currency exchange services in the European Union. The bitLicense allows SnapSwap to utilize cryptographic technologies, cryptocurrencies and Internet protocols, such as blockchain and open ledger consensus. Recently, the company selected in SibsPayForward incubator program in April 2017 and it won reward prize in BBVA Open Talent Identity competition in May 2017.
    SnapSwap is a FinTech startup that offers a fully automated online and mobile onboarding solution for banks, insurance companies and the investment industry. All products are compliant with existing and upcoming regulations in Europe as SnapSwap is an authorized Electronic Money Institution (EMI) in Luxembourg. Integrated in a mobile app or a website, Snaprove™ is a fully automated end-to-end process, available 24/7 at a fraction of the cost of manual onboarding. Snaprove™ provides businesses with advanced solutions that satisfy customer's expectations of seamless modern user experience and is compliant with current and upcoming regulations - PSD2, new AML directive, data privacy rules and others. Snaprove™ allows the verification of a customer's identity, collection of KYC data, performance of due diligence and to obtain a legally binding electronic signature.
  • MEDICI analysts will analyze Snapswap soon
    What we are building is based on our own experiences and knowledge of financial services. Take for example the issue of customer onboarding. As a customer, we do not like the way banks and other businesses treat us when we want to open a bank account. The onboarding process is time-consuming, resulting in a negative customer experience. We wanted to develop a solution that would improve this process.
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    FOCUS

    PRODUCTS & SERVICES:
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    MAIN CLIENTS:
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    EXISTING PARTNERSHIPS:
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    COMMENT
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    PRODUCTS & SERVICES:
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    REVENUE MODEL:
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    TOP PROBLEM SOLVED:
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    PRODUCT DEVELOPMENT STAGE
    TMIRRT LAKAE
    KEY DIFFERENTIATORS
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    PRIMARY CUSTOMER TYPE
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    PRODUCT ATTRIBUTES
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    PEOPLE

    FOUNDERS:
    seKisD vleine, aaiPvltav loaaN
    Board Members and Advisors:
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    NUMBER OF EMPLOYEES:
    110-
    INVESTORS:
    BBAV
    KEY EMPLOYEES:
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    FOUNDERS:
    Denis Kiselev
    NUMBER OF EMPLOYEES:
    015-1
    KEY EMPLOYEES:
    CEO: Denis Kiselev
    CTO: Natalia Pavlova
    BOARD MEMBERS:
    Paul Heminger, Georges Schmit
    ADVISORS:
    Raymond Schadeck

    TRACTION

    Insufficient information for accurate analysis
    ANNUAL REVENUE:
    1- 0 90$49kk
    ACTIVE USERS/ACCOUNTS:
    K 2
    LIVE USERS/TRANSACTIONS:
    isiaitepoYln/l,r t
    CHANNEL STATUS
    LMLNPECAIL TESUNH
    NUMBER OF CLIENTS OR PAYING CUSTOMERS:
    5

    MOMENTUM

    FUNDED:
    YES
    TOTAL FUNDING:
    33.K6
    DATE OF LAST FUNDING:
    a y12M70
    SEED & PRIOR FUNDING:
    K3 .63
    SEED CLOSED ON: 1y 70Ma2
    SEED PRIOR FUNDING COMMENT:
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    FUNDING COMPLETED:
    DSEE
    FUNDED:
    EYS
    TOTAL FUNDING:
    is3l.on1 lMi
    LISTED:
    ON
    FUNDING SERIES:
    Seed
    Nov 2016
    l.31nMl soii
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    FOR INVESTORS

    SNAPSWAP VALUE CHAIN - INTERACTIVE SECTOR MAPPING

    TWEETS

    • Don't miss our pitch at 5:30 @BNPParibas booth J23! Find Denis (CEO) and Olivier (BizDev) for f2f meetings after th… https://t.co/vT2OpfNThu
    • We are presenting Snaprove™ at @VivaTech in Paris. Join us at BNP Paribas Lab from 17:30 today #startup #fintech https://t.co/GS6MducR2s
    • It’s official – @MAstartpath welcomed SnapSwap to connect us with knowledge and partners to scale. Learn more https://t.co/3RkTfcxZLK
    • Discussing strategic vision for #fintech ecosystem in #Luxembourg with @pierregramegna #ICTSpring2018 https://t.co/JMGaSpE9ea
    • SnapSwap was excited to run @INGluxembourg marathon with @The_LHoFT & fintech startups 🇱🇺 #allchampions https://t.co/yLE7zbkifQ
    • Pitching Snaprove onboarding solution @MAstartpath Dubai immersion week! #startpathglobal https://t.co/73ppbbFn5N
    • Thank you @SiliconLux for this interview, we are glad to be a new member of your community! https://t.co/BFNLREIahD
    • Presenting Snaprove™ at the panel next-generation services & multidimensional CX in banking @FARADGroup Finance For… https://t.co/Eg7GWYdz16
    • We are happy to announce that we take part in @ING_news FinTech Village accelerator program! #startup #fintech https://t.co/s4MhLK2vLU
    • RT @Flat_Erik: 6 startups selected in #ING @FintechVillage including one from Luxembourg. Congrats @SnapSwap ! @INGLuxembourg @david_rasson…

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