ULTIMATELY SAVING YOU TIME & MONEY

WE’RE MAKING BIG MOVES

MEET THE TEAM

Seamlessly issue and settle invoices in real-time.

Quickly and easily schedule payments at your convenience.

A real-time view of cash flow & rapidly identify opportunities and/or risks.

Streamline your invoice process and proactively manage risk.

BENEFITS

COPIES OF AN INVOICE ARE HELD BY BOTH PARTIES

All parties have a copy of the distributed ledger, but with our smart and secure permissioning, only invoice information relevant to each party is visible.  

WHEN A PAYMENT IS MADE EVERYONE IS MADE AWARE

INVOICES CAN BE BOUGHT & SOLD IN THE MARKET

Tallysticks leverages blockchain (distributed ledger) technology, particularly immutable recordkeeping, enhanced data security and smart contracts functionality. This enables businesses to automate the invoicing and the invoice financing processes, making it easier, cheaper, faster and more transparent.

KUSH PATEL – Co-Founder & CEO

ADI BEN-ARI – Co-Founder & CTO

In addition to raising our first round of capital, we’ve also been accepted into the Barclay’s Accelerator powered by Techstars. Out of 700 of applicants, we were one of the few that made the cut.

WORKS WITH YOUR EXISTING ERP SYSTEM

With smart contract technology, the invoice terms are set and connected to the bank payment network. Once the bank confirms payment, invoices are automatically settled for both parties.

Businesses, local or global, can privately offer their invoices for sale on the global factoring marketplace and receive payment based on agreed terms. With our algorithm, investors can dynamically lend by customising settings based their market outlook.

INVOICE FACTORING ON THE BLOCKCHAIN

Tallysticks Invoice Network

Due Dilligence

The nature of distributed ledgers makes it possible to have sufficient information about a company’s transaction history to dynamically lend in a transparent, yet anonymous, manner. Using our customisable credit algorithm, or by plugging-in their own, investors can lend to large and small companies with greater discretion by evaluating the invoice payer’s ability to fulfill payable obligations.

A skillful entrepreneur with solid start-up experience, Kush caught the entrepreneur bug approximately 10 years ago, shortly after a successful career on Wall St. and as a diplomat with the US Government. An outside-the-box thinker with a talent for crafting efficient business strategies, Kush has start-up experience in a range of industries, including: investments, pharmaceuticals and, now, blockchain technology. He holds a B.Sc. in Finance from Miami University (Ohio) and a Master’s degree from Columbia University.

Having previously co-founded Applied Blockchain—a pioneering blockchain solution development consultancy—Adi is a veteran (20+ years) systems architect, developer and project manager with experience at mobile and banking blue chip companies. Co-holder of a mobile payments patent, Adi is an exceptionally well-versed blockchain expert, organiser of blockchain hackathons and sought attendee at various blockchain forums.  He holds a B.Sc. in Computer Science from the University of Bristol and an MBA from Tel-Aviv University.

TIMELINE

Tallysticks is not meant to replace your existing ERP system, which means you don’t have to move the earth to get started. Our software plays nice with your existing system, functioning as a blockchain service layer that connects to your ERP. So, large multinationals and small local businesses can use our system without changing front end systems.

How It Works

We’ve created an immutable recordkeeping framework that establishes a trusted practice amongst transaction participants as well as permissioned third-parties. This recordkeeping documents when, how and if invoice issuances, payments, financing and settlements were performed.

A BETTER WAY IS HERE

         Proudly part of:

The company Completes its first round of funding with investors valuing the company at more than £1 million.

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.

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.

July
2015

September
2015

October
2015

November
2015

December
2015

January
2016

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.

Tallysticks gets voted to be a top 100 European FinTech startup.
The company gets choosen to participate as one of only six startups in the EY Startup Challenge in October 2016

Tallysticks Limited
Level 39
One Canada Square, Canary Wharf, London E14 5AB

© 2016 Tallysticks. All rights reserved.

April
2016

September
2016