Telo

We let people transact money digitally commission free using smartphones. We've built a product that: 1) Integrates with traditional POS systems. 2) Can interact with an ordinary computer to buy stuff online. It's as simple as swiping up (see our demo: In both the above cases we use ultrasonic data transfer or BLE so people don't have to buy anything they just install the app and its ready to go (merchant too!) 3) Send money to people/split bills & send money abroad to other countries we work in. We use hedging & stuff to make sure people can send money virtually free (there's the bid/offer rate on forex we use the hedges to let us aggregate transactions risk free to get a 4 decimal exchange rate). So people could send $5 overseas and not worry about fees. Even buy stuff online. We plan to make money from data insights, coupons/loyalty schemes, & letting people advertise to buy stuff e.g tv