Roadmap

With help from our teams, contributors and investors these are the milestones we have achieved so far and milestones that we are looking forward to achieve

APRIL 2016

Developed MVP BTC2BID, a P2P Concept for Bitcoin Exchange

Raised the seed round

JUNE 2016

Cashaa Limited founded in London, UK

3000+ traders joined in the first 90 days

OCTOBER 2016

Selected at Level 39 Technology Accelerator

Partnered with Coinfirm, to inbuilt a strong compliance solution.

Presented the first public demo at Google Campus, Warsaw.

DECEMBER 2016

Selected for Tech Crunch Disrupt, London.


Invited by Blockchain Money, Blockchain Week, Blockchain Expo, Esummit - IIT Mumbai and many events and conferences.

MARCH 2017

Beta Launch in U.K, Nigeria, India & Indonesia

JUNE 2017

Developed the most cost efficient system for Bank Transfer settlement between UK & India.

Invited at Keynote in Brussels for EU parliament event, Data Cloud congress, Monaco.

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JULY-AUGUST 2017

Extensively tested for security & usability of the platform, along with growing beta adoption.

12770+

Beta Users

141

Across 141 countries

97

Local Currencies

2110+

Bitcoin used

SEP-OCT 2017
New Team Members Added

New Team Members Added Our initial co-founders team was joined by successful entrepreneur, a technology executive and investor Celestine Vettical, who sold his previous company to ....

New Team Members Added Our initial co-founders team was joined by successful entrepreneur, a technology executive and investor Celestine Vettical, who sold his previous company to a Fortune Top 15 company and joined Cashaa as Cofounder Cashaa’s new hires also included experienced bankers from Cashaa’s key markets, including Rakesh Lakhey from the World Bank who joined as VP Sales (Asia), and Simo Mcunu from Rand Merchant Bank and First National Bank, our VP Sales (Africa).

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Formation of Holding company in Estonia

Cashaa chose Estonia to register its holding company and as jurisdiction from which to carry on the Token Generation Event. As one of the most forward-thinking countries with ....

Cashaa chose Estonia to register its holding company and as jurisdiction from which to carry on the Token Generation Event. As one of the most forward-thinking countries with complete digital government program and all the related expertise locally available, as well as with the convenient E-Residency, it was quickly obvious that for a global team like Cashaa, it meets all the needs.

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Preparing for Token Sale

Cashaa prepared everything needed to conduct a user-friendly token generation event which also enabled beginners to participate, by successfully including PayPal and bank payments.....

Cashaa prepared everything needed to conduct a user-friendly token generation event which also enabled beginners to participate, by successfully including PayPal and bank payments. We also made sure to conduct a compliant token generation event by working with one of the world’s leading AML/KYC service providers, and so building the company on a solid foundation.

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NOV-DEC 2017
Token Generation Event

Cashaa’s Token Generation Event was conducted from 6 November – 5 December and had 50,881 participants from 119 countries and raised overall 33.11 Million USD.

JAN-FEB 2018
Developed strict policies for KYC and AML for participants
KYC AML

To build a solid foundation for our company and ensure we would be able to get all required partnerships and regulatory approvals, we developed strict regulatory and compliance checks for all token sale participants ....

To build a solid foundation for our company and ensure we would be able to get all required partnerships and regulatory approvals, we developed strict regulatory and compliance checks for all token sale participants before releasing any tokens. Our KYC process strongly abides by CFT (Combating of Financing of Terrorism), AML (Anti Money Laundering), AIFMD (Alternative Investment Fund Managers Directive), FATCA (Foreign Account Tax Compliance Act) and CRS (Common Reporting Standard). CAS buyer went through strict checks such as sanctions list, credit bureau, United States Enhanced Credit, Transactions Reports, Watch Lists (OFAC, DFAT, EU, etc.), Criminal List, Country specific Sanctions List, Securities Lists, International PEP and Sanction and Financial Lists.

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Awarded Technology Provider of the Year
Small Business Awards 2018

Cashaa has been named “Technology Provider of the Year” at the 7th Small Business Awards in New Delhi, India’s most popular awards show for promising small and emerging businesses to get nationwide recognition and advance to the next level

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MAR-APR 2018
Finalization of Regulatory and Compliance Checks

We finalized our AML/KYC checks - as a result, only 8,507 participants were able to get accepted and obtain CAS tokens. The remaining participants were refunded 14.37 Million USD....

We finalized our AML/KYC checks - as a result, only 8,507 participants were able to get accepted and obtain CAS tokens. The remaining participants were refunded 14.37 Million USD to protect AML and KYC compliance, one of the first token sales to do so, showing an example for the whole industry.

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Audit and Distribution of CAS Token
audit

Aside of the token distribution to all accepted participants, we also audited to make sure all participants have received the required number of tokens.

Token Locking – 365 Million CAS Locked

CAS tokens were locked for the different categories (team, advisors, company, community and entrepreneurship fund) as per the roadmap, with an overall 3-years vesting period with a cliff of 12 months respectively.

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Development of Crypto bank capabilities

Having started to build the next generation banking platform since the end of the Token Generation Event, we have now finalized the development of the Bitcoin and ERC20 capabilities.

Hiring Process for the Cashaa Bank

As we were reaching close to the compliant token distribution our team was interviewed more than 100 bankers, technologist, hackers, managers, executives....

As we were reaching close to the compliant token distribution our team was interviewed more than 100 bankers, technologist, hackers, managers, executives who want to join our mission to realize the Cashaa vision to become a bank for the next billion. By the end of April our team grew to 28 members including professionals from the top 10 banks of the world, including HSBC, Barclays, Bank of America, JP Morgan Chase, Capital One, ICICI and Axis.
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MAY-JUN 2018
OTC Exchange went live

To provide an alternative to existing exchanges to our community, we launched our OTC exchange, enabling users to buy CAS with BTC and ETH, benefit from a 0% fee and from a great customer support 24/7.

European Regulator and Central Bank engagement

We have received appreciation for conducting a compliant token sale and adhering to our strict policy. This has become very clear that the clean and audited source of funds is making Cashaa stand out in front of regulators.....

We have received appreciation for conducting a compliant token sale and adhering to our strict policy. This has become very clear that the clean and audited source of funds is making Cashaa stand out in front of regulators. We are in mature talks with Financial Institutions and are possibly able to secure approvals to launch our service with the Bank of Lithuania or Bank of Slovenia for EUR deposits, whilst our UK lawyers have started the application for Cashaa to become regulated by the FCA. The recent development has helped us structure our detailed regulatory business plan, with the assistance of external regulatory experts.

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Formation of “African Payment Alliance”

Cashaa announced the African Payment Alliance. This alliance brings together mid- and late stage of African financial services companies as an authoritative financial blockchain consortium in Africa....

Cashaa announced the African Payment Alliance. This alliance brings together mid- and late stage of African financial services companies as an authoritative financial blockchain consortium in Africa. The main vision is to use each other’s capability and enhance the blockchain technology developed by Cashaa, which will lead this consortium and has already signed partnerships that put Cashaa in over 40 African countries.

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Onboarded Business users for Cashaa Services
Populous World Boontech

Cashaa onboarded its first 2 business customers, Populous World and Boon Tech, with whom we started beta testing our business services. Populous World provides an invoice discounting platform....

Cashaa onboarded its first 2 business customers, Populous World and Boon Tech, with whom we started beta testing our business services. Populous World provides an invoice discounting platform, whereas Boontech is a blockchain- and AI powered decentralized job marketplace. With Populous World as our first business customer for compliance application for crypto business, where our systems verified more than 1352 users of Populous. These partnerships will give Cashaa access to the user bases of 2 fast-growing companies and industries.

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Proof of Stake Initiated

Cashaa distributed the first monthly installment of 192 Million CAS tokens which got available due to the failure of KYC. The tokens were distributed amongst all token holders in a proportion....

Cashaa distributed the first monthly installment of 192 Million CAS tokens which got available due to the failure of KYC. The tokens were distributed amongst all token holders in a proportion to the tokens held, based on Proof of Stake (PoS). A total of 8,011 addresses were registered for scanning, out of which 7,928 were eligible addresses.
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Cashaa nominated as “Hottest Crypto Finance Project” at TechCrunch
Tech Crunch

Cashaa has been nominated as the Hottest Crypto Finance Project in TechCrunch’s The Europas Awards 2018, ‘Europe’s most prestigious Tech Awards’.

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JUL-AUG 2018
Pre-registration for Cashaa banking waitlist

Individuals and Business will able to sign up for the new generation bank account to keep national and crypto currency in the same account.

Testing of Cashaa Compliance API

Cashaa will tests its compliance API with a few other companies who have completed their token sale (ICO) to release an API and an e KYC module which will help business to get rid of AML and KYC issues during their token sale.

Launching e-KYC for Business Customer

e-KYC module for Cashaa Business users to on-board business with their community, with Cashaa compliance standard during their ICO. Cashaa will only provide bank accounts to these verified businesses....

e-KYC module for Cashaa Business users to on-board business with their community, with Cashaa compliance standard during their ICO. Cashaa will only provide bank accounts to these verified businesses and the community members of these businesses. This will help Cashaa to acquire users also from other token sales and companies and help companies to get rid of regulatory checks during their ICO and enjoy a banking facility with Cashaa.
*Launch timings subject to change due to external third party dependencies

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Development of Crypto Wallet

The team will start integrating the crypto functionality and Compliance standards to build the Crypto bank with BTC, ETH and CAS functionality.

Integration of International Banking System

The team will start working on enabling Banking account in EUR and GBP for its Business and individual customers.

*Launch timings subject to change due to external third party dependencies

Exchange Listing

Two exchange will list CAS, to trade CAS token with BTC, ETH, TRN, XRP, LTC and other pairs

SEP-OCT 2018
Release of Cryptocurrency Wallet

Crypto newbie or expert crypto trader, the Cashaa Wallet gives you a full range of security features ensuring that you can buy, spend or transfer your funds with ease anywhere in the world...

Crypto newbie or expert crypto trader, the Cashaa Wallet gives you a full range of security features ensuring that you can buy, spend or transfer your funds with ease anywhere in the world. The wallet will come with detailed transaction reporting structure and portfolio management tools.

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Assisting Business to conclude Compliant Token Sale

To the businesses planning a token sale, Cashaa’s business bank account services will provide them tools to manage a fully compliant token sale, where Cashaa will help....

To the businesses planning a token sale, Cashaa’s business bank account services will provide them tools to manage a fully compliant token sale, where Cashaa will help them do KYC of their customers, collect the proceeds of the ICO in their Cashaa account and provide end-to-end auditable trail of entire transactions.

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NOV-DEC 2018
Launch of new generation Banking Services

Cashaa Services will be open to any business or individual resident of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland....

Cashaa Services will be open to any business or individual resident of Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, Spain and United Kingdom. The user will able to open multi-currency account in EUR, GBP, BTC, ETH and CAS.
*Launch timings subject to change due to external third party dependencies

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International Transfer FX Transfer

Enabling International Transfers and FX service

Cashaa accounts will be able to send money to any other bank account around the world using all regulated mediums such as SEPA, SWIFT, FPS, CHAPS as well as on Bitcoin network.

*Launch timings subject to change due to external third party dependencies

Debit and Prepaid cards

Cashaa customers will get debit cards linked to their account which can be used to withdraw cash from an ATM, swipe on POS machines and use for online shopping...

Cashaa customers will get debit cards linked to their account which can be used to withdraw cash from an ATM, swipe on POS machines and use for online shopping. Cards will be linked to your account and will enable you to spend any currency or crypto in your account.
*Launch timings subject to change due to external third party dependencies

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JAN-FEB 2019
Blockchain asset backed loan for Individual or Business
Blockchain Asset Backed Loan

Today when a user or business holding crypto assets is in need of funds to fulfil some short-term obligation, he has to sell his crypto holdings and erodes the growth potential...

Today when a user or business holding crypto assets is in need of funds to fulfil some short-term obligation, he has to sell his crypto holdings and erodes the growth potential of that asset, to ensure that this does not happen to Cashaa users, we will provide short term loans against the crypto balances held by the customer to fulfil his requirement of local currency without liquidating their holdings.

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Credit line for Business Users
Credit Line

Cashaa business users will able to apply for the credit line to run their day to day operations against their crypto holdings.

MAR-APR 2019
Starting Payroll Services for Business Users
Payroll Services

Businesses have diverse banking requirements like processing payroll for employees, manage vendor payments, Cashaa plans to bring a full-fledged business banking suite to our business account fulfilling these requirements and much more


*This Roadmap may change in terms of priorities and timeline based on changing market conditions business opportunities and threats. We are also constantly doing hiring to put as much as parallel teams to work on milestones and features, please visit our career page if you want to help cashaa by joining our team



Cashaa’s statements regarding its plans, directions and intent in connection with the Europe, UK and India are subject to local laws, regulations and obtaining the necessary regulatory approvals and authorisations. Information on this website is subject to change or withdrawal without notice at Cashaa’s sole discretion. Information on this website is intended to outline our general product direction and it should not be relied on in making a purchasing decision. This information is not an offer, commitment, promise or legal obligation to deliver any material, code or functionality. Information about potential future products in the Europe or any other market may not be incorporated into any future contract. The development, release and timing of any release in any of the planned market remains at the sole discretion of Cashaa.