tracxn research - blockchain landscape, november 2016

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Page 1: Tracxn Research - Blockchain Landscape, November 2016
Page 2: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016

TracxnWorld’s Largest Startup Research Platform

2

Page 3: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 20163

Contents

Topic Page No.

Scope of Report 04

Entrepreneur Activity 06

Investment Trend 11

Who is Investing 19

Exit Outlook - IPO, Acquisitions 23

Sub Sector Analysis 25

Interesting Companies 43

Useful Links 54

Company List 57

Team 137

Page 4: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 20164

Sector Overview

Scope of Report:

This report is a quantitative analysis on the funding and founding data on 600 companies that are working on the distributed ledgertechnology to optimize business processes for enterprises and create newer peer-to-peer markets for consumers.

Blockchain, the technology underpinning Bitcoin, the cryptocurrency is an ecosystem level solution that has been seen by any as thetechnology possessing the potential to unlock operational efficiencies across businesses in Financial Services, Healthcare, Retail amongothers.

Summary of Insights:

• The year on year companies founded stands at 113 as of September 2016, compared to 193 for 2015, this data point suggests amarket correction in terms of adoption of more realistic use-cases against the panacea sentiment propelled during peak hype levelsof 2015.

• The year on year Dollars invested in Blockchain companies was at $304M as of September 2016, compared to $225M in 2015suggests a bullish investor take on the technology, however, this can also be attributed to new investors’ interest, driven by mediahype.

• The year on year distribution of funding rounds stands at 26/42 (seed/early) as of September 2016, as compared to 25/54 for 2015,with no late stage rounds coming up in both years, this data point suggests that:

• the industry is still in nascent stage which can be alternately explained by founders experimenting with multiple use-cases,thereby increasing the potential for seed stage investments in the space

• while early stage still appears to be stagnant over 2015-16, considering there are 3 months remaining in 2016, this can beattributed to a decrease in number of companies advancing to the next level, accompanied by an increase in new use-cases beingadded to the pipeline.

Page 5: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Team

5

Page 6: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016

2 415

57

208

194

113

0

50

100

150

200

250

2010 2011 2012 2013 2014 2015 2016

Nu

mb

er o

f C

om

pan

ies

6

YoY – Number of companies founded

Ideapod Mirror Ripple PeerNova Blockstream Symbiont FirstBlood Technologies

My Market Partners uTrade Bitfury BitGo Digital Asset Holdings Tech bureau Lab Onchain

Page 7: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 20167

Large Upcoming Sectors

No. of Companies Founded

Average Age

No. of Companies Funded

Business ModelTotal

FundingExample

71 Sep-2014 14 Consumer $25MFirst Blood Technologies

2016, Boston

16 Sep-2014 3 Enterprise > Governance solutions $268KDemocracy Earth Foundation

2012, San Francisco

14 Sep-2014 0 Technology > Blockchain Education -The Distributed Ledger

2016, Nashville

27 Aug-2014 8 Financial services > Investing $3MPeerHood

2016, San Francisco

17 Aug-2014 4 Financial services > Banking $1MMONI

2014, London

17 Jul-2014 9 Financial services > Risk management $24MSkry

2013, Mountain View

15 Jul-2014 4Financial services > Investing > Crowdfunding

$3MWaves Blockchain Tokens

Platform2016, Moscow

13 Jul-2014 3 Consumer > Social networks $4MStatus

2015, Berlin

Page 8: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 20168

Niche Upcoming Sectors

No. of Companies Founded

Average Age

No. of Companies Funded

Business ModelTotal

FundingTracxn Picks

11 May-2015 0 Financial services > Insurance -Soramitsu

2016, Tokyo

10 Apr-2015 1 Consumer > Digital Content $2MDecent

2015, Geneva

9 Jan-2015 1Enterprise > Record Keeping > Electronic Health Records

$250KburstIQ

2015, Denver

7 Jan-2015 1 Consumer > Energy $60KThe Sun Exchange2014, Cape Town

4 Sep-2014 1 Consumer > Gaming platform $6MFirstBlood Technologies

2016, Boston

10 Aug-2014 3Financial services > Risk management > Payments

$21MBitGo

2013, San Francisco

11 Jul-2014 4 Financial services > Trade Finance $3MFluent Network2014, St. Louis

11 Jul-2014 3 Technology > Sidechain $77MBlockstream

2014, San Francisco

Page 9: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 20169

Niche Upcoming Sectors

No. of Companies Founded

Average Age

No. of Companies Funded

Business ModelTotal

FundingTracxn Picks

8 Jul-2014 1 Enterprise > Supply Chain $2MInstaSupply

2014, London

7 Apr-2014 1 Enterprise > Internet Of Things $12MFilament

2012, Reno

9 Jan-2014 3 Financial services > Accounting $3MLove Will Inc

2014, St. Louis

13 Nov-2013 7 Enterprise > Security $13MGuardtime2007, Irvine

7 Apr-2012 3Financial services > Payments > Loyalty & Rewards

$2MLoyyal

2014, San Diego

Page 10: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Team

10

Page 11: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201611

YoY – Number of Rounds and Total Funding

Note: The funding includes debt rounds also.

$8M

$1M

$8M

$137M

$225M

$304M

1

3

10

60

85

72

0

18

36

54

72

90

0

70

140

210

280

350

2010 2012 2013 2014 2015 2016

Nu

mb

er of R

ou

nd

sFu

nd

ing

Am

ou

nt

(in

Mill

ion

s)

Funding Amount Number of Rounds

Page 12: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201612

YoY – Number of Rounds by Stage

2

9

44

54

42

1

10

25

261

0

18

36

54

72

90

2012 2013 2014 2015 2016

Nu

mb

er o

f R

ou

nd

s

Seed Early Late

Page 13: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201613

YoY – Funding by Stage

$1M $8M

$55M$29M

$42M

$80M

$193M

$260M

$83K

0

70

140

210

280

350

2012 2013 2014 2015 2016

Tota

l Fu

nd

ing

Am

ou

nt

(in

Mill

ion

s)

Seed Early Late

Page 14: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201614

Average Ticket Size – Early Stage

$0.4M $1.1M $1.7M$0.8M

$1.5M

$12.4M

$7.7M

$13.7M

$19.9M

$28.5M

0.0

6.0

12.0

18.0

24.0

30.0

2012 2013 2014 2015 2016

Fun

din

g A

mo

un

t (i

n M

illio

ns)

Seed Series A Series B

Page 15: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201615

Top investments in last one year

CompanyFunding Amount

Round Name

Date Investors

digitalasset.comDigital Asset Holdings(New York City, 2014)

$60M Series A Jan-2016ABN AMRO Bank, Accenture, Australian Securities Exchange, BNP Paribas, BroadridgeFinancial Solutions, Citigroup, CME Group, Deutsche, ICAP, J.P. Morgan, Santander InnoVentures, DTCC, PNC Financial Services Group, Goldman Sachs, IBM

blockstream.comBlockstream

(San Francisco, 2014)$55M Series A Feb-2016

Horizons Ventures, AXA Strategic Ventures, Digital Garage, AME Cloud Ventures, Blockchain Capital, Future Perfect Ventures, Khosla Ventures, Mosaic Ventures, 7seasvc.com

ripple.comRipple

(San Francisco, 2012)$55M Series B Sep-2016 Standard Chartered, SBI Holdings, SCB Digital Ventures

juzhen.ioJUZHEN

(Shanghai, 2014)$23M Series A Sep-2016 Wanxiang Group Corporation

aligncommerce.comAlign Commerce

(San Francisco, 2014)$13M Series A Nov-2015

KPCB, Silicon Valley Bank, Pantera Capital, Digital Currency Group, Recruit Strategic Partners

colu.comColu

(Tel Aviv, 2014)$10M Series A Jun-2016 Spark Capital, BoxGroup, Digital Currency Group, Aleph Venture Capital

digitalasset.comDigital Asset Holdings(New York City, 2014)

$7M Series A Jun-2016 Australian Securities Exchange

gem.coGem

(Venice, 2014)$7M Series A Jan-2016

Pelion Venture Partners, KEC Ventures, Blockchain Capital, Digital Currency Group, RRE Ventures, Tekton Ventures, Amplify

Page 16: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201616

Top investments in last one year

CompanyFunding Amount

Round Name

Date Investors

symbiont.ioSymbiont

(New York City, 2015)$7M Series A Jan-2016

techbureau.jpTech bureau Lab

(Osaka, 2015)$6M Series A May-2016

Arara, Infoteria, OKWAVE, Nippon Technology Venture Partners, Money Partners Group, Hiroshima Venture Capital

firstblood.io

FirstBlood Technologies

(Boston, 2016)$6M

Equity Crowdfunding

Sep-2016

augur.netAugur

(San Francisco, 2014)$5M Series A Oct-2015

elliptic.coElliptic

(London, 2014)$5M Series A Mar-2016

Paladin Capital Group, Santander InnoVentures, KRW Schindler Private Ventures, Digital Currency Group, Octopus Ventures

stem.isStem Disintermedia(Los Angeles, 2015)

$5M Seed Apr-2016Upfront Ventures, Vayner/RSE, Three Six Zero, Ludlow Ventures, Blockchain Capital, Third Wave Digital

bubi.cn

Bubi Network Technology

(Beijing, 2015)$4M Seed Aug-2016 QF Capital

ripple.comRipple

(San Francisco, 2012)$4M Series A Oct-2015 Santander InnoVentures

Page 17: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201617

Funnel view of Sector

Percent of Previous

30%

17%

16%

7

5

31

182

601

0 140 280 420 560 700

M&A & IPO

Late

Series B

Series A

Funded

Founded

Number of Companies

Page 18: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Team

18

Page 19: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201619

Most Active Investors in Sector

30

19

12

10 109 9

8 87

0

7

14

21

28

35

Digital CurrencyGroup

BlockchainCapital

Fenbushi Capital RRE Ventures Startupbootcamp Pantera Capital Techstars Boost VC Plug and PlayTech Center

500 Startups

Tota

l Nu

mb

er o

f R

ou

nd

s

itBit itBit Gem itBit Fluent Network Chain Filament Shield128 Eximchain Fluent Network

Filament Gem Factom Gem OneBit Align Commerce Chainalysis MirrorManifold

TechnologyBlockCypher

Page 20: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201620

Where are Top Investors investing

Page 21: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201621

Top Investor by Stage of Entry

Page 22: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Team

22

Page 23: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201623

Major Acquisitions in last one year

Date Company Acquirer Overview

Apr-2016 elevence.comElevence Digital Finance

(Zurich, 2015)digitalasset.com Technology for rights/obligation determination on blockchain

Mar-2016 xapcash.comXAPCASH Technologies

(Vancouver, 2015)blockchaintechltd.com Blockchain based remittance company

Oct-2015 blockstack.ioBlockstack

(San Francisco, 2015)digitalasset.com

Enterprise software stack for financial services to create blockchain 2.0 applications quickly and easily.

Page 24: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Team

24

Page 25: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201625

October 2016Tracxn BlueBox : Blockchain Applications

600 companies in the sector, 181 funded, $530M invested in 2015/2016

Page 26: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201626

Top Business Models by Funding

$327M

$257M

$85M

$22M

0

70

140

210

280

350

Financial services Technology Enterprise Consumer DAO

Tota

l Fu

nd

ing

Am

ou

nt

(in

Mill

ion

s)

# Cos. 191 183 151 71 5

Avg. Age May-14 Apr-14 Apr-14 Sep-14 Jul-15

Ripple Blockstream Filament FirstBlood Technologies MakerDAO

Digital Asset Holdings Bitfury Keybase Augur Chainlab

Page 27: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201627

Financial services – Business Model Description

Page 28: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201628

Financial services – Entrepreneur Activity and Investment Trend

Page 29: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201629

Financial services – Most Funded Companies

Page 30: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201630

Technology – Business Model Description

Page 31: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201631

Technology – Entrepreneur Activity and Investment Trend

Page 32: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201632

Technology – Most Funded Companies

Page 33: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201633

Enterprise – Business Model Description

Page 34: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201634

Enterprise – Entrepreneur Activity and Investment Trend

Page 35: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201635

Enterprise – Most Funded Companies

Page 36: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201636

Consumer – Business Model Description

Page 37: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201637

Consumer – Entrepreneur Activity and Investment Trend

Page 38: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201638

Consumer – Most Funded Companies

Page 39: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201639

DAO – Business Model Description

Page 40: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201640

DAO – Entrepreneur Activity and Investment Trend

Page 41: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201641

DAO – Interesting Companies

Page 42: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Team

42

Page 43: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201643

Interesting Unfunded Companies

Company OverviewBusiness Model

r3cev.comR3

(2013, New York City)

Blockchain technology provider to capital markets Financial services > Trading > Capital markets

dfintech.comDragonfly FinTech(2015, Singapore)

Blockchain based remittance services Financial services > Payments > Money Transfer

polycoin.ioPolycoin

(2014, Tel Aviv)

Blockchain identity and asset transfer solutions for banks Financial services > Risk management > Payments

billoncash.comBillon Cash

(2015, Warsaw)

Digital fiat currency solution provider Financial services > Payments > Digital fiat currency

axoni.comAxoni

(2016, New York City)

Blockchain solutions for capital markets Financial services > Trading > Capital markets

slock.itSlock.it

(2015, Mittweida)

Block chain based IoT smart contract solutionEnterprise > Internet Of Things

credits.visionCredits

(2014, London)

Blockchain enabled platformTechnology > Sidechain

chainreactor.comChainReactor

(2016, Indianapolis)

Blockchain development platform supporting multiple chains Technology > Application development platform

Curated list of companies by the sector analyst are defined as Interesting

Page 44: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201644

Interesting Unfunded Companies

Page 45: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201645

Interesting Unfunded Companies

Page 46: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201646

Interesting Seed Companies

Page 47: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201647

Interesting Seed Companies

Page 48: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201648

Interesting Seed Companies

Page 49: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201649

Interesting Series A Companies

Page 50: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201650

Interesting Series A Companies

Page 51: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201651

Interesting Series B Companies

Page 52: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201652

Top Funded Deadpooled Companies

Page 53: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Team

53

Page 54: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201654

Useful Links

Slide Title Content Platform Link

List of All Companies in readable format Companies Link

Large Upcoming Sectors Entrepreneur Activity Link

Niche Upcoming Sectors Entrepreneur Activity Link

Top investments in last one year Investment Trend Link

Top IPOs in last three years Exit Outlook - IPO, Acquisitions Link

Major Acquisitions in last one year Exit Outlook - IPO, Acquisitions Link

Financial Services – Most Funded Companies Sub Sector Understand Link

Enterprise – Most Funded companies Sub Sector Understand Link

Technology – Most Funded Companies Sub Sector Understand Link

Consumer – Most Funded Companies Sub Sector Understand Link

Top Funded Deadpooled Companies Companies Link

https://tracxn.com/theme/feedview/55310836e4b0082283957b6f#%7Csort%3DtotalMoneyRaised%7CbusinessModel%3D565c36cee4b0d646e0fb315b%3AFinancial%20services%2C565d389ae4b03d22fb3e81cc%3AFinancial%20services%20-%20Payments%2C565d3a5ce4b01fcdcda63f0d%3AFinancial%20services%20-%20Trading%2C56604497e4b04c3365bfbb0e%3AFinancial%20services%20-%20Trading%20-%20Capital%20markets%2C5661706de4b0a6e97ece0669%3AFinancial%20services%20-%20Investing%2C566171a2e4b0a6e97ece06a2%3AFinancial%20services%20-%20Investing%20-%20Wealth%20Management%2C5661775ae4b030508478a200%3AFinancial%20services%20-%20Investing%20-%20Crowdfunding%2C566546a7e4b017eeb445a2a0%3AFinancial%20services%20-%20Risk%20management%2C5667fce4e4b0b611d3c7c4bc%3AFinancial%20services%20-%20Payments%20-%20Microtransactions%2C56680a36e4b0b611d3c7c64f%3AFinancial%20services%20-%20Payments%20-%20Money%20Transfer%2C56682012e4b0716ca7d5579c%3AFinancial%20services%20-%20Payments%20-%20Loyalty%20%26%20Rewards%2C56682122e4b0b611d3c7c8f0%3AFinancial%20services%20-%20Trading%20-%20White%20label%20Exchanges%2C566ad0f2e4b0a8e7d0010a4f%3AFinancial%20services%20-%20Banking%2C5673e7b1e4b001302444d781%3AFinancial%20services%20-%20Investing%20-%20Private%20Equity%20marketplace%20%2C56b9c3fde4b0668439a52ec6%3AFinancial%20services%20-%20Insurance%2C56b9c40be4b0668439a52ecc%3AFinancial%20services%20-%20Insurance%20-%20P2P%20Insurance%2C5723261fe4b07dfdd17ad081%3AFinancial%20services%20-%20Trading%20-%20Capital%20markets%20-%20OTC%20Trading%2C573c1309e4b0b7094f55944b%3AFinancial%20services%20-%20Risk%20management%20-%20Insurance%20Fraud%2C573d7173e4b043601782cce8%3AFinancial%20services%20-%20Risk%20management%20-%20Payments%2C57ab3c48e4b019e702b51242%3AFinancial%20services%20-%20Accounting%2C57ba9167e4b05a07223020d3%3AFinancial%20services%20-%20Investing%20-%20Crowdfunding%20-%20Transparent%20Donations%2C57e8b414e4b0f865f018f927%3AFinancial%20services%20-%20Trading%20-%20P2P%20Trading%2C57eb632de4b0b5cd6ca6a5ae%3AFinancial%20services%20-%20Trade%20Finance%7Corder%3DDEFAULT
Page 56: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Team

56

Page 57: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201657

Blockchain – Company List

Financial services Technology Enterprise Consumer DAO

181 FUNDED COMPANIES AND 419 UNFUNDED COMPANIES

COVERS THE FOLLOWING SECTORS

Page 58: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201658

Financial services (1/25)Company Overview Business Model Total Funding

Satoshi Portal(2015, Montreal)

Online Bitcoin retailer and exchanger.

capitalDIGI(2013, Eastbourne)

Digital currency servicesLevel39

Proof of Purpose(2016, London)

Blockchain solutions for humanitarian aid transfers, micro-lending, identity and donations.

ANX International(2013, Hong Kong)

Blockchain based FinTech services

Love Will Inc(2014, St. Louis)

Blockchain payments and B2B commerce solutionsAccounting $2.51M

Libra(2014, San Francisco)

Compliance and audit solution for blockchain platforms.Liberty City Ventures Accounting $500K

Tallysticks(2015, London)

Blockchain invoicing solution providerTechstars, Barclays Accelerator Accounting

BitPOS(2013, Sydney)

Bitcoin payments solutionsAccounting

Go to BM List >> Technology

Page 59: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201659

Financial services (2/25)Company Overview Business Model Total Funding

Balanc3(2015, New York City)

Smart contract powered triple-entry accounting systemAccounting

Nordledger(2015, Helsinki)

Business contract execution platform on the blockchainAccounting

Paycer(2015, Los Angeles)

Smart AccountsAccounting

JACCOO(2011, Amsterdam)

Blockchain powered B2B banking solutions over cloudAccounting

Block Billing(2015, London)

Billing on the BlockchainAccounting

MONI(2014, London)

Micro-banking service providerFormation 8, Maxfield Capital, Digital Currency Group, Maxfield Capital Banking $1.45M

Remitt(2015, London)

Blockchain platform to develop financial applicationsBanking

Thought Machine(2014, London)

Blockchain-based core banking engine offered through SaaSBanking

Go to BM List >> Technology

Page 60: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201660

Financial services (3/25)Company Overview Business Model Total Funding

Thought Machine(2014, London)

Digital bank vault using big data and Machine learningBanking

Secco Bank(2015, London)

Mobile-first digital bankBanking

The Vault Bank(2016, Amsterdam)

Blockchain based banking service providerBanking

Blockbond(2015, Kristiansand)

Mobile app for banking and payments.Banking

OneBit(2015, Singapore)

Bitcoin based mobile payment and remittance service providerStartupbootcamp Banking

Paycase(2014, Toronto)

Universal banking platform that leverages blockchain technologyCrypto Capital Banking

Zerobillbank(2014, Tel Aviv)

Private banking systems based on alternative currenciesBanking

Zariant(2016, London)

Online platform to provide banking services.Banking

Go to BM List >> Technology

Page 61: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201661

Financial services (4/25)

Go to BM List >> Technology

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Blockchain Report – November 201662

Financial services (5/25)

Go to BM List >> Technology

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Blockchain Report – November 201663

Financial services (6/25)

Go to BM List >> Technology

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Blockchain Report – November 201664

Financial services (7/25)

Go to BM List >> Technology

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Blockchain Report – November 201665

Financial services (8/25)

Go to BM List >> Technology

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Blockchain Report – November 201666

Financial services (9/25)

Go to BM List >> Technology

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Blockchain Report – November 201667

Financial services (10/25)

Go to BM List >> Technology

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Blockchain Report – November 201668

Financial services (11/25)

Go to BM List >> Technology

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Blockchain Report – November 201669

Financial services (12/25)

Go to BM List >> Technology

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Blockchain Report – November 201670

Financial services (13/25)

Go to BM List >> Technology

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Blockchain Report – November 201671

Financial services (14/25)

Go to BM List >> Technology

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Blockchain Report – November 201672

Financial services (15/25)

Go to BM List >> Technology

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Blockchain Report – November 201673

Financial services (16/25)

Go to BM List >> Technology

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Blockchain Report – November 201674

Financial services (17/25)

Go to BM List >> Technology

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Blockchain Report – November 201675

Financial services (18/25)

Go to BM List >> Technology

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Blockchain Report – November 201676

Financial services (19/25)

Go to BM List >> Technology

Page 77: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201677

Financial services (20/25)

Go to BM List >> Technology

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Blockchain Report – November 201678

Financial services (21/25)

Go to BM List >> Technology

Page 79: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201679

Financial services (22/25)

Go to BM List >> Technology

Page 80: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201680

Financial services (23/25)

Go to BM List >> Technology

Page 81: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201681

Financial services (24/25)

Go to BM List >> Technology

Page 82: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201682

Financial services (25/25)

Go to BM List >> Technology

Page 83: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201683

Technology (1/24)

Financial

services<< Go to BM List >> Enterprise

Page 84: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201684

Technology (2/24)

Financial

services<< Go to BM List >> Enterprise

Page 85: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201685

Technology (3/24)

Financial

services<< Go to BM List >> Enterprise

Page 86: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201686

Technology (4/24)

Financial

services<< Go to BM List >> Enterprise

Page 87: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201687

Technology (5/24)

Financial

services<< Go to BM List >> Enterprise

Page 88: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201688

Technology (6/24)

Financial

services<< Go to BM List >> Enterprise

Page 89: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201689

Technology (7/24)

Financial

services<< Go to BM List >> Enterprise

Page 90: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201690

Technology (8/24)

Financial

services<< Go to BM List >> Enterprise

Page 91: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201691

Technology (9/24)

Financial

services<< Go to BM List >> Enterprise

Page 92: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201692

Technology (10/24)

Financial

services<< Go to BM List >> Enterprise

Page 93: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201693

Technology (11/24)

Financial

services<< Go to BM List >> Enterprise

Page 94: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201694

Technology (12/24)

Financial

services<< Go to BM List >> Enterprise

Page 95: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201695

Technology (13/24)

Financial

services<< Go to BM List >> Enterprise

Page 96: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201696

Technology (14/24)

Financial

services<< Go to BM List >> Enterprise

Page 97: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201697

Technology (15/24)

Financial

services<< Go to BM List >> Enterprise

Page 98: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201698

Technology (16/24)

Financial

services<< Go to BM List >> Enterprise

Page 99: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 201699

Technology (17/24)

Financial

services<< Go to BM List >> Enterprise

Page 100: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016100

Technology (18/24)

Financial

services<< Go to BM List >> Enterprise

Page 101: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016101

Technology (19/24)

Financial

services<< Go to BM List >> Enterprise

Page 102: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016102

Technology (20/24)

Financial

services<< Go to BM List >> Enterprise

Page 103: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016103

Technology (21/24)

Financial

services<< Go to BM List >> Enterprise

Page 104: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016104

Technology (22/24)

Financial

services<< Go to BM List >> Enterprise

Page 105: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016105

Technology (23/24)

Financial

services<< Go to BM List >> Enterprise

Page 106: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016106

Technology (24/24)

Financial

services<< Go to BM List >> Enterprise

Page 107: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016107

Enterprise (1/19)

Technology << Go to BM List >> Consumer

Page 108: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016108

Enterprise (2/19)

Technology << Go to BM List >> Consumer

Page 109: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016109

Enterprise (3/19)

Technology << Go to BM List >> Consumer

Page 110: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016110

Enterprise (4/19)

Technology << Go to BM List >> Consumer

Page 111: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016111

Enterprise (5/19)

Technology << Go to BM List >> Consumer

Page 112: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016112

Enterprise (6/19)

Technology << Go to BM List >> Consumer

Page 113: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016113

Enterprise (7/19)

Technology << Go to BM List >> Consumer

Page 114: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016114

Enterprise (8/19)

Technology << Go to BM List >> Consumer

Page 115: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016115

Enterprise (9/19)

Technology << Go to BM List >> Consumer

Page 116: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016116

Enterprise (10/19)

Technology << Go to BM List >> Consumer

Page 117: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016117

Enterprise (11/19)

Technology << Go to BM List >> Consumer

Page 118: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016118

Enterprise (12/19)

Technology << Go to BM List >> Consumer

Page 119: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016119

Enterprise (13/19)

Technology << Go to BM List >> Consumer

Page 120: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016120

Enterprise (14/19)

Technology << Go to BM List >> Consumer

Page 121: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016121

Enterprise (15/19)

Technology << Go to BM List >> Consumer

Page 122: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016122

Enterprise (16/19)

Technology << Go to BM List >> Consumer

Page 123: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016123

Enterprise (17/19)

Technology << Go to BM List >> Consumer

Page 124: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016124

Enterprise (18/19)

Technology << Go to BM List >> Consumer

Page 125: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016125

Enterprise (19/19)

Technology << Go to BM List >> Consumer

Page 126: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016126

Consumer (1/9)

Enterprise << Go to BM List >> DAO

Page 127: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016127

Consumer (2/9)

Enterprise << Go to BM List >> DAO

Page 128: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016128

Consumer (3/9)

Enterprise << Go to BM List >> DAO

Page 129: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016129

Consumer (4/9)

Enterprise << Go to BM List >> DAO

Page 130: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016130

Consumer (5/9)

Enterprise << Go to BM List >> DAO

Page 131: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016131

Consumer (6/9)

Enterprise << Go to BM List >> DAO

Page 132: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016132

Consumer (7/9)

Enterprise << Go to BM List >> DAO

Page 133: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016133

Consumer (8/9)

Enterprise << Go to BM List >> DAO

Page 134: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016134

Consumer (9/9)

Enterprise << Go to BM List >> DAO

Page 135: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016135

DAO

Consumer << Go to BM List

Page 136: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016

Scope of Report

Entrepreneur Activity

Investment Trend

Who is Investing

Exit Outlook - IPO, Acquisitions

Sub Sector Analysis

Interesting Companies

Useful Links

Company List

Team

136

Page 137: Tracxn Research - Blockchain Landscape, November 2016

Blockchain Report – November 2016137

Team

Tarun Bansal,

Lead Analyst, Fin Tech

Aman Trivedi,

Analyst, Fin Tech