Bank4You initial coin offering (ICO)

Mobile Money Remittance System by Bank4YOU Group



Mobile Money Remittance System - first convergence of cryptocurrencies with mobile network operator’s accounts based on blockchain. The Bank4YOU Group’s own, unique card solutions come packed with a range of state of the art mobile banking services. In addition, easy-to-use mobile Bank4You app at no charge, created by a team of highly-skilled and vastly experienced fin-tech specialists can be downloaded at App Store and Play Market.

3.1
16 16 expert ratings
3.2
3.2
3.1
2.5
View rating distribution
Starts in 1 year ago
2017-11-06 - 2018-03-31
Token
BFY
Type
ERC20
Price in ICO
1 BFY = 0.21 USD
Platform
Accepting
Hard cap
50 000 000 USD
Raised
8118550
ICO start
Nov 6, 2017
ICO end
Mar 31, 2018
More on ICO
Report

About Bank4You ICO

Established in 2013 and headquartered in London, UK, in 2016 Bank4YOU transformed into Bank4YOU Group, an international consortium of fin-tech service companies operating within the electronic mobile payment services arena. FCA License No715451, issued by the UK's Financial Conduct Authority authorizes Bank4YOU to provide credit.
Bank4YOU Group provides customers with a wide range of pre-paid card options as well as other financial solutions. State of the art fin-tech products are developed for people with active lifestyles, such as students, tourists, migrant workers, and frequent travellers.
One of the biggest concerns for most people travelling to another country for extended periods is how to obtain access to banking services without the need to be a resident of that country. Bank4You Group makes it really easy for visitors to make in-country as well as cross-border payments, without the need for proof of residency or a local bank account. Its secure money transfer is based on use of state-of-the-art mobile app.
Bank4You Group now intends to launch its own ICO in order to accelerate the goal of scaling its service rollout across Africa, Asia, and Latin America. Based on current Bitcoin pricing and investments achieved by other similarly sized projects in the same sector, an indicative estimate for the total funding requirement is $10 million. This funding is required to support the company’s expansion into new markets and to develop enhanced services (including consumer micro-loans and the incorporation of Bitcoin and other crypto currencies within its money transfer services). It is expected to drive exponential customer growth, and the company believes it will have a signicant positive impact on its market value.

Bank4You reviews

Berkay Alp
ICO Analyzer
Rated on Nov 13, 2017
3
2
2
2%
Nathan Christian
Blockchain Technology Consultant
Rated on Dec 23, 2017
4
3
3
5%
Henrique Centieiro
Blockchain ICO Project Manager
Rated on Feb 15, 2018
3
4
4
3%
Douglas Lyons
Board Advisor- Early Adoption and Strategic Partnerships
Rated on Mar 18, 2018
3
3
1
10%

I am disapointed this project is attempting to decieve investors by promoting a VISA backed card. Wavecrest lost VISA support back in January, when VISA stated they would no longer support crypto payment systems in any way. Bitpay, cryptopay and bitwala all lost support. I was in contact with a member of the project team and asked 3 times if they had agreements with VISA as implied on their website and whitepaper content. They have gone dark and have not replied after 3 days. I do not think this is a matter of updating marketing materials and I believe this is a puposeful attempt at gaining investor confindence through deception.

Richard Kastelein
ICO Advisor, 50+ ICOs since 2016, Founder and Publisher of Blockchain News, partner Blockchain Partners, founder Cryptoassets Design Group
Rated on Mar 14, 2018
4
3
3
9%

Not sure where you are going to get credit cards since Wavecrest is out of business more or less and VISA and Mastercard have slammed the doors on crypto. Team is good. Remittance space is a bit crowded and I don't see the USP over what's out there now.

Andrey Zolin
ICO Advisor | CTO | Smart contract RD
Rated on Mar 26, 2018
4
4
4
3%
Stephan De Haes
ICO Advisor, Community leader and COO/Co-founder Krypt.ly
Rated on Mar 15, 2018
4
5
4
4%
Warren Whitlock
Blockchain Influencer advising top companies
Rated on Mar 15, 2018
3
5
3
3%
Christian Ng
Entrepreneur | Blockchain | Fundamental Investment Analyst
Rated on Jun 22, 2018
2
2
2
5%

Large market potential but not convinced with the regulatory aspect of the project. Curious why they are promoting their company cards with VISA and how they will work with VISA when they currently has no plans get involved with crypto startups.

Mofassair Hossain
CEO and Founder Perhalic, ICO Advisor, Investor, PR and Marketing Expert
Rated on Mar 21, 2018
3
3
4
10%

will change my rating if this can be solved...
1.Need to show developers and Need some good Advisors on team like experienced one.
2. Add more financial,Marketing planning etc on the wp.
3, overall everything is good. love the vision hope team will update everything soon so that I can change my rating.

Viktor Tabori
Co-founder, CTO
Rated on Mar 21, 2018
4
3
3
3%
Arturas Svirskis
ICO Advisor | Helping Fintech companies with marketing and business development
Rated on Mar 24, 2018
3
3
2
3%
Eugene Podkovyroff
Investor, Decentralized Economics Researcher, Crypto Visionary, FinTech Pro, Startup Mentor and Advisor
Rated on Mar 26, 2018
3
2
1
8%

Team is OK, but the vision and the proposed products seems to be too late to the market. It can take only a small niche is a very competitive payments space, and it will come at cost. I like the idea of helping with remittances, but the product is not nearly as good as even existing competition. Technical solution in the blockchain aspect looks outdated and not optimal. Legal issues are neither sufficiently analysed nor they are adequately disclosed as a source of risk for the ICO investors.

Vlad Skakun
Cryptocurrency Enthusiast | Senior Analyst at Midgard Ventures
Rated on Mar 26, 2018
3
3
4
3%
Arthur Zubkoff
FinTech & Marketing Consultant
Rated on Apr 12, 2018
3
3
1
6%

Pros:
+ Good team
+ Decent media coverage and available documents
+ Lots of partners

Cons:
- No live MVP
- VISA?
- Bunch of competitors; licensing & regulation

PlumBot
ICO Analyzer Bot
Rated on Sep 2, 2018
0
0
0
23%


Experts are independently and voluntarily contributing to the community. If no expert has rated the ICO, only ICO analyzer's results are used. Always research before investing as these ratings should not be taken as an investing guide of any kind.

Ratings and ICO analyzer results are being updated (re-calculated) every few hours.

Bank4You ICO price

Price in ICO

1 BFY = 0.21 USD

Bank4You (BFY) crypto

Bank4You coin

Bank4You token
BFY
Bank4You type
ERC20
Bank4You platform

Bank4You (BFY) value

Tokens for sale
240000000

Bank4You market cap

Bank4You market capitalization
$ 8118550

Bank4You investment info

Accepting
Min. investment
100 USD
Distributed in ICO
80%
Hard cap
50 000 000 USD

Bank4You whitepaper

Bank4You team

Apply as an advisor

Adam Lane

Managing director

Peter Davis

Chief financial officer

Justin McCarthy

Chief marketing officer

Bank4You milestones

1
07.11.2017

WePower idea

2
2013

WePower idea

3
2015

WePower idea

4
2016 Q1

WePower idea

5
2016 Q4

WePower idea

6
2017 Q4

WePower idea

7
2018 Q1

WePower idea

8
2018 Q3

WePower idea

9
2018 Q4

WePower idea

ICOs that might interest you

Platform
4.5

The first decentralized telecom ecosystem that allows mobile network operators, phone users and s...

Mar 20, 2018

OTPPAY is an “Omni Token Platform for Payments”, the Blockchain powered Wallet (Buy | Sell | Exch...

Apr 4, 2018
Health
4

Solve.Care Foundation was established with the mission to decentralize and redefine administratio...

Mar 31, 2018
Platform
4.2

Empowering 7 billion learners to connect to world's top academic education and professional devel...

Jun 4, 2018