FinTech Startup: Token
San Francisco, CA
- What it does: Token is a new bank-hosted digital payment type. They provide a suite of software products to banks, software developers, businesses, and consumers that enable them to issue a new payment type designed specifically to make instant, secure transactions locally and worldwide without friction.
- Why it’s hot: This fast, tamper-proof payment type was designed from the ground up with banks in mind, and to be fully compliant. The system processes in milliseconds.
- Customers: Token does business with one large public utility and is following up on over $50B in sales leads.
- Bottomline: Token has created a new, state-of-the-art Internet payment system hosted by select banks that is secure, fast, easy to use, and low cost.