KYC passing required Yes | Whitelist Yes | Restriction for countries Canada,Gibraltar,USA
|Minimal investment||1000 EUR|
The KABN Network is an integrated suite of financial services that includes the Pegasus Flyte Visa Card, an approved digital currency-linked prepaid Visa card and multi-currency banking wallet; KABN KASH, a robust loyalty and engagement program and the network anchor, KABN ID, a patent pending, Always On, GDPR compliant, blockchain and biometric based, identity verification and validation platform. KABN ID is a free to use service for consumers and provides continuous monitoring and proof of identity online and in conventional marketplaces.
KABN STO search trends in Google
The Neo-Bank Advantage
Fundraising with Ethereum Tokens
The Burden of International Compliance
The Trend to Prepaid Debit
Increasing Lifetime Value
About the KABN Team
Founders & Officers
Appendix A: The KABN Suite
Appendix B: Technological Privacy Compliance Considerations
Appendix C: Lists of KABN ID Benefits, Advantages, & Features
Appendix D: KABN US Patent Application Filing
This Company Overview Summary (“COS”) has been prepared by KABN (Gibraltar)
effectively, “KABN” or...
in connection with it, or any omission from this COS, nor as to the attainability of any estimates, forecasts or projections set out in
This COS is provided expressly on the basis that you will carry out your own independent inquiries into the matters contained in
the COS and make your own independent decisions about the business, operations, affairs, financial position or prospects of the
Company. The Company reserves the right to update, amend or supplement the information contained in this COS at any time in
its absolute discretion (without incurring any obligation to do so) without any obligation to advise you or any such update,
amendment or supplement. The Company expressly undertakes no obligation to revise or update this COS and it is the
responsibility of the recipient to ensure that they have received the most recent distributed COS. The delivery of this COS shall not,
under any circumstances, create any implication that there has been no change in the business operations, affairs, financial
KABN is a neo financial service platform servicing Millennial and Gen-X retail investors. The
Company offers cost-effective compliance services in exchange for acquiring leads to issue
Visa card accounts and access to the corresponding KABN banking wallet. KABN monetizes
card holders through card transaction fees as well as through loyalty and affiliate
KABN launched its flagship product in December 2018, a bank-grade,
verification and validation compliance solution with international support. KABN has created a
“B2B2C” infrastructure and patent
-pending technology allowing clients and consumers to take
actions, in management’s opinion that formerly required complex and time
attestation, and instead leverage turn-key Smart Contract registries.
Company management believes that KABN fulfills the growing need for compliance solutions
for next generation financial technology startups, exchanges, security t...
startups capitalizing on this opportunity.
In addition, crypto investors funded another 202
fintech Security Token Offerings (STO) projects in the past two years.
The Neo-Bank Advantage
The term neo bank refers to web-based banks which provide financial services through web
and mobile applications. These Neo banks often function without physical offices or branches.
In return for automating and optimizing service, Neo banks may pass a portion of the resulting
savings back to the customer through reduced fees or increased interest rates.
The advantage of neo banks is their ability to leverage technology to optimize incumbent bank
processes. By limiting customer interactions to self-serve digital products, management
contends financial services companies can dramatically reduce headcount. Success stories
Monzo, based in the United Kingdom self-reported 750,000 customers and only 300
Robinhood, a United States brokera...
Fundraising with Ethereum Tokens
In 2014, the Ethereum Foundation raised ~31,500 BTC ($18 million at the time) in the first
public crypto-asset crowd sale, setting the record for the biggest one-time crowdfunding
initiative of the Internet Age
. Participating in the Ether crowdsale turned out to be one of the
largest short-term wealth-generating events in history, creating a broad class of investors
willing and interested in investing in a new generation of applications built with this
technology. The generally acknowledged success of crypto-asset public fundraising, in
addition to the simple replicability of token deployment, has led to an onward going
enthusiasm in token-based fundraising.
As of July 2018, over 100,000 of ERC20-compatible tokens have been provisioned on the
Ethereum main network. The inflection point where STO and STO funding began outpacing
blockchain venture investments coincided with Ethereum’s mainnet launch. Before Ethereum,
there was less than $100 million...
Management has determined that existing compliance and customer onboarding is often
manual, time-intensive, and costly. In-house compliance programs are typically inadequate
and/or data gathered is incomplete, inaccurate or unverified. Third-party services and
compliance experts may be too expensive for issuers that are required to perform compliance
in order to raise capital. For transactions related to international blockchain-based offerings,
many issuers are unfamiliar with global regulations outside of their jurisdiction.
In some cases, issuers do not comply with U.S. Securities and Exchange Commission (SEC)
regulations and have improperly sold tokens into the US market without an exemption to
registration. Over the course of 2018 the SEC significantly increased the scope and instances
of repercussions, often forcing issuers to return all funds to investors, sometimes resulting in
charges and convictions.
In today's market, compliance has become central to any business
Consumers introduced through affiliate channels place more orders at
higher price points. Elevated order value, combined with repeat purchases, make these
consumers exceptionally valuable.
Loyalty programs are generally known to be popular with millennial consumers. Over 70% of
Millennials and Pre-millennials are members of loyalty programs vs. less than 20% among
. Loyalty programs provide financial institutions with access to big data that is
used to drive engagement, spend, and retargeting.
KABN aims to address the following challenges that KABN has identified in the market:
Corporate Clients (“Clients”) require international compliance solutions.
Clients require KYC/AML screened, 'good-to-go' consumer customers.
Clients want to avoid liability for storing sensitive data.
Millennials and Gen-X consumers increasingly want to spend digital currencies on
KABN is designed around the concept of whitelist membership. Whitelists on KABN are
architected to support binary yes/no queries to allow or prevent restricted actions such as
purchasing crypto tokens. Whitelists on the KABN network have a customizable set of
compliance rules. Customers who join the whitelist and satisfy all the compliance rules are
allowed to perform restricted actions.
When a customer joins a whitelist, the customer is prompted to fill out information and upload
copies of personal documents. KABN has the ability to render different web forms to
accommodate different whitelist rules. KABN retains history across whitelists to avoid asking
for the same information more than once from the same customer.
The KABN whitelist architecture accommodates compliance and scale across multiple
financial touchpoints while serving individual client needs.
KABN supports internationally recognized documents for Know Your Customer (KYC)
KABN STO Roadmap
Platform Built 2018
ID, KYC/AML Card / Loyalty Platform Development
Visa Approval received Q4 2018
KABN ID Launches Q4 2018. Visa network approval for digital currency linked Card and Banking wallet. Global Compliance Pilots.
Going Live Q1 - Q4 2019
Global Compliance. Launch EU Card & Loyalty launch.
Global Growth 2020 & Beyond
Expand program to other regions.