It has become common practice in several business sectors to ask clients for a security deposit, predominantly in real estate rental, accommodation, and car rental markets.
Bailsman offers exactly this - a quick and easy blockchain-based security deposit solution for clients who don’t have the required amount of money or simply prefer to spend it on something else. Bailsman provides a third party guarantee to the merchant for a small monthly fee that is paid by the client, instead of making the security deposit payment and tying up the cash.
Merchants can rest assured, as there is no risk of not receiving the requested claim amount. Bailsman only provides guarantees that are 100% backed by licensed financial institutions or telecom companies, and will be paid out irregardless of the client’s financial situation.
Growth opportunities for Bailsman are huge, as global security deposit funds across sectors are estimated to be more than $1.5 trillion. Bailsman has already started to develop a platform for the residential real estate industry (a market size over $300 billion) and is holding a token sale to improve the platform and accelerate expansion into new segments and countries.
Bailsman offers a quick and easy blockchain-based security deposit solution for clients who don't have the required amount of money or simply prefer to spend it on something else.
Bailsman provides a third party guarantee to the merchant for a small monthly fee, which is paid by the client, instead of making the security deposit payment and tying up the cash. Merchants can rest assured as there is no risk of not receiving the requested claim amount. Bailsman only provides guarantees that are 100% backed by licensed financial institutions or telecom companies.
|“||Q1 2016: Concept developing and testing.
Q2 2017: IT and Legal Development process start.
Q4 2017: Development of Real Estate solution.
Q3 2018: Token Sale.
Q4 2018: Official launch of real estate solution.
Q4 2018: Release of Bailsman app, expansion to Finland/Sweden.
Q1 2019: Real estate expansion to Germany.
Q2 2019: Real estate expansion to UK.
Q2 2019: Real estate expansion to other EU countries.
Q3 2019: Entry into car rental and accommodation market.
Q4 2019: Expansion outside EU.Start offering “Buy Now, Pay Later” solutions.
Q4 2020: Applying for required licenses for Bailsman to start offering its own guarantees.
|Indrek Rand||COO, Co-Founder||https://linkedin.com/in/irand/||4.8|
|Priit Puppart||Chairman of the Board, Co-Founder||https://linkedin.com/in/priit-puppart/||4.8|
|Reimo Hammerberg||Legal & Regulatory||https://linkedin.com/in/reimohammerberg/||4.8|
|Peter Phillips-Minet||Executive Director at Goldman Sachs||https://linkedin.com/in/peter-phillips-minet-25727a41/||Advisors||6.9|
|Arti Ots||CEO at Kcell||https://linkedin.com/in/artiots/||Advisors||4.8|
|Kaido Saar||Former CEO at Bigbank, leading Baltic consumer finance bank||https://linkedin.com/in/kaido-saar-19494429/||Advisors||4.8|
|Marek Pajusaar||Head of Risk and Control at Change Finance, Former Risk Manager in Estonian FSA||https://linkedin.com/in/pajussaar||Advisors||4.8|
|Indrek Vilms||Founder of SupplierPlus||https://linkedin.com/in/indrek-vilms||Advisors||4.8|
|Anton Gans||Managing Partner at Zenith Capital Management||https://www.linkedin.com/in/anton-gans-3b05b414/||Advisors||4.8|
|Kalev Reiljan||COO at Division X, Telia||https://www.linkedin.com/in/kalev-reiljan-08b885a/||Advisors||4.8|
|Kätlin Hein||Senior Associate at Sorainen Law Firm||https://linkedin.com/in/k%C3%A4tlin-hein-18a8b84/||Advisors||4.8|
|Teddi Rull||Co-Founder at Agrello Foundation||https://linkedin.com/in/teddi-rull-445b1358/||Advisors||9.8|
|Mike Raitsyn||Co-Founder of ICOBox||https://linkedin.com/in/mike-raitsyn-05b5b9b4/||Advisors||4.8|
|Alex Linenko||Lead Business Development manager at ICOBox||https://linkedin.com/in/alex-linenko-62776682/||Advisors||49.4|
|Kaarel Loigu||Chief Credit Officer / Head of Credit Division at Versobank AS||https://linkedin.com/in/kaarel-loigu-746aab18/||Advisors||4.8|
|Stephen Drew||Partner at Crypto Global Capital||https://www.linkedin.com/in/stephen-drew-240a4046/||Advisors||4.8|
|Shaun Dindial||Partner at Crypto Global Capital||https://www.linkedin.com/in/shaun-dindial-94269a16/||Advisors||4.8|