FinovateSpring 2018 / QCheque Inc.
Presenter Profile:
How they describe themselves: QCheque™ is tokenizing & reinventing the check payment system for financial institutions to reduce fraud. Unlike the traditional check clearly showing account number, QCheque™ masks the account number with an encrypted QR code, then facilitates every aspect of the check processing securely and efficiently.
How they describe their product/innovation: QCheque™ is world’s most secure check! Because it does not show account number. Every QCheque™ is unique and encrypted with QR code to replace the account number.
Product distribution strategy: Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
Contacts
Bus. Dev. Press & Sales: Shoaib Shafquat, President, shafquats@qcheque.com, 586-292-7453
Website: qcheque.com
Twitter: @QCheque371
HQ: Sterling Heights, MI
Founded: March 2017
Product Demoed: QCheque
Metrics: Money raised to date: $50,500, number of employees: 7, revenue: 0, registered users, website traffic etc.
Presenters: Shoaib Shafquat (President & Founder), Tom Coke (Chief Strategic Officer)
- Key Executives
Shoaib Shafquat (President & Founder), Mustafa Savliwala (CFO & Co-Founder) and Al Pacha (Chief Technology Officer)
Key Stats
- Key Board Members
m Coke (VP Sales, The Iserv Group), Allison Murray (EVP, CheckAlt)
- Key Advisory Board Members
Amy Dixon, John Lazarus, Mark Zoellner, Sheraz Bakhsh, Mac-OU Incubator Program
- Key Partnerships
CheckAlt, Giact, Check Printing Services, NACHA – Payments Innovation Alliance