This post is part of our live coverage of FinovateEurope 2015.

Online secondhand-car fraud was the #2 most common online scam in 2013, according to the European Consumer Centers network. This market represents over 25 million transactions yearly in United Kingdom, France, Germany, Italy, and Switzerland alone.

CashSentinel developed a solution that combines an escrow service and a mobile wallet, dedicated to facilitating and bringing trust to large transactions between parties that do not have a long-lasting, trusting relationship.

CashSentinel concluded a partnership with Swissquote Bank, the leading online bank of Switzerland, and AutoScout24, the leading secondhand-car marketplace. After a successful trial period, the service is set for fully fledged launch and European expansion in 2015.

 

Presenters: CEO Sylvain Bertolus; Board Director Michael Chaille

Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B) through financial institutions

HQ: Yverdon-les-Bains, Switzerland
Founded: December 2012

Website: cashsentinel.com
Twitter: @CashSentinel