Giancarlo DeLeo is the co-founder of TrustChain Global, a platform for verifying and settling physical commodity trades.
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“Because our main, our business, our main business model is them using our escrow and pay master services. That's where we are a bank where we're modeling on. That's where our main revenue is going to be coming from, where they're at. We're actually acting as the escrow, the third party holding the money and then paying out everyone's commissions. And we're making money on the fees that we're charging out.”
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More from Giancarlo DeLeo
Opinion
DeLeo: Web3 blockchain enables seamless digital tracking of commodity ownership
“Moving into a web three point O blockchain kind of model, then the ownership and the title will move very easily over that. And it'd be tracked properly and it will be done in a digital manner versus the way that happens now.”
Giancarlo DeLeoMar 11, 2022▶ 3:13SaaS Startup Raises at $3m Valuation Helping Precious Metal Dealers Verify Buyers and Sellers
AssertionNot checkable as stated
DeLeo: TrustChain is onboarding a copper deal worth $200k in fees
“So like the copper deal that we're bringing on board, the services fee that we're charging them, not just the monthly, but the other fees of like the escrow and the other pieces like that. And the procurement fee that we're doing that though, that one deal is …”
Giancarlo DeLeoMar 11, 2022▶ 10:32SaaS Startup Raises at $3m Valuation Helping Precious Metal Dealers Verify Buyers and Sellers
Disclosure
DeLeo: TrustChain raised $350k in its pre-seed round
“Right there, we raised 350,000 U.S.”
Giancarlo DeLeoMar 11, 2022▶ 9:56SaaS Startup Raises at $3m Valuation Helping Precious Metal Dealers Verify Buyers and Sellers
Disclosure
DeLeo: TrustChain expanded from KYC SaaS into an escrow platform
“We started off as a SaaS play thinking that, you know, we're going to do a bunch of services that would be great for people in the commodities industry and realizing that it needs to grow into that and it needs to change the platform really quickly after custo…”
Giancarlo DeLeoMar 11, 2022▶ 1:35SaaS Startup Raises at $3m Valuation Helping Precious Metal Dealers Verify Buyers and Sellers
Disclosure
DeLeo: TrustChain charges $199 per month for platform access
“So right now that's 199 dollars a month that they used to do that.”
Giancarlo DeLeoMar 11, 2022▶ 5:34SaaS Startup Raises at $3m Valuation Helping Precious Metal Dealers Verify Buyers and Sellers
Disclosure
DeLeo: TrustChain has exactly five total paying customers
“We have five customers in total right now.”
Giancarlo DeLeoMar 11, 2022▶ 5:57SaaS Startup Raises at $3m Valuation Helping Precious Metal Dealers Verify Buyers and Sellers
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