Paybe is an innovative team of enthusiastic people with a vision for the greater future of how people exchange value!
Our team consists of great professionals, every team member has significant experience in the field he represents. We share common values and believe truly in the innovation in financial services sector. It is better to join our efforts with the Regulator, therefore creating a legally sound atmosphere for the development of better financial services.
Our team identified the need for Paybe and is eagerly building a modern and blockchain based company, to secure the future for the community.
Our mission is to give peace of mind to our customers, offering the best and most advanced financial services available today. We understand that the industry is constantly changing and we promise to always be the leading innovator in financial services sector.
We believe that if a client has a problem with a service, a real person would be nice to talk to, not a robot! Usually they register Your support ticket and in best case You can talk to a robot. Paybe is again going to change all that. We promise our customers 24 hour LIVE help desk with adequate people. We will really help a client to solve a problem.
Assets to owners
We believe that assets should always be owned by their real owners, not intermediaries! We help the end users to feel comfortable building a secure system for the management of private keys, a depository we call it. We cannot access Your assets, only You can. Don’t need to be worried about the security risks involved with Your assets. We’ll take care of that.
Freedom to use
We believe in freedom to use the assets one pleases! We know that certain regulators want to impose ban on certain assets. We have heard many times that crypto currencies should be “outlawed”. Doesn’t this violate the main principle of freedom of a modern society? We believe it does.
Paybe solution integrates three different functions into one beautiful and user friendly interface – traditional banking functionality, crypto functionality and depository to hold Your private keys in a secure manner. Paybe Solution integrates traditional banking with crypto banking and is the first company to provide such services. At all times our clients control their finances, not us. Private keys are owned by our clients.
The gateway to Paybe Solution is an Agrello ID. Agrello ID is a modern ID platform, integrated with biometrics of Veriff, an Estonian company, which supplies a tier 3 security biometrics verification software. Gateway of Agrello ID enables us to use the most modern and high tech verification software in order to enable our customers to access all the features of Paybe Solution.
Crypto functionality enables our customers to hold all their crypto assets in one place, Paybe Solution. We support all major cryptocurrencies and ERC20 tokens. Cryptocurrencies can be exchanged between each other and into fiat money. The system also works vice versa, meaning that fiat money can also be exchanged into crypto.
Inheritance Smart Contract, high-standard reporting mechanism (IFRS standards) and live 24 hour support desk are the additional benefits of Paybe Solution.
Banking functionality provides our clients with IBAN, international transfer capabilities and a debit card. Three fiat currencies are to be supported in the initial phase of Paybe Solution, USD, EUR and JPY.
One of the most important functions Paybe Solution provides, is the depository. Depository is legally separated non-profit organisation with a sole purpose of keeping the private keys of its customers. Depository corresponds to all the highest security standards and the information kept there is protected. Clients can see their private keys anytime they wish, however we do not recommend that. Should a client wish to move its assets to some other platform, he/she can absolutely do so. Private keys will immediately be provided, at a client’s first request.
Sulev Seppik. Project Lead
Sulev has been a part of the business community for more than 20 years, being a partner in different projects. He currently owns successful companies in Estonia and abroad. He has extensive knowledge in a world of finance, because he has been directly involved in the matters for a long time. Sulev holds two Master’s degrees; in International Private Law and Theology.
Lennart Viikmaa. COO
Lennart has extensive knowledge in business, security matters, law and policy making. He has been an advisor in Estonian government and in the Parliament of Estonia, also partner in several successful businesses. He is directly involved in blockchain development and is getting his Master´s degree in Computer Science. However, he already has a Master´s degree in European Union and International Law.
Oleg Afanasjev. CFO
Oleg has extensive knowledge about the financial markets and the banking world. He has been working on leading positions in the banking sector for more than 15 years. He is also a partner to a successful financial company. Oleg has a Masters degree in Finance.
Stanislav Degtjarjov. CTO
Stanislav has been working in financial sector as a technology officer for more than 10 years. He has been formerly working in Skype and SEB Bank. Stanislav specialises in system architecture and computer security issues. Stanislav holds Masters degree in Computer Science.
Ralph is a world famous hacker, a.k.a. “The Ethical Hacker”. Ralph makes sure that our security systems hold and we produce a quality product. Ralph is a founder of Seguru, a start-up changing the way we think about security.
Sean is Ralph’s partner, one of the best computer security specialists out there. They are working as a team, to consult Paybe to be the most secure solution for our customers.
Deniss is a member of Estonian Parliament. As we said, we believe that it is better to talk to the regulator than not to. Therefore, we are lucky enough to have Deniss is our team as an advisor.
Teddi is a co-founder of Agrello, a successful Estonian start-up, making smart contracts available for general public. We are happy to collaborate with Teddi to make Paybe Solution work.
Hando is a partner with Teddi at Agrello. He is a popular and widely accepted member of blockchain community. Hando is consulting us with how to implement modern technologies into Paybe Solution.
Tim is the founder of Taurus Vision and has extensive knowledge in the blockchain world. He has been consulting numerous start-ups to make them succeed. We are very happy to have Tim as an advisor.
Estonian Chamber of Crypto Financing
Address: Masina 20, 10144 Tallinn, Estonia
How does it work?
ILP structure issues Future Loan Access Tokens (FLAT), which are a form of “access tokens”, so creditors can transfer their loan agreements to others. Tokens will be issued to the creditors who lend funds to the company. Each company using Tokenote ILP structure can brand their tokens as they wish.
Tokenote ILP structure, developed by blockhive, is based on cryptocurrencies. The creditors lend in cryptocurrencies and receive FLAT tokens. Tokenote can support cryptocurrencies including Ethereum.
User identification and verification are a critical function to prevent fraud and anti-money laundering. Such procedures, or Know Your Customer (KYC), need to be completed before loan agreements can be digitally signed. Agrello ID, a digital identity and signature solution, provides the support necessary for Tokenote’s ILP system.
Each creditor has to sign a loan agreement, before receiving FLAT tokens. Tokenote’s ILP system uses Agrello smart contracts that can be digitally signed using the Agrello ID. Each contract is recorded on the blockchain.