# Tassat Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tassat-group

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.tassat.com
- Total disclosed funding: $15M
- Latest round: Series B (Aug 25, 2023)
- Investors on record: 1

## About

Tassat Group Inc., based in the US, specializes in blockchain solutions and real-time settlement systems, offering innovative financial technology services to enhance transaction efficiency for corporate clients across diverse sectors.Tassat Group Inc. is a financial technology firm founded in 2017, headquartered in New York, US. The company focuses on providing blockchain-based solutions for real-time settlements. CEO Ron Totaro has a background in technology and finance. Tassat has completed a total of 3 deals, with its most recent funding round being a Series B in August 2023, raising USD 15.13 mn from lead investor ConsenSys Ventures, bringing the total amount raised to USD 15.13 mn and the company valuation to USD 133.423 mn.Tassat's primary offering is TassatPay, a blockchain-based real-time settlement platform enabling secure, instantaneous transactions for corporate clients. The platform features instant settlement capabilities, full audit functionalities, and Smart Contracts to enhance operational efficiency. TassatPay serves various industries, including finance, real estate, healthcare, and logistics, while maintaining a strong client base among state and federally regulated banks, primarily in North America and select international markets.Tassat generates revenue through its TassatPay platform, which operates on a subscription basis with financial institutions. The platform's 24/7 real-time settlement capabilities facilitate seamless integration with existing banking infrastructure. TassatPay targets the $50 trillion B2B bank payments market and has processed over USD 2.5 trillion in secure transactions, establishing its role as a trusted facilitator in the financial services sector.In August 2023, Tassat Group Inc. raised USD 15.13 mn in Series B funding, part of a larger USD 30 mn round led by ConsenSys Ventures. The funding will support the launch of new products, enhance TassatPay's functionalities, and facilitate expansion into new markets, focusing on increased penetration in North America and selected international regions by 2024.

## Funding rounds

- Series B, Aug 25, 2023, $15M — ConsenSys Ventures

## Investors

- ConsenSys Ventures (https://capitalatlas.ai/funds/consensys-ventures) — Series B