Blockchain International Money Transfer Platform



Company Type




Long Beach, CA


$15 million

Investment Type


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Helping Great Companies Grow


BRYT is seeking $15 million of equity for their blockchain-based international money transfer platform. 

  • Plan to seamlessly digitize the underserved global money remittance markets
  • Utilize relationships, experience, and proprietary technology driven platform
  • Launch market will target the US to Pakistan corridor where the company has significant competitive advantages via its experience in the region and partnerships with key local players (MOUs already signed with JS Bank and Meezan Bank)
  • Already have relationships in place to capture other high-traffic routes:
    • United Arab Emirates
    • Qatar
    • Saudi Arabia
    • Philippines
    • Bangladesh
    • India
    • Vietnam
    • Indonesia
    • Hong Kong
    • UK
    • Germany
    • France
  • Platform/app is developed; company is currently testing before deployment (MVP)
  • Key focus is on compliance (KYC / AML)
    • Proprietary algorithms to track and identify suspicious activity
    • Access to over 30 international databases for identity verification
Helping Great Companies Grow


  • Middle East as launch market is particularly attractive given large volume, strong margins, government support, attractive demographic trends, and lack of good remittance options
    • Unique opportunity to capture market share from banks and remittance companies (Western Union, MoneyGram, etc.) by fulfilling the need for a faster, cheaper, and more secure way to remit funds
    • Strong relationships and extensive experience in the region provide significant competitive advantage
  • Global remittance market
    • Over $600 billion in reported global remittance plus an estimated over $900 billion of unreported transfers
    • Highly fragmented
    • Unofficial channels coming under increasing pressure to become compliant
  • Pakistan - launch market
    • Sixth largest population in the world (>200 million people)
    • Large migrant population remits money back to Pakistan on consistent basis
    • Estimated $45 billion remittance volume into Pakistan (including both official and unofficial channels)
    • Fourth largest freelancer community in the world with roughly 1.2 million people
    • Current payment options are slow and expensive
    • Minister of Technology’s primary focus is on improving payment rails
    • Highly fragmented market that lacks many notable players such as PayPal, Google Pay, and Stripe
Helping Great Companies Grow


  • Create a frictionless, convenient, secure, low cost, and fast system to transfer money internationally
  • Have created a minimum viable product (MVP)
  • Ecosystem will allow you to spend from your BRYT wallet with a debit card
  • Ability to retain funds in dollar based digital wallet
  • Patent filed in over 150 countries for proprietary blockchain technology that is unhindered by the flaws of legacy systems (e.g., excessive power consumption, scaling challenges, slow transactions times, etc.)
  • Pakistan’s Minister of IT supports Company’s efforts to establish a new payment rail into Pakistan
  • Two prominent Pakistanis are on the Company’s advisory board
    • Syed Arifullah Hussaini (retired three-star admiral)
    • Salman Wassay (former Chief Commercial Officer for Ufone)
  • JS Bank and Meezan Bank have signed MOUs and will use BRYT’s platform for international remittance
  • 1Link (Pakistan’s largest e-payment network and switch system) indicated they want to utilize the BRYT platform for international remittance and ID services in support of their PayPak and 1D offerings
    • 1Link provides the infrastructure for all bank-to-bank communications (similar to the ACH network in the U.S.)
  • Several other banks have provided verbal confirmation that they will utilize BRYT’s platform, but the Company is staging its deployment
  • Advanced discussions with Visa network and Visa network partners
Helping Great Companies Grow


  • Jeff Mahony

Long history in both financial services and technology. Over 30 years of experience in Internet strategy development and large-scale project management for financial trading systems. Founded SaveDaily Holdings (through a predecessor entity) - financial technology company that handles over 150,000 complex transactions per day. Led the company in various roles  including CEO and Chairman of the Board. Founder, president and CEO of the Jeda Group, an Internet strategy firm serving small and middle market financial companies. Worked with TRW’s Space and Defense Sector to Smart Technologies, a start-up focused on financial modeling using predictive algorithms. BS in cognitive science from University of California, Los Angeles.

  • Steve Durbin

Has spent entire career in financial services. Extensive experience investing in a wide range of industries across the capital spectrum. President of Quail Bend LLC, a boutique private equity firm he founded in 2010. Senior Managing Director and Head of Investment Banking at The Watley Group focusing on providing a variety of financial, operating and advisory services for companies in or near chapter 11. Prior to that, worked at Red Mountain Capital Partners, an activist hedge fund, and was a Principal and responsible for sourcing and managing several investments. Prior to that, worked at Oak Hill Capital Partners, a top private equity firm, focusing on the business/financial services sectors. Started career as an investment banker at JP Morgan - worked on several large leveraged buyout transactions. A.B. in economics (cum laude) from Harvard University.

  • Abdul Mohidin

Born and raised in Dubai. Attended a polytechnic institute as a youth and learned BASIC and COBAL. Leveraged tech know-how in a series of endeavors across the Middle East. Designed and installed many variations of fiber optic networks in Jumeirah for use in private palaces, flagship hotels, and topflight offices. Pioneered and eventually helped re-engineer the fiber optic networks aboard the Boeing 737s that were then linking the Gulf States to the rest of the modernized world. This led to professional opportunities in the US, and in 2000, relocated permanently to California to establish a presence in the multi-media space, and extend the ongoing consultancy practice with the commercial interests of Saudi Arabia. Used programming and computing skills to mine Bitcoin successfully in the early days – led to his own vision for blockchain.


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Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784


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