Creation of concept with co-founders. By uniting needs and wants from different sectors and the banking sector Uulala was fully fleshed out.
Seed founder round 150k for MVP research and development by founder Oscar Garcia
Assembled final technology team with 18 years experience in Fintech, Banking and database creation
First version of mobile application with 2 of 6 features, UI / UX upgrade for simplicity. Closed 250k round of investment.
Activated Remittance partners, Bill Pay partners and Mobile Top Up partners. New micro lending scoring system developed for complete scoring of financial activities Negotiated con-tract with software provider for the MLM industry to use Uulala payment system on 17 MLM companies
Final integration with banking bin for debit cards. MOU finalized with Tier one processor to use Uulala payment system for an all in one solution to high risk clients including 10 MLM companies and 5 affiliate sales companies. MOU finalized with large collection agency with 25 million payees to use Uulala as the pre paid card payment vehicle for payments and creating micro credit Uulala scores. web administration site. Web application build to allow large com-panies the ability to pay out millions of agents at one time. Closing 500k-second seed round of investment. Beginning of Private round of initial coin offering.
Integration of patent pending decentralized database fragmentation for maximum security of smart contract money loading and system activities. MOU closing for Mobile phone manufac-turer that focuses on under-banked offers to use Uulala for payments Next round of beta MLM users to be onboarded into the system Integration of patented decentralized database fragmentation for maximum securi-ty of smart contract money loading and system activities. MOU closing for Mobile phone manufacturer that focuses on under-banked offers to use Uulala for payments-First loading round of beta MLM companies to be onboarded into the system Rollout of 500 multi service locations which include insurance and tax retail shops for cus-tomer loading and public onboarding.
Public ICO event to be executed Full implementation of Smart Contract for loading funds peer to peer and for other service activities in the application. Full deployment of decentralized data security module with all transactions. Public marketing cam-paign initiated in the United States and Mexico. Rollout of full Micro Credit Offer system for small businesses to offer micro loans to acquire users.
Integration of micro lending module to allow other providers to participate in the ecosystem. System will be designed to show customer all offer and rates so they can choose which lender is convenient and right for them. Rollout to all LATAM coun-tries with remittance, bill pay and micro credit building. International push for multi service location in key states with high minority populations. Texas, Arizona, New Mexico, Florida and New York. Increased of staff in key areas including programing, customer service and business development.
Continued rollout to LATAM countries integrating each country's remittance legacy platforms along with new crypto remittance solutions.
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