Pelikin launches its multi-currency banking app and travel card backed by Visa & Heritage Bank

Key Takeaways:

  • Strategic partnerships secured with Visa, Heritage Bank, Omnio Group & Agile Underwriting
  • Launched our multi-currency banking app and Pelikin Prepaid Visa Card, card usage exceeded 50 countries in 6 weeks

Having spent the most part of 2019 in product beta, fine tuning it’s product with the help of partners Omnio, Visa and Heritage Bank, Pelikin launched its multi-currency banking app and Visa Prepaid Travel Card to general public in Q4 of 2019.

2019 was spent raising capital, growing the team, securing partnerships and building a product that will disrupt the travel card market.

2020 is expected to be a massive one for Pelikin and its young, accomplished team.

Strategic World Class Partners

Pelikin has made some powerful friends. With the likes of Visa, Omnio group, Heritage Bank and FIS Global behind their product, handling the rigorous and capital intensive matter of compliance, regulation and payment processing.

With this world class supply chain set, the Pelikin team is able to focus on what’s really important…it’s users. Engaging with them, learning from them and creating a product that they will use and love.

Early Seed funding secured

Pelikin secured a $400,000 investment in July to help fuel it’s growth in readiness for full market launch. The company is actively raising capital to further accelerate its growth locally in Australia and abroad.

+50 Countries Reached as customer numbers grow

The Pelikin Visa Travel Card has cracked the half century, being used now in over 50 countries over the world by cardholders. App user numbers since full launch has exceeded 1000 and load volumes in the hundreds of thousands.

Pelikin Travel Insurance Launched

After landing a partnership with Agile Underwriters (a coverholder at Lloyds), the Pelikin team built and launched its innovative ‘Build Your Own’ travel insurance product. Now available in the Pelikin App for all users.

Fintech & Payments Leader joins the Pelikin Squad

Pelikin was thrilled to welcome experienced Fintech Entrepreneur, Technologist and Executive David Monty to our advisory team. David, now the founder and CEO of UK based consultancy group Affinity Hub will advise the team on all things payments, technology and market growth.

David previously served as Founder & CEO of global payments leader Tuxedo Money Solutions, now known as Omnio Group following a merger and David’s successful $81 million exit in 2018.

Strong Media Exposure

Pelikin was featured in over 15 digital and hard copy publications including The Age, the Herald Sun, The Daily Telegraph, Mozo.com.au and Finder.com.au.

Sam recently spoke with Learnbonds.com about Pelikin growth plans. Read here

Founder & CEO Sam Brown, was a finalist for the 2019 Channel 7, Young Achiever of the Year award.

Check out Sam’s interview with Ticker TV where he talked about Pelikin journey, early traction and what’s to come from Pelikin

What does 2020 bring?

Sam Brown says “ We’re only just getting started. Not only do we have more to do in December but we’re primed to ramp things up in 2020. Think more currencies, more features and some incredible new partnerships!”

Pelikins goal is to become the #1 travel & money product in the Australian market and with its core product tried and tested, strategic partners, locked away it’s purely about growth for the exciting startup moving in to 2020.

About Pelikin

Pelikin is a multi-currency free banking app and pre-paid Visa card for young travellers. It helps millennials spend, send and manage their cash money overseas, without bank fees or annoying red tape. After nailing down partnerships with Heritage Bank (ADI) and Visa, and following a successful global product beta, the Melbourne fintech is set to launch in Q4 2019.

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