Schedule an Appointment

Marketplace

Please Read Our Disclaimer

The investment opportunities below are not an offer to the general public to purchase any form of securities. Every investment opportunity below should be considered to be a very high risk investment and the investor must be comfortable in accepting and bearing the very high level of risk associated with any of the investment opportunities listed on this site. The information contained in these investment opportunities is proprietary and strictly confidential. It is intended to be reviewed only by accredited investors in order to evaluate the investment opportunities and should not be used for any other reason or made available to any other person or entity without the prior written consent of The OCMX (P2P Financial Inc.). The technology and process used on this website is protected by existing or pending patents owned by The OCMX. Nothing on this site including any related communication is intended to provide specific financial, investment, tax, legal, accounting or other advice to you, and should not be acted or relied upon in that regard without seeking the advice of a professional. In all circumstances, you should seek guidance from your current advisor as your advisor can help to ensure that your own circumstances have been properly considered and any action is taken on the latest available information.

 

 

 

 

 

Book a Conference Call
Get More Information

TessPay

Location: Toronto, Ontario

Sector: Blockchain.

Add to Shortlist
Express Interest

TessPay operates a private permissioned blockchain solution that combines Smart Contracts and Automated Payments to guarantee daily settlements for cross border calls in the $65 billion USD Wholesale Telecoms Industry.

 

The Wholesale Telecoms Industry comprises international voice calls transmitted between telecommunications carriers in the course of completing a consumer-initiated call in one country to a consumer in another country.

 

Our business system features liquidity, payment assurance, lower fees, lower costs with an automated process. An easy-to-use solution means telecommunications carriers are seamlessly interconnected with and paid by other carriers and never have to deal with late or defaulted payments.

 

The TessPay Platform offers peace-of-mind; automated daily settlements guaranteeing all carriers are paid on time, every time. The TessPay Platform payment settlement system for Wholesale Telecom Services, caters to two categories of users: Carriers and Lenders.

Payment assurance

Wholesale Telecom is a high volume, low margin business and as such credit losses are painful, and late payments create friction. All selling carriers on the TessPay Platform will be paid daily in full for the previous 24-hours call volume.

 

TessPay effects automated payments from the Smart Contract deposits and is able to calculate the precise amounts owing based on prices in the Smart Contract and the call volume that has passed through TessPay’s telecom switch.

 

Liquidity

The liquidity problem arises from the fact that due to the nature of the business, counterparts are almost always international, and the smaller carriers collectively supporting the large carrier receivables have difficulty granting and obtaining credit.

 

TessPay will provide lending opportunity for carriers. Lenders will have the opportunity to securely finance smaller carriers dealing with large carriers with strong credit ratings.

 

Liquidity

The Company is solving cashflow problems for smaller carriers by introducing lender supported funded Smart Contracts on the TessPay Platform.

 

Settlement Efficiency

The TessPay Platform will make settlements daily.

 

Payment Assurance

Payments are assured on daily basis.

 

Lower Operating Costs

On the TessPay Platform carriers pay only a modest service fee for volume based use. Carriers won’t be charged  server, switching or billing fees.

Jeff Mason, CEO

In 1990, Jeff graduated with a BSc in Commerce and Economics from the University of Toronto. He next joined Ernst & Young LLP as a CPA and followed that as a business analyst at Canadian Tire.

 

In 1995 Jeff founded Wiznet Inc., an Internet service provider where he served as CEO until the company’s sale in 2004.

 

Jeff followed his previous success with the founding of Wiztel Inc., a VOIP telecommunications company that specialized in Wholesale Telecom cross-border voice calls. The company remained in operation until July 2017 when TessPay was founded.

 

In 2012, Jeff co-founded Limitless Mobile, a US/UK mobile virtual network operator. He served as CEO before divesting himself of his interest in the company to found Powercases Inc., in 2014. The company, where he remains a shareholder and Chairman, is a developer, marketer and seller of consumer and business portable power products based on Lithium ion technology.

 

Fraser Mason, CFO

Prior to Fraser’s role in TessPay, he began his storied business career as a senior partner at Ernst & Young Canada. Beginning in 1964, his many responsibilities included development and management of the Canadian corporate finance practice, management of the Canadian consulting practice and membership on the Canadian Executive Committee with a key role in the strategic growth of the firm until 2000.

 

As Chairman and CFO in the development and management of Champion Digital Links (formerly Champion Photochemistry), Fraser’s contributions since 1981 have included a series of cross border acquisitions that lead to a global business with operations in the United States, France and Malaysia. He also created a financing strategy for the business based on banking and credit insurance relationships developed in Spain.

 

Since 2014, Fraser has been a member of the advisory board for Newcom Media, a North American B2B publisher and industrial tradeshow company that focuses on trucking. Fraser recently facilitated a major acquisition for Newcom Media.

 

Fraser’s many qualifications include business strategy, corporate governance, financing, acquisition, deal negotiation, and global business management.