To lead the world’s transition to digital cash
Recognizing a need for change
Back when banks were primarily focused on account acquisition, Laurence Cooke left the telecom industry for an area in desperate need of change–payments. He founded nanopay in 2013, with the goal of delivering simple and accessible payments to all people. With this goal of financial inclusion, nanopay acquired MintChip, a digital cash platform developed by the Royal Canadian Mint.
Using Centralized Ledger Technology (CLT), nanopay further enhanced the MintChip platform to be more scalable, reliable, and easy to use. Today, nanopay is privately funded, led by the Merchant Banking Division of Goldman Sachs, and offers payment and liquidity management products for businesses and banks. In the future, nanopay will digitize money for central banks and offer the infrastructure to enable what’s more commonly known as Central Bank Digital Currency (CBDC).
“The amount of physical cash will diminish greatly over time. If you have an electronic, risk-free claim against the central bank in the form of digital fiat money, there’s no real reason for anyone to be using physical cash.”– Laurence Cooke, Founder and CEO
Our highly experienced leadership team has generated over $1B in value for investors through development of high growth payments and technology companies. With prior experience at industry leading organizations such as Google, KPMG, Citibank, Western Union, the Federal Reserve Bank, McKinsey & Company and many more, nanopay’s leaders bring decades of experience to the table.