Tom Meredith [email protected]
Harvard Business School New Venture ContestRepresenting South East Region
“Saving Millions of Immigrants Billions in Money Transfer Fees”
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P2P Cash AgendaFREE Money Transfer Summary
Recent Traction- Global MasterCard Contract
Problems- High Fees, Difficult Cash Pick-Up
P2P Instant Money Token (IMT) Solution
Marketing- Customer Acquisition Strategy
Competitive Advantages
Revenue/Profit Model
Financial Projections/Capital Required
Experienced Management Team
Exit Strategy- VISA or MasterCard?
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Free Global Money Transfer
“Saving Millions of Immigrants Billions in Money Transfer Fees”
Consider P2P Cash a “Free” Western Union delivering free global, mobile money transfers using patent-pending digital currency.
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Recent Global Traction
Global Partners MasterCard & SWIFTClear Free Cash Delivery to 3 Billion Bank Accounts and 1.2 Billion Mobile Wallets in 63 Countries
P2P-Top 10 SWIFT Global Start Up- 2 Years
Live in Kenya- Largest Mobile Wallet BaseVietnam Launching- Top 5 US Transfer Market
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Money Transfer Problems
Transferring Money is:
Time ConsumingVery Expensive
$50 Billion
10% of $500 Billion transferred Annually
Can take a day to get to Western Union
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Digital Currency Solution
IMT
• Cash Sent Directly to Mom’s Bank or Mobile Account using Digital Currency (IMT*)
• Cleared Globally via SWIFT & MasterCard• Free, Instant, Secure, Convenient
Instant Money Token
* Instant Money Token (IMT) - Patent Pending
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Subscriber AcquisitionTotal Addressable Market: 6 Billion CellphonesCurrent P2P Contracts Cover 50% (3+B)
Focus: Top 5 US Destinations = 50% Market (Mexico, India, China, Vietnam, Philippines)
Subscriber Acquisition Cost = $15(Social Media@$10 + Affiliate@$20)
Subscriber ROI= 2,000%(5 Years @ $60/year Revenue)
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Competitive Advantages
Best Price Point- FREEDiscount Competitors ( Transferwise/World Remit) Charge ~ 50% of Western Union
P2P Most ConvenientP2P Deposits Directly into:
2 Billion Bank Accounts (SWIFT)1.2 Billion Mobile Accounts (MasterCard)
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Competitive Advantages
*- Patent Pending**Potential MasterCard Locations
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Revenue/Profit Model
Spread2-6%
Partners
P2P
P2P Buys Currency at Wholesale Bank Rate, Delivers to Recipient at Retail Rate
Wholesale/Retail Currency Spread is 2-6%, Varies Country to Country
P2P Splits Currency Spread with Bank and Distribution Partners
P2P Nets ~ 1%
Revenue
BuySell
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Projections-Cash Required
$1.7M Raised to Date- Generated Revenue in 2014 $2.5M Series A in Progress- Breakeven in 9 Months 80% of Funds Use- Social Media and Affiliate Marketing Top 5 Markets: Mexico, India, China, Philippines, Vietnam$50M Required Year 2 to Create Global Brand
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World Class Team•Tom Meredith, CEO
Financial Services/Telecom Entrepreneur, MBA Harvard, Stanford Engineer
•Morris Mwanga, CTOBuilt Kenya’s Largest Currency Exchange, CISSP Security Certified
•Kern Lewis, VP Marketing American Express, World Savings Bank, Stanford, MBA Harvard
•Peter Carruthers, Director FX Operations25 years FX Risk Mgmt Expert: Citi, Credit-Suisse, RBS; Fordham MBA
•Donald Chapman, VP Business DevelopmentFinancial Services Technology Executive, MBA Babson College
Advisory Board•Leonard Schrank: Former CEO SWIFT
•Brian Smith: Former General Counsel MasterCard, Office Comptroller and Currency (OCC)
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Goals and Exit StrategyGoals
Year 1- Cash Flow Breakeven 100K SubscribersYear 2- 10 Countries with 600K+ SubscribersYear 3- 60+ Countries with 2M+ Subscribers
Valuation $1+ Billion: Equal to 2 Competitors
Potential Acquirers:Card Issuer Networks: MasterCard, VISA, Discover
Money Transfer: Western Union, MoneyGram, RIA
Processors: First Data, Global Payments, Elavon
Banks: Citi, Wells Fargo, Bank of America, HSBC, etc.
Tom Meredith [email protected]
Harvard Business School New Venture ContestRepresenting South East Region
“Saving Millions of Immigrants Billions in Money Transfer Fees”
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