Waleteros slide share
- 2. LUIS • Unbanked • No Social Security # • No access to credit
- 3. LUIS • Unbanked • No Social Security # • No access to credit CHECK CASHING STORE • Time consuming • Expensive fees • No credit scoring solution
- 4. LUIS IS NOT THE ONLY ONE 50 / 50/10 M Hispanics in the US Source: US 2010 Census, Ibisworld % unbanked or underbanked bn dollars in fees & interest
- 5. EMERGING MARKETS EXPERIENCES 11.6M active users in Kenya 208 live deployments worldwide Mobile Wallet Solution
- 6. SOLUTION ADAPTED TO THE US Mobile App that replicates the services of a Check Cashing Store
- 7. DESIGNED BY LATINOS FOR LATINOS
- 10. BILLS PAYMENT
- 11. LINKED TO A PREPAID CARD +
- 12. COMPETITIVE POSITIONING Challenger Established players + Thousands of independent check cashing stores
- 13. CHECK CASHING STORE BUSINESS MODEL • Free to join • Customers only pay if they use CASH IN, PREPAID CARD FREE CHECK DEPOSIT 1.5% US BILL PAY $ 3 / BILL Year 5 Revenues $ 2 / BILL INTL’ BILL PAY $144M MONEY TRANSFER 2,5% P2P $0.5 CASH OUT AT ATM $2.5 MICRO LOANS 300 APR Year 3 Break even
- 14. VISION AND UPSIDE OPORTUNITY TRANSACTIONAL TRACK RECORD ALLOWING LOANS TO UNBANKED LOWER INTEREST RATES FOR UNDERBANKED PREMIUM DATA FOR FINANCIAL INSTITUTIONS
- 15. ACHIEVEMENTS • Currently in beta mode at 5 enrolment points in Miami • 2014 Venture Hive Accelerator program
- 16. MOVING FORWARD INVESTMENT PURPOSE KPI’S AT YEAR 1 $ 500 K V2 MOBILE APP COMPLIANCE & LEGAL SUPPORT INTEGRATION WITH 3RD VENDORS SALES, RISK MANAGEMENT & OPERATIONS 120 ENROLMENT POINTS 10,000 USERS 6,000 TRANSACTIONS / MONTH