Boober Per Tech Garage

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Boober Per Tech Garage

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Boober Per Tech Garage

  1. 1. Boober.it TechGarage, May 22nd 2009 Mr. Andrea Pellegrinelli
  2. 2. Executive summary <ul><li>p2p lending platform run by Centax, leader in payment system </li></ul><ul><ul><li>p2p lending allows borrowers and lenders to arrange loans, with the disintermediation of the financial institution </li></ul></ul><ul><ul><li>KSFs: better interest rates, 24/7 service, 100% online </li></ul></ul><ul><li>Competitive advantages </li></ul><ul><ul><li>Brand and platform proprietary </li></ul></ul><ul><ul><li>Lean operation </li></ul></ul><ul><li>Target: </li></ul><ul><ul><li>100 M€ loans funded per year (0,3% market share) </li></ul></ul><ul><ul><li>2,2 M€ revenues @ year 3; 5,5 M€ revenues @ year 5 </li></ul></ul><ul><ul><li>13% EBITDA @ year 3; 30% EBITDA @ year 5 </li></ul></ul>
  3. 3. Why p2p lending and why Boober? <ul><li>33% of borrowers would use internet to have economic advantages and reduced procedure timing </li></ul><ul><li>43% of people don’t borrow money because they can’t choose loan conditions </li></ul><ul><li>10% of borrowers are definitely not satisfied of the loans they got </li></ul><ul><li>Very negative feeling against the traditional financial institution </li></ul>Source: Assofin, Gfk Eurisko Why p2p lending? Why Boober? <ul><li>Opportunity to leverage on industry’s lessons learned </li></ul><ul><li>Loan matching model fully transparent and driven by users </li></ul><ul><li>Advantages thanks to Centax know-how, relationships, brand </li></ul>
  4. 4. How Boober works <ul><li>Role of Boober: </li></ul><ul><ul><li>Select and rate borrowers </li></ul></ul><ul><ul><li>Manage the cash transaction </li></ul></ul><ul><ul><li>Perform credit collection activities </li></ul></ul><ul><li>No financial risk in charge of Boober </li></ul><ul><li>Business model: </li></ul><ul><ul><li>Percentage of loan amount from the borrower </li></ul></ul><ul><ul><li>Percentage on interest gained from the lenders </li></ul></ul><ul><ul><li>Marketing activities on the community (to be launched in the next years) </li></ul></ul>
  5. 5. Advantages for borrowers and lenders <ul><li>Fast, easy and comfortable access to credit </li></ul><ul><li>Low interest rates </li></ul><ul><li>All loan conditions defined by the borrower </li></ul><ul><li>Anonymity </li></ul>Borrowers Lenders <ul><li>Interesting interest rates </li></ul><ul><li>“ Social” investment : earn money by helping other people </li></ul><ul><li>“ Amusing” activity similar to online trading </li></ul>
  6. 6. Italy’s personal loans market and estimated Boober user base Billion Euro 10,9 13,6 2005 2006 2007 2012E 18,9  35 CAGR ’ 05-’08 24% Source: Assofin, ABI 2008 21,1 <ul><li>100 M€ loans per year @ year 5 </li></ul><ul><li>315k users @ year 5: </li></ul><ul><ul><li>Marketing plan: 4,6M€ -> 270k users </li></ul></ul><ul><ul><li>“ Organic” growth: -> 45k users </li></ul></ul>Italy’s loans market Boober user estimate
  7. 7. Planned areas of development <ul><li>Widening of lenders and borrowers profile </li></ul><ul><ul><li>Lenders: people  family offices/business angels  main investors </li></ul></ul><ul><ul><li>Borrowers: people  SMEs / start-ups  big companies </li></ul></ul><ul><ul><li>“ Family and friends” loans </li></ul></ul><ul><li>Expansion in other countries </li></ul><ul><ul><li>Easy and fast approach to other countries (focus on marketing & regulations) </li></ul></ul><ul><ul><li>Possible targets : Europe, South America </li></ul></ul>
  8. 8. Boober business plan Users (n) Loans funded (k€) Revenues (k€) EBITDA (k€) Direct costs (k€) Labour costs (k€) Advertising costs (k€) Other costs (k€) Year 1 Year 2 Year 3 27.100 64.500 119.500 8.450 25.840 42.200 250 1.103 2.167 58 210 373 169 313 357 500 600 800 247 288 348 (724) (308) 289 13% Year 4 204.000 69.600 3.700 641 594 1.200 525 738 20% Year 5 315.000 94.600 5.500 929 785 1.500 706 1.583 29%
  9. 9. Investment opportunity <ul><li>€ 2 million funding request , to be collected in year 1 and 2 </li></ul><ul><li>Fund raising will support marketing activities </li></ul><ul><li>Centax to confer Boober activities, platform and community </li></ul>
  10. 10. Extract from the press release
  11. 11. Thanks for your attention Boober Italia via Pignolo, 8 24121 Bergamo Italy [email_address] +39 (0)35 41 62 111 www.boober.it www.centax.it

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