This document describes a payment collection and disbursement app called SpiderG for micro-businesses. SpiderG automates recurring invoice generation and payment collection through payment links sent via SMS and email. It uses AI to send smart payment reminders and track who has paid. Businesses can pay salaries, vendors and bills directly through the app. SpiderG processes over 400,000 recurring invoices per month for 10,000 onboard micro-businesses and aims to onboard 100,000 micro-businesses and process 4 million invoices by March 2020.

1. Payment collection & disbursement
app for micro businesses
A Neo-Banking Platform

2. F I T N E S S
C E N T E R S / G Y M S
T U I T I O N C L A S S
A S S E T R E N T A L
C O M P A N I E S
Furniture, Medical equipment
D A Y C A R E / S C H O O L S
S C H O O L B U S
O P E R A T O R S
P A Y I N G G U E S T
H O S T E L S
N E W S P A P E R V E N D O R S K I R A N A S H O P S
T I F F I N / D A B B A S E R V I C E
P R O V I D E R S
Target customers : Any business with recurring income,
annual revenue < 40 lakhs , & large no of customers

3. Collection & keeping track of payments is the major problem
for Micro Businesses
Delayed payments by customers
Tracking who has paid or not
Multiple methods for payments outs like cheque,
cash and bank transfer & keeping track of it

4. SpiderG : On time payment collection & one click payment
disbursement app
Invoices are sent with
payment link through SMS &
email
Smart AI powered reminders
Track who paid
Pay vendor and salary bills through
app
Automates record-keeping

5. Payment collection is automated through SpiderG ;
Automated Recurring Invoices Sent With Payment
Links
Business

6. AI powered reminder engine and Ledgers to track

7. Businesses can link their current account with
SpiderG or request to open a new bank a/c

8. Businesses can pay Salaries , reimbursements and
vendors directly through app

9. Solution Placement = Bookkeeping + Banking
Accounting
Softwares
Payment out Solutions
Payment collection
methods

10. 100 million
micro
businesses
$ 250 billion
worth of
transactions
Fairly new
market
Micro Businesses segment is the major opportunity and no
one has solved their problem yet
Average Invoice
value = Rs 600
No of customers
per business = 200
Max employee = 5
80 % is cash
B2b transactions
are cheque driven
Limited access to
capital
Digital payment
started post 2016
Smart Phone, 4G,
Facebook,
Whatsapp has
introduced tech
literacy
No major
player as of
now
Nothing specific
designed for this
market
Perceived value of
software is low
Not comfortable in
paying software
charges

11. STORY SO FAR
Started in April 2015, raised $ 700 thousand till date in angel rounds
Our angel Investors : Rahul Kirloskar, VGA ventures, LKP securities,
& Mr Harshal Morde
Processing more than 400 thousand recurring invoices/month
Onboarding 10 thousand SMEs/Startups
Winner of Maharashtra
Innovation award 2018
Listed as Top 100 startups
in Asia by REDHERRING
Listed as Top 10 Startup

12. Founders & Team
Ashwani Rathore
Founder & CEO
NIT - Allahabad & AIM - Manila
12 yr of work exp in IT,
Entrepreneurship, Consulting,
and Venture Capital
Cognizant, IndiaCo & Goldman
sacs
Harshal Ingale
Co-Founder & CTO
Tech entrepreneur with Patents
in Semi-conductor design
space,
9 yrs exp in Micro-processor
design and IT consulting
Mayank Gupta
Head of Operations
NIT - Allahabad & Chicago
Booth
12 yr of work exp in software,
Entrepreneurship, Consulting,
Computer Associate , Tech
Mahindra, Goldman sacs
Abhishek Kashyap
Chief Growth officer
RV college & AIM Manila
9 yr of work exp in sales &
business development
Rivigo, Maersk, Philips

13. 4 million invoices
100 thousand
40 %
Monthly recurring
300 k outgoing
Transactions/month
micro businesses onboard
Invoices getting paid
through SpiderG
Targets
March 2020

14. Mailing Address
C 35, Liberty Phase 2, Koregaon Park, Pune
Phone Number
+91-9096536286
Email Address
ashwani.rathore@spiderg.com
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