P2P Cash Winning SWIFT Award Presentation


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P2P Cash winning presentation made to SWIFT financial services innovation. P2P Cash won the Top Award for its mobile clearing system based upon the SWIFTRemit services to clear international money transfers from mobile to mobile phone worldwide.

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  • 02/27/12
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  • P2P Cash Winning SWIFT Award Presentation

    1. 1. Copyright ⓒ 2012 P2P Cash, Technology Inc. All rights reserved SWIFTRemit Mobile Money Transfer Standard Technology
    2. 2. P2P Cash Business Opportunity <ul><li>P2P Cash Goal </li></ul><ul><li>Aggregate fragmented $400 Billion money transfer industry around common Standard: SWIFTRemit </li></ul><ul><li>Significant Bank Opportunity </li></ul><ul><ul><li>Banks have ONLY 25% of worldwide market* </li></ul></ul><ul><ul><li>Western Union + Money Gram- <20% of market </li></ul></ul><ul><ul><li>Remaining - fragmented low-tech competitors </li></ul></ul><ul><li>SWIFT Remit + mWallet= Worldwide Standard </li></ul><ul><ul><li>P2P Adopting SWIFTRemit - Adding mWallet </li></ul></ul><ul><ul><li>Two pending patents protect the solution </li></ul></ul><ul><ul><ul><li>*SWIFT </li></ul></ul></ul>02/27/12 Confidential Page
    3. 3. SWIFT+P2P=World Standard 02/27/12 Confidential Page Today 2012:Q2-Q3
    4. 4. Revenue Model <ul><ul><li>Clearinghouse/Interchange Fees </li></ul></ul><ul><ul><ul><li>Percentage of transaction (1%) </li></ul></ul></ul><ul><ul><li>Set-up and maintenance charges </li></ul></ul><ul><ul><ul><li>Initial development fees </li></ul></ul></ul><ul><ul><ul><li>System maintenance fees </li></ul></ul></ul><ul><ul><li>Trusted Agent Network (TAN) Retailer Fees </li></ul></ul><ul><ul><ul><li>Retail Agents get Percentage of ALL financial services </li></ul></ul></ul><ul><ul><ul><li>Insurance </li></ul></ul></ul><ul><ul><ul><li>Micro-Credit </li></ul></ul></ul><ul><ul><ul><li>Money Transfer </li></ul></ul></ul>02/27/12 Confidential Page
    5. 5. World Class Bank Switch 02/27/12 Confidential Page Remittance Gateway ACH/SWIFT Gateway P2P Cash Mobile Gateway Remittance Company Any Bank P2P Bank Switch ooo ooo ooo Consumer $ TAN Agent
    6. 6. P2P Cash Current Status <ul><li>$ 900,000+ invested to date by founders </li></ul><ul><li>Current Traction : </li></ul><ul><ul><li>Cyberplat: Largest Payment Processor in Russia </li></ul></ul><ul><ul><li>SMART Agreement: Largest carrier in SE Asia -50M </li></ul></ul><ul><ul><li>Kenya Hub Integration: Reach over 20 M mWallets </li></ul></ul><ul><li>2012 Plans </li></ul><ul><ul><li>Mexican Pilot Q2- Widespread Roll out Q3 </li></ul></ul><ul><ul><li>Integration to Google/ISIS Mobile Wallet(s) </li></ul></ul><ul><ul><li>Citibank - Potential issuing mWallet partner </li></ul></ul>02/27/12 Confidential Page
    7. 7. Competition <ul><li>Competing Mobile Money Clearinghouse: </li></ul><ul><ul><li>BICS: Belgium Telecom- Alternative to SWIFTRemit </li></ul></ul><ul><li>Competing Mobile Wallet Providers: </li></ul><ul><ul><li>All proprietary systems want to “own” the consumer and drive adoption of their own proprietary mWallet </li></ul></ul><ul><li>VISA/MC/Western Union/Money Gram: </li></ul><ul><ul><ul><li>Their overhead precludes making money at low transaction size. </li></ul></ul></ul><ul><li>All the Above are </li></ul><ul><li>Potential Licensees/Partners of P2P Cash </li></ul>02/27/12 Confidential Page
    8. 8. Go To Market Strategy <ul><li>Banks Get FREE Mobile Wallet: </li></ul><ul><ul><li>New Mobile Money Transfers </li></ul></ul><ul><ul><li>Foreign Exchange Fees </li></ul></ul><ul><ul><li>New Services: Insurance, Micro-Credit </li></ul></ul><ul><li>Distribution: </li></ul><ul><ul><li>Prepaid Cellphone/Money Transfer Retailers </li></ul></ul><ul><li>These Retailers become Street Corner </li></ul><ul><li>BANK AGENTS </li></ul>02/27/12 Confidential Page
    9. 9. P2P Mobile Cash Router 02/27/12 Confidential Page Banco D’Oro- BD O VPN Clear SWIFTRemit *P2P Cash Routes Cash based upon business rules using Cell Number as “Routing” Number Cash + CELL Number* Trusted Agent
    10. 10. Experienced Management Team <ul><li>Tom Meredith , CEO </li></ul><ul><ul><li>Financial Services/Telecom Entrepreneur; MBA-Harvard, Stanford Eng </li></ul></ul><ul><li>Ranjit Singh , COO </li></ul><ul><ul><li>Citicorp, VP Information Technology; Xerox –Corporate Officer; COO of ContentGuard- Xerox JV with Microsoft; Chairman Rockefeller Group. </li></ul></ul><ul><li>Morris Mwanga , CTO </li></ul><ul><ul><li>Developed real-time mobile Bank Switch for M-Pesa in Kenya; Kenya Stock Exchange and mobile banking expertise </li></ul></ul><ul><li>Thomas Flohr , CEO, P2P International </li></ul><ul><ul><li>Emerging Markets Expert/Morgan Stanley, JD Columbia, MBA Harvard </li></ul></ul><ul><li>Paul Polus , CFO </li></ul><ul><ul><li>Capital One, Certegy, x- CEO of large debit/credit card processor </li></ul></ul><ul><li>Kern Lewis , VP Marketing </li></ul><ul><ul><li>VP, Marketing. Reseller network development. Previous experience with American Express, World Savings Bank, MBA, Harvard </li></ul></ul>02/27/12 Confidential Page
    11. 11. Use of Proceeds <ul><li>Seeking $5 million: </li></ul><ul><ul><li>$3M Circled from Prominent VCs </li></ul></ul><ul><ul><li>Execution of Sales and Marketing </li></ul></ul><ul><ul><ul><li>Build Out Current Contracts: Philippines, Mexico, Kenya </li></ul></ul></ul><ul><ul><ul><li>Close/Implement Pending Contracts: India, China </li></ul></ul></ul><ul><ul><ul><li>Hire three internationally-placed representatives </li></ul></ul></ul><ul><ul><li>Expand development team </li></ul></ul><ul><ul><ul><li>Integrate Bank Partners </li></ul></ul></ul><ul><ul><ul><li>New Insurance and Credit services </li></ul></ul></ul>02/27/12 Confidential Page
    12. 12. Financial Projections 02/27/12 Confidential Page Key Action Items Recruiting new partners Speedy integration process Traffic-building marketing programs (cooperatively with partners) *All figures except Partners in $millions 2012 2013 2014 Distribution Partners 6 24 100+ Remittance Volume $58 $340 $642 Remittance Revenue $.7 $4.8 $9.9 Total Revenue $2.8 $19.1 $37.5 EBITDA $.2 $13.9 $27 Net Income $.6 $8.6 $16.6
    13. 13. Summary <ul><li>SWIFTRemit + Mobile Wallet = Money Transfer Standard </li></ul><ul><ul><li>Patent pending CLOUD solution to mobile money transfer </li></ul></ul><ul><ul><li>First to Market with new SWIFT standard for mobile wallets </li></ul></ul><ul><li>Large fragmented market in mobile money exchange </li></ul><ul><ul><li>SWIFTRemit distribution costs VERY LOW </li></ul></ul><ul><ul><li>Removes WU/MG competitive advantage </li></ul></ul><ul><li>$38 Million in revenue within three years </li></ul><ul><ul><li>Based on gaining only 0.2% market share </li></ul></ul><ul><li>Seasoned management team with contracts in hand </li></ul><ul><li>Clients in US, Kenya, Mexico, India, Philippines </li></ul>02/27/12 Confidential Page