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Company: Company Status: Business Descrip7on: Market: Investment Type:
get500now Start Up New online small loans business introducing cu3ng edge technology pla7orm and unique socially responsible innova:on. USA -‐ UK -‐ Australia Conver7ble Note -‐ 13% pa Interest – 22.5% discount
Payday Loans Industry Features
• GLOBAL
• ESTABLISHED • 20% PA GROWTH • HIGH PROFITS • STRONG CONSUMER DEMAND
The Problems
• RECENT REGULATION IN UK & AUSTRALIA USA LIKELY TO FOLLOW
• POOR SOCIAL IMAGE
• INCREASED COSTS
• DECREASED MARGINS
The Solu7on
• ADAPT TO REGULATION WITH ADVANCED TECHNOLOGY • PROVIDE BORROWERS WITH A BETTER DEAL • INCREASE EFFICIENCY – STREAMLINE PROCESSING • CHANGE COSTS STRUCTURE
get500now
• Get500now is a new global online ‘payday’ style small
loans business providing loans from $100 to $500 and up to $1000 for regular clients.
• Get500now has cu3ng edge technology using an
advanced purposely-‐built pla7orm, which will reduce staff levels from 100 to 10 -‐ dras:cally cu3ng costs and streamlining efficiency and :me.
• Get500now will introduce new socially responsible
changes to the product. This will be most welcomed by social groups that oppose the industry.
Compe7tors
THERE ARE MANY Because it is a booming industry with high consumer demand and large industry profits there are many compe:tors.
get500now # 1 BUT NONE LIKE US! Which makes us well placed to become the market leader……
Compelling Advantages Using get500now
Get500now is introducing socially responsible changes to the industry so impac:ng that it is almost inconceivable that a borrower would choose to borrow from any other lender than get500now.
Milestones
• Cu3ng edge high tech pla7orm completed • Afrac:ve user friendly Website completed
• Credit Licensee secured
• Opera:onal partnerships nego:ated (Yodlee, Dunn & Bradstreet)
• get500now.com domain name secured
Key Personnel
ROBERT OAYDA -‐ Founder, CEO
A very successfully performed entrepreneur in several industries, with natural business acumen and strong skills. He has a proven track record of taking his ideas and turning them into successful large businesses. FELIX GOMEZ -‐ IT Director
Felix is a highly talented Computer Engineer. He writes code in all languages and specializes in problem solving solu:ons. He has been with BITS for 8 years and prior to that was the Dean of IT at the University of Cebu. He has a Bachelor of Science in Computer Engineering and a Masters of Science.