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STRICTLY CONFIDENTIAL
“The Best Way to Transfer Money”
Safe, Quick and Most Affordable
Global Money Transfer Service based on Blockchain
STRICTLY CONFIDENTIAL
Blockchain-Based Global Remittance Solution, MOINExecutive Summary
Company Overview
CompanyName MOIN, Inc.
Business Area
FinTech, Global Remittance,
Blockchain, Crypto Currency
Date of Incorporation
March 21st, 2016
LocationFinBeta @ Hyundai Card,
Seoul, South Korea
8 (+ 1 Interns)
Ilseok (Ian) Suh
Product/Market Overview
Product Features:
Blockchain-based
1) Reasonably priced
2) fast
3) convenient remittance service
Current Target Customers :
1) Korea Japan money transfer:
mainly Korean students, 310mn USD market
2) Korea China money transfer:
mainly Korean students, 1.3bn USD market
Funding Overview
Seed Round A (MAR 2016)
Yello Financial Group
Seed Round B (APR 2016)
Individual Angels
Angel Round (JUN 2016)
3 VCs (Korea/USA) &
Banks Foundation for
Young Entrepreneurs
Mid to Long-term Targets:
Asia cross-border remittance market
• Retail (P2P): 15bn USD
• B2B: Startups &
Small-to-Medium Business firms
<Fund Raising Now!>
Series A Round
• Funding amount: 2mn USD
<Previous Investments>
No. of Employees
Founder & CEO
STRICTLY CONFIDENTIAL
1 12 30 33 67
102 118
196
293
400
0
100
200
300
400
'70 '75 '80 '85 '90 '95 '00 '05 '10
28.2%
25.9%
21.7%
19.3%
2.6%
2.3%
Global Remittance Market is Continually GrowingMarket
Europe
Middle East
N. America
S. America
Africa & Others
Market Size (Outbound) Remittance by Regions in 2014(Unit: USD bn)
Asia represents over 1/4 of the global remittance market
'14
Asia
Global Remittance Market Size: 400bn USD a year
STRICTLY CONFIDENTIAL
Korean (Retail) Remittance Market: 17bn USD a yearMarket
Key Drivers of Growth
Foreign workers living in Korea
• Over 2 million foreigners
(1 million from China)
• Increasing continuously, 9.5% p.a. (CAGR 2015 –2015)
Cross-border shopping
• Increasing dramatically, 48% p.a.(CAGR 2011 -2014)
• Cosmetics, clothes, electronics, etc.
9.5
6.96.2
4.4 4.2 4.03.1
KOREA AUSTRALIA INDIA CHINA JAPAN INDONESIA THAILAND
(Unit: USD bn)
Inbound 7.5bn 2.3bn 70.4bn 38.8bn 3.7bn 7.6bn 5.7bn
Y2014 Retail Remittance Size from Asia (Outbound)
STRICTLY CONFIDENTIAL
Existing Global Remittance: Expensive, Slow & IncomprehensibleProblem
Sending 100,000 JPY from Korea
to Japan costs around 7,000 JPY
3~4 days at the fastest, may up to 5~7 days
Uncertain time & amount,Incomprehensible cost structure
Expensive Slow Incomprehensible
5~15% of remittance fee
It takes 3~5 business days to
send money from Seoul to Tokyo
Money transferred is not traceable.
Need to check by phone or e-mails
1 2 3
If you send JPY 100K from Korea to Japan
STRICTLY CONFIDENTIAL
Current Foreign Remittance ProcessProblem
Complicated Intermediary Banks in Between
Sender Beneficiary
Foreign Exchange Fee+
Remittance Service Fee (Sending Bank Fee)
Receiving Bank Fee
SWIFT Fee+
Intermediary Bank Fee
STRICTLY CONFIDENTIAL
MOIN’s New Money Transfer SystemSolution
MOIN 송금프로세스 (Rebittance)MOIN’s real-time & settlement optimization management
More affordable, faster, and much easiermoney transfer service based on Blockchain system
Sender BeneficiaryCrypto Currency Exchange
STRICTLY CONFIDENTIAL
MOIN’s New Money Transfer System (on progress)Solution
□ Step 2 (2017.01~): Blockchain + Non-Blockchain ⇒ Mathematically Optimized Algorithm
• Additional cost reduction
• Improvement of wire speed
Blockchain Pooling Netting+ +
□ Step 1 (~2016.12): MOIN’s Blockchain-based money transfer system
KYC / AML Solution
BeneficiarySender
Korean Exchange
Partner company
Foreign Exchange
Integration w/ Crypto Currency Exchanges
STRICTLY CONFIDENTIAL
Amount ofReceiving money
Delivery Speed
Competitive Advantages against Current Players
Amount of Transferred Money
Save up to 80% of
Remittance fee
3 days – 1 week
1 hour – 1 day
Promptness of Transfer
Money transfer possible anywhere at anytime
Convenience
□ Major Competitive Advantages of MOIN
MOIN vs. Traditional WaysCompetitive Analysis
1)
2)
* 1) and 2) are the most highly valued conditions for international remittance in the perspective of senders.
AAAA
IllegalRemittanceCompaniesCommercial Banks
MTOs
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Target Customers
Korea Outbound Remittance Amount
per Occasion (2014)
Foreign Workers
$4,104mn (43%)
Studying Abroad
$3,453mn (36%)
Cross-border Shopping
$1,441mn(15%)
Personal Inverstors$551mn
(6%)
S. Korea(Outbound)
$ 9.5bn
Remittance Size of Foreign Workers by Destination
(USD mn)
1,049365 187 103
2,304
CHN VNM IDN THA Others
Remittance Size for Studying Abroad by Destination
(USD mn)
1,095 1,012
263 230401
USA CHN JPN AUS Others
Korean Students Studying Abroad & Cross-border shoppers
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Web (PC & Mobile) Mobile Application (Android)
Web / App Key ScreensProduct
https://youtu.be/IAh4ARzmT-4
STRICTLY CONFIDENTIAL
MOIN Key FeaturesProduct
MOIN 송금프로세스 (Rebittance)Optimized for Highest Convenience for Users
Real-time fee comparison to
Big 4 commercial banks
□ Real-Time Comparison
Immediate calculation of
final receiving money
□ Immediate Calculation
Minimized process,
Simple, fast, and intuitive
Enter the amounts of money
Enter information of a sender
Upload Photo ID of the sender
Enter information of a receiverLess
th
an 5
min
s
□Minimized Process
STRICTLY CONFIDENTIAL
“It was brilliant to use MOIN to
send money to Japan.
It was so much
faster than I expected
and the most affordable”
- Jungna Lee from Seoul, Korea
Comments from MOIN UsersProduct
MOIN 송금프로세스 (Rebittance)Video Interview Written Comments
“10 points out of 10 for speed section.
I was used to waiting money for 1-2 weeks.
This is why I consider MOIN service as
innovation. Now I can get money within 2
days. It is amazing”
- Hyun Chae from APU, Japan
“100 points out of 10 for fee section.
Students studying abroad like us feel guilty
of economical burden to parents.
Saving fee was one of important part for
us, so MOIN is great service.”
- Hyun Chae from APU, Japan
https://www.youtube.com/watch?v=_-Ab5H18P94
STRICTLY CONFIDENTIAL
What MOIN has achievedHistory
FOOTSTEPS
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Raised to dateInvestment
MOIN 송금프로세스 (Rebittance)3 times Funding from Angels and Venture Capitals
Seed Round B
April, 2016
Pre-Series A Round
July, 2016
Seed Round A
March, 2016
Individual Angel Investors
About 600K USD
STRICTLY CONFIDENTIAL
Retention RateFinancial Projection
D + 30 D + 60 D + 90
Total 30% 31% 43.69%
Japan 22% 30.69% 40.48%
China 50% 56.15% 57.89%
High Retention Rate = Lock-in Effect
(October 3, 2016 - April 30, 2017)
STRICTLY CONFIDENTIAL
Revenue ModelFinancial Projection
No Addition FX Fee (Mid-Market Exchange Rate)
Country Remittance Charge
Japan 1.5 ~ 2.5%
China 2 ~ 2.5%
Hong Kong 2 ~ 2.5% (expected)
Indonesia 2.5 ~ 3.5% (expected)
Vietnam 2.5 ~ 3.5% (expected)
Europe 2 ~ 3% (expected)
MOIN’s Revenue = Transaction Amount X Remittance Charge)
STRICTLY CONFIDENTIAL
The Transaction Volue and Monthly Paying Users are expected to grow to 340mn USD and 12,544 by 2019
1)The number of monthly paying users is based on December of each year
0.3mn USD 5.6mn USD
42.5mn USD
340.0mn USD
233 563 2,495
22,105
0
5,000
10,000
15,000
20,000
25,000
0
50
100
150
200
250
300
350
Y 2016 Y 2017 Y 2018 Y 2019
Transaction Volume (LHS) Monthly Paying Users (RHS)
(Unit: USD mn)(Unit: person)
1)
Projection Summary
Transaction Volume and the Number of Users for next 3 yearsFinancial Projection
STRICTLY CONFIDENTIAL
Professional Experience Professional Experience
EducationEducation
Professional Experience
Ilseok (Ian) Suh CEO Hongseok Suh LeadDeveloper Boram Kim
• K-Cloud Star Competition Bronze Award
• NC Soft Venture Competition Grand Prize
• Seoul Mathematics Olympiad Bronze Medalist
• DreamEnter IoT Hackathon Grand Prize
• Adobe ADAA Infographic Design Semi-Finalist
• Busan International Advertising Festival (AD Stars) Outdoor Finalist
Chief Strategy Officer
Director of Investment
Senior
Associate
Software
Engineer
Co-founder & Lead Developer
UI/UX Designer
Co-founder&
Head of Design
LeadDesigner
Education Award Award
MOIN Team MembersTeam
STRICTLY CONFIDENTIAL
MOIN Team MembersTeam
Professional Experience
Education
Taehoon Moon Full-stackDeveloper
• Samsung Human-Tech Thesis Gold Medalist, 2007
• The Presidential Science Scholarship, 2007
Award
Symphony Pen
Professional Experience
Hyochan Jang
Education
Activity
• AhnLab Blog University Student Journalist, 2011
Professional Experience
Education
Sunghyun Hur
• The 8th Amore Pacific Marketing Award Winner
Co-Founder & Head of Business
Business Dev. Team
Business Dev.Manager
Award
Strategic Planning Team
Finance Team
MobileDeveloper
Software
Developer
Software
Developer
Software
Developer
Lead Developer
STRICTLY CONFIDENTIAL
Website www.themoin.com
Facebook www.facebook.com/moincompany
Blog blog.naver.com/moin_company
[Founder & CEO] Ilseok (Ian) Suh
+82-10-4724-6700 ｜ [email protected]
