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“…It is the ability to control capital that gives people the power to rise…” Muhammad Yunus

A Savvy Pitchdeck

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Page 1: A Savvy Pitchdeck

“…It is the ability to control capital that gives people the power to rise…” Muhammad Yunus

Page 2: A Savvy Pitchdeck

A Modern Banking Relationship

Smart account Nudge interactions Real relationship

Automatic budgeting

Integrated savings

Cultivate proactivity

Adapts to the user

Daily guidance

Encourages choices

Account consolidation

Level up

Exploration interface

We make itF#&%ing Easy

Page 3: A Savvy Pitchdeck

Fast and Loose Defi nitions

What’s the difference between….

a checking account? a prepaid card account? a savings account?

Deposit Direct deposit Photo deposit ATM deposit

Spend Debit card Online ATM

Save Automatic Reoccurring Protected

This is the a spending account

It’s intelligent It’s interactive It has no penalty fees It’s for everyone

Page 4: A Savvy Pitchdeck

31 million 18-24; plus 4 million each year 83% own smart phones* 54% use mobile banking* 67% desire financial knowledge* #1 Spending choice: Debit Cards**

Growing Market: Millennials

*2013 Visa “The Millennial Market” **2014 National Survey of Millennial spending habits

Page 5: A Savvy Pitchdeck

Reaching our Market

Educate and entertain – Build community

Take it to the people

Try before you buy Rapid feedback Habit formation

Page 6: A Savvy Pitchdeck

Prepaid is a proven fi nancial model.

Success factors: Life span Cost of acquisitionAdded value: Relationship software Life integration

2014 2015 2016Volumes

Card Accounts 100 50,000 120,000App-Only Accounts 589 294,827 707,586

RevenueInterchange Revenue 840 1485750 5328750Card Fee Revenue 640 1132000 4060000App Subscription Income 0 0 0

Cost of Cards Sold (591) (301,629) (427,993)Operating Income 889 2,316,121 8,960,757

ExpensesGeneral & Administrative 199,135 735,400 1,583,400Legal & Compliance 159,000 108,000 113,000Marketing 42,000 120,000 120,000Prepaid Card 118,562 530,370 815,850Technology 21,700 808,563 2,627,598Research & Development 150,000 340,000 360,000Expense Reserve 45,576 264,233 561,985

Operating Expenses 735,974 2,906,566 6,181,833

Earnings Before Taxes (Loss) (735,085) (590,445) 2,778,924Per Account Numbers

Cost of Acquisition 425.91$ 8.43$ 4.57$ Revenue per Account 14.80$ 52.36$ 78.24$

Page 7: A Savvy Pitchdeck

Other Players

• Skin on a checking account• Great design• Older target market• Sold to BBVA for $117 million

Simple

• Touchless payment system• Higher target market (credit check)• Going international• Raised $8 million – July

Moven

• Owned by Green Dot (NYSE: GDOT)• Target market unbanked• No account integration• No millennial marketing

GoBank

Page 8: A Savvy Pitchdeck

“Start with the end in mind.”

Enter a new market – Square Evenly – [Undisclosed] View Finder – [Undisclosed] 80/20 - $200 Million

Acquire competition / functionality – Intuit Mint - $170 Million Check - $360 Million GoodApril - $20 Million

Acquire technology – Major Bank BBVA - Simple.com - $117 Million

Acquires Exit in 3-5 years

$80–100 million10–20X ROI

Page 9: A Savvy Pitchdeck

Investment Opportunity

What we need: Top notch advisors Quality board members $1.7 Million for:

Accelerated development Deposit to secure cards Professional marketing

What we’re offering: 20% ownership stake Total access to leadership A role in changing the

banking industry

Page 10: A Savvy Pitchdeck

Risks & Response

Large player takes control of the market

1. Expands market2. We’re for sale3. Out innovate

Regulatory restrictions: Higher scrutiny

Fee caps

1. Aligned with CFPB & FDIC2. Transparent, flexible, responsive3. Low cost structure

Innovative competition or technology changes

1. Offer new products2. Flexible, responsive platform3. Enter new market

Changing consumer tastes1. Direct market feedback2. Short development cycle3. Enter new market

Page 11: A Savvy Pitchdeck

Our Team

Matt Hubbard – CEO & Founder – Brings 20 years of experience in electronic payment systems for some of the world’s largest banks. This is his third startup, and the one he is best prepared for.

Tom Bolger – Cofounder – Brings 20 years of experience in banking technology, with focus on risk and compliance. This is his second startup and also completed a successful IPO.

Bryce Leonard – Customer Advocacy – Brings extensive experience with interface design and client advocacy. He comes to us from a successful exit at Glad to Have You.

Page 12: A Savvy Pitchdeck

Thank you

“The poor are poor not because they are untrained or illiterate. They have no control over their capital, and it is the ability to control capital that gives people the power to rise out of poverty.” -- Muhammad Yunus

Questions?