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Explosive Growth
- Reaching Breakeven In this Fiscal Year
- 47% Gross Margin and Growing
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Strong Financials
- Revenue Growth 43% YOY
- Monthly Volume Growth +210% over 12 Months
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Doing Well by Doing Good
- Created Estimated 6,000 Jobs
- Saving Time & Money for Financially Underserved Consumers
- Empowering Women
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Demonstrated Customer Demand
- Serviced over 170 million customers
- 315,000+ Points of Presence
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Huge Market
- Estimated $8 Billion Revenue Potential
- Leader in the Space
- Only 15% of bank account have transactions
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eCommerce Needs a Payment Solution
- 60% of eCommerce done via COD which is expensive and excludes 60% of postal codes
- Our agents enable anyone with cash to take advantages of eCommerce opportunities
MARKET NEED
India has the Largest Unbanked Population; Looking For a Way To Pay Digitally
- India has the largest unbanked population in the world1
- Only 182,000 ATMs2
- Only 15% of adults report using an account to make or receive payments1
- 72% of bank accounts show zero balance3
Sources:
1 : Word Banks’ Global Financial Inclusion Database
2 : Reserve Bank of India
3 : Indian Ministry of Finance’s website for the Pradhan Mantri Jan Dhan Yojana scheme
- Competitors like PayTM, Mobikwik, Freecharge and Oxigen are targeting banked consumer who already have access to other digital payment form factors like credit and debit cards.
- Our estimated market size is $8 billion1 in annual revenue
Source:
1:Company Estimate
2 Word Banks’ Global Financial Inclusion Database