EXECUTIVE SUMMARY

  • Explosive Growth

  • Reaching Breakeven In this Fiscal Year
  • 47% Gross Margin and Growing

 

  • Strong Financials

  • Revenue Growth 43% YOY
  • Monthly Volume Growth +210% over 12 Months

 

  •  Doing Well by  Doing Good

  • Created Estimated 6,000 Jobs 
  • Saving Time & Money for Financially Underserved Consumers
  • Empowering Women
  • Demonstrated Customer Demand

  • Serviced over 170 million customers
  • 315,000+ Points of Presence

 

  •  Huge Market

  • Estimated $8 Billion Revenue Potential
  • Leader in the Space
  • Only 15% of bank account have transactions

 

  • 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