overview of fintech industry - business case lvey
TRANSCRIPT
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LVEY
AUGUST 2016
FINTECH OVERVIEW AND BUSINESS CASE
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FINTECH
What is FINTECH?
FIN: Financial Services
TECH: Technology
“Use of innovation to enable, enhance and disrupt financial services”
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FINTECH
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ECOSYSTEM
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INDUSTRY SIZE
Investment2014 – 6,7 B2015 – 13,8B
Number of Deals2014 – 5702015 – 633
# Mega Deals - >50M2011 - 2013 – 152015 – 60
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CHALLENGES
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THAI FINTECH ECOSYSTEM
Bank Accelerators Telco Accelerators
Regulators
FinTech Association
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THAI FINTECH ECOSYSTEM
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BUSINESS CASE
LVEY
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EXECUTIVE SUMMARY
What we Do: Currency Exchange Lvey is an ewallet. It allows you to carry,
convert and spend your money abroad in a convenient and cheap way.
“Using Lvey you can stay focus on your travel experience.”
Our first market is: Eurozone travellers in Thailand.
(for leisure or business purpose)Current Status: Early-Stage MVP available on the Google PlayStore
Founded: 2016 Founded early 2016
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Who we Are
On Demand foreign currency mobile App
A Counter exchange Available 24/7 in your pocket
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PROBLEM
To get foreign currency :
Bring home currency and exchange it in a counter
Withdraw cash with its bank card
Unsafe
BUT IT’S:
Costly
YOU CAN:
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SOLUTION
LVEY is a mobile solution to store, exchange and use your money everywhere in the world
SAFE: Don’t have to
carry huge amount of cash
App secure Access
COST SAVING: Avoid bank fees Transparency
on Rate exchange
Decide at what Fx you want to Convert your money
CONVENIENT: Withdraw 24/7
in our parnters ATMs
Convert your money 24/7
Track your transactions
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SOLUTION
SAFE: Don’t have to
carry huge amount of cash
App secure Access
Access: Every access to the app requires to enter your PIN
Know your customer:Verification of Phone + Email + ID
2FA:Transaction codes are sent in two part (email + phone)
Account limits
EncryptionCard transaction managed by PCI Level 1 third partyAES 256 encryption / SSL
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COST SAVING: Avoid bank fees Transparency
on Rate exchange
Decide at what Fx you want to Convert your money
SOLUTION
Average Cost for a transaction of 20’000THB as of 02/08/16
Fees
Exchange Rate
You paid
Exchange Bureau
0€ 38,40 521€
Western Union 35€ 37,11 574€ATM Withdrawal
19€ 37,88 547€
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COST SAVING: Avoid bank fees Transparency
on Rate exchange
Decide at what Fx you want to Convert your money
SOLUTION
Fees
Exchange Rate
You paid
LVEY 2,5€ 38,75 519€Exchange Bureau
0€ 38,40 521€
Western Union 35€ 37,11 574€ATM Withdrawal
19€ 37,88 547€
Average Cost for a transaction of 20’000THB as of 02/08/16
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CONVENIENT: Withdraw 24/7
in our parnters ATMs
Convert your money 24/7
Track your transactions
SOLUTION
Available 24/7
Transparency on cost and FX
Same price at each POS
Exchange before your travel
Track your transactions
Send to Third Party
LVEY X X X X X
Exchange Bureau
X
Western Union X X X
ATM Withdrawal X X X
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HOW IT WORKS
Top up
1 – TOP UP :LOAD YOUR EWALLET WITH YOUR BANK CARD OR BY BANK TRANSFER
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HOW IT WORKS
Top up Exchange
2 – EXCHANGE:EXCHANGE YOUR MONEY AT BEST RATE WHENEVER YOU WANT
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HOW IT WORKS
Top up Exchange Request
3 – REQUEST:WHENEVER YOU NEED MONEY JUST REQUEST IT THROUGH YOUR APP
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HOW IT WORKS
Top up Exchange Request Collect
4 – COLLECT:COLLECT YOUR MONEY IN CARDLESS ATMs
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HOW IT WORKS
Top up Exchange Request Collect
Enjoy your day
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PRODUCT SCREENS