Paymint pitch by Paymint App

Go Cashless and Cardless The Fastest and The Simplest Mobile App For Proximity Payments

Get Rid Of Your Wallet

rajat@paymintapp.com

fb.com/paymintapp

The Team

Founders

Rajat Yadav CEO

Shubham Jindal COO

Koushik Mln CTO

Final Year, IIT Madras Ex. Gammon India, Geotagg

Final Year, IIT Madras Ex. Goldman Sachs, DRDO

Final Year, Birla Institute of Technology Mesra Ex. Directi, KamPayer, UberHealth

Core Team

Pavan Thatha Lead Android Developer

Company Profile “The world is fast moving towards a cashless economy. With 80% Indian population using mobiles, it is the only thing which can compete and beat the hard currency’s penetration.”

Vision Statement “To make society completely cashless and cardless in the fastest and simplest ways possible”

The Problem Even this age of mobile technology has been unsuccessful in replacing a physical wallet for proximity payments. Customer Problems

Brick & Mortar Store Problems

• Hassle of managing cash, cards and change • Absence of automated cash reconciliation systems

• Standing in long billing queues

• Burden of managing small value denominations(change) at stores

• No mobile application in market which is as easy, simple and fast as a person’s physical wallet

• No mediums for mass publicity of products/offers

Present Scenario What Competitors Offer - Everything

Payments

Mobile Recharge

What Paymint Offers – Just One Thing !

Online Shopping

Proximity Payments Phone Bills

Gas Bills

Movie Tickets

“Simplicity is the greatest sophistication” -Leonardo Da Vinci

Paymint – User App Keep Money in your wallet

Enter the amount to pay

Self-scan QR code at the vendor’s smartphone

Paymint – Vendor App Customer Scans the QR code on Vendor’s Phone

Vendor Gets an On-Screen Notification

Market

900 million mobile subscribers in India: Ensures Penetration Mobile Users

M-commerce market to grow by 55% to $19 billion by 2019: Ensures Growth

0 2016

2019 Mobile Payme nts

Penetration of mobile in proximity payments in only 2%: Ensures Scope

Cash/ Card

Competitors and USP Paymint – Fast and Simple

Competitors – Slow and Complex

• Specialized over-the-counter payments

• No specialized solutions

• Fastest transaction. Less than 5 seconds!

• Very slow. 40sec – 1min

• Minimalistic and simple. Just like a physical wallet

• Too complex. Online shopping, mobile recharge, payments, wallet – all in one.

• Money goes directly into the vendor’s bank account.

• Money goes into their wallet reducing its liquidity and functionality

• No interaction between vendor and customer

• Involves complex interaction like exchanging phone numbers

40sec

50sec

45sec

40sec

5sec

Very Complex

Complex

Simple/ Minimal

Scalability (on a scale of 1 -10)

Value addition to Vendors (on a scale of 1 -10)

Google Play Store Rating

4.3

4.2

4.1

4.3

4.6

Transaction Time

App Architecture

Traction

Launch Date: 15th Feb 2016

Downloads 1.5k+

Transaction Volume INR 220k+

Transactions 4k+

Monthly Active Users 1600

1416 1306

1400 1166

1200

Users

994 1000

889 765

800 546

600

400 170

200

219

0 0

Transaction Amount (INR)

Transaction Amount Cumulative Vs Day 90000

81189

80000 70000

62294

60000 50000

42577

40000 26494

30000 14290

20000 10000

106

431

5113

0 0

Days

Daily Active Users(Average) 130

Daily Transaction Amount (Average) INR 5000

Traction

Launch Date: 15th Feb 2016

Downloads 1.5k+

Transaction Volume INR 220k+

Transactions 4k+

Monthly Active Users Month-1

1500

Month-2 (Over from Month â&#x20AC;&#x201C; 1)

1200

Monthly Retention Rate 80% Daily Active Users(Average) 130

Daily Transaction Amount (Average) INR 5000

We have started making HEADLINES already!

“Students launch app that tackles the big problem of small change” - 9th March, 2016

“Countering Chillar Problems” - 26th March, 2016

The most important thing, users LOVE Paymint!

Good App. Good replacement for paper money. Hope this will create a new revolution in every campus Coolest app ever seen. Simple, elegant and cool mobile wallet. Required only 2g speed for net to operate. Reliable and very user friendly. Loved it. Lovely App. Fastest transaction speed I have ever seen. The minimalistic payment app. Simplest way to pay at college.

Target Market â&#x20AC;&#x201C; Closed Communities Colleges

IT Parks

Residential Colonies

Apartment Housings

High customer to vendor ratio Less user acquisition cost Repeated usage out of necessity (and not luxury). Like buying lunch, paying the milkman, buying daily items. Not penetrated by any competition. Students are radical to try in new things.

Roadmap Activities Undertaken

Product Market Fit

80%

UI/UX, App Architecture, IIT Madras Launch/User Retention

Refining Tech

70%

Removing Bugs, Smoother Flow, Faster Transactions, New Features

Readily Scalable

90%

Offline Version of the app

Revenue Model

80%

Commission per transaction from vendors

Future Activities – User Acquisition and Scaling • Cover Bangalore – 80 Colleges, 100 IT Parks, 240 Closed Colonies • Cover Hyderabad – 50 colleges, 30 IT Parks, 120 Closed Colonies • Apply for Semi-Closed Wallet License

July 2016 - July 2017

Fundraising Required: US $550k Vertical

Split-Up

Team Expansion/ Salaries

$180k

Scaling / User Acquisition / Publicity

$280k

Tech Infrastructure/Operations

$90k

Expected Growth Figures at the end of 15 months Cities Covered Bangalore, Hyderabad

User Base 2million +

Vendors On-Board 25k+

Total Transaction Volume $27m

Projected Revenue $230k

User Acquisition Cost INR 22

Expected Break-Even Period 30-35 months (by Dec 2018)

Go Cashless and Cardless

Thank You