African Fintech Pitch 13 th October, 2016

Transcription

1

2 African Fintech Pitch 13 th October, 2016

3 We believe in a world where technology is seamlessly integrated in our lives facilitating transactions in a clear, convenient and intuitive manner.

4

5 Our Pitch We are an Enabler We are creating social, environmental and economic value across Africa by securely enabling the electronic circulation of money on a timely and continuous basis. We are building multi-channel payment platforms & commerce solutions that will enable innovators and entrepreneurs across the continent to implement new product ideas & develop unique business models. Why How What We believe that meaningful change in Africa starts with Africans taking control of their destiny and leading through innovation The way we contribute to Africa is by facilitating the intuitive forms of exchange Interswitch provides businesses with multichannel transactions solutions

6 We are driving an Africa-focused innovation agenda Here s a snapshot of our growing footprints across Africa INTERSWITCH AFRICA ROADMAP (2020) Pan-African Card Scheme Global Utilization Cost Efficient Nationally Oriented Mobile Banking Technology & P2P Universal Remittance Gateway PayCode 1 2 Competitive Switching & Processing Switching and processing hubs Technology & Knowledge Centres E-Payment Growth Fund Entrepreneurship Hub Localize Switching All Card Schemes Regional Hubs Corporate Solutions: Industry Verticals Government Transport Financial Services Retail Entertainment Physical presence 1 Product sales Product acceptance 2 Financial Inclusion Services Digital Banking Digitization of Cash Service Aggregator. 1. Future plans to establish physical hubs in North and Southern Africa 2. Certain products can be used in other countries through the UBA network, Burkina Faso, Gabon, Liberia, Zambia, Cameroon, Congo DRC,Senegal, Cote d ivoire, Benin, Mozambique

7 Some of our notable innovations have redefined payments in Africa s largest economy Nigeria s largest and most used online payment platform 3+ million active users Over 5,000 Active Merchants Multi-Channel Accessibility (ATM, PoS, Web, Mobile Apps/USSD) Now available in Gambia, Kenya and Uganda The most Successful homegrown payment card in Africa 40% Market Share in Home Market (NG) Accepted in 21 African countries Issued by over 50 financial institutions in 4 African markets Over 14 million payment cards in circulations/11 million active cards 16 million virtual tokens *Trading as 75% Active Agent Network Agrresive Vision to reach 150,000 active agents across Africa by 2020 Growing presence in East Africa through PESA POINT

8 IMPACT SOLUTION PROBLEM How exactly did we solve real problems in the market? Millions of bank customers in Nigeria were for years faced with inconveniences of having to physically visit specific bank branches to transact. Customers had to wait for days to consummate inter-bank transactions Expensive costs of running with international card schemes. Also costs associated physical cards are higher Many financially-excluded Nigerians cannot receive money because they don t have bank accounts Fragmented Agency networks of existing MMOs (No interoperability), which meant higher costs and fewer opportunities to earn revenue for Agents Very costly technology platforms Large population of financially excluded people Epileptic service availability Consumers BoP customers, many of who are illiterate struggled with the technology involved in operating wallets of existing MMOs Interswitch Innovation: Quickteller makes it possible for users to pay bills, send money, buy airtime etc from anywhere and receive value instantly Reduced operating costs and improved efficiency for banks Interswitch Innovation: Verve provides secure physical and virtual tokens that are biometric and capable for 3 factor authentication VERVE PAYCODE solved problem of P2P transfers to people without bank accounts Interswitch Innovation: Provided bridge for FIs to expand their reach to the financially excluded via a large network of agents spread across the country Result: Multi-channel accessibility of Quickteller to over 3 million users and 5,000 Merchants (Corporates and SMEs). A Remarkable boost to e-commerce in Nigeria Verve has over 32 million physical and virtual payment instruments in circulation, and Verve Paycode is helping close financial inclusion gap in Nigeria A boost for Financial Inclusion in Nigeria. In just 4 months, we ve aggressively built an agent network of with 75%Agent activity ratio. Also Social Impact( Employment Generation) Paycode 8

9 Some more case studies Quickteller breaking new ground in social commerce with Blackberry Promoting new and revolutionary streams of innovation emerging out of Africa USD1.2 million We are enablers of payment innovation MEST, with the support of Interswitch has invested in 25+ early stage companies in industries such as e-commerce, agriculture, healthcare IT, consumer internet, and digital media. We have created a thriving ecosystem by opening our payment gateway via APIs to other Fintech start-ups to use to facilitate their transactions

10 Economic Impact- Innovation has driven remarkable business growth for us 3m+ 5,000 32m+ 150k 3.9bn USD4bn 32bn+ customers Merchants/Collections Merchants Transactions per year Payment collection (Value) Transaction value Processed per Annum (Volume) O M N I - C H A N N E L : A T M W E B M O B I L E K I S O K I V R B A N K B R A N C H A G E N T S P O S [N30.8b] USD102 million Revenue (YE Mar 2015) OUR BUSINESS PERFORMANCE CONTINUES TO IMPROVE [93%] Recurring Revenue profitable since year 1 with no debt

11 To us, innovation is very much about continuous improvement Since 2010 Since Interswitch is a process driven organization focused on delivering world class systems and processes to support our business, customers, partners and stakeholders Internal Processes Customer Service Project Management Our world class processes and systems have also received global certifications and attestation pursuant to compliance with local and international regulatory requirements and standards Product Management Sales 11

12 TO US, INNOVATION IS MORE MEANINGFUL WHEN IT HAS REAL SOCIAL IMPACT We are backing young entrepreneurs and actively investing in new and exciting streams of innovation that are emerging from Africa FOCUS: Technology driven logistics - ecommerce STRATEGIC FIT: Online & Offline payment processing POTENTIAL IMPACT: Very high INVESTMENT: $850,000 STATUS: Deal Concluded INTERSWITCH e P a y m e n t G r o w t h F u n d We believe. that meaningful change in Africa starts with Africans taking control of their destiny and leading through innovation FOCUS: multi-sector inventory management platform STRATEGIC FIT: Inventory Aggregator (hotels, airline) POTENTIAL IMPACT: Very high INVESTMENT: $1m STATUS: Deal Concluded we therefore seek early stage ideas, business and disruptive models with potential to generate significant value in the payment value chain USD1.2 million investment in MEST Entrepreneurship Platform over 2 year period in West Africa 12

13 Our efforts have been recognized and rewarded over the years 2015 and beyond Transformative Business Awards Interswitch remains committed to Excellence Fastest growing tech company in Africa Global Growth Company Interswitch founded Mitchell Elegbe - Business Leader of the Year 13

14 Thank you