copy of olly biz deck_02-17
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ceo@getolly.comDIGITAL CREDIT APP
DIGITAL CREDIT APP
ceo@getolly.comDIGITAL CREDIT APP
A digital credit app for India’s working masses
Olly is a mobile first credit app for millennials & shared economy workers with a dynamic credit limit
around AI-based underwriting
ceo@getolly.comDIGITAL CREDIT APP
ONLY 7%of India’s middle class have
credit cards:
a) Bank’s focus on the creamy layer
b) Millennials don’t have a credit score
Source: consumer credit report for 2016
c) They are app users & hate bureaucracy
ceo@getolly.comDIGITAL CREDIT APP
90Millionpotential market for Credit
Cards in India by 2020
a) 24.5 Million credit cards Vs 661.8 million debit cards
b) Only 16 Million credit card users
Source: consumer credit report for 2016
ceo@getolly.comDIGITAL CREDIT APP
Opportunity
The 21 – 34 age group Low on default/ High LTV
48.8 MillionSMBs + Shared economy workers
OLA = 6,00,000 Drivers Delhivery = 40,000 delivery workers
ceo@getolly.comDIGITAL CREDIT APP
Get credit in 180 seconds
1. Download the app
2. Share minimal details 3. Validate email and phone number
ceo@getolly.comDIGITAL CREDIT APP
CIBIL SCOREREPAYMENTS
16100% IN TIME
TRANSACTIONS
240
ceo@getolly.comDIGITAL CREDIT APP
Risk assessment: Olly AI
Geo tracking
Workplace rating
Career Progression
Institutional Underwriting + Track Behaviour Patterns
ceo@getolly.comDIGITAL CREDIT APP
Keep sharing & increase credit limit
KYC’s
ceo@getolly.comDIGITAL CREDIT APP
Lender dashboard:
Transactional data User data
ceo@getolly.comDIGITAL CREDIT APP
Compliance Ready
+Lender Processor
ceo@getolly.comDIGITAL CREDIT APP
Traction
Revenues
Successful Pilots CEO’s
Radi Walla
MBAStd
MBAStd
ceo@getolly.comDIGITAL CREDIT APP
Olly’s Business Model
1. Revenue share with lender
2. Dashboard subscription
Also, we share the risk
ceo@getolly.comDIGITAL CREDIT APP
Competitive landscape and competitive advantage
Startup VS Incumbent
ceo@getolly.comDIGITAL CREDIT APP
Team
AshwinProduct |
Tech | Business
RingaileProduct | Design
AbdulazizSoftware
Development
TonySoftware
Development
MomenSoftware
Development
ceo@getolly.comDIGITAL CREDIT APP
Financials
INR Lakhs. FY 18 FY 19 FY 20
Interest Income 23 1,275 30,963
Subscription Income 10 588 14,469
Transaction Fee 8 941 23,150
Total Revenue 41 2,803 58,583
Total Expenses 221 896 10,361
Net Margin (180) 1,907 58,222
Net Margin % NM 68% 84%
ceo@getolly.comDIGITAL CREDIT APP
Scale up plan
1. Get to 10K Users
2. Establish systems & processes
3. Adoption by diverse user groups
4. Establish strategic tie-ups
ceo@getolly.comDIGITAL CREDIT APP
B2B2C Sales Process
OLLY TEAM
SMB
EMPLOYEEDATA
EMAILS TO EMPLOYEES
ceo@getolly.comDIGITAL CREDIT APP
Previous raise
Rs.62L
Founders
Rs. 38 L from Startup Chile / angel investor & Rs. 25 L founder's contribution
ceo@getolly.comDIGITAL CREDIT APP
Existing raise
Rs.2.4CR
Rs. 70 L committed from Jaarvis / other angels
ceo@getolly.comDIGITAL CREDIT APP
Risks, Challenges and Mitigation
Risks and challenges Mitigation Default of Repayment Technology / Systems and processes
Competition from established players Core strenghts + Strategic Tie-uos
Regulatory Challenges Favourable environment
Raising Capital Continous fund raising process
ceo@getolly.comDIGITAL CREDIT APP
Awards and Recognition
ceo@getolly.comDIGITAL CREDIT APP
DIGITAL CREDIT CARD APP
“Ask us for a demo”
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