1

INTRODUCTION

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THE FINANCIAL INDUSTRY HAS A MUCH LARGER PROFIT POOL THAN RECENTLY DISRUPTED INDUSTRIES

BANKING AND ASSET MANAGEMENT

1.3 RETAIL SECTOR (1)

0.7COMMUNICATIONS (2)

0.5

PRINTING & PUBLISHING

0.1RECENTLY DISRUPTED INDUSTRIES

(1) Excluding motor vehicles (2) Transmission of sound, images, data or other information via cables, broadcasting, relay or satellite.Source: The Bank of the Future, Miklos Dietz, McKinsey

2015 global pro�ts by industry, USD trillion

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MARKETPLACE LENDING IS A MASSIVE GLOBAL TREND BUT STILL ONLY REPRESENTS 2 % OF BANK

2 % MARKETSHARE+ 100 %

60 BEUR MARKETPLACE CONSUMER LENDING (1)

EU & USA (2) 2016

30 BEUR MARKETPLACE CONSUMER LENDING (1)

EU & USA (2) 2015

(1) Unsecured Consumer Loans (2) Includes the top 5 platforms in EU and USA respectively (estimation of outstanding balances)

3 000 BEUR BANK CONSUMER LENDING

EU & USA (1)

CONSUMER LENDING

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BANK CONSUMER LENDING IS VIRTUALLY UNTOUCHED BY MARKETPLACE LENDING IN SWEDEN…...but the requisites for its success are very strong

HIGHLY PROFITABLE SEGMENT OF THE MARKET

1) Unsecured Consumer Lending

HIGH-QUALITY CREDIT DATA EASILY AVAILABLE

LOW AND STABLE CREDIT LOSSES

WELL ESTABLISHED INFRASTRUCTURE FOR COLLECTING DEBT

REGULATED MARKET

DIGITAL SOLUTIONS FOR IDENTIFICATION AND PAYMENTS

20 BEUR BANK UNSECURED CONSUMER

LENDING SWEDEN (1)

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WHAT IS LENDIFY?

THE LEADING

ONLINE MARKETPLACE

LENDING PLATFORM IN SWEDEN

UNSECURED

CONSUMER LOANS

TO PRIME SEGMENT

(LOW RISK)

WELL CAPITALIZED COMPANY:

100 MSEKIN TOTAL

EQUITY FUNDING

LICENSEDBY THE

SWEDISH FSA (SW.

FINANSINSPEKTIONEN)

55

CONNECTS BORROWERS WITH INVESTORS 30

EMPLOYEES

4250 ACTIVE INVESTORS

GROWTH (LTM): 241 %NET RETURN (LTM): 6 %

491 MSEK LENT TO BORROWERS

GROWTH (LTM): 1587 %INTEREST RATE (LTM): 9 %

ACCESS TO:

INSTITUTIONAL CAPITAL

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• Soft launch ofplatform.• Seed-round ofSEK 20M completedvaluation approx.SEK 60M

2014

2015

2016

2017

• Hard launch of platform• Sophisticated creditdecision- and scoringprocess implemented.• Function forcompliance and riskcontrol (FCG AB) and internal audit(Deloitte) established.

• Bank ID identityveri�cation introduced• Swedish FSAlicense granted• Agreement withLindorff as backupservices providerreached.• A-round SEK 70Mcompleted valuationapprox. SEK 210M

• Entered intopartnership withTrustly• First bond issueof SEK 200M• Second bond issueof SEK 100M

PAID OUT LOANS2014 – 2017, MONTHLY CUMULATIVE

2014 2015 2016 20170

MSEK

50MSEK

100MSEK

150MSEK

350MSEK

200MSEK

400MSEK

250MSEK

450MSEK

300MSEK

500MSEK

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HOW DOES IT WORK?

LENDIFY´S TRANSPARENT ONLINE PLATFORM

Marketing

Credit Assessment

Contracts

Payments

Customer Service

Compliance, Risk Control & Internal Audit

BANK

LOAN FUNDING (BALANCE SHEET)

LENDIFY

Bank Retail investors

Institutionalinvestors

Marketing

Credit Assessment

Contracts

Payments

Customer Service

Compliance, Risk Control & Internal Audit

Debt Collection Debt Collection

LOAN FUNDING ("PEERS")

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INVESTMENT

TRANSPARENT ONLINE PLATFORM FOR INVESTORS

LIQUIDITY AND

INVESTED CAPITAL

ACCOUNTS AND INVESTMENTS

LOAN PORTFOLIO DATA (DURATION,

RISK ETC.)

CASH FLOW PLAN

RETURN OVER TIME

SUPPORTING SERVICES

STRINGENT CREDIT DECISIONS PROCESS

~10%Current

Approval Rate

Minimum Criteria for Borrowers• At least 18 years old and resident in Sweden• No payment remarks• No outstanding debt with the Swedish Debt Enforcement Authority• Stable annual incone of at least SEK 180 000• Swedish bank account and Bank ID

Target approval rate to be reach by OPTIMIZATION of the channel mix and FINE-TUNING of internal processes.

BANK IDVERIFICATION

DATACOLLECTION

CREDITCHECK

LEFT TO LIVE ONCALCULATION

VERIFICATIONOF COLLECTED

DATA

1 2 3 4 5

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9

AVERAGE BORROWER AND LOAN CHARACTERISTICS

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44YEARS OF AGE

INCOME

400000 SEK P.A.

CAR PURCHASE

HOME IMPROVEMENT

DEBT CONSOLIDATION

MARRIED /COMMON LAWS

SIZE 120000 SEK

INTEREST 9 %

DURATION 7 YEARS

LIVES IN

RURAL AREASEMPLOYMENT PERMANENT JOB

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ASSET CLASS CHARACTERISTICS

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CAPITAL PROTECTED BY

LENDIFY’S PROVISIONAL

FUND

BANKS’ EXPOSURE TO ASSET CLASS

≈ 200 BSEK

”OLD” ASSET CLASS

WITH DECADES OF TRACK RECORD

MONTHLY CASH FLOW

(PRINCIPAL + INTEREST)

UNCORRELATED WITH THE

STOCK MARKET

VARIABLE INTEREST RATE ON UNDERLYING LOANS

9%

INTEREST RATE (LTM)

1% NET CREDIT LOSSES (LTM)

6% NET RETURN (LTM)

2% LENDIFY’SSERVICE FEE

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DISTRIBUTION OF:

• INVESTORS

• BORROWERS

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WHAT DO WE WANT TO ACHIEVE?

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MARKETPLACE WITH 5 % (20 BSEK)

OF THE NORDIC UNSECURED LOANS

MARKET

A HUB THAT OFFERS MULTIPLE TYPES OF LOANS AND CATERS FOR SEVERAL

TYPES OF INVESTORS

< 5 YEARS

< 10 YEARS

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STEN SCHRÖDER

WHO ARE THE PEOPLE BEHIND LENDIFY?BOARD OF DIRECTORS

ERLING GUSTAFSSON (Chairman) JOHN-CHRISTIAN ERIKSSON (Founder)

FREDRIK WALLENBERGMATTIAS LINDROTH HANS WESTIN

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JOSÉ CARTRO (CTO)Nordax / Royal Institute of Technology

ERIK WIKANDER (CMO)eDreams ODIGEO, PwC / University of Stockholm

NICHOLAS SUNDÉN-CULLBERG (CEO)Morgan Stanley / Stockholm School of Economics

ERIKA ELIASSON (CIRO)Erik Penser / University of Uppsala

VINCENT KOLB (CCO)Citibank, Marginalen / Stockholm School of Economics

THERESE SVENSSON (CFO)Qliro, PwC / Stockholm School of economics

WHO ARE THE PEOPLE BEHIND LENDIFY?MANAGEMENT TEAM

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WHO ARE THE PEOPLE BEHIND LENDIFY?ORGANIZATION

NICHOLAS SUNDÉN-CULLBERGCEO

ERIKA ELIASSON INVESTOR RELATIONS

ERIK WIKANDER MARKETING

THERESE SVENSSON FINANCE

VINCENT KOLB CREDIT

JOSÉ CARTRO IT

JOHN-CHRISTIAN DE CHAMPSTECH EXPERT

+2 FTE +1 FTE +2 FTE +8 FTE +8 FTE

COMPLIANCE RISK CONTROL INTERNAL AUDIT

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