Investor Presentaiton
New Product Development
Exploration of new products is a key component of the company's strategy, supporting our aspirations to improve customer
satisfaction and retention
•
CTL is a short-term (~12 month) non-payroll loan product designed to cover short term cashflow requirements of
employed individuals
•
Loan is secured on the back of the borrower's movable asset (typically motor vehicle)
1.
Car Title - Backed Lending (CTL)
•
LTVs in the range of 40%, with intelligent underwriting that utilises real-time asset sales
.
Low default rates on the back of technology-driven asset control
2.
Benefits of CTL
•
•
Designed around maximum speed and customer convenience (a unique value proposition to bank lending
processes)
-
Growth Enhancement
Complimentary and exclusive customer acquisition
Asset growth with roughly ~3x average payroll loan size
Provides ability to develop offerings around value chain
Improved Quality of Earnings
=
Cost of Risk improvement to payroll
Profitability of product
No draw on existing operational capabilities, but can benefit from leveraging support functions
Execution
―
Model proven and scalable, with important barriers to competition
Strictly Private & Confidential
8
00View entire presentation