PITCH DECK

Afriwallet is a highly successful Micro lending FinTech company and grants mobile banking services to billions of underserved people across emerging markets. These microcredits,accompanied with extensive support and resources, help to fund millions of healthy new companies.

Meet Afriwallet

Andrew took a micro-loan of €115 for the develop-ment of his company. His profits tripled and he began to be able to save each month. He is now able to send his children to school and to employ his brother.

We wish to acquire the mobile banking and mobile lending company Shake Capital. This will enable us to enlarge our market share and cut our business operation costs.

Afriwallet’s objective:

Acquisition of the Mobile lending software.

Financial Gearingto invest inMicrocredits.

A lack of financial knowledge and alack of self-reliance.

No access to any financial services.

Approximately 2 billion adults have no access to financial services. Most of them have low and un-stable incomes; they lack the resources to cope with livelihood needs or to invest in a better future.

Challenges ourtarget audience face

Providing micro credits andguidance with a focus onfarmers and entrepreneurs. Micro credits based oncollateral arrangementsand group loans.

Solution for thelocal entrepreneurs

“Microfinance is a tremendous success. It provides a pathway out of poverty for millions of people.”

- Queen Máxima

2 - 14 weeks 7 5%

-18%

97,66%Ugx, Kshand Tsh

200%-

300%

USD142,-

Most commonloan period

Min. Personsfor a communal

warranty

Standardcollateral

Monthlyinterest rate

Annualinterest rate

successfully repaid loans.

Average loan

LoanCurrencies

60%-

216%

Our Microcredits in a nutshell

TYPE OF LOAN

Business LoanMotor Taxi LoanAgricultural LoanIndividual Business Loan (Capital I)

€500,-€1.400,-€1.500,-€1.500,-

1 month12 months12 months6 months

7% per month7% per month7% per month7% per month

6% per month6% per month6% per month

12 months6 months9 months

6 months 5% per month

€5.000,-€3.000,-€5.000,-

€5.000,-

Agricultural Development Loanindividual Business LoanBusiness Group Loan

EMPOWERMENT LOANS

BUSINESS DEVELOPMENT LOAN

SME Loan

SME Loan Monthly

BUSINESS PLANINTEREST RATEMIN. TERMMAX. LOAN COLLATERAL

Table 1: Type of loans we issue

Our Microloan programme

1 week 9% per loan(max 1 month)

€25,-

Start-up Loan

Start-up Loan

DailyWeeklyWeeklyDaily

WeeklyWeeklyWeekly

Daily

REPAYMENT

Our Excellent Default Rate

Multiple Guarantors: At least 7 guarantors are legally responsible for paying back the loan, including charges and fees, if the borrower cannot repay the loan.

The collateral is 200% - 300% of the borrowed amount. The borrower and the guarantors pledge their assets or property as a collateral for the loan.

No judicial intervention necessary, directly collect deposits within 15 days after default of payment.

The collateral from Borrower’s and guarantors is often placed in our warehouse.

Our safeguards towards borrowers:

Afriwallet lends money to small entrepreneurs

The borrower pays of his loan and the interest every day.

The money and the profits will be lent to another entrepreneur1 2 3

Our rates are below the prevailing Microfinance inter-est rates (below BMIR). Our low interest rates are help-ing to fuel the strong demand for our services with a default-rate nearly hitting zero.

Multiple Guarantors: At least 7 guarantors are legally responsible for paying back the loan, including charges and fees, if the borrower cannot repay the loan.

The collateral is 200% - 300% of the borrowed amount. The borrower and the guarantors pledge their assets or property as a collateral for the loan.

No judicial intervention necessary, directly collect deposits within 15 days after default of payment.

The collateral from Borrower’s and guarantors is often placed in our warehouse.

Continuous lending cycles: Borrowers take on a new loan as soon as the last one is paid. After successfully repaying a loan, a borrower can apply for an additional and a larger loan.

Our lending model for the unbanked

Spread the use of digital financial services.

Advancing gender equality.

Driving women’s financial inclusion and empowerment.

Loans focused on opportunities in rural and remote areas.

Our mission

An algorithm that predicts ‘the willingness and ability to repay’ supports the soft-ware. The Score can be deployed at the wide end of the funnel to reduce risk and approve applications.

Afriwallet wants to acquire the Mobile Lending Software (in use since 2016) from the Ugandan company Shaka Capi-tal. Shaka is registered with the Tier 4 financial institute of microfinanceregulation (UMRA).

The Score complements underwriting tools, like credit scores, because it relies on thousands of non-traditional data points derived from a borrowers social data and digital behaviour.

‘‘Within 15 years Mobile Lending will give financial accessto all the poor and help them transform their lives.’’

How to reach a billion clients? Go Mobile!

- Bill Gates

Stay ahead of the competition.

Creditworthiness isdetermined by thousands of factors.

FINANCIAL DETAILS

GENERAL PAYMENT BEHAVIOR

TELEPHONE INFORMATION

RENT / MORTGAGE PAYMENTS

UTILITYPAYMENTS

LOCATION AND

MOVEMENT DATA

GENERAL PAYMENT

BEHAVIOURREGISTRATION

DATA

How and Why

Increase profitability by 32% by cutting costs, expanding our market and reach an even higher success-rate.

Expand our target audience from millions to billions. Expand current loan portfolios.

Simple loan application

*168#

Dear Simon, Welcome to Afriwallet Mobile Banking.Please enteryour PIN

1. Account balance 2. Mini overview3. Transfer4. Utilities5. Mobile Money 6. Air time7. Loan application8. Change PIN9. Log out

1. Apply for a loan0. Home

x x x x

MENUSelect an option

1. 30 days2. 60 days 3. 90 days4. 1 year0. Home

Select a period

Cancel Send

Please enter an amount (Between $25.00 and $250.00)

Your loan application has been processed successfully.

Your reference number is X X X X X X X

*168#

Dear Simon, Welcome to Afriwallet Mobile Banking.Please enter your PIN

1. Account balance 2. Mini overview3. Transfer4. Utilities5. Mobile Money 6. Air time7. Loan application8. Change PIN9. Log outx x x x

MENU

Cancel Send

Please enter the amount you would like to transfer

Cancel Send

Please enter your payment reference or invoice number:

Cancel Send

Please enter the seller’s Merchant’s number

Your payment has been processed successfully.

Your payment reference number is X X X X X X X

No hustle paying off.

How it works

Competitors

Lenddo is a provider of mobile lending software but they do not provide loans. Lenddo received $12 million in invest-ments from Accel Partners, Blumberg and the founder of Skype.

We are seen as a social enterprise where the competitors are seen asordinary business enterprises. Because of our social objective we have a large amount of goodwill and therefore a high demand of our services. Our loans serve just one purpose, to help the poor start small businesses and not for per-sonal use.

Branch is a mobile lending firm. They offer the software and provide microloans to the underserved. Branch received over $250 million in invest-ments from Visa and IFC. They are not seen as a social enterprise.

An estimated 1.7 billion adults do not have a bank account or access to any kind of banking services; they do posses a mobile phone.

Africa's mobile money market has expanded and diversified but yet still only 11.6% of the unbanked have access to mobile money. The market of Mobile Lending is currently thefastest growing market in the world.

Large Majorities in sub-Saharan Africa own mobile phones.

73% 51% 49% 44% 43% 39% 39% 34% 33% 32%

Kenya Uganda Zimbawbe Gabon Namibia Ghana Tanzania Côte d'Ivoire Burkina Faso Senegal

11.6%

SUB SAHARA AFRICA

The mobile lending marketOxford Business states that Mobile

banking and mobile money will continueto rapidly grow in Sub Sahara Africa.

Go mobile:

Source: Global Findex Database, World Bank.

1.7billion

Bjorn serves as PR-manager and partner. Prior to investing in Afriwallet, he had built a multi-million dollar business and had a successful exit.

Bjorn de JongFrits supports PR at Afriwallet. For over 17 years he held senior roles at Rabobank. He is also the author of several educational management books.

Frits Gubbels

Rien leads Afriwallet’s operations. Before co-founding Afriwallet, he held senior roles in outsourcing and logistics.

Rien Kornegoor

Grace brings deep credit risk expertise. Previously he served PWC, E&Y, KPMG, Stan-bic Bank and Barclays Bank focusing on Credit Risk.

Grace Ndyareeba

Meet our management team

Guido leads new market expansion. He brings expertise in emerging markets. Previously he served for AFC Ajax as a pro-scout.

Guido Friedrich

EXPECTED COST

AFTER ACQUISITION

€2.597.507

€2.733.401

€3.463.430

€4.045.570

€4.618.023

€6.139.966

€1.248.774

€488.827

€1.665.074

€723.489

€2.220.155

€1.098.040

YEAR 1

Expected costsExpected turnover

AFTER ACQUISITION

YEAR 2

AFTER ACQUISITION

YEAR 3

Table 4: After acquisition of Shaka

€1.348.733

€1.798.356

€2.397.868

€1.807.496

€2.885.003

€4.604.849

YEAR 1

Profit without Mobile Lending Profit with Mobile Lending

YEAR 2

YEAR 3

Table 5: Forecast Afriwallet

Grace brings deep credit risk expertise. Previously he served PWC, E&Y, KPMG, Stan-bic Bank and Barclays Bank focusing on Credit Risk.

Financial forecast

EXPECTED PROFIT

Guido leads new market expansion. He brings expertise in emerging markets. Previously he served for AFC Ajax as a pro-scout.

Needed for:- acquiring Shaka Capital- gearing to invest in Microcredits.- expansion to more sub-Saharan African countries

Investment proposal

€ 1,500,000

Preference for a convertible loan(A payback period of 2 years through savings.)

Conversion date is on 1st July 2021 or; once ≥1 million is aggregate.

7,5% interest to be converted at conversion date

25% discount on conversion price

Minimum ticket: €50,000

In addition, Afriwallet secured over €1,000,000 investment from its founders.

Thank you for your time. If you have got any questions feel free to contact us

+31 6 10118222pc.vermeer@investorready.nl

Contact