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Freedom to access money around the world
2
$ US 10Mtransaction volume since October 2016.
+27000 users
Problem
3
No transparent exchange rates
Hidden cost
High commissions
Delays in receiving money
ForeignWorker
Traveler
ImporterExporter
Name : JenniferCountry of Residence: ChinaNeed: RMB ¥ 10,000 in China
Front End - Receiver
Front End - Sender
Name : JeffCountry of Residence: TaiwanSend: $45,647 (to CherryPay Taiwan)
Back End: Step 1
CherryPay Taiwan find a user (Clara) in China to match the request
Back End: Step 2
Task accepted
“ I need to send money to Jimmy in Taiwan.”
Back End: Step 3
Clara sends moneyto Jennifer in China
Back End: Step 4
CherryPay Taiwan sends money toJimmy’s account in Taiwan
Jimmy received his money
CherryPay’s Solution
Mid-market rate
Receive money in 1 hour
0.5% - 2% service feeNo hidden cost
1 0
1 1
Pure P2PShare profits
with usersPartnerships
How are we different
Market
1 2
$140 B USD
$30 B USD
East Asia &Pacific remittance market
Total serviceablemarket
CherryPay’s2019 target
1 B USD
2017 - 2018
2017 - 2019 Expansion
Taiwan to:
China
Japan
Thailand
Korea
Philippines
Indonesia
Vietnam
The U.S.
1 3
Hong Kong
Korea
Indonesia
Vietnam
Cambodia
The U.S.
2019 - 2020
China
Japan
Thailand
Philippines
Singapore
Malaysia
Australia
2018 - 2019
1 4
Projected growth in 2 years
1 5
July 2017 Jan. 2018 July 2018 July 2019
Revenue (USD)
326k
696k
1,612k
Net Incomebefore tax
Transactionvolume (USD)
80M
2M
Jan. 2019
Revenue Transaction volume
500K
1000K
47k140k
Our Team Members
6
+10 years of cross border eCommerce experience+15 years of experience in banking industry
