- Spoko
- PaSS
- IGS
in Global Money Transfer
• Phygital financial ecosystem centered around turning unbanked expats to banked by digitalizing.
• With focus on remittance the ecosystem of Spoko offers a range of financial and lifestyle services for individuals via its mobile app and web interface.
• Fintech Ventures holds a majority share in Spoko.
• With over 30 pay-in countries and over 100 pay-out countries Spoko already today reach millions of potential clients.
• Attractive customer offering.
• Sizeable and growing market.
• Longstanding customer relationships based on a value added service offer.
• A growth strategy attuned to market trends.
• Platform for further expansion.
• Lean organization spurred for further growth.
• Committed management team with first class credentials based on performance.
• Significant synergies with Fintech Ventures portfolio.
• Local banks in EU regulation can’t provide fully on-boarding for non-EU customers.
• With outsourced risk and back-office Spoko is targeting a new customer group that has not previously had the opportunity to be banked.
Profit Generation
• PaSS is created to collect all Fintech Ventures assets needed for the establishment of an Alternative Online Bank (AOB).
• Having all these assets assembled in one single company gives better systematization the platform of remittance and auxiliary services.
• PaSS is the base technological solution of PASSPAY app, with its own proprietary API.
• PASSPAY app is meant to turn un-banked clients into banked clients and offers them, among possible other add-on features, tools for remittances to their home countries by having a Digital Wallet account with IBAN facilities and the possibility to have a hard or digital debit cards.
• PaSS is a wholly owned subsidiary of Fintech Ventures.
• By having Spoko as an exceptional market-entry product Fintech Ventures capitalizes further on Spoko by integrating PaSS with possibilities to sustainable recurring revenue add-on services such as debit cards, insurances, healthcare, travels, work opportunities and much more.
• Well invested with state-of-the-art license platform for further expansion.
• Key position in the value chain.
• Potential for organic growth through adding new license and software modules.
• PaSS provides licenses and services to portfolio companies to improve their customer offering.
• Within PaSS, business development takes place to strengthen Fintech Ventures’ portfolio companies.
• PaSS uses the network effects in Fintech Ventures’ portfolio companies to strengthen its license base and expand the market for both PaSSs as Fintech Ventures’ other portfolio companies – in this way, major product and market synergies are achieved.
with a Unique Product Portfolio
• Intelligent Gaming Solutions – IGS – a listed company independent of other companies within Fintech Ventures, possess the rights to Bingolotto (except for the Swedish and UK market) – the most successful lottery concept in Swedish history and is based on a combination of bingo games, lottery and entertainment TV.
• Business model includes selling the bingo lottery concept to partners of type lottery vendors and TV production companies globally.
• In addition to profit-generating lottery licenses, large gaming and e-sports rights are held where the business potentials are substantial.
• The investment horizon for IGS is shorter than for rest of group due to strategy fit.
• Fintech Ventures owns 90% of the listed company.
• Despite being a separate entity IGS is a tool for customer acquisition for Spoko and PaSS.
• PaSS is an important partner to IGS as PaSS enables and streamlines payments, security, onboarding etc.
• By supporting high potential ideas and talented teams behind them, IGS are strengthening the gaming sector from within and scaling innovative solutions that benefit the entire Fintech Ventures group.
• Scalable business model with barriers to entry.
• Attractive growth market – the global online gaming market continues to grow rapidly.
• New technology and local re-regulation drives growth.
• Enables multi-brand strategy and tailoring of offers to specific customer segments.
• Strong fan base throughout the value chain and service offering – Broadcasting. Community. Betting. Superstars. Teams. Services.
• The games market will continue to grow in the following years, exceeding $200 billion at the end of 2023.
• IGS is well positioned to capitalize on the positive market trends.