KarryGo Technologies Limited

KarryGo is a transport application built on blockchain technology that allows for seamless payments between riders and drivers

Transcript

1. Investment Opportunity in Digix Investment Teaser July 2023
2. About Digix § Digix Technologies is a technology company focused on using blockchain technology to re-engineer complex solution and making them simple including payment § The company has built several blockchain utility assets over the last 18 months. What we have built so far Digix Infrastructure § Digix has also built its dedicated payment gateway § Dedicated blockchain with its native token NHX Sphinx § Robust Cross-border payment solution § Completed over 3,000,0000 test data § 52,000 subscribers
3. About KarryGO § Launch of KarryGo, a novel Transport Management Solution aimed at revolutionizing the transport industry with respect to payments and value chain management amongst others Partners Digix will achieve 1m users within the next 12 months through its various deployment via KarryGo. KarryGo 1 million users over the next 12 months Raised $11.4m in 2021
4. About KarryGO Digix will achieve 1m users within the next 12 months through its various deployment via KarryGo. https://youtu.be/u6xhEhtROic
5. Strictly Confidential Page | 5 KARRYGO TIMELINE KarryGo signs exclusive partnership with RTEAN to implement transport fare collection system. KarryGo launches beta programme by onboarding first 10,000 users KARRYGO executes Virtual Account Agreement with relevant partners such as Ziiropay, Wema Bank KarryGo carries out enterprise testing by Asssured Testing KarryGo commences operations with the FCT KarryGo has commenced the process of obtaining ISO 27001 certification § KarryGo has gone into a partnership with Road Transport Employers Association of Nigeria to provide technology support for fare collections. § KarryGo relies on blockchain infrastructure to ensure transaction are seamless and relieable. About KarryGO KarryGo Timeline
6. Our Partnership with RTEAN • Digix has signed a 2 year contract with Road Transport Employers Association of Nigeria for fare collections for all its members in 4,000 motor parks nationwide through Karry Go. 01 03 04 02 Process 1,000,000 commuters through its exclusive fare collection contract with Road Transport Employers Association of Nigeria. Process over $10m and $300m in daily & monthly transport fares Manage the entire transportation value chain on a single app Serve as proof of capacity to work with various stakeholders/industries within the macro economy Provide Manifest and other security features to support road transport Why the partnership makes sense 05
7. Why Back Us? S/N Benefits KarryGo Cowry KarryGo Advantage 1 Transport Route InterCity & IntraCity IntraCity Higher Utility 2 Coverage National State Larger Coverage 3 Wallet Multi-User Single User Quick Adoption 4 Payment Options USSD, QR Code Card, QR Code Better Penetration 5 Infrastructure No Internet Required Internet Based Higher Reliability Peer Comparison Unique Selling Point Strong Ecosystem Advantage Our products are built within our strong blockchain & tech ecosystem, thus bringing about efficiencies and economies of scale Huge market opportunities Blockchain is undoubtedly going to change the normal ad this is going to extend to payments and beyond. Whilst still at early stages, it provides huge opportunities to enter Deep Understanding of markets We understand the market and are able to create economic value out of the market we play in Strong earning Potentials Due the nature of products and ability to deploy deep and wide with efficiencies, this provides an opportunity to earn significant returns Strong backing We benefits from a rich team with strong industry experience cutting across business and technology sector.
8. Strictly Confidential Page | 8 INVESTMENT JUSTIFICATION Why KarryGo? § The transport sector in Nigeria is one of the fastest growing sector, the sector thrives on cash activities and the recent cashless policy by the CBN will drive the growth of this application. Our application has been put forward by RTEAN to the FG to support the World Bank Conditional Cash Transfer programme in Nigeria. § Early Investors in nascent but rapidly growing ventures usually enjoy an “early mover advantage”. The gradual shift in the global financial ecosystem to a world of digital assets and tokens has created a new normal. Hence elevating valuations for early investors and offering significant exit opportunities for strong return on investment § The Company leverages blockchain technology to power its processing systems to ensure 100% uptime and also has USSD options to improve financial inclusion and has other ads on such as TAIS – Travel Accident Insurance Scheme amongst others § We have struck strategic partnerships with identified key players within the sector. Our partnerships cut across regulators, financial institutionsm car manufacturers, Road Transport Association amongst others. KarryGo will drive its goal of creating new markets for digital payment across Africa § The Company is backed by vastly experienced and ambitious board of advisors. The board comprises of individuals with proven track records of delivering impeccable projects within and outside the financial services sector in Nigeria and beyond Huge Growth Potential Strong Earning Potential Robust Business Model Strong Partnerships Experienced Board of Advisors
9. Projections Karry Go Projections Quarter 1 Quarter 2 Quarter 3 Quarter 4 No of Parks 300.00 750 1,500 3,400 Average Passenger Per Park Daily 900.00 1,600 2,750 4,000 Average Daily Commuters 100,000.00 405,000 1,400,000 3,400,000 Daily Wallet Spend (InterCity) 6,000.00 6,000 6,000 8,000 Daily Wallet Spend 200,000,000.00 810,000,000 2,800,000,000 6,800,000,000 Total Monthly Spend 6,000,000,000.00 24,300,000,000 84,000,000,000 204,000,000,000 Digix Income 30,000,000.00 121,500,000 420,000,000 1,020,000,000 Digix Expenses 22,500,000.00 91,125,000 315,000,000 765,000,000 Net Profit 7,500,000.00 30,375,000 105,000,000 255,000,000
10. Strictly Confidential Page | 10 TK TECH BOARD – SPONSORS OF KARRYGO Vastly Experience Board Ola Belgore Chairman § Over 17 years experience in Business Development, Asset Management and Portfolio Advisory § Head of the Wealth Management Department at Meristem Wealth Management Limited, § Head of Group Business Development Meristem Group § MD, Asset Management subsidiary of the Afrinvest Group, growing the asset under management (AUM) from C. N2b to c. N29b within 20 months § Ola is a sponsored individual with the Securities and Exchange Commission (SEC) in Nigeria § 15 years+ Real estate, Wealth management and Project management. § Pioneer Managing Director, Alpha Mead Development Company responsible for growing the total asset of the company from N400m to N32bn § He is a member of the Chartered Institute of Builders (CIOB UK) as well as Australian Institute of Builders Damola Akindolire CEO/Co-founder § Over 17 years investment research, Capital Raising, Financial Advisory and Asset Management. § PricewaterhouseCoopers § Current Deputy Managing Director, Afrinvest West Africa over N30bn under management and issued over $3bn of securities Victor Ndukauba Director § Over 20 years experience in development finance and banking § MD of HISL (Heritage Bank Investment Limited) a subsidiary of Heritage Bank, and has helped arranged over $2bn for various project development initiatives § MD, Imperium Capital Partners Limited, financial advisory/private equity firm with over 500 clients. Dr. Segun Akanji Director § 13+ years a professional software engineer 6+ years in immersive research and development in cybersecurity, § Cyber Security Expert Consultant at Infoprive § Developed the Sphinx Blockchain. Ayomide Daniels CTO
11. We are seeking to raise equity investment in this round to set us on the path for growth and execute the opportunities we have identified. Equity $3m for 30% of KarryGo
12. Strictly Confidential Page | 12 CONTACT Address Deal Contact No 29 Alhaji Bashorun, Off Norman Williams, Ikoyi, Lagos Damola Akindolire rideon@karrygo.app +234 803 244 6213