FinovateAsia 2017 / Bank4YOU Group
Presenter Profile:
How they describe themselves: Bank4YOU Group is a fintech business that develops products to enable the safe execution of cross-border mobile money remittances. We offer easy-to-use money transactions, customer friendly card programs, innovative and fast ways to refund VAT tax for international shoppers, as well as mobile brokerage services and cryptocurrencies operations.
Currently, Bank4YOU Group has established multiple white-label franchises and partnerships across 20 countries with local banks and financial institutions, merchants, hotels, airlines, airports, travel agencies, and luxury retail outlets. Bank4YOU Group is now looking to expand into the Asian market to deliver state-of-the-art mobile banking services to the emerging Asian customer segment.
How they describe their product/innovation:
- A mobile banking app that enables easy and efficient money transactions within developing markets (e.g. Asia to Africa)
- Cryptocurrency transactions and conversions can also be completed within the mobile app
- An easy-to-use cryptocurrency trading application is integrated within the mobile app
Product distribution strategy: Direct to Consumer (B2C), Direct to Business (B2B), through financial institutions, through other fintech companies and platforms, licensed
Contacts
Bus. Dev.: Sin Chee Saw, VP Bus. Dev. Asia
Paul Scott, VP Bus. Dev. Africa
Tariyel Tahirov, VP Bus. Dev. Middle East & СIS
Press & Sales: David Agar, CEO, d.agar@bank4you.lu, +44 7931 598474
Website: bank4you.lu
HQ: London, United Kingdom
Founded: September 2013
Product Demoed: Bank4YOU international mobile money remittance app, supporting both fiat and cryptocurrencies using blockchain technology
Product Launch: February 2018
Metrics: $5M USD annual revenues (approx.), 40 employees
Presenters: David Agar (CEO), Sinchee Saw (VP Bus. Dev., Asia)
- Key Executives
David Agar (CEO), Marcelo Ferreira (CTO), Peter Davis (CFO), Paul Griffiths (COO)
Key Stats
- Key Board Members
Adam Lane (Non-Executive Chairman)
- Key Investors
Tzedakah Funds SCA (Luxembourg)
- Key Advisory Board Members
Legal – Deborah Mills (Burlingtons LLP), Finance – Alina Weger (Bloomberg), Banking Technology – Andrew Malek, Talent Acquisition – Peter Burningham
- Key Partnerships
International Payments – Mayzus Financial Services, Legal – Burlingtons, Audit – Baker Tilly
- Key Customers
Bank4YOU’s key target groups are not only young people with active lifestyles from across the world, but also the underbanked and unbanked populations within developing economies who we can help to achieve financial inclusion.