wishfinance Executive Summary ISH Big Data + AI + Blockchain FINANCE Global SME Underfinancing

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1 Executive Summary ISH vs FINANCE Big Data + AI + Blockchain Global SME Underfinancing

2 What Executive is SME? Summary What is an SME? In most countries an SME is defined as a firm with fewer than 250 employees. In the US, the limit is 500 employees % of all companies % of all jobs % of jobs in manufactoring % of jobs in construction 80 million Underfinanced SMEs globally

3 Executive SMEs are the Summary backbone of the economy SMEs are the backbone of the economy - World 200 SMEs + million globally 40% global job at average 200 million small businesses globally are unable to get the credit they need % % % % Peer Stein Director, Finance and Markets Global Practice, World Bank Group jobs in jobs in jobs in jobs in Uganda Singapore Austria and Luxemburg Denmark

4 Executive SMEs are the Summary backbone of the economy SMEs are the backbone of the economy - EU According to 57.5 % 67% % jobs in EU of european GVA provided by SMEs contributed by SMEs million Registered SMEs % % companies in EU jobs in United Kingdom provided by SMEs jobs in Greece provided by SMEs

5 Executive Problems confronted Summary by SMEs Problems experienced by SMEs 01. Regulatory burdens 02. Technological ignorance 03. Underfinancing Higher interest rates Long inefficient processes Bank bureaucracy Weak financial reporting

6 Executive Underfinancing Summary Underfinancing Total credit gap, formal and informal enterprises: $ trillion EUROPE AND CENTRAL ASIA MIDDLE EAST AND NORTH AFRICA EAST ASIA AND THE PACIFIC LATIN AMERICA AND THE CARIBBEAN SOUTH ASIA Total MSMEs (formal & informal) NUMBER OF MSMEs (millions) With checking account With lean/ overdraft Unserved + Underserved SUB-SAHARAN AFRICA CREDIT GAP: UNSERVED & UNDERSERVED (%) > <40 No data

7 Executive Fraud in Lending Summary Fraud in Lending And what about fraud in Fintech lending companies? How LendingClub s Scandal Echoes the Financial Crisis The former chairman and CEO of Morgan Stanley (MS, +0.04%) has been tangled up in issues at LendingClub (LC, -2.32%), the online lending company where he has sat on the board since The problem is starting to reek of the Lending Club Scandal Provokes Major UK Peer-To-Peer Investigation Campaign for Fair Finance (CFF) founder Dr Roger Gewolb has welcomed the intervention of the UK Financial Conduct Authority s (FCA) new chief executive Andrew Bailey as an investigation gets underway into peer-to-peer (P2P) lending, a rel- One of China s biggest P2P lenders quits ahead of clampdown One of China s biggest P2P lenders quits ahead of clampdown. Hongling Capital to wind up business ahead of tightening of rules for $120bn industry. The circuitous relationship is complicated, but sounds something like this: Cirrix buys loans that Lending Club may have hit a dead end Despite the aftermath of a governance scandal in early 2016, US alt lending giant Lending Club seemed to be on track for a slow but steady recovery at the end of the year. Its results for Q1 2017, published on Thursday, however, indicate its improve- P2P lenders react to China s $7.6B Ponzi scandal The biggest victims of the RMB50 billion ($7.6 billion) Ponzi scam recently uncovered in China are, of course, the 900,000 investors who entrusted their money to peer-to-peer (P2P) lending platform Ezubao. But beyond that, many other P2P lenders

8 Executive BlockchainSummary Blockchain 24 Introducing blockchain to lending. All important information is permanently stored on the blockchain, accessible 24/7. Company info Loans 7 Statements Transactions Taxes Protected and safe.

9 Executive Wish Finance Summary Distributed Ledger Wish Finance Distributed Ledger By integrating distributed ledger technology we offer each borrower and participant in the network the ability to protect the integrity of their data. WF

10 Executive Blockchain Summary for Lending Blockchain for Lending We use the Ethereum blockchain and smart contracts to set the relationship between Wish Finance as lender and every borrower, creating a separate contract for each loan issued. The history for every transaction is stored forever. BLOCK HEADER BLOCK HEADER BLOCK HEADER Prev Hash Nonce Prev Hash Nonce Prev Hash Nonce Merkle Root Merkle Root Merkle Root Hash01 Hash23 MERKLE BRANCH FOR TX3 Hash2 Hash3 Tx3

11 Executive Transparent Summary loan securitisation Transparent loan securitisation Using this solution, loan securitisation is transparent for every investor, down to the very last transaction and fee. INVESTOR LOAN SECURITY BORROWERS LOANS PAYMENTS Does this sound familiar? Peer lenders are packaging loans and selling them to Wall Street Milestone for European P2P securitisation

12 Neural Executive Network Summary for Scoring Neural Network for Scoring Scoring is a highly formalized process involving analysis of unstructured data with dozens of variables. It is also a repetitive task, leading to high rates of human error. We use a neural network to analyze data, build forecasts and monitor real-time loan performance. 85+ variables used for scoring 15 minute average scoring time 24 hours for average loan issuance Cloud-based and highly scalable

13 Executive Real Transaction Summary Data Real Transactions Data Wish Finance Private APIs - channel to connect with POS data providers CUSTOMER MERCHANT WISHFINANCE ACQUIRER 01. Uses Wish application or website to apply for cash advance Shows application form to merchant to fill 02. Fills the form including Business Registration Number, Name and Family name of Director KYC request Do you know this merchant? Yes, but we need to authorise this merchant 03. Signs in and gives consent to provide transactions for scoring from Acquirer to Wish Finance Consent from merchant and request for transaction history of merchant (date/time, amount of each transaction) Shows results of scoring and loan limits. Do you agree? Files forms and sends to Wish Finance Yes 04. Request to open new account for this merchant s loan. Issue new card connected to account; transfer from Wish Finance account to merchant account amount of approved loan; create a rule to deduct payment from each transaction for this merchant for loan repayment (3-5% based on merchant decision). Done 05. Makes payment with merchant Uses loan and makes payment via further transactions Deduct 3-5% from every customer payment and transfer to Wish Finance account. Send combined table of operations once a day.

14 Executive Proof of Business Summary - Zero Defaults Proof of Business - Zero Defaults Before launching their ICO, Wish Finance s team completed a successful pilot of their platform in Singapore: 1, , S 0 24 % Defaults SMEs as Portfolio size Borrowers Loans issued p.a. average focus group interest Nov Feb 2017 Jan May 2017 S S 2,000-15, months out of S 120,000 Issued Repaid Loan size Terms Repaid on time Interest income

15 Executive Wish Finance Summary ICO Wish Finance ICO TOKEN NAME: WISH Token (WSH) ICO PRE-ORDER: 15th October 2017 What does this token represent? Payout structure WISH tokens, represented by an Ethereum contract, can be converted to equity in the Wish Finance company at any time. One WISH token can be coverted to one share. A smart contract allows token owners to convert WISH tokens to company shares on a 1:1 basis. Conversion can be made at any time at the initiative of the token owner, following KYC. Converted tokens will receive a share of company profits as dividends. TOTAL SUPPLY: PRICE PER TOKEN: Tokens not sold during the ICO will be burnt. Wish Finance will 10,000,000+ tokens US$1 never trade or own its own tokens.

16 Executive Contacts Summary THANK Thank you and join our ICO! YOU Eugene Green Pre-order starts 15 October 2017 CEO, Wish Finance Singapore Website: Telegram chat: White Paper: Join ICO:

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