Introducing Uptempo We manage payments for people SEPTEMBER 2018 - PowerPoint PPT Presentation

Introducing Uptempo We manage payments for people SEPTEMBER 2018

Forward looking statements Statements included in this presentation that do not relate to present or historical conditions are “forward looking statements” . Forward-looking statements are projections in respect of future events or our future financial performance. In some cases, you can identify forward-looking sta tements by terminology such as “may”, “should”, “intend”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, or “continue”, or the nega tive of these terms or other comparable terminology. Forward-looking information presented in such statements or disclosures may, among other things, include: the potential of our products, including its potential for success with women; forecasts of expenditures; the sources of financing; expectations regarding our ability to raise capital; our business outlook; plans and objectives of management for future operations; and anticipated financial performance. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to our Company, including information obtained from third-party industry analysts and other third party sources. In some instances, material assumptions and factors are presented or discussed elsewhere in this presentation in connection with the statements or disclosure containing the forward-looking information. You are cautioned that the following list of material factors and assumptions is not exhaustive. The factors and assumptions include, but are not limited to: no unforeseen changes in the legislative and operating framework for the business of our Company; a stable competitive environment; and no significant event occurring outside the ordinary course of business such as a natural disaster or other calamity. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause our or our industry’s actual results, levels of activity or performance to be materially different from any future results, level s of activity or performance expressed or implied by these forward-looking statements. 2

We’re building an Through the development of proprietary technology applications, sophisticated calculators and predictive tools, coupled with superior financial products, open banking Uptempo will redefine the consumer financial journey. platform. Our platform refocuses the personal financial journey on reducing liabilities and saving money; it is built around the needs, preferences, and best interests of the consumer, making their capital truly work for them. • Capitalizing on massive inefficiencies in USA payments space and excessive borrowing by consumers. Consumers need bank Uptempo provides tools and Banks and alternative accounts, savings accounts, advice to assist consumers financial institutions provide and loans that work for with liability and savings accounts and loans – money them and are easy to management and acts as and access to money. intermediary between the manage. consumer and the bank – all without taking any balance sheet risk. 3

Payments being made by check US consumer debt US delinquency rate ~50% $12.8 trillion 1.48% We’re doing this to address and solve serious problems facing consumers and lenders. Uptempo delinquency rate Uptempo check payment processing 0.50% >20% • Reduce consumers liabilities The odds are stacked against consumers; with consumer debt at the highest level • Reduce interest paid it`s ever been, increasing delinquency rates and rising interest rates, the consumer debt cycle is becoming ever-more inescapable with time. • Increase amortization speed • Eliminate costly cheque Even without debt, consumers still face a number of challenges; limiting and processing and related ambiguous products from banks, a lack of financial education and little support for errors for banks by moving financial planning hinders consumers from reaching their financial goals. all consumers to electronic On top of that, managing multiple accounts with multiple banks is another hurdle RPPS submission to payees most consumers face as there is no single destination for consumers to access consolidated income statement, balance sheet and cash flow information, let alone any cognitive tools that drive improved financial trajectory. 4

We elegantly Consumers are on boarded through our portal in the dealer – integrated with dealer intercept and menu systems. support the consumer through partnerships with auto dealership. • We pay over 340 lenders today. • We process more than $21 MM A welcome call is made to determine the best path for the consumer. USD, per month in payments • Our payment processing is retiring over $500 MM USD in loan balances. • Auto Loans are retired almost 15% faster. • Dealers can upsell those customers much earlier in the cycle. • Even the auto lenders bank partners can’t provide the data we have, to help them drive business 5

Convenience Save Money and Improve Credit Less than More than Subscription Fee vs. Transaction Fee 50% of our 50% of our consumers You are probably consumers are sub- are prime. prime. thinking ‘wow’ what a great idea for subprime consumers but our programs is valuable to any consumer carrying an auto, mortgage or student loan. 6

Consumers do not Delivered through consumer-oriented platforms equipped with powerful AI, our full service platform will offer consumers better products than banks can – by not have access to the only delivering a better experience but changing the lives of consumers. complete product Liability management Budget management Borrowing Lifestyle savings suite we have • From mortgages to • Constant awareness • Analysis and calculator • Interest-bearing auto loans to credit of how much is being tools to identify how savings accounts designed, other card payments, see spent and on what much the consumer • Unlimited number of and manage them all can afford based on • Smart analysis and than through accounts each tied to in one platform current position, and planning tools for a specific purchase or how much they should • Hassle-free, Uptempo. developing a personal investment goal be spending based on automated payments budget based on • Calculator tools to their budget goals electronically derived • Select and adjust identify required • Attractive loan options data. payment dates and savings and time for sourced through • Proactive, frequency to match each goal competitive bid cash flows personalized spending • Automated, process advice to stay on track • Unsolicited, prioritized allocation • Decisioning advice and with budget personalized advice of savings recommendations for getting out of debt • Constant awareness quicker and by paying of progress less • Faster amortizations without changing loan terms reduce interest and fees and improve credit quality AI being introduced 2019 based on expansive data lake and patterns. 7

Uptempo’s mission is to help improve the lives of consumers. Finances are difficult Our goal is to to manage and debt is hard to escape. Uptempo’s solutions aim to help consumers help consumers achieve their personal financial goals and reach a prosperity cycle. – all consumers. Consumers are constantly battling to Uptempo smooths this by providing improve their financial position and financial advice, quickly reducing take a hit every time an unexpected liabilities, and helping consumers event happens. create and stay on budget and savings plans. Our solutions are multi-dimensional and deliver significant value to all types of consumers. Underbanked Blue Collar White Collar Need Uptempo just to Need Uptempo for Need Uptempo for the be able to keep up with liability and savings convenience. debt payments. management. 8

We’ve already Our first product is in the market and very successful: liability management. Operating in only three states, we already have over 44,000 customers and have started and barely scratched the surface of potential for this product. understand the ✓ Auto dealers opportunity. ✓ Auto loans Digital • 5% month over month Student loans Customers Liability management acquired Lenders customer growth rate, of: through: with no digital acquisitions Mortgages Alternative strategy implemented lenders Credit Cards Captive lenders Currently in production Future opportunities By simply targeting auto loan payments through partnering with dealerships, we are increasing customers by 5% month and expect to add over 100,000 consumers in 2019. There are over 22,000 dealerships we can partner with to bring our solutions to their consumers. Dealers typically provide 20-30 new consumers per month on finance deals – when we launch lease products in Q4 this will increase significantly. 9