Start What is the Problem? Online Order Customer Wait Commissions - - PowerPoint PPT Presentation
Order, Pay & Go Empowering Main Street Merchant's with Silicon Valley Tech Founder - Venkat Chathalavada Start What is the Problem? Online Order Customer Wait Commissions Time Restaurant & Retail Merchants Multiple Payment Labor
Empowering Main Street Merchant's with Silicon Valley Tech
Founder - Venkat Chathalavada
What is the Problem?
Customer Wait Time Online Order Commissions Labor Cost Multiple Payment Platforms, Fees & Costs Restaurant & Retail Merchants
The iCashout platform is a plug - play technology that requires no software changes and very minimal or no hardware changes. Our platform integrates directly with POS systems & payment processor agnostic
Kiosk Mobile App
Plug & Play - POS Integration / Payment Processor Agnostic 4 Technology Platforms Location-aware - Direct to Kitchen - Better Order Accuracy iCashout Solution
Pay-at-table
Require Hardware Change Capital Expense Long Term Contract & Commitments Personnel Training Time Consuming Project
The uniqueness of iCashout is, it eliminates all of the above challenges & it is POS Agnostic
Challenges Competing solutions to icashout is provided by POS Companies e.g Toast, TouchBistro, Seamless (Gruphub)
Competing Solutions
& POS Software Changes
Our Market & Go To Market
Quick Serve Restaurants Food Trucks Dinner, Drive-ins & Dives Coffee Shops & Cafe's Food Courts, Office Cafeterias, Sports & Event Center Eat in Restaurants with heavy online orders Beauty Salons Retail Centers
Future Oppurtunities
Go to Market Payment Processors Retail & Wholesale Sales Rep Restaurant Vendors Merchant Sales Organization
Idiation & POC Development & Pilot Production Clients Rollout
iCashout was started in the summer of 2017. Product proof-of-concept was created after immense market and technology research Key features - POS and Payment processor agnostic Platform integrates with over 20 different POS Systems. This covers 80% of our target Clients Pilot clients used both Mobile App , Kiosk, pay at the table & online
The Clients include corporate cafeterias, QSR's, Cafe's & Restaurants The product has been in live mode for 6 months Initially, we were adding 2 to 3 Clients a month, now with enhancement to software and distribution channels we are able to add 6 to 8 clients a month.
2017 Early - 2018 Late 2018 - 2019
Current State
SAS Fees for Kiosk, Online Orders & Pay at table Mobile App is
Revenue (transaction revenue) model Processing residuals from payment processing partners Revenue sharing from distribution channel partners
Revenue
Distribution Channels 2.5 %
Distribution Channel
5 10 15 20 Aug' 18 Sep' 18 Oct' 18 Nov' 18 50 100 150 200 250 Aug' 18 Sep' 18 Oct' 18 Nov' 18 250 500 750 Jul' 18 Aug' 18 Sep' 18 Oct' 18 Nov' 18
# of Merchants # of Transaction / Day # of registered users
0 week 0.5 week 1 week 1.5 week 2 week aug' 18
Nov' 18 Dec' 18
Time to onboard a Merchants Projections # of merchants - 2019 : 100 # of transactions / day - 2019 : 1000 # of installation's - 2019: 200 # of registered customer's - 2019: 1500 Running Transaction Rate - 2019 : $ 1 Miillion/Year
TRACTION
Distribution Channels 2.5 %
Distribution Channel
Goals
Frank Gallipoli Merchant Services Keith Jensen Wholesale Channel Greg Wool Retail Distribution Venkat Chathalavada Technology & Strategy
Account & Financial Services Technology Support Services Customer Support Services
Board of Directors & Mentors
TEAM
20 Years experience in Information technology & Business process automation 30 Years experience in Merchant Services & Credit Processing 20 Years experience in ISO, Wholesale Channel development 20 Years experience in payment processing and distribution
Sam Kahan Heartland Distribution
Exit Strategy Scenarios Acquisition by Payment Processing Partners partners Scenario 1 :
Global bought Heartland payment for 4.3 billion. Heartland was leading Payment processor and POS Software provider Vantiv bought Mercury payments for 1.65 billion. Mercury was a leading payment processing platform.
Scenario 2 : Acquisition by online ordering companies
GrubHub acquisition of EAT 24 for 288 million. GrubHub merger of Seamless
HOW DO WE CASHOUT
We are looking to raise 1.5 Million to 2 Million in capital 50% towards business development, 30% towards
We are looking for dealers and resellers We have invested $250,000 through personal and partner contributions
Ask ?