Billie is building the leading European working capital provider for SMEs. They have developed a fully automated risk scoring and know-your-customer system that can onboard new customers in just 7 minutes, cutting costs and increasing access to working capital solutions for SMEs. Billie obtained a full lending license from German regulator BaFin in just 3 months, giving them a competitive advantage. Their approach is based on 3 pillars - the license, partnerships with industry leaders, and automated systems. They aim to unlock an untapped potential market for working capital of up to 1.4 billion euros in Germany alone.

1. Building the
leading European working capital provider
A short glimpse on Fintech 2.0
NOAH Conference, London, 3 November 2017

2. Three Conferences, One Mission: Empower the European Digital Ecosystem
To provide a physical marketplace
that facilitates funding of
digital European companies
at all stages
Mission Mission Mission
Connecting
Capital with
Entrepreneurs
Connecting European
Champions
and Challengers
Connecting Israel’s Startups
with Large Corporates
and Investors
30-31 October 2018
Old Billingsgate, London
6-7 June 2018
Tempodrom, Berlin
13-14 March 2018
Haoman 17, Tel Aviv
To promote Israel - European
relationships and enable funding
To bring together future-shaping
executives and investors active
across segments driven
by digital revolution

3. Manual underwriting and data collection cause high operational cost,
limiting access to smart working capital solutions for SMEs
2
 Liquidity crunches among top 3 insolvency
triggers for SMEs
 Risk that liquidity crunches lead to
insolvency 50% higher for SMEs than for
large corporates
The need for working capital is
widespread among SMEs…
…yet, the offering of traditional banks
doesn’t cater to this need
 Manual credit processes and paper-based
data collection leads to high operational
costs, limits access to smarter working
capital solutions
 SMEs usually only have access to inflexible
one-size-fits-all credit lines

4. 3
We are unlocking an untapped opportunity – Germany alone with
a potential revenue pool of up to EUR 1.4bn
Medium and large caps
EUR bn, Germany, 2015
2.8x
593
Loan volume Factoring
volume
209
36
100
Loan volume
2.8x
Factoring
volume
potential
SMEs
EUR bn, Germany, 2015
Revenue pool
(Germany only)
0,7-1,4 bn
Fee on invoice
amount
2,0-3,8%

5. 4
With our approach we lead the way to establishing Fintech 2.0 in
the lending industry based on 3 pillars
01
03
02
Fully licensed by German regulator BaFin
Truly automated risk and KYC engines
Build on a network of industry leaders

6. 5
German factoring license granted by
regulator BaFin in just 3 months and
without any external support
Ensures significant competitive
advantage on 3 dimensions
1. Flexibility
2. Profitability
3. Trust
As one of very few Fintechs we acquired a full license from
German regulator BaFin in record time
1. License

7. 2. Partnership network Germany
We build our product on a network of industry leaders
6
Among top 3 SME banks
Largest tax advisor for SMEs
No. 1 credit insurer
No. 1 factoring provider

8. 7
With our fully automated risk scoring and KYC diligence we cut
onboarding time to 7 minutes
3. Automation
Customer onboarding
7 min
Online
lenders
1-3 days
Billie
Time to fully onboard new customer
Bank scoring module and fraud engine
developed on 110 million bank transactions
from ETL‘s SME clients over the last 10 years
Know Your Customer (KYC) checks without ANY
manual data entry by customers or Billie agents
enabled by plugging in multiple databases

9. Selected Completed NOAH Transactions
Focus on Leading European Internet companies
Covering over 400 companies across 25 online
verticals, a broad range of over 500 investors as
well as 100+ online-focused corporates
Deep understanding of industry dynamics
Ability to add value beyond banking advice
Facilitates overall process and minimizes
management distraction
NOAH Advisors is globally well connected
and has direct access to virtually all key
players in the industry
Knowledge of and strong relationships with
potential buyers’ key decision makers
Proactively finds and unlocks attractive
investment opportunities for leading investors
Annual NOAH Conference in its 8th year
Over 40 years of combined relevant M&A experience
Routine execution of M&A and financing transactions
with sizes of several billion euros
30 successfully completed NOAH Advisors transactions
underline successful transfer of M&A competencies to
the Internet sector
Entrepreneurial mind-set, focused on growing the
business and establishing a reputation for excellence
Ability to deliver top results in short time frames
Highly success-based compensation structures align
interests of clients and NOAH Advisors, and demonstrate
conviction to deliver top results
Creative deal solutions
December 2014
September 2014
October 2014
May 2014
Sale of 100% of
for $800m to
Exclusive Financial Advisor to
Fotolia and the Selling Shareholders
Sale of 100% of
for €80m to
Exclusive Financial Advisor to
Trovit and its Shareholders
Sale of controlling stake in
to
Exclusive Financial Advisor to
Facile.it and its Shareholders
sold 100% of
for $228m to a joint venture between
Exclusive Financial Advisor to Yad2
and its Shareholders
Unique Industry Know-How
Unmatched Network and Relationships
Strong Investment Banking Competence
Full Commitment - We Are Entrepreneurs!
EUROPE’S LEADING INTERNET
CORPORATE FINANCE BOUTIQUE
September 2016October 2016
December 2016
Financial Advisor to Oakley Capital
®
Marco Rodzynek
Managing Director & Founder
marco.rodzynek@noah-advisors.com
Jan Brandes
Managing Director
jan.brandes@noah-advisors.com
Justus Lumpe
Managing Director
justus.lumpe@noah-advisors.com
The NOAH Advisors Core Banking Team
Nikhil Parmar
Director
nikhil.parmar@noah-advisors.com
Acquisition of a Majority Stake in
by
from
at a valuation of €300m
Investment in
Exclusive Financial Advisor to KäuferPortal
and its Shareholders
by
84% Ownership
Financial Advisor to Silver Lake
Investment in
by
August 2017
Financial Advisor to EMK Capital
Acquisition of a Majority Stake in
by
at a valuation of $200m