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Target Global - NOAH16 London

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Fintech in 2017: What Will be the Most Interesting Areas to Invest? - Workshop by Alexander Frolov, General Partner of Target Global at the NOAH Conference London 2016, Old Billingsgate on the 10th of November 2016.

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Target Global - NOAH16 London

  1. 1. FINTECH IN 2017: What will be the most interesting areas to invest?
  2. 2. GET YOUR TICKET TODAY! www.noah-conference.com 2-3 Tempodrom, Berlin Old Billingsgate, London NOV201722-23 JUN2017 SAVE THE DATE
  3. 3. About Target Global #2 P2P platforms in USA, largest after Lending Club (which went public in Dec 2014 at $5.4bn market cap). Over $3.5 bn originations in 2015. One of the leading real estate lending platforms in USA for commercial and residential non- owned property. Over $100 mln originations in 2015. A unique solution for merchants to optimize costs with smart- routing – a mechanism of sending transactions to preferred acquirers The only online marketplace that unlocks the value of securities lending to high net worth individual investors and family offices Online lending: Insurance: Technological and transparent online-insurance platform that simplifies the process of obtaining insurance significantly. A unique technology platform that provides Marketplace Lending as a Service (MPLaaS) for balance sheet lenders A unique platform for consumers that offers insurance brokerage processes online to manage existing insurance and save money. A unique platform that offers a cloud-based HR SaaS software, payroll and insurance software and benefits management portal. Payments: Securities lending:MPLaaS: TARGET PORTFOLIO COMPANIES IN FINTECHFACTS: AUM 300 m$ Locations Berlin, Moscow, Tel Aviv, San Francisco Target geography Europe, Israel, USA Average check 0.25-30 m$ Stages Seed & Late Portfolio companies 31 Exits 3 ALEXANDER FROLOV General partner at Target Global 2
  4. 4. What do we mean by «FINTECH»? FINTECH Payments/BillingAsset Mgmt Remit & Exchange TradingInsurance LendingBlockchain 3
  5. 5. Online lending — how it looked a couple of years ago Consumer Small Business Student Real Estate (2005) 4
  6. 6. Online lending — how it looks now 5 What is next?
  7. 7. Originations are growing exponentially 6 Actual Forecast 400+ 0 50 100 150 200 250 300 350 400 450 2012 2013 2014 2015 2016 2017 2018 2019 2020 Marketplace lending 2012-2020, origination volumes, $bn
  8. 8. Asset management in alternative credit 7 2011 2012 2013 2014 2015 What is next?
  9. 9. There is a need for a marketplace again ASSET MANAGERSLENDERS 8
  10. 10. Niche plays in lending: Securities Lending (1/3) 0 2 4 6 8 10 12 14 16 Securities lendable vs on loan, OUTSTANDING BALANCES in $tn Total on loan Lendable Securities lending is a 8.5bn$ niche that no private individuals or family offices have access to. 9
  11. 11. Niche plays in lending: Securities Lending (2/3) How securities lending fees are generated? 10
  12. 12. Niche plays in lending: Securities Lending (3/3) US taxi and limo market ~$16bn US taxi and limo market increased ~5x to $80bn with the development of on- demand taxi apps Total lending fees ~$8.5bn Securities lending fees can increase to $50bn in 10 years with the development of fintech startups 11
  13. 13. Insurance Digital broker model Full carrier model B2B2C Approach 12
  14. 14. Remit & Exchange 13 Remittance Currency Exchange 1.0-1.4% fee ~0.4% fee NO fee 2-4% fee 0.5-1% fee 0.5-1% fee 0.5% fee
  15. 15. Blockchain&Cryptocurrencies 14 0 50000 100000 150000 200000 250000 300000 350000 0 200 400 600 800 1000 1200 Jul-10 Dec-10 May-11 Oct-11 Mar-12 Aug-12 Jan-13 Jun-13 Nov-13 Apr-14 Sep-14 Feb-15 Jul-15 Dec-15 May-16 Oct-16 Transactions BitcoinPrice Bitcoin Price and Number of Transactions
  16. 16. New blockchains and cryptocurrencies emerging: ETH 15 0 2 4 6 8 10 12 14 16 18 20 Aug-15 Sep-15 Oct-15 Nov-15 Dec-15 Jan-16 Feb-16 Mar-16 Apr-16 May-16 Jun-16 Jul-16 Aug-16 Sep-16 Oct-16 Ether Price (USD$)
  17. 17. Cryptocurrencies exchanges are already profitable 16 Geeks & sophisticated crypto traders 640 Currencies / Market Cap: $13.9 bn MAJOR EXCHANGES
  18. 18. How to buy a bitcoin? 17 STEP 1: Open an account on an exchange. Pass KYC process (2-3 days) STEP 2: Download bitcoin wallet and figure our how it works (1-2 days) STEP 3: Deposit money into your exchange account via bank transfer (2-3 days) STEP 4: Figure out a trading platform interface STEP 5: Want to buy Ether as well? Then you need to download another wallet!
  19. 19. Availability to mass investor is key 18 Mass Market UserCrypto Asset Management
  20. 20. Contacts ALEXANDER FROLOV General partner at Target Global afrolov@targetglobal.vc c/o Mindspace, Friedrichstrasse 68, 10117 Berlin, Germany 19
  21. 21. 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 24 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 September 2015 December 2014 September 2014 October 2014 May 2014 Sale of a 70% stake in to Exclusive Financial Advisor to Drushim and its Shareholders 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 May 2016 Investment in by Financial Advisor to Oakley Capital Exclusive Financial Advisor to 10Bis and its Shareholders ® 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 10Bis Drushim 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