iP2Pmoney is a sharia and ethical peer to peer loan platform

1. February 2017
A proposal by
Lebros Connection Sdn. Bhd.
Strictly Confidential
Investor Presentation

2. 2Strictly Confidential
CONTENTS
1. Brief Introduction to Peer to Peer Lending
2. About iP2Pmoney
3. iP2Pmoney Lo-Costs Managed Franchise Model ("LCMFM")
4. Summary Financials

3. 3Strictly Confidential
1 Brief Introduction to Peer to Peer Lending

4. QUICK INTRODUCTION : WHAT IS CROWDFUNDING ? WHAT IS P2P LENDING ?
4
Peer to Peer Lending or 'P2P' is part of the crowdfunding family, but deals exclusively in loans
Strictly Confidential
Crowdfunding is the practice of funding a project, venture or personal needs by raising many small amounts of money
from a large number of people, via an online platform.

5. 5Strictly Confidential
ACCESS TO
AFFORDABLE CREDIT
FAST & EFFICIENT
DECISION
TRANSPARENCY &
FAIRNESS
SUPERIOR
CUSTOMER
EXPERIENCE
WHY DOES P2P LENDING WORKS ? : MORE EFFICIENT & ECONOMICAL

6. 6
RESULTS : P2P LENDING GROWING MARKET
Strictly Confidential
1%1%2%
5%
16%
31%
43%
P2P business lending P2P consumer lending
Invoice trading Equity crowdfunding
Community shares Rewards crowdfunding
Pension-led funding Debt-based securities
Donation crowdfunding
Although starting later than equity crowdfunding, P2P
lending (consumer lending, business lending &
invoice trading) is now the largest component,
comprising 90% of the crowdfunding family.
Crowdfunding Industry Components

7. 7Strictly Confidential
2 About iP2Pmoney

8. 8Strictly Confidential
ABOUT US : OUR MISSION
When the founders first looked into the peer to peer market in early 2015, they noticed that, although the market
was growing strongly they were structural weaknesses. These weaknesses relate to lack of product offerings,
haphazard pricing levels and completely non-existent secondary trading. There was also no P2P lending
platform that provides Sharia compliant products for individuals.
iP2Pmoney was thus founded in the 3rd quarter of 2015. With a combined 75 years experience in banking,
factoring, credit underwriting, debt origination, bond trading, and fund management and in both Sharia and
conventional finance, the founders planned to make a difference and plug the gaps in the P2P lending market.
IP2Pmoney's mission thus are :
i) To introduce & promote the usage of a variety of sharia compliant finance products for different purposes.
ii) To actively support the Muslim community in the local markets by providing a platform that will provide quality
Sharia compliant investment opportunities to investors and flexible micro-financing to individuals.
iii) To give confidence to the users by adopting a bank-grade credit evaluation techniques, market orientated
pricing and later a proper secondary trading platform.
iv) To provide a complete dashboard and admin systems where informations are provided in seamless manner
allowing investors to better monitor their investments and borrowers to quickly apply for their loans.

9. 9Strictly Confidential
OUR BACKGROUND
RASHDAN IBRAHIM
ACADEMIC BACKGROUND
Bachelor of Arts (Honours) in
Accountancy Studies from Exeter
University, Exeter, U.K. from
1992 to 1995
PROFESSIONAL
BACKGROUND
Head of Capital Markets at Al
Bashayer Investment Company, Abu
Dhabi, UAE from 2011 to 2012
Investment Banking (Shariah &
Conventional)
Director at Capitas Group
International (a member of Islamic
Development Bank), Jeddah, KSA
from 2010 to 2011
Financial Advisory
Executive Vice President at Arab Real
Estate Co KSCC, Dubai, UAE from
2007 to 2010
Property Development
Chief Financial Officer at Pure
Investment Holdings Limited, Dubai,
UAE from 2006 to 2007
Property Development
Founder and Executive Director of
Arcap Inssef Limited, Labuan,
Malaysia from 2004 to 2006
Fund Management
Vice President and Head of
Institutional Clients Group at Deutsche
Bank, Kuala Lumpur, Malaysia from
1997 to 2003 Banking-Treasury
Assistant Fund Manager at
PETRONAS Group Treasury, Kuala
Lumpur, Malaysia from 1995 to 1997
Fund Management
LEE BOON WAH
ACADEMIC BACKGROUND
Professional Certificate from
Malaysian Foreign Exchange
Association.
PROFESSIONAL
BACKGROUND
Founder of Cofactors Sdn. Bhd., Kuala
Lumpur, Malaysia from 2013 to 2015 -
Islamic Factoring & SME Finance
Founder and Business Development
Director of El Nemr Capital Partners,
Kuala Lumpur, Malaysia from 2005 to
2013
Islamic Factoring & SME Finance
Head of Operations at Arcap Inssel
Ltd., Labuan, Malaysia from 2003 to
2005 - Fund Management
Assistant Treasurer at Deutsche Bank,
Kuala Lumpur, Malaysia from 2001
to 2013
Banking - Treasury
Operations Executive at Citibank,
Kuala Lumpur, Malaysia from 1989 to
2001 Banking - Operations
Executive at Development Bank of
Singapore, Singapore, from 1987 to
1988
Banking
OTHERS
Vice Chairman of Malaysian Factors
Association from 2010 to 2011.
MUHAMMAD RADZI
IBRAHIM
ACADEMIC BACKGROUND
Bachelor of Science (Honours) in
Actuarial Science from Universiti
Kebangsaan Malaysia,from 1989 to
1992
PROFESSIONAL
BACKGROUND
Founder of Cofactors Sdn. Bhd., Kuala
Lumpur, Malaysia from 2013 to 2015
Islamic Factoring & SME Finance
Founder and Operations Director at El
Nemr Capital Partners, Kuala Lumpur
Malaysia from 2005 to 2013
Islamic Factoring & SME Finance
Senior Manager at UB Co
Management Sdn. Bhd. Kuala Lumpur,
Malaysia from 1994 to 2001 -
Factoring & SME Finance
Loan Officer at MBf Finance Berhad,
Kuala Lumpur, Malaysia from 1992 to
1994 Consumer Finance
JAMES LOY
ACADEMIC BACKGROUND
Bachelor of Commerce (Major in
Accounting) from Australian National
University, Australia from 1994 to
1996
PROFESSIONAL
BACKGROUND
Vice President at RHB Investment
Bank Berhad, Malaysia from 2007 to
2015 Investment Banking (Shariah &
Conventional)
Senior Manager at Southern
Investment Bank Berhad, Malaysia
from 2000 to 2006 Investment
Banking (Shariah & Conventional)
Executive at MUI Group, Malaysia
from 1997 to 1999 Internal Audit
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World.
Founders Tech Partner

10. OUR LENDING PRODUCTS : SHARIAH COMPLIANT PRODUCTS ONLY
10Strictly Confidential
Personal Secured
Loan (Tawarruq)
Loan Tenors :
6 month
to
12 months
Borrowers :
Individuals
Vehicle Rent to
Buy Loan (Ijarah)
Loan Tenors :
3 years
to
5 years
Borrowers :
Individuals
Personal Loan
(Tawarruq)
Loan Tenors :
6 months
to
2 years
Borrowers :
Individuals
First Batch of Products
Farm Credit
(Salam)
Loan Tenors :
6 months
to
2 years
Borrowers :
Individuals farmer
Housing Loan
(Musyaraka
Mutanaqisah )
Loan Tenors :
5 years
to
25 years
Borrowers :
Individuals
Second Batch of Products Third Batch of Products

11. 11Strictly Confidential
HOW IT WORKS ? : SIMPLE LENDING AND BORROWING PROCESS
ACTIVITIES
Borrower Verification
Borrower Credit Rating
Loan Pricing
Loan Tendering
Closing & Loan Documentation
Funding & Repayment

12. 12
HOW IT WORKS ? : SOURCING BORROWER & INVESTOR VIA ONLINE / OFFLINE
MARKETING MODEL
Strictly Confidential

13. HOW IT WORKS ? : OPERATIONAL MODEL
13
BorrowersInvestors
Pricing
Placement, Secondary Trading Platform,
Loyalty & Referral Program, Blog & direct
Q&A
Auction /
Bidding
Investor
Account
Management
Online Loans
Listing
Borrower
Account
Management
Online Signing
Online Process
Credit
Screening &
Due Diligence
Loan
Management,
Risk Monitoring
Credit Ratings
Loan Closing,
Documentation
Product structuring,
Pricing
Offline Process
Fund Movement
Online Process via 3rd
party trustee or banks
Strictly Confidential

14. Credit
Score A B C D E F
Indication
Very
Good
Good Average
Below
Average
Bad
Very
Bad
Each loan will be evaluated and assigned a credit score
to denote the risks of the loan. The credit score will
determine the level of pricing of the loan, Our current
bank-grade credit scoring model was developed
internally by the Founders, drawing on their long
experience in the banking industry. Our credit scoring
model is not static, its designed to be evolving, for
example we are now starting the process to incorporate
social media behavioral data (part of Big Data) in order
to ensure that our credit scoring model always remains
relevant to the changing market.
Tenor
6
months
9
months
12
months
18
months
24
months
Transaction
Fees 3.5% 4% 4.5% 5% 6%
IP2Pmoney generates it's income by charging a
Transaction Fee for every loan successfully executed.
The Transaction Fee is deducted upfront from the loan
proceeds and chargeable to the borrower. IP2Pmoney
does not charge any other fees. Once we introduced
longer tenor products (> 3 years) we will be charging
an additional periodic administration fee and once we
introduced our secondary trading platform we plan to
charge Transfer Fees.
HOW IT WORKS ? : CREDIT SCORE & INCOME
14Strictly Confidential

15. HOW IT WORKS ? : PAYMENT MECHANISM
15
INVESTORS WALLET
Lenders / Investors
Create own INVESTOR
WALLET by registering
payment/receiving account
Transfer funds into
Escrow A/C
Invest / make loans
(Debit investor wallet and Credit
borrower wallet)
Monthly Redemption / Profit
Payment
(Debit borrower wallet and Credit
investor wallet)
BORROWER WALLET
Borrower
WALLET SYSTEM
TRANSACTIONAL /
ESCROW
A/C
BORROWER
BANK A/C
INVESTOR
BANK A/C
Create own BORROWER
WALLET by registering
receiving/repayment account
TOP-UP
WALLET
(Credit Investor
wallet)
WITHDRAW
FROM
WALLET
Transfer funds into
INVESTOR BANK A/C
1
2
1
WITHDRAW
LOAN AMOUNT
FROM WALLET
(Debit Borrower wallet)
3 Bid on loan tender
4
Transfer loan amount
(minus iP2P's fees) into
BORROWER BANK A/C
7
6
TOP-UP
WALLET
(Credit Borrower
wallet)
Transfer funds into
Suspense A/C2
3
4
5
BANK
(Cash Management)
Escrow
services
OPERATIONAL A/C
iP2P's Fees5
Strictly Confidential

16. 16Strictly Confidential
3 iP2Pmoney Lo-costs Managed Franchise Model

17. 17Strictly Confidential
INTRODUCTION : AIM, OBJECTIVES, TARGET MARKETS
• The aims of the 'Lo-cost managed franchise model' or "LCMFM" is to provide a complete business package for
local partners to operate a P2P lending business in their area.
• The LCMFM will spearhead both the Offline Marketing Model and the Word of Mouth Marketing Model.
• Since P2P lending is very new in our targeted markets, we have made LCMFM especially easy to be implemented
and easily managed. Our over-riding objective is to ensure minimal set-up costs and hassle free to our local
partners.

18. • To keep the operational costs low (transportation,
communication). The Lo-cost model will be a 'province,
state, regencies, district, large city' set-up rather than
country wide set-up.
• iP2P will operate a co-branded local platform with a Local
Partner based on the rules below :
1. This local franchise set-up will have its own branding BUT
in the logo there will be a caption "powered by" followed by
our iP2Pmoney logo (small).
2. The company must be domiciled in the province/state
3. The borrowers should resides in the province/state
4. Investors can be from the whole country (other province/
state).
5. There will also be a commission sharing or affiliate model so
that in the future if there are investors that was sourced or
registered in province A website, that invested in loans
listed in province B website, than province A will be entitled
to an affiliate income (from the fees charged by province B).
• The maximum population size for a franchise should not be
more than 10,000,000. Therefore densely populated
province or state will be sub-divided into regencies, districts
or even cities . Smaller provinces/states can be grouped to
make a larger one but the local partner should provide office
space in every provinces/states being grouped.
Co-branded Province set-up in Indonesia
18Strictly Confidential
INTRODUCTION : CO-BRANDED SET-UP
Ua
Co-branding

19. 19Strictly Confidential
HOW IT WORKS ? : MARKET / WALLET SIZE ESTIMATION
Province of Riau, province capital : Pekanbaru
Population : 5,538,367
Estimated active social media users : 1,661,510
% Targeted Age Group (20-49 years old) : 67.7%
Targeted number of active social media user in 1/2016 : 1,124,842
Targeted number of active social media user in 2017 : 1,237,326
Targeted number of active social media user in 2018 : 1,361,059
1st Year
Target number of loans : 600
Number of investments* : 6,000
Projected number of borrowers (1:1 ratio*) : 600 pax (0.048% of target active social media user)
Projected number of investors (1:5 ratio*) : 1,200 pax (0.097% of target active social media user)
Average loan size : Rp6,500,000 (USD 482)
Average investment portfolio size per investor : Rp3,250,000 (USD 241)
2nd Year
Target number of loans (2nd year) : 2,000
Number of investments* : 20,000
Projected number of borrowers (1:1 ratio*) : 2,000 pax (0.147% of targeted active social media user)
Projected number of investors (1:5 ratio*) : 4,000 pax (0.294% of targeted active social media user)
Average loan size : Rp7,000,000. (USD 520)
Average investment portfolio size per investor : Rp3,500,000 (USD 260)
*Assume maximum 10 investment for every loans
*1:1 ratio = 1 borrower : 1 loan
*1:5 ratio = 1 investor : 5 investments

20. Local
Company
Local Partner
Conduct
business
Lenders /
Borrowers
2
3
4
Provides operational P2P online platform
(Customised Front End Site & usage of and
additional server space on the back end
admin platform)
Provides SOPs to manage online & offline
loan administration activities
Day to day management of the P2P admin
system and local office.
Conduct online marketing & advertising.
Provide at least 1 dedicated employee
1
Offline client acquisition
5
1 Provides the use of a local company
Opening of a dedicated bank account for
operational purpose, a bank safety
deposit box and an escrow account with a
trustee (if required)
Provide a physical office space, 1 PC + 1
printer.
Provide a dedicated local phone number,
and broadband line.
Build local agency force & provide off-line
marketing support.
2
3
4
XX% of Distributable Profit
or
Licensing Fee (equivalent)
YY% of Distributable Profit
Upto 30% of Loan Success Fee
Offline**
Agents
** costs of setting up, managing
and operating the local agency
force is the responsibility of the
local partner.
20Strictly Confidential
LOCAL
PLATFORM
5
'Rider'income
HOW IT WORKS ? : WORKINGS & PROFIT SHARE

21. 21Strictly Confidential
HOW IT WORKS ? : OPERATIONAL P2P ONLINE PLATFORM
• The 'Lo-cost Franchise Model'
comprises of 3 components :
1. A Front End Local Partner Sites : which
is the local partner co-branded website
which has an objective to attract users to
register/sign-up as members with
iP2Pmoney.
2. User Dashboard System : once
registered, each member will have their
own dashboard, which allows them to
apply for loans / make an investment,
monitor their loans/investments, make
payments & withdrawals through their E-
wallets and manage their referral
program.
3. Admin/Management System : this is the
system that iP2Pmoney will use to
manage ALL aspects of the P2P
business. The User will register as
member directly with the Admin System.
All loan applications are made here &
documents uploaded here. IP2Pmoney
loan scoring model is incorporated in the
system and iP2Pmoney uses the system
to monitor every members and all the
loans and executes wallet transactions.
Admin / Management System
Front-end local partner sites
Direct Registration
and Login to Admin
System
Attract local members via targeted local on-line
marketing campaign and local off-line agents
User Dashboard System

22. 22Strictly Confidential
4 Summary Financials

23. 23Strictly Confidential
FINANCIALS PER LOCATIONS
Projected Loan Volume by Country
$0
$30,000,000
$60,000,000
$90,000,000
$120,000,000
31 Dec 2017 31 Dec 2018 31 Dec 2019 31 Dec 2020 31 Dec 2021
$19,905,934
$10,635,564
$4,221,694
$997,074
$15,115
$41,696,677
$24,080,516
$11,541,184
$4,346,316
$642,105
$42,896,047
$23,562,022
$10,822,238
$3,718,137$445,356
INDIA Loan Volume INDONESIA Loan Volume PAKISTAN Loan Volume
Projected Net Revenue by Country
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
31 Dec 2017 31 Dec 2018 31 Dec 2019 31 Dec 2020 31 Dec 2021
$627,037
$335,020
$132,983
$31,408
$476
$1,313,445
$758,536
$363,547
$136,909
$20,226
$1,351,225
$742,204
$340,901$117,121$14,029
INDIA Net Revenue (after deducting Commision)
INDONESIA Net Revenue (after deducting Commision)
PAKISTAN Net Revenue (after deducting Commision)
Projected Number of LCMFM by Country
0
4
8
11
15
31 Dec 2017 31 Dec 2018 31 Dec 2019 31 Dec 2020 31 Dec 2021
77
6
4
2
1212
10
8
5
1212
11
7
4
No. INDIA's LCMFM No. INDONESIA's LCMFM No. of PAKISTAN's LCMFM

24. 24Strictly Confidential
31 Dec 2017 31 Dec 2018 31 Dec 2019 31 Dec 2020 31 Dec 2021
COUNTRY LCMFM
INDIA Loan Volume $445,356 $3,718,137 $10,822,238 $23,562,022 $42,896,047
% loan volume growth 735% 191% 118% 82%
INDIA Net Revenue (after deducting
Commision)
$14,029 $117,121 $340,901 $742,204 $1,351,225
INDIA PAT (after Royalties) -$7,829 $4,684 $332 -$162 $15
No. INDIA's LCMFM 4 7 11 12 12
No. of INDIA's LCMFM employees 4 7 17 22 28
INDONESIA Loan Volume $642,105 $4,346,316 $11,541,184 $24,080,516 $41,696,677
% loan volume growth 577% 166% 109% 73%
INDONESIA Net Revenue (after
deducting Commision)
$20,226 $136,909 $363,547 $758,536 $1,313,445
INDONESIA PAT (after Royalties) -$15,537 $11,788 $225 -$90 -$331
No. INDONESIA's LCMFM 5 8 10 12 12
No. of INDONESIA's LCMFM
employees
5 12 18 22 28
PAKISTAN Loan Volume $15,115 $997,074 $4,221,694 $10,635,564 $19,905,934
% loan volume growth 6,497% 323% 152% 87%
PAKISTAN Net Revenue (after
deducting Commision)
$476 $31,408 $132,983 $335,020 $627,037
PAKISTAN PAT (after Royalties) -$3,632 $2,144 $457 -$31 $84
No. of PAKISTAN's LCMFM 2 4 6 7 7
No. of PAKISTAN's LCMFM
employees
2 5 10 13 15
Total Loan Volume $1,102,576 $9,061,526 $26,585,116 $58,278,102 $104,498,658
% loan volume growth 722% 193% 119% 79%
Total Net Revenue $34,731 $285,438 $837,431 $1,835,760 $3,291,708
Total PAT -$26,998 $18,616 $1,014 -$283 -$232
IP2Pmoney
Royalty Income from Subsidiaries -$0 $71,942 $472,746 $1,207,234 $2,342,456
Subsidiaries Dividend $0 $0 $0 $0 $0
Capital Injection (Subsidiary &
LCMFM)
$213,538 $0 $100,000 $0 $0
HQ Operating Costs $335,823 $347,914 $371,519 $385,905 $414,252
Profit Before Interest & Tax -$335,824 -$275,972 $101,227 $821,329 $1,928,204
No of iP2Pmoney Employees 11 12 15 18 19
Notes :
1. We assumed that the business in all 3 countries will be
done based on LCMFM for primary loan origination &
investment. However there will be secondary trading
operations for India and Indonesia that will be launched on
July 2018.
2. The fee charged to borrowers is 4.5% of the loan amount
disbursed. For the profit sharing model 30% of the fee is
payable as agency fees. The transaction fee for secondary
trading is 2%, payable by both Investors and borrower.
There is also a 30% fee payable to agents.
3. IP2Pmoney revenue comes from the Royalty Fee payable
by the local companies / subsidiaries. Under the double tax
treaties between India and Malaysia, the withholding tax
for is 10%, between Indonesia and Malaysia, the
withholding tax is 10% and between Pakistan and
Malaysia, the withholding tax is 20%.
4. The high % loan growth from Year 1 to Year 2 for Pakistan
is misleading, since it only includes 2 originating months
for 2017. For Indian it's 9 months.
5. As P2P lending operations are regulated, iP2Pmoney will
open an office in those countries and will capitalise the
company as required by the authorities. P2P lending
regulations has already been introduced in Indonesia, we
expect India regulators to issue theirs by end of December
2017 and Pakistan to follow suite by December 2019.
6. IP2Pmoney expects to make a profit at end of the third
year of operations..
LOAN VOLUMES, REVENUE AND P&L

25. 25Strictly Confidential
IP2P MONEY PROJECTED PROFIT & LOSS
Projected Financials of iP2Pmoney
-$750,000
$0
$750,000
$1,500,000
$2,250,000
$3,000,000
31 Dec 2017 31 Dec 2018 31 Dec 2019 31 Dec 2020 31 Dec 2021
$1,928,204
$821,329
$101,227
-$275,972-$335,824
-$414,252-$385,905-$371,519-$347,914-$335,823
$2,342,456
$1,207,234
$472,746
$71,942
-$0
Royalty Fee Income HQ Operating Costs Profit Before Interest & Tax
Notes :
1. Apart from Royalty Fee income,
iP2Pmoney source of funds can also
b e f r o m d i v i d e n d f r o m i t ' s
subsidiaries. The choice of
repatriating profit either in the form
of Royalty or Dividend depends on
t h e c o r p o r a t e t a x r a t e a n d
withholding tax.
2. HQ Operating Costs includes costs
of operating its Malaysia Operation
Office as well as the register office in
Bahrain.
3. IP2Pmoney expects to earn a profit
by the end of 3rd year of operations.
31 Dec 2017 31 Dec 2018 31 Dec 2019 31 Dec 2020 31 Dec 2021
Royalty Fee Income -$0 $71,942 $472,746 $1,207,234 $2,342,456
Subsidiaries Dividend $0 $0 $0 $0 $0
HQ Operating Costs $335,823 $347,914 $371,519 $385,905 $414,252
Profit Before Interest & Tax -$335,824 -$275,972 $101,227 $821,329 $1,928,204
No of iP2Pmoney Employees 11 12 15 18 19
1
2
3

26. 26Strictly Confidential
PROJECTED TOTAL LOAN VOLUME AND NET REVENUE
Total Loan Volume
$0
$30,000,000
$60,000,000
$90,000,000
$120,000,000
31 Dec 2017 31 Dec 2018 31 Dec 2019 31 Dec 2020 31 Dec 2021
$104,498,658
$58,278,102
$26,585,116
$9,061,526
$1,102,576
Total Loan Volume
Total Net Revenue
$0
$1,000,000
$2,000,000
$3,000,000
$4,000,000
31 Dec 2017 31 Dec 2018 31 Dec 2019 31 Dec 2020 31 Dec 2021
$3,291,708
$1,835,760
$837,431
$285,438
$34,731
Total Net Revenue

27. 27Strictly Confidential
IP2PMONEY ENTERPRISE VALUE
Notes :
1. The Enterprise Value ("EV") is inferred based on 2 ratios used in the P2P loan industry, the EV
to Total Loans Ratio and the EV divide by Revenue Multiples. In the Lending Club IPO in the
U.S. The EV to total loans ratio used to evaluate Lending Club was 0.80 and the EV on
Revenue Multiples was 30X (times). In our case, we opted to use a more conservative EV to
Total Loans Ratio of 0.50 and an EV on Revenue Multiple of 20X (times).
2. An average of the 2 EVs inferred by the 2 ratios are then taken as the EV for the company.
3. We have also assumed an annual future capital raising exercises (Series A,B,C,D and E). The
Capital raised from these exercises will be used for : I) To provide liquidity in the secondary loan
market. II) Working capital (Operations), IT expansion & LCMFM expansion into other countries.
III) To purchase shares from the seed investor.
4. In undertaking these future capital raising exercise, the Founders and Seed Investors' equity
stakes in iP2Pmoney will be diluted by over 3 times.
31 Dec 2016 31 Dec 2017 31 Dec 2018 31 Dec 2019 31 Dec 2020 31 Dec 2021
Total Loan Volume $1,102,576 $9,061,526 $26,585,116 $58,278,102 $104,498,658
Total Net Revenue $34,731 $285,438 $837,431 $1,835,760 $3,291,708
EV to Loan (ratio) 0.50 0.50 0.50 0.50 0.50
EV (on loan ratio) $551,288 $4,530,763 $13,292,558 $29,139,051 $52,249,329
EV / Revenue 20.0 20.0 20.0 20.0 20.0
EV (on revenue multiple) $694,623 $5,708,762 $16,748,623 $36,715,204 $65,834,155
Average EV $3,000,000 $622,955 $5,119,762 $15,020,591 $32,927,128 $59,041,742
Shareholders Equity $3,000,000 $2,833,333 $3,847,046 $5,829,764 $10,176,145 $17,969,655
Series A Series B Series C Series D
Capital Raising $900,000 $0 $1,535,929 $3,004,118 $6,585,426 $11,808,348
Founders 70.00% 70.0% 49.0% 39.2% 31.4% 25.1%
Seed Investor 30.00% 30.0% 21.0% 16.8% 13.4% 10.8%
Series A 30.0% 24.0% 19.2% 15.4%
Series B 20.0% 16.0% 12.8%
Series C 20.0% 16.0%
Series D 20%
100.0% 100% 100% 100% 100% 100%
Capital Allocation
Capital use to provide
liquidity in the secondary
loans market
$0 $0 $506,856 $991,359 $2,173,190 $3,896,755
Capital use for Operations,
IT & LCMFM expansion
$900,000 $0 $506,856 $991,359 $2,173,190 $3,896,755
Capital use to purchase
Seed Investor's equity
$0 $522,216 $1,021,400 $2,239,045 $4,014,838
% Capital use to provide
liquidity in the secondary
loans market
0% 0% 33% 33% 33% 33%
% Capital use for
Operations, IT & LCMFM
expansion
100% 0% 33% 33% 33% 33%
% Capital use to purchase
Seed Investor's equity
0% 0% 34% 34% 34% 34%
Projected Enterprise Value & Shareholder's Equity
$0
$12,500,000
$25,000,000
$37,500,000
$50,000,000
31 Dec 2017 31 Dec 2018 31 Dec 2019 31 Dec 2020 31 Dec 2021
$18,136,322
$10,342,812
$5,996,431
$4,013,713
$3,000,000
$59,041,742
$32,927,128
$15,020,591
$5,119,762
$622,955
Average EV Shareholder's Equity

28. 28Strictly Confidential
SEED INVESTORS FUTURE CASH FLOWS
Notes :
1. A clause will be put in the agreement
allowing seed investors to exit their
investments from proceeds of the
annual fund raising. Founders are
prohibited from selling their shares
until after 5 years.
2. Throughout an investment period of
5 years, the seed investors will sell
down their shares for cash from 30%
initial shareholding to 10.8%
shareholding at the end of 5 years.
3. The IRR for the seed investor is
projected to be 89.15% per annum.
4. The remaining 10.8% shareholding
in the company is projected to be
worth nearly $6.34 million at the end
of 5 years.
31 Dec 2016 31 Dec 2017 31 Dec 2018 31 Dec 2019 31 Dec 2020 31 Dec 2021
Tenor (months) 0 12 24 36 48 60
Investment -$900,000
Share Disposal Proceeds $0 $522,216 $1,021,400 $2,239,045 $4,014,838
Valuation at end of Year 5 $6,348,168
Internal Rate of Return 1.000 0.521 0.271 0.141 0.074 0.038
NPV -$900,000 $0 $141,660 $144,309 $164,762 $397,173
IRR = 89.15%
2
3
4
1
Seed Investors Future Cash Flows
-$1,750,000
$0
$1,750,000
$3,500,000
$5,250,000
$7,000,000
31 Dec 2016 31 Dec 2017 31 Dec 2018 31 Dec 2019 31 Dec 2020 31 Dec 2021
$6,348,168
$0$0$0$0$0
$4,014,838
$2,239,045
$1,021,400
$522,216
$0$0 $0$0$0$0$0
-$900,000
Investment Share Disposal Proceeds Valuation at end of Year 5

29. Strictly Confidential
Thank You
Terimakasih
谢谢 LEBROS CONNECTION SDN.
BHD.
21-2, Jalan SS 23/15, Taman Sea,
47400 Petaling Jaya, Selangor
Darul Ehsan, Malaysia