bite-size insurance for trade and finance · traditional premium payment big ticket payment at...
TRANSCRIPT
Bite-Size Insurance for Trade and Finance
USD 1.6TTrade Finance transactions rejected by banks
-Asian Development Bank
Asia40%
Banks2-10% per
annum
Options for businesses
Risk appetite
Inte
rest
rat
e
0 10
20%
10%
Alternative Lenders: Up to
36% per annum!
- Interest %
Banks2-10% per
annum
Risk appetite
Inte
rest
rat
e
0 10
20%
10%
Alternative Lenders: Up to
36% per annum!
+ Risk appetite
Trade Credit Insurance Increases
market scope
Options for businesses
Traditional Premium PaymentBig Ticket Payment at start of
period, IMPRACTICAL.
Start of year End of year
USD 10,000
USD 800 800500 200 200200 800 800
Pay premium as you use.AFFORDABLE and PRACTICAL.
How it is now
How it Works
Businesses Apply for
cover
Invoices are aggregated for insurers
Insured Invoices sent to lenders for
finance
Cheaper insurance and
financing
New Clients Mitigated RiskMore Clients
Not an insurer Not a lenderWe are a trade finance facilitator
Pilot Partners
Broker: Pilot Lender:• 1 Alt Trade Financier
Pilot Clients in PH:• Top Sugar trading house• Farmers Cooperative
Insurer:
USD 20M Invoices to cover
S&P AA-Insurer
Lenders in Discussion with: • 5 Southeast Asian
Banks
Addressable Market in the Philippines for AgriCommodities (USD)
21 B 7B 70M
Total Vesl Target Year 1SMES
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On a Mission to close the Trade Finance Gap at US$1.6Tn
Pilot
July 2017
Philippines
Agri-commodities
Commercial
Launch
Sep 2017
Philippines Singapore
Agri, Pharma and Retail
ASEAN Expansion
2018 +
Indonesia Malaysia Thailand Vietnam
USD 70M Expected to cover on Y1
Founding Team
CEOMaureen Ledesma
• MSc Financial Management• 6+ years in banking
• Structured trade finance deals at Czarnikow Group Ltd.
COOJessica Manipon
• Helped develop a data platform in the Philippine Dealing
System. • Advocate in innovation and
entrepreneurship
CSO, Business DevYroen Melgar
• MSc Industrial Economics• Strategic Consultant and
Quant modeler for multilaterals and Government• Creates own trading
algorithms
DeveloperRonalyn Corsino
• Experience Building Lending, Real-Estate and E-commerce
Platforms• Thesis Won Philippine IT
Olympics in 2016
Raffy RiosTrade Credit Insurance
Specialist, Marsh
Umang MoondraTransformation Leader in
Fiancial Services
Damien KoppCTO, GoSwiff
Eva KleinTrade Finance Director,
ABN AMRO
Abhay ChauhanTrade Finance Specialist, HSBC,
SCB, Deloitte
+100 years Overall experience:
Pat MarkeyManaging Director,
Sierra Vista Resources
33%
27%
34%
Product DevelopmentAdditional developers,
Tech subscriptions
Business DevelopmentMarketing Activities,
Additional Business Developers
Working CapitalPremium Cost USD 900K
Build Vesl with us now.
Raising Seed
This is Asia’s Time.