Number of customers as per the most recent data available Valuation as per the most recent funding round Financial data converted to USD, based on the following exchange rates: GBP / USD = 1.23 ; EUR / USD = 1.10 ; CAD / USD = 0.75 ; DKK / USD = 0.15 ; BRL / USD = 0.24 1. 2. 3. Pricing of loans and deposits based on the home country Financial data as per the most recent annual financial statements Monese offers a marketplace with partners including insurance providers and has a partnership with Raisin for access to their savings marketplace. The deposit rate refers to the interest rate offered at Raisin 4. 5. 6. Sources: Company Websites, Annual Reports, Press Search, Fincog Analysis Notes: Fincog Benchmark On Challenger Banks ' Features And Profitability comparison of challenger banks that are centered around debit- or prepaid cards, October 2019 Valuation Per Customer ($) Loans Per Customer ($) Deposits Per Customer ($) Income Per Customer ($) Cost Per Customer ($) Net Profit Per Customer ($) n/a - 6,636 19.72 -369.12 -349.40 103 72 n/a 32.38 -35.90 -18.35 n/a n/a n/a -19.78 -12.70 -30.28 833 130 49 1.59 -14.68 -2.01 1,000 64 129 0.31 -10.00 -10.07 RATIO PER CUSTOMER 250 n/a n/a n/a n/a -5.76 799 6 183 3.63 -23.76 -18.71 n/a n/a n/a -1.02 -10.62 -10.98 Total Customer Loans ($M) 3,5 Total Customer Deposits ($M) 3,5 Total Income ($M) 3,5 Operating Cost ($M) 3,5 Net Profit ($M) 3,5 - 232.3 0.7 -12.9 -12.2 64.8 n/a 29.1 -32.3 -16.5 n/a n/a -2.6 -1.7 -3.9 1,565.7 584.6 19.1 -176.2 -24.1 223.7 453.0 1.1 -35.0 -35.3 KEY FINANCIALS n/a n/a n/a n/a -40.3 19.7 568.0 11.3 -73.6 -58.0 n/a n/a -1.4 -14.9 -15.4 N26 BUNQ MOGO LUNAR NUBANK Feb-13 Mar-12 Aug-03 Aug-15 May-13 Bank Bank Bank Bank Credit Institution, Mortgage Broker, Whitelabel Prepaid Card Retail & Business Retail & Business Retail & Business Retail (& waiting list for Business) Retail Founded Germany Netherlands Canada Denmark Brazil Home Country Legal Status EEA, Switzerland, USA, (+ Brazil coming soon) Fully active in Germany, Austria, Italy, Spain, France, Belgium and Ireland, expanding to rest of Europe Norway, Sweden Argentina, Mexico (waiting list for both) - International Presence Customer Segments 3.5 0.035 0.130 12.0 0.900 Number of Customers (M) 1 683 49 53 1,100 201 Total Funding ($M) 3 3.5 n/a n/a 10.0 0.093 Valuation ($B) 2,3 PROFILE REVOLUT Jul-15 E-money Institution & Bank Retail & Business UK EEA, Australia, Canada, Singapore, Switzerland, USA (+ expanding to 24 other countries worldwide) 7.0 336 1.8 Feb-15 Bank Retail & Business UK USA (waiting list) 3.1 399 2.5 MONZO Oct-13 E-money Institution & Credit Institution Retail & Business UK EEA 1.4 80 n/a MONESE KEY FEATURES Current Account (incl. Debit / Prepaid Card) International Transfers Credit Card Savings Account Investments Personal Loans Residential Mortgages Business Loans Insurance 6 6 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 1.99% - 19% p.a. n/a 5.9% - 45.9% for Personal Loans, 2.59% - 2.85% for 3-5yr Mortgages 0% - 46.6% for Personal Loans 28% - 80% for Personal Loans, 27%-435% for Credit Cards up to 1.48% 0.27% 6.27% n/a 0% Free Current Account Premium Accounts Lending Rates (%) 4 Deposit Rates (%) 4 FEE STRUCTURE 12.5% - 25% APR for Business Loans 0% 3.7% - 19.5% APR on Personal Loans, and £0.50 per day for overdrafts (max. £15.50 p/m) up to 1.50 % n/a up to 0.70% 6 - - - -