MDEC Fintech Conference - How I was not Killed by the Money Changer Families, Hakim Karim - CurrenSeek

Making Currency Exchange Work For You

OUR TEAM

JOANN SOON Content

AMIR HAGHBIN Marketing

HAKIM KARIM Strategy

DAVID OH Biz Dev

Meet The Squad CURRENSEEK

CHAS ISAAC Product

PROBLEM & OPPORTUNITY

How rates on the ground compare to official rates

Rates

Rates can vary by over 20% within close walking distance

Disparity

Which money changers to trust

Trust

Where money changers are located

Location

Travellers PAIN POINTS

Limited insights of customer behaviors, experiences or needs, nor knowledge of the supply & demand for various currencies

Insights

Difficulty obtaining foreign currencies without relying on expensive wholesalers who only operate 9-5

Foreign Currency Provision

Not enough man-power nor skills to keep up with Anti-Money Laundering (AML) & ‘Know Your Customer’ (KYC) regulations

KYC/AML Compliance

Most have no customer acquisition strategy or online presence

Customer Acquisition

Money Changers PAIN POINTS

ASEAN

WORLDWIDE Spend US$1.4 Trillion

Spend US$110 Billion

Travelers 1.1+ Billion

Travelers 105+ Million

Market Opportunity CURRENSEEK

Local Market

TRAVELLERS

10M TRAVELLERS

26M

CURRENSEEK

US$20B SPENDING

US$1145 SPENDING PER TRIP

OUTLETS

~1100 US$15B TURNOVER

CURRENSEEK

TRAVELLERS save time and money, exchanging currency

MONEY CHANGERS advertise their rates and businesses online

Community-driven, location-aware currency exchange comparison app.

OUR JOURNEY

The Idea CURRENSEEK

Validation

KRW10,000 = RM 309

KRW10,000 = RM 261

CURRENSEEK

Eureka! CURRENSEEK

Fear CURRENSEEK

CIP 150 100 CURRENSEEK

iOS or Android? CURRENSEEK

Brand CURRENSEEK

Launch! CURRENSEEK

Intuitive CURRENSEEK

Traction & Retention CURRENSEEK

The Wall CURRENSEEK

Visa Malaysia Fintech Finals CURRENSEEK

Visa FF16 CURRENSEEK

Media Coverage CURRENSEEK

Funding! CURRENSEEK

Startupbootcamp Fintech Accelerator CURRENSEEK

Advisors The region’s brightest FinTech minds

and advisors with years of global insights & experience

FELIPE DAGUILA

JAMES SPURWAY ALEX YOKOYAMA

ARVIN SINGH

CURRENSEEK

GIFF ASEAN FinTech Challenge CURRENSEEK

More Media Coverage! CURRENSEEK

MSC Malaysia Hot Startup CURRENSEEK

WHAT’S NEXT?

Travellers CURRENSEEK FOR:

PERSONALISED RATES

Highly personalised deals for customers based on amount or location. Customers can lock-in rates, book and pay online, plus pick up currency at their convenience.

RATE TRACKER

Alert customers planning for their trips when any participating money changer is able to offer a better rate.

Knowing customers in advance

COMPLIANCE FACILITATION

Personalised offers to highly qualified customers

BIDDING PLATFORM

Real-time demand for currencies by time and location

INVENTORY ANALYTICS

Money Changers CURRENSEEK FOR:

Commitment from customers ahead of time

E-PAYMENT INTEGRATION

THANKS

Making currency exchange work for everyone!

[email protected] +60 16 365 2089