Emerging Trends and Challenges

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“International Payment Specialists” Selected Company Profiles (cont.) Products & Services Overview CEO: Company Overview Chen Amit Global Payments – Payments can be sent anywhere in the world and solution supports multiple currencies and payment methods Headquarters: Palo Alto, CA Founded: 2013 • Tipalti provides a comprehensive solution that centralizes all phases of pay-out from payee registration and payment method selection to funds disbursement; while maintaining full tax and regulatory compliance for the payer • The Company focuses on business-to-business transactions where the payer is making payments to a large number of payees on a global basis • Tipalti integrates into the recipients web portal allowing them to register, choose from over seven payment methods and provide all necessary information for a successful transaction • Tipalti’s global system supports payments to any country Payment Methods – Customers are given seven payment options including ACH, pre-paid debit cards, international ACH, PayPal and wire transfers Remit and Reconcile – Payment and processing reconciliation is fully-automated, allowing customers to cut up to 80% of their accounts payable workload Tax and Regulatory – All tax-related materials are collected with Tipalti’s solution, including W-9s and W-8s from all payees, as well as 1099s for end of the year taxes Transaction History Date $ mm Type Acquirer / Investor (s) Pay Bills – Solution gives customers complete control over bill payments, can help eliminate rejected payments and reduce overall payment costs by up to 35% 10/22/14 $13 Financing Wicklow Capital Source: Company website, FT Partners proprietary database, Capital IQ, Crunchbase. Easy implementation – Product is easily and quickly integrated into a company’s current website, eliminating IT maintenance costs 46
“International Payment Specialists” Selected Company Profiles (cont.) Products & Services Overview CEO: Headquarters: Company Overview Jonathan Quin London, UK Retail / Private Customers – Helps individuals make international payments either same-day or using forward contracts; has one of the highest customer feedback rates in the industry with an independently verified 98% positive feedback Founded: 2004 • World First is an international payment provider offering crossborder payment solutions, foreign exchange and currency options for individuals, businesses and e-commerce merchants • The Company employs approximately 400 staff members across offices in London, the US, Hong Kong, Singapore and Australia • Since 2004, the Company has transacted over £30 billion across over 1.2 million payments for 100,000 clients • World First uses bespoke technology to provide a “high tech high touch” service where clients can transact online and also receive customer service when needed • It has a track-record of technological innovation; from an unofficial record for the world’s fastest international transfer (sub 1-minute end-to-end) to mobile apps, smartwatch app and API Transaction History Date $ mm Type Acquirer / Investor (s) 11/11/13 na Financing FTV Capital; Industry Ventures; StepStone Group Source: Company website, FT Partners proprietary database, Capital IQ, Crunchbase. Business Customers – Helps SMBs (usually importers) pay international suppliers and develops currency strategies to help them actively manage and hedge exposure to adverse exchange rate moves; is authorized and regulated to provide advice on and execute hedging trades using options and derivatives for clients in certain markets Online sellers – World First supports the international growth of online marketplace sellers (usually exporters) by offering favorable exchange rates and currency capabilities around the world; it has been working with global sellers in the marketplace for over ten years Partnerships – World First powers white-label payment services (for retail customers) to businesses including NewsCorp and Virgin Money; it also has partnerships for business customers (e.g. with Ceridian for international payroll) and offers APIs to connect to partners to automate transactions 47
Page 1 and 2: April 2016 Financial Technology Par
Page 3 and 4: I. Executive Summary
Page 5 and 6: Global Money Transfer Industry Over
Page 7 and 8: Global Money Transfer Industry Tren
Page 13 and 14: Global Money Transfer Selected Indu
Page 15 and 16: Matt Oppenheimer, Remitly
Page 17 and 18: Global Money Transfer CEO Interview
Page 19 and 20: Gary McDonald, Cambridge Global Pay
Page 21 and 22: Global Money Transfer Gary McDonald
Page 27 and 28: Global Money Transfer Public Valuat
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Page 31 and 32: “International Payment Specialist
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Page 49 and 50: “Emerging Consumer Remittance Pro
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Page 59 and 60: Currencies Direct Sale to Palamon a
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$300.0 $250.0 $200.0 $150.0 $100.0
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Euronet’s Acquisition of HiFX
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Euronet Acquires HiFX Transaction D
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Euronet Acquires HiFX Euronet Busin
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Bridgepoint Acquires Moneycorp Tran
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Euronet Acquires XE and IME
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Remitly Raises $38.5 million in Fin
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Remitly’s $38.5 million in Financ
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Remitly’s $38.5 million in Financ
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TransferWise Raises $58 million in
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WorldRemit Raises $100 million in S
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WorldRemit Raises $45 million in De
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VIII. Global Money Transfer Transac
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Global Money Transfer Selected Tran
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Announced Date Selected Transaction
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Announced Date Selected Transaction
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IX. Overview of FT Partners
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Overview of FT Partners Leading Adv
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Overview of FT Partners FT Partners
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Overview of FT Partners FT Partners
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Overview of FT Partners Proven Trac
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Overview of FT Partners Platform of
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