oneBanking Funding Proposal
Introduction: oneBanking aims to revolutionize the financial landscape by seamlessly integrating traditional banking, cryptocurrency transactions, and an AI-driven financial coach into a single, user-friendly app. With a sustainable reward system and a focus on long-term user engagement, oneBanking is positioned to be the go-to financial app in Europe and beyond.
Key Points for Investors:
Early Success and Community Support:
- Despite being in the early stages, oneBanking has successfully raised over $40,000 within a few weeks, leveraging a strong reputation in the crypto space and targeted marketing in German Telegram groups.
- This early traction demonstrates the potential and interest in oneBanking’s innovative approach.
Innovative and Sustainable Tokenomics:
- The oneToken is designed with sustainability in mind, linking rewards directly to app usage and revenues.
- This approach minimizes exploitation and aligns the interests of both users and investors, making the token particularly attractive to private investors looking for long-term, sustainable growth.
Established Partnerships:
- Collaboration with Velmie, a developer with experience in launching over 100 banking apps in Europe, ensures a robust and scalable platform.
- Partnership with Unlimit for fiat connectivity and CSB Group, a leading law firm in financial services based in Malta, for legal compliance further strengthens our foundation.
Leveraging AI Technology:
- Our AI financial coach analyzes user behavior and regional differences to provide personalized financial advice and cost-saving recommendations.
- The AI is simple to program, relying on anonymized data to match transactions with available regional offers, connecting users with the right opportunities.
- Users can chat directly with the AI within the app, receiving non-intrusive recommendations and support. Transaction notifications also alert users to related AI messages, enhancing engagement.
Market Potential and User Engagement:
- Initially focusing on Europe, we plan to expand globally as we achieve market penetration.
- Our unique approach of requiring users to subscribe to a package for reward eligibility ensures a high percentage of active, paying customers.
- While a free account option is available, it is limited and requires a €15 opening fee to prevent abuse. Users must book a paid account package to be eligible for rewards, ensuring a high rate of active user engagement.
Experienced Leadership Team:
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Wilfried Streiner, Co-Founder and CEO: Starting his career as an insurance broker, Wilfried transitioned into the banking sector, rapidly advancing from a bank teller to a branch manager, and then to commercial banking. Leveraging this experience, he ventured into entrepreneurship, successfully establishing a restaurant chain. Since 2016, his focus has shifted back to finance, particularly in the realm of cryptocurrencies, serving as an advisor and marketing lead for several innovative projects. Wilfried has built a strong and well-known community in German-speaking countries (MoneyFoxx), and has collaborated with major YouTubers like CashwithDave, DAN, and Kryptosucht. He was most recently CMO at Renegade.
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Raphael Lang, Co-Founder and COO: Raphael brings more than 20 years of fintech expertise. His recent endeavors include integrating traditional banking with modern fintech solutions. Raphael’s pivotal role in founding and growing fintech startups, such as VIABUY, exemplifies his commitment and foresight in the financial technology space.
Project Overview:
Vision and Mission:
- Our vision is to become the most-used finance app in Europe by offering a comprehensive, modern financial management solution.
- We aim to democratize access to advanced financial tools, ensuring inclusivity and ease of use for all user demographics.
App Features:
- Full-fledged IBAN account with multi-currency support.
- Integrated cryptocurrency exchange and wallet.
- AI-driven financial coach providing personalized insights and recommendations.
- Chat interface for direct AI interaction and support.
- Innovative reward system that incentivizes active app usage.
Security and Compliance:
- Partnering with regulated entities like CSB Group, a leading law firm in financial services based in Malta, ensures robust legal compliance and user deposit protection.
- Robust security measures and compliance with regulatory requirements are prioritized to safeguard user data and funds.
Budget and Funding Goals:
- First three months:
- Company formation ($5,000 already paid, including all costs for 1 year).
- Development of the first app version with IBAN account and debit card ($70,000).
Milestones
The prototype of the app will be ready by 17 June, the full live version 3 months after 75,000 fundraising.
Self-Sustainability and Growth Potential:
- With around 1,500 paying customers, oneBanking can achieve self-sustainability. Additional funding will accelerate development and enable us to attract even more users.
Conclusion: oneBanking presents a unique opportunity to invest in a project that combines traditional banking, cryptocurrency, and advanced AI technology. Our sustainable business model, established partnerships, and experienced team position us for significant growth and market penetration. By securing funding, we aim to accelerate our development, expand our user base, and achieve our vision of becoming the premier finance app in Europe.
Join us in reshaping the future of finance with oneBanking.
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