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Transcript of Presentation on bankbazaar
Pres
enta
tion
On
Presented by Md. Reajul Kabir
Topi
cs a
t a g
lanc
e
About Bankbazaar
BANKBAZAAR BUSINESS MODEL
BANKBAZAAR’S PRODUCTSBANKBAZAAR BUSINESS GROWTH
COMPETITOR ANALYSIS Of BANKBAZAAR
CRM COMPARISON
TECHNOLOGY PROFILE Of BANKBAZAAR
Investment Opportunities in Bangladesh
World Economy and Bangladesh
FOREIGN INVESTMENT INCENTIVES
Major Steps to start Business in Bangladesh
SWOT Analysis
STRATEGIC IMPLEMENTATION
The Benefit of Parties involved in this proposal
Part One
FOR DOMESTIC INVESTORS
BANKBAZAAR.COM
Bankbazaar is the world's first neutral online marketplace for instant customized rate quotes on loans and credit cards. Shop for loans & cards just like you buy everything else now - online.
Website: www.bankbazaar.com
BANKBAZAARAt a glance
STABLISHED• February, 2008• Chennai, India• Product Launch:
May,2011
PRODUCTSLoans
Insurances Cards
InvestmentsFanancial tools
EMPLOYEESGROWTH • 130 in 2008• 584 in 2016
FUNDING GROWTH • $6m in 2011• $89m in 2016
$19.9mRevenue
23,000,000Happy Customers
50+Banks
BANKBAZAAR BUSINESS MODEL
Bankbazaar. com
Sing Up
Sign In
Price Comparison
BANKBAZAAR’S PRODUCTS
BUSINESS GROWTH
Funding
BANKBAZAAR BUSINESS GROWTH
Technology Integration
Sales And Promotion
Creating An End-to-end Customer Experience
Upscale Its Marketing And Branding Effort To Reach Out To A Larger Number Of Consumers
Create A Household Financial Services Brand In India
Mobile App For Android And Ios Platforms
BUSINESS GROWTH
Fund Allocation
BUSINESS GROWTH
Market Growth
BUSINESS GROWTH
Market Growth
Loan disbursing
BANKBAZAAR BUSINESS GROWTH
2008 2014 2015 20160
100
200
300
400
500
600
700
130166
500
584
Number of Employees
BUSINESS GROWTH
Employee Growth
COMPETITORS in INDIA
Name Website Email Contact No. Chat option
Bankbazaar www.bankbazaar.com [email protected] +91 44 66511800
No
All banking solution
www.allbankingsolutions.com
No
Paisabazaar www.paisabazaar.com [email protected] 1800 102 7718 (toll free)
No
Deal4loans
www.deal4loans.com
+91 8447884681
No
Bankrate
www.bankrate.com [email protected]
(855) 733-0700(toll free)
Yes
Loanuncle www.loanuncle.org [email protected] 9999 6636 04 Yes
CRM COMPARISON
Android App
IOS App
Mobile App
TECHNOLOGY PROFILE Of BANKBAZAAR
Part Two
FOR FOREIGN INVESTORS
No major internal or
external tensions
Low-cost labor force
Easy accessble Market
Most investor-friendly
regulatory regime
6% + GDP Growth
Investment Opportunities in Bangladesh
Economy growth rate (%)2007 2008 2009 2010
Projection
2011 2015
Bangladesh 6.3 6.0 5.4 5.4 5.9 6.2
Developing Asian economies 10.6 7.9 6.6 8.7 8.7 8.5
World 5.2 3.0 -0.6 4.2 4.3 4.6
World Economy and Bangladesh
Tax Exemptions • Generally 5 to 7 years. • For power generation 15 years.
Tax Law • Double taxation can be avoided on the basis of bilateral agreements.• Up to 3 years for the expatriate employees.
Remittance • Facilities for repatriation of invested Capital, profit and dividend.
Exit• Investor can wind up investment through decision of the AGM or EGM.
After completing the formalities one can repatriate the sales proceeds after securing proper authorization from the Central Bank.
Ownership
• Foreign investors can set up ventures which are either wholly owned or in collaboration with a local partner.
Invest in the Stock Market. • Foreign investors are allowed to participate in initial public offerings (IPOs) without any regulatory restrictions.
FOREIGN INVESTMENT INCENTIVES
Major Steps to start Business in Bangladesh
STRENGTHS• Time Effectiveness• Comparison of price • Hassel-free
paperwork• Convenient, Easy
and Quick Approval
WEAKNESSES• Small business units• Investments in R&D• Tax structure
THREATS• Competitor • Online Security• Governments
regulation
OPPORTUNITIES• Increasing number
of internet user• New market• Growing Demand• Number of Financial
Institutions
SWOT Analysisof Bankbazaar in Bangladesh
Subject Bankbazaar Bankcomparebd Website https://www.bankbazaar.com https://bankcomparebd.com
Logo
Products 1.LOANS 2. INSURANCE 3.FINANCIAL TOOLS 4.CARDS
5. INVESTMENTS
1.LOANS
Partners 50+ Banks 14+ Banks
Number of customers 23,000,000+ Customers Undisclosed
Number of Employees 584 Undisclosed
Social media presence Facebook: 636,719 LikesTwitter: 11,900 followers
LinkedIn: 19,585 followersGoogle +: 3,849 followersInstagram: 4,470 followers
Facebook: 37,201 LikesTwitter: No existence LinkedIn: No existenceGoogle +: 14 followers
Instagram: No existence
COMPETITOR ANALYSIS
PESTLEPolitical
Home Market Lobbying
Regulatory bodies and processes
Bangladesh’s political system
Government policies
EconomicSupply and demand for Financial services
General Taxation issues
Interest rates and exchange rate
SocioculturalConsumer attitudes
and opinionsSocial classes
Brand, company image
Advertising and publicity
TechnologicalTechnology
developmentInformation and communication
Internet connectivityTechnology legislation
LegalThe Consumer right protection law, 2009Bank-Company Law,
1991
EnvironmentalChange in interest
People’s nature
PESTLE ANALYSIS
STRATEGIC IMPLEMENTATION
Strategic Implementation
Development
Location
Technology
Utilities
Operation Marketing & Promotion
Online Offline
Strategic ImplementationDevelopment
Location
Technology
Utilities
Operation HRM
STRATEGIC IMPLEMENTATION
Marketing & Promotion
For Onlin
e• SEO• Fac
ebook
• youtube
For Offline
• Brand Ambassador
• Cricket Match
• Word Of Mouth
• Bill Boards
• Sponsoring Reality Show
• Sponsoring Events
• Newspaper
.
STRATEGIC IMPLEMENTATION
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
81%
33%
93%
53%
100%
19%
67%
7%
47%
0%
Yes/No Questions
YES NO
Findings From The Survey
43%
52%
3% 2%
Q#5. How Much Interested Will You Be If An Online Site Of Compar -ing And Applying For Loans, Credit Cards And Insurance Like
Bankbazaar Enter Into Bangladesh?
Highly Interested Interested Somehow Interested Not Interested
Findings From The Survey
Findings From The Survey
62%21%
14%3%
Q#6. What Will Be Your Reaction If You Get A Confirmation Of A Loan In Only 7 Minutes?
Wow Very Good Good Not Bad Bad
Findings From The Survey
89%
11%
Q#7. If You Get A Website Where You Can Compare And Apply For Any Bank Loan/ Insurance/ Credit Card Of Any Of The Bank Of
Bangladesh, And Get Confirmation Within 7 Minutes. Will You Use It?
Yes Maybe No
Recommendation from the Quantitative Analysis
Bankbazaar.comShould Come
into
BANGLADESH
7. COMMISSION After getting loan bankbazaar will get commission from the loan receiver.
6. BANK
If all things found clear bankbazaar will forward to the bank for loan.
5. VERIFICATION
An Inspector from bankbazaar will check the info and documents physically.
4.PROFILE CREATION
Will make a profile and will provide required documents.
3. BANKBAZAAR
2. CERTIFICATION
From the govt. authorized Institution.
1. CUSTOMER
Who wants a loan but don't have guarantee.
Recommendation
CUSTOMER'S BENEFIT
Can get up to tk. 10,00,000 without
any guarantee
Can start a new startup
BANKBAZAAR'S BENEFIT
Getting 5% of total loan amount from
the Customer
Getting fixed % of commission
from bank
GOVERNMENT'S BENEFIT
Employment
Do not has to pay the amount, just take the risk
The Benefit of Parties involved in this proposal
