Banking in Japan
Made easy
100% mobile, simple and hassle free bankaccount - that you can use in your own language

COMPANY PROFILE
G-Bank Technologies OÜCompany

株式会社GIG-A（関東財務局（電代）第105号）
Founded2021年Awards●Tokyo Financial Award 2021
Financial Innovation Category 1st place●●

FINOPITCH2022 by FINOLABInternational Grand Prize / Mitsubishi Estate Award
FIN/SUM 2023
Special Jury Award●Takeoff Tokyo 2023
Startup Pitch Contest 1st Prize

Raul Allikivi（Founder & CEO）
Serial entrepreneur, former Estonian Ministry of Economic Affairs
and Communications. Founded the company to address issues inJapan that he faced by himself

VISION

TRUST WORKING ACROSS BORDERSMISSIONWE ELEVATE OUR CUSTOMERS LIVESBY EMPOWERING THEIR ACCESS TO FINANCIALSERVICES BY BUILDING UP TRUSTBANKING IN JAPANWORKING VISA HOLDERS IN JAPANImmigration up but foreigners are seen as high risk.

674万人
6.74M

4.19M

+2.47M
1.72M

compared with2020

LICENSE OVERVIEW
GIG-A is a pioneer in facilitating access to banking services as a representative of end-user
Non-financial sidebusinessesMain sourceof income

Bank （Direct service）（foreigners are high risk, not profitable)

カベHigh entrance
barrier (bankingis a mainbusiness)

Bank Agency (2006）

Revenue from abank

Reselling bank’s services（”Japanese style” neobank）

Financial Intermediary (2021)
Brokerage service authorized byfinancial institutions

Electronic Payment
Operator (2018-）
Representing the end-user,(European-American style neobank)Financialbusiness is aside businessカ
ベ

User billing[agent fee]

MVP: MULTILINGUAL DAILY BANKING FROM YOUR MOBILE

Multilingual󰑔󰏦󰑜󰏙

Fully digital
onboarding

Simple & intuitive
daily banking

MVP service model（Pilot）

POSSIBLE WITH MVP❖

Multilingual and fully mobilebanking services❖❖

Bank account opening (mobile app, eKYC, within 1-2working days)➢ From the first day of arrival in case of working visaholders➢ After 1 year of residency for others
Domestic transfer (mobile app, within 1-2 working days)
Cash withdrawal, deposit from ATM’s$$

MVP LIMITATIONS
Multilingual UI / UXJapanese bank accountCustomer support /strong AML

$❖❖
❖
❖
❖
❖

Partner BankNo debit card
No real time transfers
No connection to SWIFTCan not accept American nationals
Can not accept customers with less than 6 months leftof their residency period
Can not accept foreign students earlier than after 1 yearof residency

PILOT WITH MVPDownload and Credentials by Month

Cumulative Number of Opened Accounts***

Total: 20,000 downloads, 6000 credentials

The total opened bank accounts continues to increase eachmonth.

755 accounts

Notes: *Credentials here means the number of users who have created an account by registering their email and phone number, but not yet successfully getting a bank account,***Calculated by the number of successfully opened bank accounts by UI Bank.

10 YEAR TARGET

GIG-A IS A PAN-ASIAN NEOBANKSERVING 20 MILLION CUSTOMERS ACROSS BORDERS

LABOR MIGRATION TRENDS IN ASIA
hundreds of millions people working cross-border in Asia in the next 10-15 years

LONG-TERM GROWTH VISION
from foreigner focus in Japan to a full pan-Asian neobank, serving labor migrants

Build

Passporting trust

LaunchExpandMultiply

Full launch:
Payment cards
Remittance integration

Service expansion toVietnam, Indonesia,Philippines, Nepal

Credit building start

HR services in Japan2023

2024

2025

2026

2027

Value-up

Copy / Paste

Pilot launched in June(Android, iOS)

Credit card issuing start

Expansion to other labor
migrant host countries:+Data based loan
underwriting

MVP-to-basic

Onboarding optimization

Grow

Additional partnerships

Follow

ex. Arab United Emirates,
Taiwan, Singapore, South
Korea

Business model （Pilot）

2025All-in one
Financial Control Center

Multilingual mobile banking$$$$

Multilingual UI / UX

DataJapanese bank accountTrust Trust scorebased on data

Rent
guarantee

Customer support /Credit cardstrong AML

$$$$$

…

UI銀行

Banking,ﬁnancial
services

Life servicesThird partyservices

BENCHMARK COMPARISON
Immigration focused neobanks

Challenger banks (also with banking license)󰏦󰏅󰑔󰎲󰑔󰏅󰏅

ˇFounded2021

2015

2019

2013

2012

2015

2015

Stage

Seed

Series C

Series B

Series E

Series G

Series H

Series E

Raised total€1.93M

US$205.4M

US$83.5M

US$1.7B

US$2.3B

US$1.1B

US$1.7B

Main investors

ICJ,Finolab
MiraiseTera VC
Investec,HSBC

RebtelValar Ventures

Third Point
Ventures

Sequoia

Abu Dhabi
Growth Fund

Woodford
Softbank VF-2M(2020)

Not public

8M(2022)

12M(2021)

5.8M(2022)

25M(2022)

Labor migrants
in Japan (Asia)

Labor migrants
in Europe (UK)

African migrants
in the US

Millennials &Z Generation

Millennials withannual income
less than 75K

Young people(under 34)

Travellers,
young people
living abroadFirst European
style neobank inJapan, aiming toserve labor
migrants in Asia

Shifting from
B2C to providing
white labelbanking app tobanks

Founded by
Swedish MVNO
Rebtel. Bank
accounts,remittance, calls

Full banking
license, earningfrom cards,
remittance,
revenue share

Loans, payroll
advances, cards(interchangefees).

Full bankinglicense, similar
revenuestructure to N26

Users

Target customer

Originality

Banking andglobal
remittance.. Has
also launched inJapan

Become an investor in GIG-A:
crowdfunding early access:info@gigabank.jp

GIG-A OPERATING MODEL

Account opening

Multilingual

Reference API
Transaction API

Financial services

Mobile banking
Account creation API

One-stop shop

Prepaid card (TOMOWEL)
Remittance (WISE etc.)
Insurance (VIVA VIDA etc)

GIG-AbranchBank(BaaS)GIG-A “SAAS” SOLUTIONBank A

GIG-AbranchReference API

Bank(BaaS)

Check balance

Multilingual❖❖check balanceconnect with existing accounts

Send money

Bank B

Mobile banking
Secure data exchange

One-stop shop

GIG-A
branchManual operation

Prepaid card (TOMOWEL)❖❖

open new accounts
send money

Bank(BaaS)

Bank C

Remittance (WISE etc.)
Insurance (VIVA VIDA etc)

GIG-AbranchBank(BaaS)