[Fiware-collaboration-req] OMG (Bank-Challenger) - Investment Opportunity

Natalie Glover natalie.glover at omg.one
Thu Nov 25 16:18:44 CET 2021


Good day!

I hope this finds you well. We would like to follow up on our previous
communications.

OMG has successfully launched to the market and collected early traction
and metrics.

You can view our Project Pitch: https://docsend.com/view/nz2bwew95xjdjyny

As digital entrepreneurs we are convinced that banks do not understand the
needs of digital businesses and as a result we suffer from poor banking
functionality and struggle to get affordable credit.

That is why we have launched a Financial Hub  that allows digital
businesses to wrap all of their existing financial services into a
data-reach account to get instant credit and track the whole business
within a single dashboard.

Today, we have 1k beta customers and 5k businesses in the waiting list. We
target to get 20k paying customers by the end of Q1 2022.

We have successfully raised initial pre-seed funding of over £1.6+ million.
Using this investment, we have built our core banking and payments
functionality, obtained the FCA licence and entered into a strategic
partnership with Mastercard, which includes up to EUR 5.7 million of
funding.

Investment opportunity

OMG is now looking to raise up to £2m (EIS) at a £20m pre-money valuation
by the end of 2021.



Along with the Seed round, Co-founders are targeting a crowdfunding campaign
providing certain targets are met. We plan to include an element of
crowdfunding at every funding round, as it is a great way to expand OMG’s
customer base with evangelising shareholder-customers and benefit from all
the media coverage that it generates.



We would be happy to share more details about our proposition, the current
milestones, projections, marketing strategy and the team. We can also
arrange a call to have a more detailed discussion if this is of potential
interest.



Best Regards,



Natalie
Natalie Glover
Omega BaaP Limited


Omega is a trading name of Omega BaaP Limited, a company registered in
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