Banking & FX
Money, built in
Every VoicePro SIM is also a wallet.
Money movement rides on customers already acquired for connectivity, at near-zero incremental CAC.
~2%
the benchmark we build to. Remitly: ~2.3% on $54.6B a year (FY2024). The incumbents: 5-7%.
Phased to our own licence
At launch White-label wallet + IBANs via an FCA-authorised banking partner (partner selection underway)
→
2027-28 Own FCA EMI application to be filed (12-18 month review); direct e-money, own IBANs, full FX-corridor control on grant
$905B global remittances (World Bank 2024) · ~30% of our base remits · upside ~+£4.26/active/mo, ~£13.7M/yr (upside on top of the £9.5M connectivity op profit), recalibrated at first live trading · not booked in the headline P&L