Driftio

Driftio builds the world’s first complete automatically updated personal financial wealth database by offering our users to use GDPR/CCPA to share their selected validated financial data to get personalized offers/advices, get access to regulated services, make product/service orders, as well as getting better pricing on financial products and services. Driftio is helping consumers to get value back from their financial data, and to take better financial decisions based on updated data. We offer a mobile App and web service for users to truly love a daily 5-30 second check of their total wealth development in a personal balance sheet, including separate family and group balance sheets. Most values are automatically daily updated, such as housing price changes, pension fund changes, stock price changes, debt amortizations etc. Driftio let consumers use their own personal or family’s economical data to get financial services better adapted to their personal, and family’s, financial characterizations and to earn financial benefits such as better terms and prices, either actively (challenge my current terms based on my data that I choose to send you) or passively (in app notification offers from best of breed vendors based on your financial data profile characteristics). Driftio’s free key offer to Consumer users: * Possibility to take better daily financial decisions - complete personal balance sheet data, automatic update of indexed data, notifications of changes * Opportunity to share validated and auto-updated data - share your sensitive financial data in a secure way * Choose financial vendors who share you ethic visions - share your data only with the banks and corporates who you like to engage with and have as (potential) supplier * Get value back from own, or family's, financial data - products, services and advices suitable for your current financial situation and potential lower cost offerings for pensions, wealth savings and mortgages * Lower daily health economic stress level - get total control of your wealth development and better life with less daily financial stress and concern for debt margins Clear and proven global demand An Accenture report from 2019 confirm that 80% would share their financial data if they would get personalized solutions made for them or to earn better financial terms from doing so. Current broad target groups (25-65 years olds) will also include younger target groups (16-24 year olds) as Driftio soon also will let users to keep control of all their belongings’ in the sharing economy in the App. Driftio’s key offer to Banks/Corporates: * Enhanced customer insight and automatically updated KYC - get new KYC information automatically, keep it auto-updated, and get validated and unvalidated data the banks currently don’t have access to. Leads to e.g. enhanced ability for banks to accept more credits, take less risk on new credits and setting competitive debt interest rates. Also increases possibility to convince customers to allocate more funds to savings and pension offerings. * Revenue growth by 1) easy upsales on existing customers and 2) more new customers - ability to upsale to existing customers base and to specify, and thereby the get desired characteristics of, new consumer customer leads. Also get better conversion in targeted campaigns with low effect on volume and prices in own sales channels. * Less cost - lower cost for upsales and for CAC with digital risk processing and optional revenue share costs. * Choose API, iframe or web portal - to your CRM. Additionally ALM/PEP scanning and credit reports can be integrated via third parties when digitally onboarding new customers. Business Model B2C - Driftio’s base offering to the consumer is free of charge but offers optional Monthly Recurring Subscription for premium features. B2B - Buy batches of Monthly Recurring Subscriptions for your customers, or choose a Revenue Share model on the lowered CAC when consumers accept your active or passive offers. Team and ownership Outstanding development team and the Founder & CEO has 20 years of successful track record from the industry and from investing in, building, advising and exiting software companies to e.g. Motorola, Canal Digital, Ericsson and Nasdaq listings. Approximately €0.7m invested in prod. dev. since founding. Owners are the Founder (CEO), the CTO, 3 developers and 2 seed investment companies.