TRANSFERWISE FIA Consulting Alex Nicholas Rodrigo Vanessa Agenda

TRANSFERWISE FIA Consulting Alex Nicholas Rodrigo Vanessa

Agenda Executive Summary Market Analysis Alternatives Recommendation Implementation Risks Financial

Executive Summary ? $ Inefficiencie s in the money transfer ecosystem Provided customers new channels and options for transferring money Blockchain Technology will change all the financial transaction s TRANSF orm er. Wise

Market Analysis Customer trust & Satisfaction rate. Presence in affordable markets; Trustable by investors Speed of transactions; Innovation technology; High Fee comparing with competitors. Main competitor is Wester Union; Compliance differences in each country.

Alternatives 1 - Focus on Transfer Business: Continue improving your transfer model over technology optimization Under your current comfort zone and could bring some improvements. Your model still depends on banks and blockchain threat continues

Alternatives 2 – Sell to another one: Prepare the company to be sold to a competitor or a bank: Recover The prize part of the will be investment much less than a fair value

Your Path to continue in the game 3 – Became a 100% Digital Bank: Complement your portfolio of services opening gradually additional digital banking services Customer fidelity; Additional Revenue streams; Reduce the blockchain threat. Complexity to implement; Requires Funding.

Analysis of Alternatives Long Term: Resilience of your model to support the environment changes Returns: Capacity to generate revenue and profit for shareholders Expansion: How easy you can expand globally

Bank. Wise Your digital bank where you can have access to convenience and friendly digital services • • Banking Account Credit Card Loan & Credit Insurance Broker Investment Platform Crypto Currency Money Transfer

Bank. Wise • Born prepared for Blockchain Technology; • Enhanced biometrics with double factor authentications such as face, iris, fingerprints; • Modular Technology that can be easily escalated and distributed base on cloud and global flexible infrastructure; • A Fintech approach, lean, efficient and strongly based on technology

Bank. Wise • Prepared for GDPR, SOX, Basileia, ISO 27001, and main governance and security standards; • Agreements with ATM network operators for the market where we transact; • Apple Pay, Android Pay, Samsung Pay, Pay. Pal; • In Summary, a Digital, secure, and trustable platform to support the Business Expansion

Execution Plan – Short Term Boost current Business Marketing - Immediately to 24 months • Campaign 100% Digital – Social Medias • Contract with Local Influencers (Wealthy and Trusted) • Mexico, India and Philippines • Expand same campaign to others Emerging Markets to increase Revenue • New Approach aiming small and medium investors – (Strong Currency)

Execution Plan – Long Run Becoming an Online Bank – 2020 to 2022 • Contract Specialized Consultancy in Local Compliance • Creation of a Compliance Unit - 2020 • Digital Platform creation for banking services to be offered: Credit Card, Loan, Insurance broker, investment, Cryptocurrency • Legal Certifications and Authorizations • Establishment in India, USA and UK – 2021 • Establishment in Mexico and Philippines – 2022 • Marketing Campaign to launch Bank. Wise services: Both Digital and TV

Implementation Plan

As any plan, we have some risks Do not raise Capital Probability: Medium Impact: High Mitigation Plan: Sell the Company Delay on authorization policies Probability: Low Impact: High Mitigation Plan: Lobby with Government Target other similar market

Our aggressive plan is to reach $1. 1 Bi in Revenues by 2025 Revenue ($ Mio) 1109 1200 1000 907 808 800 695 563 600 400 340 200 48 97 151 227 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025

The main driver of this growth will be Bankwise 75% from banking in 2025 Net Revenue ($ Mio) 1109 1200 1000 800 600 400 200 563 600 200 300 420 400 380 350 300 280 2021 2022 2023 2024 2025 100 0 Transferwise Loans / Credit Card Insurance Investment Plataform Crypto currencie

Breakdown from 2018 to 2025 Net Revenue Contribution ($ Mio) 600 129 94 66 55 14 1, 109 Crypto 2025 151 2018 Loan s Transfe rwise Credit Card Insuran ce Invest ments

We will be much more diversified in 2025: $1, 109 Mio 20252018: $151 Mio Revenue (%) 1% 6% 5% 25% 8% 54% Transferwise Loans / Credit Card Insurance Investment Plataform Crypto currencie

To make it happen we need to invest $447 Mio until 2025 Investments ($ Mio) 400 377 350 300 250 200 150 70 100 50 0 Operational Expenses CAPEX

Then the key issue is to raise $10 bi until 2025 Capital Raised ($ Bi) 2, 5 2, 0 P 2, 0 Convertible Debentures (9%) Raised ($Bi) 2, 0 10 Bank Loan (8%) 3 Convertible Debentures (9%) 1, 5 Bonds (8%) 1, 0 2 1, 0 3 2 0, 5 Stocks Debentures Bank Loand 0, 0 2019 2020 2021 2022 2023 2024 2025 Bonds

This path will lead us to a big Net Income result Net Income ($ Mio) 359 400 350 300 250 195 200 150 228 237 2023 2024 93 100 50 10 8 27 2018 2019 50 0 2016 -50 -100 -33 2020 2021 2022 2025

This path will lead us to a big Net Income result Net Income ($ Mio) 359 400 2. 3 Bi of own capital 350 300 250 195 200 150 228 237 93 100 50 10 8 27 2018 2019 ROE: 15. 1% 50 0 2016 -50 -100 -33 2020 2021 2022 2023 2024 2025

Strong financial position in 2025 Top line growth Net income $359 Mio Return for investors

Strong financial position in 2025 Top line growth Net income $359 Mio Return for investors Time for an IPO

Conclusion Transfer Money efficiently Transform the company in a Digital Bank Achieve Financial Results 15% Retur n TRANSF orm er. Wise

MERCI / THANK YOU