EuropeOne Specialist for smartphone-driven cross-border banking throughout Europe Country: UK | City: London | Employees: 5 Year Started: August 2014 | Sector: Retail Banking Product stage: Idea | Website: europeone.com Team Product Team Founders: What is it? Europeone will focus its efforts on technology Anton Sergeev development that will enable or vastly simplify cross- LBS MBA, more than 15 years in investment banking border banking. Europeone’s novelty lies partly in its and asset management. Successfully launched several simplicity enabled by innovative mobile app features, ventures. removing unnecessary barriers to create an account Philipp Buschman and handle financial transactions, multilingual LBS MBA, IT development and consulting background, interface, free/low-fee remittances and accessible serial entrepreneur, took one of his companies public anywhere (and anytime) online. in the USA Revenue model: Direct Sales Employees, Advisors & Investors: Scalability: N/A Previous funding: N/A Average monthly revenues: N/A Planned fundraising: 1,000,000-1,700,000 EUR Market What is the need or problem being satisfied? It is very difficult for people moving from one country to the next to get access to a local bank account allowing multiple currencies. In addition, money transfers are expensive and take time. Europeone is a pan-european bank addressing these problems. Competitive Advantage: Our business model minimises charges for account usage while focusing on the range of services offered, eliminating transfer fees wherever possible, improving fx rates and tailoring asset management products. We aim to grow aggressively and remain purely an online/mobile bank, innovatively engaging a range of alternative transaction channels. our costs to acquire customers will be significantly cheaper than competitors. Market Size: 20m Europeans working abroad within Europe and change countries and accounts regularly. 70m have regular cross-border banking needs. These numbers grow by around 10% p.a. Our main competitors are traditional remittance providers (i.e. Western Union) and retail banks (Unicredit, CA, etc). Challenger banks (i.e. Monese).