FAQ

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Good day, I have some questions: 1. Could you please brief us on licensing side, although it's examined on LI. 2. Out of the loans you provide what is the NPL as numbers and volume as percentage? 3. Do you plan to implement crypto payments/purchases and when? 4. On LI is stated you have 24 employees - do you plan for more? 5. With this 1.2M round what would be the runaway sufficient for as months? What is the current monthly burn and what would be after the rise? 6. When you expect to be break even for this market? Next potential markets? 7. The US entity rising capital will be shareholder in the NG entity right? What is the current cap table, do you have an ESOP for the employees created and is it included in the current valuation? 8. How you plan to update on progress? 9. Maybe the most important question for most of the investors in the current round- how you see/imagine the future exit and would you give us right to participate/keep us in once you grow and big shatks come sniffing in? It's a great development so far and the team is strong I'm definitely in soon after the answers of the above questions. Btw,if you consider any of these Qs are not for the general public I'd be happy to sign a NDA. Best of luck!

Thank you Marin for your interest in Aladdin. Find below my response to your questions: 1. As an ecosystem Fintech platform, we leverage on the licence of our partners. For example, to offer financial services (Savings and Loans), we leverage on the license of our banking partner- Purple Money MFB. Also, to offer insurance and investment services we leverage on the license of our partners. As an ever- evolving ecosystem with a Pan-African ambition, this model is the best as it will allow us to integrate and launch new and valuable features and services via our platform quickly. 2. Out of 10,000 loans disbursed, we have 600 loans within the doubtful and lost range with a total of 6% of volume disbursed under recovery. 3. For now, since we are currently operational in Nigeria where the central bank is not favourably disposed to crypto we will not implement crypto payments, but once we commence expansion to other countries that are not hostile to the crypto world, we will launch crypto payments but that service will only available to people within geographies that are not hostile to crypto. We will commence expansion to other African countries by 3rd quarter of 2022. 4. Yes we plan to expand the team strategically by hiring for the different arms of the platform- We need experts to help manage the different offerings in the Financial Hub and we also need to fill up some specific roles in Operations, risk management, compliance, internal control, fraud control, finance managment etc. We also need to hire e-commerce and marketplace experts to manage the Aladdin marketplace and Social media and online community experts, to help manage our online community. We will also need to expand our Dev and IT team to help with the continuous building and managment of our platform. 5. Our current burn rate is $10,500 per month and we expect this to increase to $75,000 per month after our current raise as we aggressively begin to acquire new customers and also expand the team. We plan to grow 10X and increase our customer base to a minimum of 400,000 users in the next 6 months. 6. We expect to breakeven in the next 36 months. The next 36 months will be used for aggressive growth and expansion to other markets. The next potential markets are Ghana, Egypt, Kenya, Rwanda, South Africa and possibly India. However, with the Social media feature of the app, we envisage spontaneous downloads from different countries of the world. 7. The US entity is the main entity of Aladdin. Shareholders in the Nigerian entity will be allocated common stocks in the US entity. However, we are still discussing with our lawyers on how best to handle this. See link our current Cap table: docs.google.com/spre…&rtpof=true&sd=true We have provided for ESOP on our cap table. 8. We plan to update our shareholders and partners with a monthly newsletter covering different aspect of our business.