Circle Plus Payments

“Payments for all”

Problem:

2 Billion people in developing countries

No credit swiping solution!

India

920 Million Mobile Phones

250 Million Android Phones

Solution:

1 Android App.1 “photo swipe”.1 Solution.

Circle Plus.

The Mission:“Empower merchants in developing countries with a

simple, secure, and economical mobile payment service that operates worldwide.”

Circle Plus Square Incumbent Players

Swiped Pricing 2.7% per swipe 2.75% per swipe 2.75% + 0.30 per swipe

Manual Pricing 3.49% 3.5% + 0.15 3.5% + 0.30

Card Reader FREE FREE $180+

Monthly Fee None None $25+

Termination Fee None None $295+

NFC and Netswipe YES No No

The Circle Plus Difference

Circle Plus combines an Android app and allows you to take a picture of a credit card or allows merchants to

manually type in charges and accept credit payments in 2 easy steps!

Payments done your way!

. Photograph card to pay.Input the credit card number.

Secured end to end using SSL.

Circle Plus.

Security you can trust!

PCI-DSS Level 1SSL Secured end to end.No data stored on handset.128-bit encryption or better.

Security expert on staff.

Circle Plus.

Large Growing Indian Market

280 Million Debit cards.18 Million Credit cards.

(TechCrunch, 2011)

1.2 Billion Indian Citizens.1 Solution.

Circle Plus.

Future of Mobile Payments

According to Payment Eye, mobile payments are expected to eclipse 1.3 TRILLION by 2017!

Small merchants are the future of mobile payments!

Empower them! Circle Plus!

Growing Indian Market

India continues to gain users every year.

SOURCE: http://gigaom.com/2010/10/12/android-to-add-next-500m-mobile-web-users-in-india/

Growing African Market

Even developing countries such as Africa are candidates for mobile payment systems!

Circle Plus Payments for all!SOURCE: http://www.roycefunds.com/news/global/2012/0125-africa-opportunities-challenges-growing-economy.asp

How Circle Plus will win!

- Sell directly to merchants in major cities using a network of interns and evangelists.

- Go viral using all forms of social media.- Advertise both online and through prime time media.- Develop an easy to use website for all merchants

Nitish Kannan

CEO of Circle Plus PaymentsB.S. Biomedical Sciences at University of South FloridaHarvard College

NeurobiologyGeneticsResearcher in Brain Machine interface technology P300 typing system and gadget operator

Founderwww.techdimwit.com

Tony Dieppa

Android Expert at Circle Plus PaymentsB.A. in Psychology at University of South FloridaB.S.C.S at University of South Florida

DeveloperSystems Engineer - Syniverse Technologies5+ years of Development ExperienceAndroid Developer

EntrepreneurWinner of Startup Weekend Gainesville 2012Masters of Entrepreneurship Student at UFParticipant in 3 Day Startup Gainesville 2012

The Team

Satheesh SudarsanCo-founder of Circle Plus Payments and Head of Marketing

• Accomplished Mobile/Cloud Software and Semiconductor industry executive with 15 years of experience with Product management, Product Marketing, Business development and Engineering background. 

• Operational executive who enjoys building a winning team culture and processes, fostering innovation and delivering customer-centric solutions. Managed direct and cross functional teams of up to 120 with product management, engineering and marketing.

• Launched Industry’s first x86 Plug-in BIOS Enterprise software platform and transformed BIOS business strategy into an application & services based business. Led the business scaling and acquisition of two software businesses in Mobile Virtualization OS and Mobile Security-as-a Service software within 18 months. 

• Launched and scaled Intel Atom® Tablet/Smartphone platform for incremental P&L revenues of $500MM. Founded and built Intel’s first product management and engineering team for Ultra-Mobile Business.

• Product strategy and business vision spokesperson to internal and external constituents at various venues including executive management, industry events, analysts, partners, customers, and media events. 

• Expertise in development of strong partner ecosystems & strategic alliances with market leaders like Microsoft, Intel, AMD, ARM, Samsung, EMC, Qualcomm, Orange France Telecom, Google and Verizon.

The Team

Ralph HoelfelmeyerCISSP-ISSAP, CRISC

CTO and Security Lead

Dell SecureWorks Principal Security Consultant (April 2012-Present)

SESC – Contractor to Verizon(2009-Dec 2011)

Security QA Engineer (Verizon)(2005 – 2008)

Service Architect (Frontier Technology)(2003 to 2005)

Patents GrantedUS Patent # 6,385,204 Network Architecture and Call Processing SystemsUS Patent # 6,618,389 Validation of Call Processing Network PerformanceUS Patent # 7,043,757 System and Method of Malicious Code DetectionUS Patent # 7,150,044 Secure Self-organizing and Self-provisioning Anomalous Event Detection SystemsUS Patent # 7,151,942 Advertisement Broadcasting for PagingUS Patent # 7,937,321 Managed service for detection of anomalous transactionsUS Patent # 8,290,779 System and method for providing a managed language translation

serviceUS Patent # 8,126,722 Application infrastructure platform (AIP)US Patent # 8,108,930 Secure Self-organizing and Self-provisioning Anomalous Event Detection Systems

Umesh Maheshwari

Board Member/Advisor of Circle Plus PaymentsCo-Founder and CTO of Nimble Storage

November 2007 – PresentMember of Research Staff

STAR Lab, InterTrustSeptember 1997 – January 2001

Principal Engineer (Zambeel)January 2001 – March 2003

Technical Director of Data DomainMarch 2003 – November 2007

The Team

Moving Forward

- Q4 2012 through Q2 2013- Develop initial version of Circle Plus system (Android + iOS)- Assemble team of developers, banking experts, and legal

expertise.

The Pilot

- 6 months following initial development.- 200 merchants in Chennai, India.- 100,000 Circle Plus readers deployed during first year.- Anticipated 600 million to 1 billion in transactions during the pilot.

Continuing Operations After the Pilot

- 10 to 15 employees (4 – 6 developers).- Foreign call center for customer support.- Hiring talent for international banking expertise.

Sales1% of the entire mobile payments market.

600 million in payments processed.6 million in revenue in our first year.

Looking for VC$250000 for 10% of our company