FinTech & InsurTech: Company presentation by Max von Bismarck, Deposit Solutions at the NOAH Conference Berlin 2019, 13-14 June, STATION.

1. The Open Banking
platform for Deposits
NOAH Berlin
June 14th, 2019
Max von Bismarck
Chief Business Officer & Managing Director

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3. Establish Open
Banking as the
new industry
standard for
savings deposits
Our Mission

4. Deposits are a crucial product for banks and savers and at USD 50+ tn, one of
the largest markets globally
Data source: CEIC Data
Canada 3tn
USA 12tn
Brazil 1tn
Japan 10tJapan 10tn
South Korea 2tn
India 2tn
Switzerland 2tnEU 14tn
China 26tn
Australia 2tn
In USD

5. Cash is a large portion of portfolios worldwide, yet little choice in
cash management is the norm for savers
Europe
Latin America
USA
Asia36%
35%
36%
23%
Data source: UBS Group AG, Global Investors report
Cash holdings
(% of portfolios)

6. Our platform transforms the value chain, de-duplicates retail infrastructure and
creates genuine efficiency gains for the entire industry
M x N accounts M + N accounts
Produc
t
Produc
t
Produc
t
Produc
t
Point-
of-Sale
Point-
of-Sale
Point-
of-Sale
Point-
of-Sale
Produc
t
Produc
t
Produc
t
Produc
t
Point-
of-Sale
Point-
of-Sale
Point-
of-Sale
Point-
of-Sale

7. On path to becoming industry standard
Reaching more than 40m
depositors through various
channels
40+ m depositors
Active in 17 European
countries since 2011
17 countries
Connecting 100 banks
across Europe with our Open
Banking platform
100+ banks
First class international team
driving our success
+300 employees
Sourcing 4 major hard
currencies for banks
4 currencies

8. We not only solve a structural but also provide a solution for very relevant problem today -
ECB charges negative interest of total EUR 21.4bn in May 2019
Data source: ECB / Deposit Solutions
2015 2016 2017 2018 2019
25
20
15
10
5
0
BnEUR
• bear 33% of the total
Eurozone charges on excess
liquidity (7bn)
• paid 2018 10% of their pre-
tax profits (2.5bn)
Consequences for German BanksCummulated negative interest charges in the Eurozone
May 19
EUR 21.4bn
May 18
EUR 13.9bn
May 17
EUR 6.7bn
May 16
EUR 1.9bn

9. We have already connected 60+ B2B2C PoS partners across Europe that help
drive significant market reach and scale
3.5 – 5%
conversion
rate
EUR 100+ m
monthly
volume growth
10 – 15%
volume from
new Clients
Point-
of-Sale
Point-
of-Sale
Data source: Handelsblatt online / Frankfurter Allgemeine Sonntagszeitung
Point-
of-Sale
8+ m
retail
customers
60+ PoS

10. Additionally, we have built the #1 B2C deposit business in Europe
Transmitted deposits through our B2C business alone (in
EUR)
14bn1bn
190´000+ B2C Clients
“One of the world's
fastest growing fintech
platforms started as a
side project.”
“The fastest growing
financial startup globally
is from Germany: Deposit
Solutions.”

11. Our global expansion is under way …
… we are moving beyond the EU
Opened New York office
and signed first Banks
Live in Switzerland since
January 2019

12. Backed by renowned investors
• $100m invested in last funding round in August 2018 at a $500m
valuation
• Led by Vitruvian Partners, with Kinnevik and existing investors also
investing
and
Peter Thiel
Backed by

13. Selected Completed NOAH Transactions
Focus on Leading European Internet companies
Covering over 400 companies across 25 online
verticals, a broad range of over 500 investors as
well as 100+ online-focused corporates
Deep understanding of industry dynamics
Ability to add value beyond banking advice
Facilitates overall process and minimizes
management distraction
NOAH Advisors is globally well connected
and has direct access to virtually all key
players in the industry
Knowledge of and strong relationships with
potential buyers’ key decision makers
Proactively finds and unlocks attractive
investment opportunities for leading investors
Annual NOAH Conference in its 10th year
Over 40 years of combined relevant M&A experience
Routine execution of M&A and financing transactions
with sizes of several billion euros
30 successfully completed NOAH Advisors transactions
underline successful transfer of M&A competencies to
the Internet sector
Entrepreneurial mind-set, focused on growing the
business and establishing a reputation for excellence
Ability to deliver top results in short time frames
Highly success-based compensation structures align
interests of clients and NOAH Advisors, and demonstrate
conviction to deliver top results
Creative deal solutions
Unique Industry Know-How
Unmatched Network and Relationships
Strong Investment Banking Competence
Full Commitment - We Are Entrepreneurs!
EUROPE’S LEADING INTERNET
CORPORATE FINANCE BOUTIQUE®
The NOAH Advisors Core Banking Team
Marco Rodzynek
Managing Director & Founder
Jan Brandes
Managing Director
Nikhil Parmar
Director
Olek Skwarczek
Associate
Lukas Schlund
Analyst
December 2014 October 2014
Sale of 100% of
for $800m to
Exclusive Financial Advisor to
Fotolia and the Selling Shareholders
Sale of 100% of
for €80m to
Exclusive Financial Advisor to
Trovit and its Shareholders
October 2016
Investment in
Exclusive Financial Advisor to KäuferPortal
and its Shareholders
by
84% Ownership
December 2016
August 2017
Financial Advisor to Silver Lake
Financial Advisor to EMK Capital
Investment in
Acquisition of a Majority Stake in
by
by
at a valuation of $200m
November 2019 July 2019
September 2018
Financial Advisor to MagicLab
Financial Advisor to AU10TIX
and its shareholders
Financial Advisor to 10bis
and its shareholders
Acquisition of a 79% stake in $60m Investment in
Sale of 100% in
by
at a valuation of ~$3 billion
at a valuation of $260m by
for €135m to
10Bis