Business Executive Summery
Over View:
Bangla Chat Mobile App is a
cutting-edge communication platform designed to cater specifically to the needs
of Bangladeshi expatriates worldwide. Our comprehensive suite of services
includes chat, voice calls, video calls, and remittance services, all tailored to
facilitate seamless communication and financial transactions for our users.
Aim
& Mission:
Initially Bangla Chat will launch its venture targeting Bangladesh for its 7, 00, 00,000 customer. Gradually it will expand its service to Pakistan, India, and Sri Lanka etc. Asian Countries and later on Europe Countries. The country or the Bank where Bangla Chat will be operated, the Bank will enjoy a huge volume of service charge and the country will earn a big amount of foreign currency in currency conversion process over the whole Bangla Chat transaction. Bangla Chat targets to earn only 1% as service charge of $ 27.1 Billion USD from Bangladesh Remittance Market per year.
Bangla Chat Mobile App will provide - Services:
1. Chat Service: Connect with friends,
family, and colleagues through instant messaging, stickers, and emoji’s in your
native language, Bangla, fostering a sense of closeness and familiarity.
2. Voice Call Service: Make
crystal-clear voice calls to any mobile or landline number in Bangladesh,
ensuring uninterrupted communication with your loved ones.
3. Video Call Service: Experience
face-to-face conversations no matter where you are in the world, with
high-quality video calls that bring you closer to home.
4. Remittance Services: Send
money to your family in BANGLADESH / HOME COUNTRIES quickly, securely, and
affordably, with competitive exchange rates and convenient transfer options.
Bangla Chat Users can send directly remittance/Money to Bangladesh from following countries:
- Saudi Arabia
- UAE
- USA
- Singapore
- Malaysia
- Canada
- China
Any Bangla Chat User can send remittance/Money from any countries of the world to anywhere if he has:
- Credit Card
- Debit Card
- Visa card
- Master card
- Online Bank Account
Bangla Chat Business partner:
- International MTO:
- Master card
- Skrill
- Visa Card
- Bangladesh PSO:
- Mutual Trust Bank
- bKash
- Nagad
- SSL
- UAE : Pay it
- Saudi Arabia : STC Pay
- Malaysia : We Chat
- China. : We Chat
- USA. : Cash Out
- Singapore. :Pay Now
Business Analysis & Target Market
|
Top Remittance Earning Countries in South Asia – Bangla Chat initial Market |
||||
|
Top remittance recipient countries |
Top countries (Contributing to GDP)* |
|||
|
Country |
Amount of remittances (Billion USD) |
Percent of total Global remittance inflow |
Country |
Percentage Share of GDP |
|
India |
83.1 |
11.65 |
Nepal |
23.5 |
|
Pakistan |
26.1 |
3.66 |
Pakistan |
9.9 |
|
Nepal |
8.1 |
1.14 |
Bangladesh |
6.6 |
|
Sri Lanka |
7.1 |
1.00 |
Afghanistan |
4.1 |
|
Afghanistan |
0.8 |
0.11 |
Bhutan |
3.3 |
|
Bhutan |
0.1 |
0.01 |
India |
3.1 |
|
|
|
|
Maldives |
0.1 |
|
*Top 10 Countries according to remittance inflows as percentage share of GDP (percent) in 2020. Source: Migration and Development Brief 34, May 2021 |
||||
Initial Target Customer:
Ø Bangla
Chat targets 20 million Ex-patriot service holder Bangladeshis around the world
to serve their remittance to their families on mobile & Bank account.
Ø Bangla
Chat integrates with local PSP Bkash who has existing 50000000 customers who
will be by default Bangla Chat customer with API integration for remittance.
Ø Bangla
Chat integrates with local PSP Nagad who has existing 20000000 customers who
will be by default Bangla Chat customer with API integration for remittance.
Ø Bangla
Chat integrates with local SSL backbone who has existing 27 bank API
integration for money transaction will be by default add with Bangla Chat
customer with API integration for remittance.
Ø SMEs
involved in international business would also be benefited from Bangla Chat's
services. They often need to pay vendors or suppliers in different countries,
and our platform would offer them a reliable and cost-effective way to do so.
Ø By
targeting these specific customer segments, Bangla Chat aims to build a diverse
customer base that values our fast, transparent, and secure remittance
services.
Business Planning Milestones:
|
Year |
Milestone |
Status |
|
Year 1 |
Launch platform in the Bangladesh |
Under testing & trouble shooting |
|
Year 2 |
Achieve profitability |
In progress |
|
Year 3 |
Expand market reach to Europe |
Planning stage |
|
Year 4 |
Develop additional value-added services for customers |
Planning stage |
|
Year 5 |
Establish partnerships with major banks and financial institutions |
In Progress |
Organogram:
|
Position |
Candidate Name |
Experience |
|
Chief Executive Officer (CEO) |
MA Ferdous |
10+ years of experience in fintech, including leading successful startups in the digital payments space. |
|
Chief Operations Officer (COO) |
Mr. Masud |
Extensive background in operations and management, having previously served as COO at a large financial institution. |
|
Chief Technology Officer (CTO) |
Mr. Rakib |
15+ years of experience in software engineering with a focus on building scalable systems in the financial services space. |
|
Chief Compliance Officer (CCO)
|
Mrs. Sheuly |
Expert in regulatory compliance with a deep understanding of anti-money laundering and know-your-customer requirements.
|
|
Chief Marketing Officer (CMO)
|
Mr. Mokbul |
A marketing veteran with over 20 years of experience in branding and digital marketing, including leadership roles at major consumer-facing companies. |
Each of these candidates brings a unique set of skills and experience to our management team, and we look forward to working with them to drive the growth of our business
Projected Funding Requirements:
Ø $1.5
million for the development of our digital remittance platform and IT
infrastructure.
Ø $500,000
for staff salaries, training, and benefits.
Ø $500,000
for marketing and advertising expenses, such as social media campaigns, content
marketing, and targeted ads.
Ø $500,000
for legal and regulatory compliance costs, including licensing fees, audit
costs, and legal fees.
Proposed Business Projection:
- Ø Projected revenue in Year 1: $5 million
- Ø Projected revenue in Year 2: $12 million
- Ø Projected revenue in Year 3: $20 million
- Ø Projected net profit in Year 1: $1.2 million
- Ø Projected net profit in Year 2: $2.5 million
- Ø Projected net profit in Year 3: $4.1 million
- Ø Projected cost of customer acquisition: $20 per customer
- Ø Projected customer base in Year 1: 50,000
- Ø Projected customer base in Year 2: 100,000
- Ø Projected customer base in Year 3: 150,000
Sales Forecast:
|
Product Categories |
2025 |
2026 |
2027 |
|
Transaction Fees |
$5,000,000 |
$6,000,000 |
$7,000,000 |
|
Foreign Exchange Spread |
$3,000,000 |
$4,000,000 |
$5,000,000 |
|
Value-Added Services |
$1,000,000 |
$1,500,000 |
$2,000,000 |
|
Total |
$9,000,000 |
$11,500,000 |
$14,000,000 |
Projected Profit and Loss:
|
P&L Categories |
2025 |
2026 |
2027 |
|
Revenue |
$5,000,000 |
$12,000,000 |
$20,000,000 |
|
COGS |
$2,500,000 |
$6,000,000 |
$10,000,000 |
|
Gross Margin |
$2,500,000 |
$6,000,000 |
$10,000,000 |
|
Gross Margin Percentage |
50% |
50% |
50% |
|
Expenses List |
$1,000,000 |
$3,000,000 |
$5,000,000 |
|
Profit |
$1,500,000 |
$3,000,000 |
$5,000,000 |
|
Profit Percentage |
30% |
25% |
25% |
Projected Cash Flow:
|
Cash Flow Categories |
2025 |
2026 |
2027 |
|
Inflow |
$5,000,000 |
$10,000,000 |
$20,000,000 |
|
Outflow |
$4,000,000 |
$7,500,000 |
$12,000,000 |
|
Net Cash Flow |
$1,000,000 |
$2,500,000 |
$8,000,000 |
|
Cumulative Net Cash Flow |
$1,000,000 |
$3,500,000 |
$11,500,000 |
Projected Balance Sheet:
|
Name |
2025 |
2026 |
2027 |
|
Assets |
$500,000 |
$1,000,000 |
$2,500,000 |
|
Liabilities |
$250,000 |
$500,000 |
$1,000,000 |
|
Equity |
$250,000 |
$500,000 |
$1,500,000 |
Regulatory Details:
Name of the Company: Bangla Chat
Company Registration No In Bangladesh: TRAD/DNCC/047537/2023
Company Registration Number in USA: Under Process
Tax identification Number 587067421682
Website: https://banglachat.net
Server : USA
Business Affiliate Partner & License used: WISE
Countries under Operation: Bangladesh, USA, Canada, UAE, Saudi Arabia, Malaysia, Singapore, Oman, Qatar.
Registered Office:
Address:
Plot-9, Road-17, Block–J, Eastern Housing, Alubdi, Mirpur-12, Pallabi, Dhaka-1216,
Bangladesh
Cell: +880 13 1212 1616
E-mail: ferdous@banglachat.net
G-mail: marferdous@gmail.com
Web:www.banglachat.net
Bank Details:
Mutual
Trust Bank Ltd
Hemayetpur Branch
A/C Name: Bangla Chat
A/C No: 1301000309975
SWIFT CODE: MTBLBDDH
Contact Information:
Email : info@banglachat.net
: ferdous@banglachat.net
Phone : +880 13 1212 1616
Facebook: https://www.facebook.com/profile.php?id=61558337745693
Founder & CEO
M A Ferdous, a visionary entrepreneur with a passion for leveraging technology to address the unique needs of the Bangladeshi diaspora, leads Bangla Chat Mobile App. With a background in technology and a deep understanding of the challenges faced by expatriates, Ferdous is committed to driving innovation and delivering exceptional value to users.
M A Ferdous
CEO
Bangla Chat
