This report shows the analysis made for an existing and currently operating online lending platform born in Argentina. This business, named GroUit, aims to grant working capital loans to small businesses, assessing a lot of different non-traditional variables, to approve credits in an agile and paperless manner. This study presents a comprehensive approach which will be detailed from the technical features of platform development, to the profitability of the investment project. The report aims to assess the recent expansion that exists in the so-called Fintech field, where the trend seems to continue the path of exponential growth. The Project consists in a market analysis in first place and then going deeper into technical and economic-financial analysis. It ends in a viable, profitable and attractive business model. Access to credit in Argentina and the South American region is significantly behind respect of the world and even in comparison with the rest of the emerging countries. Nevertheless, in the last 2 years a great advance has been seen in this area, supported with public policies from the government and Central Banks. This been said, it seems to be a great business opportunity. Based on this context, a market research will be performed, to then go into the analysis of the business development itself, where technical, marketing and legal issues will be considered. Finally, a Financial and economic analysis will be carried out to complete the breakdown of this business. With all the mentioned information, a financial analysis was made considering the development of future cash flows. Once revenues and expenditures are estimated, the project yields an annual IRR of 28% (2.1% monthly) and an NPV of USD 173,100 (2 years) Finally, to assess the risks associated with the project and in order to understand how some variations of certain variables affects the project, studies are conducted simulating different scenarios and variations This report concludes that the business is viable, profitable and attractive for investment
Questo rapporto mostra l'analisi fatta per una piattaforma di prestito online esistente e attualmente operativa, nata in Argentina. L'attività, denominata GroUit, mira a concedere prestiti per il capitale circolante alle piccole imprese, valutando molte variabili non tradizionali diverse, per approvare i crediti in modo agile e privo di supporti cartacei. Questo studio presenta un approccio completo che sarà dettagliato dalle caratteristiche tecniche dello sviluppo della piattaforma, alla redditività del progetto di investimento. Il rapporto mira a valutare la recente espansione che esiste nel cosiddetto campo Fintech, dove la tendenza sembra continuare il percorso di crescita esponenziale. Il progetto consiste in un'analisi di mercato al primo posto e poi approfondisce l'analisi tecnica ed economico-finanziaria. Finisce in un modello di business redditizio, redditizio e attraente. L'accesso al credito in Argentina e nella regione sudamericana è significativamente dietro al rispetto del mondo e persino rispetto al resto dei paesi emergenti. Tuttavia, negli ultimi 2 anni è stato visto un grande progresso in quest'area, supportato da politiche pubbliche da parte del governo e delle banche centrali. Questo è stato detto, sembra essere una grande opportunità di business. Sulla base di questo contesto, verrà eseguita una ricerca di mercato, per poi passare all'analisi dello sviluppo del business stesso, in cui verranno prese in considerazione questioni tecniche, di marketing e legali. Infine, verrà condotta un'analisi finanziaria ed economica per completare la scomposizione di questa attività. Con tutte le informazioni citate, è stata effettuata un'analisi finanziaria considerando lo sviluppo dei flussi di cassa futuri. Una volta che le entrate e le spese sono stimate, il progetto produce un IRR annuale del 28% (2,1% mensile) e un VAN di 173,100 USD (2 anni). Infine, per valutare i rischi associati al progetto e per capire come alcune variazioni di alcune variabili influenzano il progetto, vengono condotti studi che simulano diversi scenari e variazioni Questo rapporto conclude che l'attività è redditizia, redditizia e attraente per gli investimenti
Fintech startup : analysis of a digital lending business for small & medium-sized enterprises (SMEs) in Argentina
ALDAY BONANNO, MARIANO JUAN
2017/2018
Abstract
This report shows the analysis made for an existing and currently operating online lending platform born in Argentina. This business, named GroUit, aims to grant working capital loans to small businesses, assessing a lot of different non-traditional variables, to approve credits in an agile and paperless manner. This study presents a comprehensive approach which will be detailed from the technical features of platform development, to the profitability of the investment project. The report aims to assess the recent expansion that exists in the so-called Fintech field, where the trend seems to continue the path of exponential growth. The Project consists in a market analysis in first place and then going deeper into technical and economic-financial analysis. It ends in a viable, profitable and attractive business model. Access to credit in Argentina and the South American region is significantly behind respect of the world and even in comparison with the rest of the emerging countries. Nevertheless, in the last 2 years a great advance has been seen in this area, supported with public policies from the government and Central Banks. This been said, it seems to be a great business opportunity. Based on this context, a market research will be performed, to then go into the analysis of the business development itself, where technical, marketing and legal issues will be considered. Finally, a Financial and economic analysis will be carried out to complete the breakdown of this business. With all the mentioned information, a financial analysis was made considering the development of future cash flows. Once revenues and expenditures are estimated, the project yields an annual IRR of 28% (2.1% monthly) and an NPV of USD 173,100 (2 years) Finally, to assess the risks associated with the project and in order to understand how some variations of certain variables affects the project, studies are conducted simulating different scenarios and variations This report concludes that the business is viable, profitable and attractive for investment| File | Dimensione | Formato | |
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2018_04_Alday Bonanno.pdf
Open Access dal 13/04/2019
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https://hdl.handle.net/10589/139356