reasons: 1. Their debit card cash back is originated from interchange commission (that's why they either doesn't pay cash back or pay as low as 0.1% in most countries). 2. They are limited to 1 country due to necessity to obtain licences in every new country (that's a very long way and that's why they are so clumsy).

We can do to due to 2 reasons: 1. Our cash back is originated from affiliate marketing model, we get incomparably bigger commission from stores around the world. 2. We are not limited by local jurisdictions as we use BaaS (bank-as-a-service) model allowing us to issue our debit card in any new country quickly.

Selling points and differentiation

- The most rewarded debit card in the world! - Best deals and coupons inside your bank account. - No fees for transfers, daily payments and other basic stuff! - “Stress-free” banking, no hidden fees ever - The best and only digital customer service - Equally profitable around the world

Why we are Booking.com among neo-banks:

Booking.com Can be equally used in UK, Nigeria, India or any other country as it offers the same product Doesn't depend on local regulators, as it doesn't (re)sell, rent out, offer any travel product or service Runs all it's worldwide business from 1 place Kashback.com Is now launching in a new country for 1 week due to unified system of management, marketing and technical support which run from 1 place Has transparent business model that doesn't require registering local entities The product-market fit was proved by 1M users

By now we: As a cashback app - Launched in 19 new countries: US, UK, Canada, India, Australia, Malaysia, Singapore, Phillipines, Nigeria, Spain, Mexico, Columbia, Argentina, Chile, Peru, Germany, France and - Gained 5,000+ partnerships worldwide (Booking, Aliexpress, etc.) As a neo-bank - Made full business development with BaaS providers in UK, US and Europe. - Created MVP and bank product architecture"

The crucial thing is not amount of countries or partnerships, but how to create a united system that work with small resources.

100% remote team. No any "local teams", "country managers" and other useless stuff. Centralization is about how to make the same, but x10 more efficient. System can scale exponentially, "teams" can't.

Kashback.com valuation will increase in 6 after transformation from cashback app into neo-bank (multipliers are based on valuation of the prominent cashback apps (Rakuten, iBotta, Dosh, etc) and neo-banks (Revolut, Chime, MoneyLion, etc)).