• Over 5000 people on our waitlist to become users of Hutsy.
• Hutsy has experimented with lending and has successfully made a 107% return on investment.
• According to Global Newswire, the Neo and challenger bank market was valued at $20.46 billion in 2019 and is projected to reach $471.06 billion by 2027 (Canada and USA).
• Hutsy will now directly challenge the payday lending industry by providing users with access to early payroll so Canadians can avoid going to loan sharks.

Perks

1. First year FREE for premium users.
2. Optional share buyback program 10% return annually on your investment.
3. No investment management fees on investments for Hutsy Investors.

Core Values

Hutsy's core values consist of ensuring the financial well-being of Canadians by forming key partnerships with other FinTech companies to join forces and create faster, safer, better financial products for our clients. Five banks hold 95% of assets in Canada and Canadian banks are some of the most profitable banks in the world per capita. However, according to Invest Executive, 45% of Canadians live paycheque to paycheque and as consumers we have nothing to show for banks bringing in billions of dollars annually. It is almost like banks are “disincentivized” to provide products that help Canadians as it will eat into their profit margins. Core values at Hutsy are built around creating a bank with great rates and no monthly fees, which uses smart technology to show the most relevant information about your spending, saving and bills, so you can plan forward, as well as look backward. We’re stripping the waste out of the traditional banking industry to give back to customers and challenging the status quo of what banking is and how it’s done. We’ve found the best and brightest in banking and technology and liberated them to create the bank they’ve always dreamed of, with smarter technology and experiences that people have come to expect in a world run on your mobile devices.

We want to target people and provide them with the education and resources they need to make better financial decisions that will help them save money, make money, and borrow money when in need. Big financial institutions leave a lot of cracks in the ground for startups to dominate as it is not that profitable for them to operate in that market.

With help, support and Tefari’s ability to empower the core management team for Hutsy, CEO and Founder Tefari Bailey will bring these core values to life.

How does Hutsy make money?

Hutsy’s business model is designed to make monthly payments from various service fees, keeping fees low and simple for users while optimizing for profitability. We make money on annual card fees, interchange fees (when a customer makes a purchase), and loan brokerage fees.

For premium card users they are charged $10 monthly or $100 annually if they pay upfront. Normal financial institutions charge up to $30 a month or $360 annually for a premium account. Please see our total revenue breakdown below.

Premium Card Fees

$100 annually or $10 monthly ($120 annually)

Interchange Fees 1.5% of all purchases. For example, if someone spends $300 monthly on their Hutsy card, Hutsy makes $4.50 monthly, which would be $54 annually. With 5,000 users that would be $270K from this revenue stream alone. (We currently have 5000+ users on our waitlist)

Loan Fees

In the future, we plan on being the middleman with our white labelled lending platform and charging 4% of the funded loan amount to the borrower. For example, if someone is looking for a $5000 debt consolidation loan and our partner is able to fund this loan, we will charge a 4% commission on the loan which would be $200 for Hutsy. We are currently in advanced talks with a few potential lenders that specialize in debt consolidation loans.

Hutsy Financial. Legal name (Hutsy Financial Corp.) is raising $250,000 with a pre money valuation of $5,000,000 and a post money valuation (after the investment is received) of $5,250,000 assuming a $250,000 raise.

With 10,000,000 total shares outstanding (issued so far by the company), Class A Non-Voting, Common Shares will be issued at a price per share of $0.50.

Assuming the maximum raise, 4.8% of the business is being offered during this round. If the minimum is raised ($25,000), that equates to 0.05% of the business.

The shares will have rights to any potential dividends (payouts) from the company, and will have the right to share in any proceeds from the sale of the business. The shares have 'Tag Along' and 'Drag Along' rights to protect minority shareholders. The shares do not have the right to vote or have a say in the control of the business.

How Hutsy will Revolutionize the financial industry:

1. Credit reporting in app
2. Automated investment options
3. Ending payday lending industry
4. AI first approach

Innovating with Neo Thinking

Hutsy will revolutionize the financial Industry. As we will provide these solutions: credit monitoring and building, round ups, end payday lending, and we take an AI approach. Hutsy is innovating and revolutionizing the financial industry by providing digital or pre-paid, reloadable cards with a companion app to help you invest, save, and track your finances with ease. By leveraging AI, big data, and artificial intelligence we are able to make this happen.

These companies have shown major success in this space. Our main target audience are the 45% of Canadians living paycheque to paycheque. Offering them financial tools, and solutions to get them out of those situations.

https://www.minnesotalawreview.org/wp-content/uploads/2019/07/Walsdorf_MLR.pdf

https://www.investmentexecutive.com/news/industry-news/53-of-canadians-live-paycheque-to-paycheque/

https://www.globenewswire.com/news-release/2020/05/04/2026793/0/en/Global-Neo-and-Challenger-Bank-Market-to-Reach-471-0-Billion-by-2027-at-48-1-CAGR.html