Zvilo

Idea

Introduction

Zvilo is on its way to becoming the first digital bank in the Balkans, providing ­­seamless connectivity, low fees, and accessible credit, and later bringing its offerings to other emerging markets.

Digital banks are present in most of Western Europe; however, the Balkans have been overlooked, and we believe the region is poised to become the next major growth market in Europe. There is a huge opportunity for Zvilo to modernise the banking experience in the Balkans.

The Balkan region has a population of over 21m, of which almost 40% remain unbanked. Moreover, 41% of businesses in the region need loans, but collateral requirements are almost 200%, which means funding is less accessible for SMEs.The diaspora of Balkan people is over 6m, with more than €11b being sent to their families in the Balkans each year. Through Zvilo, SMEs and consumers can take advantage of up to 85% savings across all banking and transfer fees.

We believe in a financially inclusive future, and it's our goal to make affordable financial products & services accessible to all.

Monetisation strategy

We believe that building a loan book from the very beginning is key to building a sustainable digital bank that generates revenue from day 1. As we scale our lending product in Kosovo & expand operations into other markets, we will kick-start our consumer lending and transactional banking via the Zvilo app.

What sets us apart from other digital banks is our specialised lending across these key revenue streams:

1. SME Lending: we provide short-term working capital facilities to SMEs across systemic value chains.

2. Consumer Lending: through the Zvilo app, credit-eligible consumers will be able to obtain microloans, such as Buy Now Pay Later, overdrafts & credit cards.

3. Money Transfer: through the Zvilo app, Balkan nationals can transfer funds from the UK & EEA to their families in the Balkans & vice-versa with savings of up to 85%.

4. Transactional Banking: Zvilo will receive interchange, FX and payment fees with each transactional use of the card products and payments.