Bango (BGO) Investor presentation summary

Market position and business model

• Provides digital payment and subscription bundling services, enabling alternative payment methods like direct carrier billing and digital wallets.

• Powers major global telcos and content providers, including integration with Amazon, Google, Microsoft, and Verizon.

• Operates in over 50 countries with 100+ content provider partners and 125+ telco partners.

• Largest DCB provider for Google and sole provider for Amazon Japan and NTT DOCOMO.

• Recurring SaaS license fees, integration fees, and transaction-based revenue model.

Technology and platform advantages

• Proprietary "Connect once" platform offers a single API for telcos to access multiple content providers.

• Over 230 payment connections, supporting seamless integration and reducing complexity.

• Enables super bundling, allowing users to manage multiple subscriptions through one interface.

• Zero customer churn post-launch, indicating high stickiness of contracts.

• Powers the world's largest subscription super bundling stores.

Market dynamics and growth opportunity

• Total global DCB spend projected to grow from $38.1B to $77.2B by 2029 (10.6% CAGR).

• Digital subscriptions via telco bundles expected to rise from 360M in 2023 to 626M in 2029 (9.6% CAGR).

• Super bundled subscriptions forecast to reach 95% of telco bundles by 2029 (79.1% CAGR).

• First mover advantage in subscription super bundling, especially in markets with high unbanked populations.

• Delivers benefits to telcos, content providers, and subscribers by simplifying integration and expanding reach.