ONE COMMUNITY. CONNECTED ECONOMICS.

A trusted network.
A compounding platform.

Payments bring the relationships. Software deepens them.
Banking and partner services expand the economics.

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Explore the investment, one decision at a time.

Shape the
investment

Operating case

Bank size

Acquisition route

Revenue scope

All views update together /USD · Years after bank opening · Illustrative assumptions

Year 10 net income

$16.5mBank + platform, after tax

Cash funding required

$40.1m+ $19.5m contributed bank value

Project return · IRR

14.0%Below the 15.0% required return

Modeled exit proceeds

$159.8mAt ~11 years from inception

THE RANGE OF OUTCOMES

One platform. Three operating cases.

Same bank, acquisition route and revenue scope. Different adoption and unit economics.

THE INVESTMENT LOGIC

Distribution first.
Depth follows.

01Community relationships

Institutions introduce trusted access.

02Daily-use infrastructure

Payments and software build relevance.

03More value per relationship

Fee services expand contribution.

WHAT THE CAPITAL FUNDS

Cash and contributed value.

$59.6mtotal economic capital

Cash through bank opening$8.2m

Subsequent cash calls$32.0m

Bank contributed for shares$19.5m

Shares reduce cash needs. The bank’s contributed value remains an economic cost; ownership dilution is not calculated.

GROWTH BEYOND THE CORE

Layer services into a working network.

$6.33mYear 10 expansion contribution
pre-tax, after recurring costs

Launch: bank Y2Lending includedNet income positive Y5

THE PRICE DISCIPLINE

The growth story still needs the right entry price.

At a 15.0% required return, modeled bank consideration supports up to $16.22m, versus the $19.5m assumption.