Euler

We are launching a Blockchain powered NeoBank that can be easily integrated with any bank’s infrastructure to provide a fully rounded financial experience for SME’s and startups.

First 1000 signups get to use our all round finance + ecommerce application at a 50% discount, forever! Sign up now!

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Euler combines the simplicity of e-commerce with the security of trusted banks and Blockchain to provide a new banking experience for SMEs, startups, and customers. Euler uses the SHINE Blockchain platform for real time audits, reduced costs for data security, and better risk management with our banking partners.

Features

SMEs and startups

  • Invoice reconciliations: Raise invoices through Euler and make payments against the invoice with instant reconciliation.

  • Tax filings: GST filings made easy through managing GST cashflow.

  • Investments: Have free cash flow even after investing in the business? Our investment advisory is here to help you pick the best way to manage your money.

  • Invoice based lending: Getting loans against invoices has never been easier. Raise invoices through Euler and instantly apply for cash flow loans through our banking partners.

  • Inventory based lending: Lending against existing inventory.

  • Corporate cards: Get corporate credit and debit cards for you and your workforce through Euler. Onboard them onto Euler and instantly receive reward points and cashbacks for your business.

  • Company investments: Apply for investments into your company through connecting with the investor group partners on Euler.

For banks

  • Customer engagement: Euler provides a user friendly way to engage with customers for bank value added services such as investments, lending, credit cards. Skip the existing phone/text messaging way of reaching out to customers, and bring the customers to you rather than the other way around.

  • New accounts: Incentivize existing account holders to enable opening of new accounts for their customers and suppliers through referral programs and incentivization schemes.

  • Low operational costs: All data is stored, traced, and audited on the SHINE Blockchain platform, which makes it easy for real time audits.

  • System security using Blockchain: Data stored on the Blockchain cannot be tampered or modified, then; Top notch user experience for customers.

For Individuals

  • Make the most out of your money: Our integrated platform covering investments for free cash flow, AI micro-investment recommendations, and collateral based lending that helps end customers make the most out of their money.

  • Trust built in through technology: Our platform builds trust with customers through bank partners as well as enables full transparency of all transactions using Blockchain technology.

  • Experience: Customers are in for a seamless banking experience which combines the ease of use of e-commerce with the security of our banking partners.

  • Cards: Manage all your cards and reward points in one place, and get the best price for spending through your credit/debit cards across all e-commerce stores.

  • Sign up rewards: Sign up in 2 minutes and earn referral rewards of upto Rs.500.

For partners

  • Leads for new business: Gain new leads through a low operational cost model for new subscriptions.

  • Advertisements: Enable advertising to a focused customer base for finance related products.

  • Sticky customers: Customers once enrolled, would not switch platforms easily as there’s a large switching cost in terms of time and convenience. Hence, the platforms would acquire highly sticky customers.

Revenue Model

SMEs and startups

  • Subscription model – Subscribe to Euler at a starting price of Rs.200 per month to avail all of it’s features. First month subscription is free, and 2 month subscription is waived if an annual subscription is taken.

  • Tax filings – GST filings made easy through managing GST cashflow.

  • Investments– Have free cash flow even after investing in the business? Our investment advisory is here to help you pick the best way to manage your money.

  • Invoice based lending – Getting loans against invoices has never been easier. Raise invoices through Euler and instantly apply for cash flow loans through our banking partners.
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Banks

  • Customer engagement: Customer acquisition costs for Banking/financial services start around $300 and can go upto $2000. And these costs to acquire customers can go up if more banking business units are offering their services. Euler charges $20 per customer that it offers to the bank, and this is to open a new savings/current account.

  • Per-transaction model: Euler offers investments, lending, FDs and other services to customers. For every offering that is given to a bank, Euler charges a 1% transaction fee for the volume of money on any of these services.

  • Advertising: Advertising is charged on a per-user, per-time period basis

Individuals

  • Euler is free for individuals, but there is a minimum deposit of Rs.5000 that is required.

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Partners

  • Per-customer/per-license cost: Euler charges based on the partner’s model. Euler charges partners a 10% fee for each customers’ license cost.

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Do you want to explore how Blockchain can be used for your business?

Get in touch with us now, and we’ll give you a call!