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BANK OF TELECOM

Internet Mobile Communications Ltd (IMC) was established on 7th March 2012. Its business vision was to develop and implement ecomo, the smartphone calling application for Android and I-OS. Launched in August 2013, ecomo now has 350,000 global customers across every country of the world and over 2Bn minutes of customer traffic. This success allowed IMC to develop and implement the Bank of Telecom, the automated international voice market for telecom suppliers that went live on 1st November 2015. Bank of Telecom has over 400 carrier Members from 73 countries and carries over 1 million minutes a day between its Members.

THE IDEA
Products & Services

Bank of Telecom® is the global automated voice traffic marketplace for international telecom suppliers with over 400 telecom carrier Members in over 80 countries from each Continent. Bank of Telecom® Members can trade voice, buy market, traffic and test reports helping them to trade efficiently using informed market decisions. Bank of Telecom® Members choose the sale price and the payments terms for each route they Post. Members have access to Global Traffic Reports showing ASR & ACD of a destination and Global Market Reports showing the Price of a destination. Members can authorize CLI & NCLI Test reports for new and existing Routes and also HLR look up reports to clean numbering databases.

Problem Solved

Members gain access to the US$1.5Bn international telecom voice market and solves the inherent International Telecom Market inefficiencies across sales and buy rates, billing and collections, traffic management, financial management and credit risk management by full service automation. Bank of Telecom provides a fast efficient cost effective solution for both the large and small carriers saving over 70% on Bank charges, with same day payments in minutes rather than 3 to 5 working days and any amount can be paid for a single $20 charge. The Bank of Telecom platform is available in: English, Spanish, Russian & Chinese: the languages of the global telecoms market.

Revenue Model

Bank of Telecom has the following revenues streams from the activity of international telecoms;
Banking related:
1. Annual Joining Fee
2. Capital Usage Fee
3. Payment Fees.
Telecoms related:
1. Voice calls revenue
2. Global Marketing Data reports.
3. Global Traffic Data reports
4. CLI & NCLI Route Test Reports
5. HLR Test Reports.
IMC currently have 24 PTT or Tier 1 and over 400 Bank of Telecom Members. IMC aim to sign up 1300 carriers as Members of Bank of Telecom by the end of 2018. We estimate that there are 11,500 carriers of all types in the world with more niche suppliers emerging year on year.

Exit Strategy

A potential UK listing or trade sale in 4 years time

Minimum Target £ 300,000 Maximum Target £ 450,000 Minimum Investment £ 5,000 Maximum Investment £ 200,000
Share On Website Visit site Location CHELMSFORD
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The Idea

Products & Services

Bank of Telecom® is the global automated voice traffic marketplace for international telecom suppliers with over 400 telecom carrier Members in over 80 countries from each Continent. Bank of Telecom® Members can trade voice, buy market, traffic and test reports helping them to trade efficiently using informed market decisions. Bank of Telecom® Members choose the sale price and the payments terms for each route they Post. Members have access to Global Traffic Reports showing ASR & ACD of a destination and Global Market Reports showing the Price of a destination. Members can authorize CLI & NCLI Test reports for new and existing Routes and also HLR look up reports to clean numbering databases.

Problem Solved

Members gain access to the US$1.5Bn international telecom voice market and solves the inherent International Telecom Market inefficiencies across sales and buy rates, billing and collections, traffic management, financial management and credit risk management by full service automation. Bank of Telecom provides a fast efficient cost effective solution for both the large and small carriers saving over 70% on Bank charges, with same day payments in minutes rather than 3 to 5 working days and any amount can be paid for a single $20 charge. The Bank of Telecom platform is available in: English, Spanish, Russian & Chinese: the languages of the global telecoms market.

Revenue Model

Bank of Telecom has the following revenues streams from the activity of international telecoms;
Banking related:
1. Annual Joining Fee
2. Capital Usage Fee
3. Payment Fees.
Telecoms related:
1. Voice calls revenue
2. Global Marketing Data reports.
3. Global Traffic Data reports
4. CLI & NCLI Route Test Reports
5. HLR Test Reports.
IMC currently have 24 PTT or Tier 1 and over 400 Bank of Telecom Members. IMC aim to sign up 1300 carriers as Members of Bank of Telecom by the end of 2018. We estimate that there are 11,500 carriers of all types in the world with more niche suppliers emerging year on year.

Exit Strategy

A potential UK listing or trade sale in 4 years time

The Market

Market & Competition

The international voice telecommunications market volume for the year 2015 was US$1.5Tn. This huge global market is growing rapidly driven by many factors including globalisation of intenational business and increased Teledensity in the developing world.

Funding Details

We are looking for £450,000 for cash flow and working capital. However we have just completed the Tranche 1 round for £250,000 with Angels Den and are now looking for the Tranche 2 round of £200,000 at the same pre-money valuation of £3m. IMC as an established business that has developed, own and operate the Bank of Telecom, that is fully operational and poised to attack the global voice market. IMC expect to create a dramatic impact in the market and see a trade sale or public listing as the exit event within 3 years.

This pitch will only be able to close if it hits its minimum target. If it does hit its minimum target, it will then fund until it hits its maximum target or until the pitch end date, whichever comes first.

Other Info

Disclosure letter updated 28/12/2016

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