Jobango Inc

The wealth of a nation is not only in its produced capital or natural resources, its in its people. Its in their skills, their health and their knowledge. Jobango sees all people with infinite capabilities to achieve and empower  themselves to create their own opportunities. However, we know that access to opportunity and the tools to sustain that access is limited around the world. 

As a platform that works across cultures, across skill level, across literacy levels, that promotes inclusion regardless of ethnicity, gender, sexuality, gender, housed or unhoused or class-  Jobango provides people with equitable access to opportunity and the tools grow and nurture their skill set whilst providing an ability to transact with the wider world. It enables people to find universal applicable skill jobs, its allows them to switch across industries, to engage with employers and up skill for practical applications in a safe and secure way.

For people on low income, who are self employed and part time workers there is a lack of consistent income availability because there is no market to access jobs in real time according to the hour of the day and price. There is no real efficient way of searching of part time work and being able to transact securely and efficiently.

While the wait for a rebound in the economy continues, the middle class, however, is simultaneously shrinking. Strategic sustainability measures for companies will mean they will analyse the highest cost output which is usually the cost of staffing resulting in mass lay offs by firms.  As with recessionary economics, this leads to economic polarisation and inflation of the cost of goods meaning companies will need to reduce the cost of employment. Employers in the future will have to look for alternative ways of hiring staff without the cost, but retaining the value. Jobango reduces employment costs by 15%.

 Un documentation leads to the exploitation of workers and human trafficking. Jobango uses biometric verification with a third line of defence in order to generate a unique user code. Similar to IPV6 technology there is a specific code for each user.

Jobango is an intergated job listing platform, crm system and banking system. It essentially a job listing platform to find rapid employment in each user locale listed by time and matched by a users universal skills and specific skills, however, it extends to person to person job which can be listed by any user opening a new market which traditionally was cash in hand.

In three simple clicks a person can create a profile, match jobs according to their universal skills, engage with employers and earn money which they can bank on the day it was earned. Employers or people can list jobs they need doing and engage with workers in a simple and easy way. Whilst workers have automated accounting a tax to ensure they can make fiscal contributions. 

Using biometric data authentication we give each user a specific code which enables their right to work. This is matched according to ID verification which allows those who are displaced to open a bank account.  Uniquely, through our system the cost of payroll is far cheaper and employers can manage workers effectively.

Jobango democratises peoples ability to earn, giving them flexibility and choice, but also the ability to really help those who are struggling to put food on the table. Where often traditional employment means people are paid bi weekly or monthly, Jobango enables people to be paid on the day meaning people will get into less debt and have cash when they need it.  The societal impact of Jobango means that parents can spend more time with their children and lead a more balanced life. 

Jobango wants to be an open and transparent platform for the benefit of human beings. The way  this platform is structured, will allow authorities to track and investigate all human trafficking and will prevent the exploitation of labour.  

Product stages

Stage 1 where we are at 

MVP  Job listings according to locale, map view 

MVP 2.0 employers managing two or more employees. Subscription model to enhance the crm to shift full time employees to self employed without the disconnection. Pay by job.  

Full product January 2021

Opening up rewards and gamifying employment through rewards points. Bango points. Bankable points. 

Rewards for earning a job, rewards for walking to work, rewards for cycling.

Enable the trade and transfer of bango points which can be exchanged to cash. Transfer to users.

2022 onwards 

Education aspect ( easily incorporated into design but not applicable could integrate with API to a partner though). 

Digital healthcare ( easily incorporated into design but not applicable could integrate with API to a partner though). 

Business banking and Epos

 Credit lending 

Key components

People or companies listing jobs

Job listings in real time according to user location and time

Service providers 

Contextual adverts based on user matching algorithm fro transferable skills across industries

Subscription services

Simplified design that is universal and easy to use. Holistic solution which works for anyone who can use a mobile phone. 

Automated systems 

- Allows anyone to list a job, allows anyone to manage their employment task, their jobs and pay tax.

**Below

Please note In January we have applied for the Y combinator in San Francisco. We are incorporated in UK with company number 12541977.  

California will be where we extend first. We have  key hub locations as apart of our marketing strategy on Facebook. 

Los Angeles ( Current Facebook group 3400 beta members)

Edinburgh ( current Facebook group 1300 beta group 1 members

Beta group 2 1531 members

Beta group 3  52,000 members)

London (6000 Facebook beta members)

Sydney ( 2000 Facebook beta members) 

(World Bank submission Mission Billion Prize Submitted so Ghana is also a potential hub ).

3

Head of Risk 

Kim Bysted- former head of Risk and Operations  at Morgan Stanley 

Ann Camarillo ( US based)

- Former CEO of Maestro

Candice Crossan CEO/ MD / Founder

Former Strategy officer at Turner Group 

January a team of 6 developers

Culture and diversity are extremely important to the company. As of current we are only a small start up. In the future we hope to be able to employ 30% of our staff from BAME backgrounds but also to focus on reskilling the older generation into tech, adopting our work practices to enable people who are disabled the ability to work in a open, understanding and compassionate environment. 

I want to create a company that will be for the betterment of all life on this earth. 

The product itself has been design to be universal and for those with low levels of literacy.

Jobango has been designed to benefit its users by allowing users to work on real time jobs listed by time or location (especially useful in the current pandemic COVID19 environment). For employers it reduces the overhead costs by 15% and allows anyone to list a job opening up a channel of people to people jobs.  The way jobango is designed it sees people as having infinite capabilities. In its infancy it recognises universal skills people can adopt across industries but allows people to rapidly train in to job tasks rather than career pathways meaning they can shift across organisations, shift across job type specific tasks and upskill for practical applications. 

When designing jobango we recognised this issue of displacement and banking. Often banks use home addresses in order to verify a person therefore most banked populations are median income earners. We change this by utilising bio metric data ( facial visualisation) matched with a birth certificate or any registered ID. The users data is then given a unique code which works like a lock and synthesis key and throughout their time as a user this code is theirs. For those with access to only one mobile phone it means multiple members from one family can login and log out and become banked in three simple clicks. Eventually as we scale up we want to release EPOS systems which work based on biometric verification allowing users to withdraw at any kiosk. This means people can work, travel and earn anywhere. 

Withdraws- we will eventually be able to allow users to withdraw their money at Kiosks. 

Jobango is a ruby on rails platform / React IOS/ Android with and integrated faster payments solution and PCI compliant e-wallet. 

The use of rails and react means that the application is user friendly, easy to use whilst maintaining high levels of security and allowing us to partition our servers to create three levels of security. 

Verification 

Biometric data facial recognition  is based on face verification ( scanning of the face) with ID matching  and location based data ( integrated with what three words) Iproov technology is integrated through an API to verify users. 

• Android SDK (v4.1 and higher)

• iOS SDK (v9+ Swift and Objective C)

• Browser – HTML5 WebRTC (Chrome/Firefox/Safari/Edge)

• Windows – proto-type client available on request

• Backend integration with iProov REST API 

Payments 

The Stripe API REST helps us deliver a global payment system with relative ease. In the UK we are testing faster payments.

Jobango builds on existing solutions like payments systems, job platforms and mobile banking. These are tried and tested systems with high levels of fraud mitigation and control. Usually these are isolated and not one singular isolated solution. However, with its designed Jobango has streamlined these traditional products to create a simple and easy process for anyone around the world to use. 

Payment systems

- The payment system is a faster payment integration between our Job listing server and our e wallet. The data reconciles immediately issuing a token when the user gets paid, this token then is available to view in the e-wallet. Stripe is a key payment processing supplier we can use.  

Biometric facial recognition

 Face Recognition is a secure and user-friendly feature that uses multiple facial data points to accurately authenticate end users, and next generation liveness detection to block hacker spoofing techniques.simple enrolment process, the face recognition option enables users to take multiple selfies to generate a highly accurate biometric template which is then encrypted and retained. A user then scans their ID and a unique user code is generated. 

We will start BETA testing in September/ October and we should have actionable results.

Without Covid19, the global economy faced challenging trends similar to that of 1979. Global sovereign wealth in nations around the world were falling below consumer debt, with corporate earning decreasing and productivity levels plateauing and the onset of the derivatives market bubble popping, an economic recession was inventible. Looking at consumer econometrics and using recessionary economics, a more hour glass shape of the global economy appears where the large majority of middle market business and people will find themselves economically pinched. Previously high-income, high-expenditure households of the middle class are now shopping for middle of the range goods, while middle class shoppers are being forced toward lower-end products due to tightening budgets. As the economy struggles, the upper and lower classes bulge, while the middle class is squeezed. The middle class feels an increased pinch even more so because stock prices and the housing market are declining while prices for education, health care, and other major expenses are increasing. With the ever increasing unstable job market across sectors, middle class households find themselves consuming and searching for products on the lower end of the spectrum which in turn means applications which target bottom tiers are likely to be a secure investment. 

We live in a society where open innovation is readily available due to technological advances. The capitalization of knowledge in an open society means that as knowledge becomes more generalist, many more people have access to this knowledge. Job tasks which require little or no skill, can be fulfilled by a number of people. Skills such as manual labour, cleaning, driving, warehouse operatives can be done by one person with a multiple range skill set. These skills are not specific to one person and people can acquire these skills rapidly. Additional skills can also be provided through learning and development.  Key focus needs to be on developing new ways in which people can earn and learn. 

A full strategic audit of the business model can be made available. 

UK 

2021 at 5% of he market 585,000 users

2022 at 10% 1,16m users

2023 15% 1,7m users 

2024 2,2m users

US in five years we aim for around 5m users 

In Africa we expect around 12 million users over a five year period. 

Stream 1 MVP  : Job listings

•Stream 2  MVP : Subscription fees for employers managing two or more employees

•Stream 3: Subscription for users who want to look in other locations other than their locale

•Stream 4 Opening up rewards and gamifying employment through auctioning jobs. Bango points are bankable and all financial modelling for these can be made available. 

•-Rewards for earning a job, rewards for walking to work, rewards for cycling. Encouraging map view for climate change mitigation. 

•Stream 5: Education to unlock jobs ties in with rewards but you can also complete jobs to unlock more jobs with skill matching.

•Stream 6 Search Advertising

IPO 

•Stream 7 Business banking and Epos

A percentage of each transaction will go towards a fund in order to reinvest

Reinvest 20% of our profits back into areas which give equity to enable equality. Digital inclusion, Focus on climate change mitigation, disaster recovery, water and food security. 

Economically we are globally sitting in a similar period to 1979. If sovereign wealth starts falling below consumer debt ( which it has already started in some nations) we could enter depression. Trickle down theory doesn't work and GDP is not an adequate measure for productivity. The current stimulus that we are seeing in terms of quantitative easing will only sustain the economy it will not grow the economy. We need equity in the form of technology to bridge the gap  of inequality but also because if we don't the levels of poverty we will see in the next 10 years will never have been seen in our lifetime. Millions of people will starve. If we enter a depression the surge of users could become a strain on our systems. 

2)Banking and compliance. 

3)Corruption , fraud, control

* Complete audit of risks with mitigation can be made available. 

1) We need to ensure our systems can handle surges.

2)The app MVP at the moment works like a dashboard so it can go universal without the need for compliance. The design changed as we couldn't get funding to become a licensed bank in the UK. So we looked at the problem and turned it into a solution which actually helped us as the app can now work across developed countries without the need for compliance and costs.   In each nation we then have to work with banking partner to have a banking licences.

3) We have a complete risk and control framework. 

4) Usually these functions are isolated with banking , job listing and communication channels but we have designed it in way which works really easily and really well for users. Everything is in the design so we will continuously improve the design to enhance customer experience. 

The way I work is specialised in strategy and developing economic models based on consumer econometrics. I would eventually like to be able to see where a direct investment could enable an equilibrium in terms of inequality.  I would like to be able to enable people into work positions practically. 

We have a commitment to reinvest 20% of our profits back into areas which give equity to enable equality. 

At the moment we will be building our MVP. It will be beta tested and ready for January. 

From there we will scale to our product to launch phase with a San Francisco combinator and release in 2021.

Natwest PLC ( Uk banking partner for faster payments). 

Looking to move to Stripe for universal. 

UVP

•Mobile app accessible 

•Life line for low income workers. Giving access to the ability to earn.

•Self sustaining digital ecosystem

•Easy to use, easy to transact, easy to manage. Allowing people to earn without having to think.

• Quick, Anytime, anywhere, any city, anyone

Customer relationship

•Rating on companies and workers.

•Rewards on jobs

•Automated 

Channels

•Integrated platform JOBS, CRM and Banking. ALL IN ONE

•Prepaid banking cards

•Affiliates

•Websites, 

Customer segments

•Blue collar workers

•Those looking for extra income

•People who need tasks done i.e. painters, decorators, moving things.

•Small business who cant afford full time staff

•Retail industry, Agricultural industry, construction  and building, clerical, health and fitness,

• self employed workers

•Mobile device owners

Current rev streams

•Stream 1 MVP  : Transaction fees at 10%

•Stream 2  MVP : Subscription fees for employers managing three or more employees

•Stream 3: Subscription for users who want to look in other locations other than their locale

Future

•Stream 4 Opening up rewards and gamifying employment through auctioning jobs. Bango points

•-Rewards for earning a job, rewards for walking to work, rewards for cycling. Auctioning for jobs

•Stream 5: Education to unlock jobs ties in with rewards but you can also complete jobs to unlock more jobs with skill matching.

•Stream 6 Search Advertising

•Stream 7 Business banking and Epos. Transfering money from one user to another

•Stage 8 Credit lending 

ran out of words full business model can be made 

Above we are both  B2C and a B2b platform. 

UK income 

Y 1 net income 2021

         1,040,484.50 

Y2 2022

   12,349,821.51 

Y3 2023

   39,167,947.53 

Full accounts with market analysis and strategic options can be made available. 

San Francisco  combinator $125,000

Grant fund  UK £175,000

Debt fund £2,6m available based on a personal guarantee but not at this stage. We will look to raise this after January at seed level because the repayment is at 3%

UK grant fund pending august 28th

£175,000 Grant 

San Francisco based combinator $125,000 pending September 23rd pending

UK based debt Fund £2.6m based on a personal guarantee.( full accounts can be provided) Not taken yet as we want to raise grants then follow a debt equity model. 

MVP stage looking to raise $202,000 to get to our second product release. 

In January we will attend a San Francisco combinator ( if we get in) where we will raise another $125,000 and have access to seed round funding. 

£175,000 pending from Innovate UK

Jobango at seed will look to raise ( 2,934,489.26$ investment) £2,276,439.03 in order to enable Jobango to place 2,440,922 workers into 117,164,250 jobs provided by our platform, generating £40m (Gross Revenue). This forecast is representative of our estimated 21% market capture of the total part-time work available in the UK after three years. However, as there is a downward trend in some industries with regard to job listings available due to COVID, we have adjusted the market by a conservative 40%. We are, therefore, utilising 21% of a 60% market. A market increase in some industries has not been accounted for, nor has the amount of workers switching between industries or going from full time work or unemployment to part time work.

Incubation phase ( current) 2020 

COGS Expenses -           833.00

 Operational Expenses -     222,183.33 

Transaction Fees                    -  

 Loan Interest                    -   

Capital Expense   -  1,229,676.00 

2021 UK financial year

Booking Fees income               2,098,901.18

 Subscription Fees                   212,550.37

 Transaction Fees                      35,512.81 

Interest on Loans                   414,164.87 

Total Revenue                 2,761,129.22 

 Product COGS 1,360,877.40 y1 ( Y2 164,468) (Y3  174,000)

Support COGS 215,912.30 y1 ( Year 2  1,073m ) (y3  3,2m)

Total COGS   1,576,789.70 y1 ( y2 1,2m ) ( y3 ( 1,6m)   

Gross margin   1,184,339.53 y1 ( y2  12,564,,868) (y3  35,530,957)

 Total Operating Exp.   699,649.33 y1 ( y2  1,2m) (Y3 1,3m)       

operating profit 484,690.20 y1  ( y2 11,357,699) (y3, 34,225,492.98)

I feel that Jobango can really enable a change in the landscape in the next coming years. The next 10 years will be incredibly difficult and we have the knowledge to know whats coming and the skills to  build and adapt to those change whilst making a positive impact. 

Access to funding and mentor-ship will help us achieve align our corporate goals and create a company with a good opportunity to scale. 

Allen and Overy in the UK are our lawyers. Moving from the US to the UK will be done by a San Francisco combinator.  We are all ignorant to the unknown so I will take any help we can get.  

Providing job listings 

Simplot family farms

Manufacturing companies 

Mcdonalds

Walmart

VF corporation

Trader joes or starbucks - In South Africa we have a system called airtime which works very well. Instead of traditional banking withdrawls we can partner with a large conglomerate like Starbucks or Trader Joes and people can withdraw their money at each kiosk. The technology and business model of doing this is really simple and its tested.  It means we dont need the on site banking infrastructure per se. 

Stripe - global payments solution 

Duolingo - Education