Brianstorming The Money Cycle

Today we met up for a group meeting to prepare for Monday's presentation. In order to understand exactly how, and in what direction, the money would be passed from person to person, I began to try and sketch up some diagrams.

I began by noting who is actually involved. In the core of it all, there is us (the business team), the investor, the bank, and the user. I also later added in the developers who are a crucial part of the process.

As shown in the diagram above, the Bank is at the heart of most transactions. I have numbered each transaction in order, almost as journey map for the money.

1 - Our investor invests money
2 - We pay the App Developers to develop and code the app
3 - Once it's created, the bank pays us to loan the app (have an API embedded)
4 - Users begin playing the game, depositing money into their savings along the way.
5 - The bank loans this money out for personal loans
6 - They receive interest from these loans (rates between 15% and 20%)
7 - We pay back investor's initial investment and their share of the return

Our next step is to begin working out the exact figures on how many users we estimate there will be, how much money we need from the investor, and how much money the bank will actually make from this app.

- Blake