The Future of Money

International Mobile Payments with blockchain technology

With BitGate you can send and receive money across the world in an instant, using only your mobile phone.
Payments can be sent to any phone number in any supported country, as well as directly on the blockchain.
BitGate lets you send, receive, store, buy and sell your digital assets in a familiar environment.

Using BitGate in 3 simple steps:

1. Login with BankID
2. Buy Bitcoin with your VISA-Card
3. Send Bitcoin to your friend’s phone number

Highlights
Instant and free phone payments
Instant onboarding of identified users
Instant Buy and Sell of digital assets
Secure custody of digital assets

Digital Identity and Compliance

PUBLIC E- ID SOLUTIONS
BitGate uses local identity solutions such as
the Norwegian and Swedish BankID solutions.
Digital identification is the industry standard for
online banking in the Nordics and many other
European countries.

• Instant, KYC-compliant authentication

• Immediate access to 100 million Europeans
• Industry standard 2-Factor security
• AML-compliant asset management
• Sign binding agreements digitally

KYC
regulatory know your customer
S O U R C E : S I G N I C AT . C O M
concepts AML
anti-money laundering

C O P Y R I G H T B I T G AT E A S NOVEMBER 11TH 2018 B I T G AT E @ B I T S PA C E . N O

Competitive Landscape

Instant ID Onboarding

Send to Phone Number

Instant Global Transfers

Digital Asset Custody

Blockchain Payments

Buy / Sell Digital Assets

Key Partners and Service Providers

BitSpace is an award-winning Norwegian blockchain company with commercial
operations throughout Europe specializing in application development, enterprise
consulting and community growth.

Safello is a European exchange partner giving BitGate users access to one of Sweden's
leading financial service providers.

Signicat is a leading provider of verified digital identity, Electronic ID and electronic

signature solutions to regulated businesses.

DLA Piper is a multinational law firm located in more than 40 countries throughout
the Americas, Asia Pacific, Europe, Africa, and the Middle East.

C OPY RI GHT BI TGATE A S NOV EMBER 11TH 2018 BI TGATE@BI TSPA C E.NO
Business Model and Revenues
The BitGate business model is based on being a safe and easy to use gateway that allows users
to access a wide range of financial services. BitGate users get direct access to all the services that
comprise the new Digital Economy while our partners gain access to fully identified BitGate users.

Case 1: Buy and Sell Digital Assets

BitGate integrates a partner exchange that the user can directly interact with. BitGate
earns revenue from each transaction.

Case 2: Premium Custodial Service

Users can activate a Premium service enabling higher insured custodial amounts to be
stored on the platform. BitGate charges users of this service with a basis point fee per
month on stored assets.

Financial Projections
The cost/income graph was made based on Case
1 and 2 above, and the following estimates:

USD Revenue and Cost in USD

R e v en u e 140000

Exchange REV ENUE

120000
$250 per user per month at 2%
C OST
($5 per user per month) 100000

Custody
80000
$1500 per user at 0.2% per month
($3 per user per month) 60000

40000
Costs
Baseline costs are $22k per month. 20000
We estimate a cost increase of up
to 100% the first year, and costs are 0
0 2 4 6 8 10 12
mainly a function of time.
Months

.
G r o w t h i n number of use rs b y t i m e
We estimate that the growth rate in the user base per month increases by 200 every month, from
100 users at launch, to 15700 users after 12 months.

C OPY RI GHT BI TGATE A S NOV EMBER 11TH 2018 BI TGATE@BI TSPA C E.NO
Future Revenue Streams
BitGate uses a microservice-oriented design to integrate with the growing ecosystem of fintech and
smart banking services. BitGate is a light-weight and agile alternative to the banks in the era of Open
Banking, taking full advantage of the emerging API-based ecosystem and PSD2 regulations.

Case 1: Fiat Loan backed by Digital Assets

Users gets loans in NOK, EUR or USD using their
deposited Bitcoin or other Digital Asset as collateral.
This provides the users with Fiat liquidity without
having to realize their digital asset holdings.

Case 2: Interest on Deposits

Users vest their funds to receive interest on their
deposits. Users select between various pre-vetted
services to earn passive income on their holdings.

Case 3: Payments and Banking with PSD2

Users pay their bills directly in the application or at a
point-of-sale. PSD2 regulations enable BitGate to act as
a Payment Initiation and Account Information Service
Provider (PISP/AISP).

High Market Growth

Investments in blockchain/crypto is at an DEAL COUNT I N V E S T E D C A P I TA L

all-time high. Digital currencies are also 4Bn 400

increasingly popular as a portfolio hedge, 350

with a recent Yale Study1 concluding that
3Bn
every portfolio should include at least 1% 300

and up to 6% Bitcoin.
250
2Bn
BitGate targets the millenials 2 (24-38) 200
who are either holding or using Digital
150
Currencies. 1Bn

100
BitGate AS plans to list at a Swedish
0
marketplace in connection to 50
2013 2014 2015 2016 2017 2018
CryptoFinance Stockholm in Spring
next year. Source: Coindesk 3

1 https: //bitcoinist.com/new-yale-study-every-portfolio-must-include-at-least-6-bitcoin/
2 https: //www.newsbtc.com/2018/ 10/31/survey-a-quarter-of-millennials-hold-crypto-wary-of-current-financial-system
3 https: //www.coindesk.com/vc-investment-in-blockchain-startups-is-up-280-so-far-this-year/

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Management Team
v

CEO CSO
Manuel Lains Christian Lains
M.Sc Electronics M.Phil Philosophy
Co-Founder BitSpace Co-Founder BitSpace

COO CMO
Ivar Duserud Matthew Bryce
Studied economics at Connecticut State Uni. 12 years experience in B2B/B2C Sales
5 years experience as Investor and Trader 8 years experience as Financial Analyst

CTO CFO
James D. Tandy Jan Olav Solli
Senior Full-Stack and Blockchain Developer M.Phil. Economics
18 years exp. in the Norwegian IT Industry 8 years experience as Financial Analyst
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Advisors
Raymond Øverlie Lars Hektoen Camilla Wollan
CEO & Founder Founder Associate Partner
BullToken Cultura Bank DLA Piper

Share Distribution
74,5% bitspace as
BitGate AS is owned ~75% by
BitSpace AS. ~13% of the shares are 12,6% founding team
owned by founding members of the 6.1% 1st issuance
BitGate team. The remainder of the 4.1% 2nd issuance
shares have been issued to investors
in two previous rounds of funding. 2,6% other

Investment Opportunity
Pre-money valuation 61.3 MNOK ($7.5 million)
Price per share 550 NOK (~$65)
Total number of shares 111 464
Minimum subscription amount 100 000 NOK (~$12k)
Subscription period 2018.11.08 - 2018.12.08

C O P Y R I G H T B I T G AT E A S NOVEMBER 11TH 2018 B I T G AT E @ B I T S PA C E . N O