{
  "docId": "019dd923-5fec-763b-95cf-0686ad40d957",
  "docSlug": "vOXqeiQSrRA8Cx8wcyPV",
  "documentTitle": "Check out the pitch deck platform bank Griffin just used to raise $8.6 million",
  "authorId": "Pitchdecks",
  "authorName": "Griffin",
  "documentKindSlug": "pitchdeck",
  "documentKindLabel": "Pitch deck",
  "sourceTypeSlug": "strategy_consulting",
  "sourceTypeLabel": "Strategy consulting",
  "presentationDate": null,
  "orientation": "landscape",
  "aspectRatio": 1.778,
  "pageNumber": 15,
  "pageCount": 20,
  "prevPage": 14,
  "nextPage": 16,
  "slideType": "solution",
  "function": "present_solution",
  "density": "dense",
  "nDataPoints": 2,
  "notes": "The diagram illustrates a simple interest rate spread model (2% cost of funds vs 12% yield).",
  "elementsJson": [
    "bullet_list",
    "icon_grid",
    "process_diagram"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-5fec-763b-95cf-0686ad40d957/15",
  "deckHref": "/decks/019dd923-5fec-763b-95cf-0686ad40d957",
  "deckJsonHref": "/decks/019dd923-5fec-763b-95cf-0686ad40d957.json",
  "deckAnchorHref": "/decks/019dd923-5fec-763b-95cf-0686ad40d957#slide-15",
  "components": [
    {
      "bbox": {
        "h": 0.5,
        "w": 0.15,
        "x": 0.7,
        "y": 0.25
      },
      "kind": "image",
      "text": "Bank icon with arrows showing flow from Term deposits @ 2% to Secured loans @ 12%",
      "attrs": null,
      "subkind": "illustration",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "491f986e-7bce-4f3b-aeeb-9c62026204d9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.45,
        "x": 0.05,
        "y": 0.4
      },
      "kind": "list",
      "text": "Our market research shows a lot of these companies are thinly capitalized on equity and have funding duration gaps. Most banks see them as too high-risk and so they raise debt from debt funds at ~15%",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "664d4ba6-25dd-4a67-8f6b-67889d22ee61",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.45,
        "x": 0.05,
        "y": 0.65
      },
      "kind": "list",
      "text": "We should be able to offer a superior cost of capital by funding through deposits and by leveraging the data we’ll have from their platform banking activities in the underwriting process.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "d0f419cf-f220-45f4-b4e3-8a36f575f029",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.2,
        "w": 0.45,
        "x": 0.05,
        "y": 0.15
      },
      "kind": "list",
      "text": "We will lend on a secured basis to other fintechs (i.e. against invoices, assets, receivables, etc.). This means focusing on existing/potential customers or adjacent firms.",
      "attrs": null,
      "subkind": "bullet",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "dde18547-2c7c-4cb9-9445-223084e4a245",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": null,
      "kind": "metric",
      "text": "interest rate spread: 10%",
      "attrs": null,
      "subkind": "primary",
      "toolName": "Quantification",
      "toolSlug": "quantification",
      "confidence": null,
      "componentId": "019dd952-d526-758a-9c95-f13a3c503fda",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.05,
        "w": 0.2,
        "x": 0.05,
        "y": 0.05
      },
      "kind": "title",
      "text": "LENDING PRODUCTS",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "a923469f-90f6-4de4-8dd2-6e2c662eedcb",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [],
  "frameworks": [],
  "arcBeats": [],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}