QuickFund Online — Detailed Monthly Financial Projections – Year 1

The following tables provide granular monthly projections for Year 1, demonstrating the revenue ramp-up from the beta launch in Month 6 through to full operations by Month 12. These projections reflect the phased launch strategy, with limited beta operations in Months 6–7…

Section 15 · Business Plan

Detailed Monthly Financial Projections – Year 1

15.1 Monthly Revenue Build-Up (Year 1)

Months 1 through 5 represent the pre-revenue establishment and development phase. Revenue generation commences in Month 6 with the pilot launch (500 beta customers) and scales through to Month 12.

Revenue Line (R’000)	M7	M8	M9	M10	M11	M12
Loans Disbursed (#)	420	680	1,050	1,400	1,750	2,100
Average Loan Size (R)	2,800	2,900	3,000	3,000	3,100	3,100
Interest Income	59	99	158	210	271	326
Initiation Fees	63	102	158	210	263	315
Service Fees	24	39	60	80	100	120
Insurance Commissions	6	10	16	21	26	32
Other Income	5	8	13	17	22	26
Total Monthly Revenue	157	258	405	538	682	819

15.2 Monthly Operating Expenditure (Year 1)

Expense Line (R’000)	M7	M8	M9	M10	M11	M12
Salaries & Benefits	332	332	345	345	358	358
Marketing & Advertising	180	200	220	180	160	150
Technology & Cloud	70	70	75	75	80	80
Office & Utilities	45	45	45	48	48	48
Professional Fees	30	25	25	25	30	35
Credit Losses Provision	33	55	88	117	147	176
Other Costs	25	25	28	28	30	30
Total Monthly Expenses	715	752	826	818	853	877
Monthly EBITDA	-558	-494	-421	-280	-171	-58

The monthly projections demonstrate a clear trajectory toward operational break-even. The progressive reduction in monthly losses from R558,000 in Month 7 to R58,000 in Month 12 reflects increasing revenue scale, improving operational efficiency, and the benefits of the AI credit scoring engine in managing default rates.

15.3 Monthly Cash Position (Year 1)

The cash position throughout Year 1 is supported by the R20 million capital injection, with the largest cash outflows occurring during the platform development phase (Months 1–6) and initial loan book capitalisation (Months 7–12). The Company maintains a minimum cash buffer of R1.5 million throughout Year 1 to ensure operational resilience.

Cash Position (R’000)	M7	M8	M9	M10	M11	M12
Opening Cash	5,200	3,800	2,900	2,200	1,800	2,100
Cash from Operations	-558	-494	-421	-280	-171	-58
Loan Book Cash Outflow	-1,176	-960	-1,110	-1,050	-1,085	-1,050
Loan Repayments Received	334	554	831	930	1,156	1,308
Financing Activities	0	0	0	0	400	500
Closing Cash	3,800	2,900	2,200	1,800	2,100	2,800

15.4 Loan Portfolio Analysis – Year 1

The following analysis provides a detailed view of the loan portfolio composition and quality metrics throughout Year 1, demonstrating the progressive build-up of the loan book and the effectiveness of the AI credit scoring engine in maintaining portfolio quality:

Portfolio Metric	Q1 (M1–3)	Q2 (M4–6)	Q3 (M7–9)	Q4 (M10–12)
New Loans Disbursed	0	500 (beta)	2,150	5,250
Cumulative Loans	0	500	2,650	7,900
Gross Loan Book (R’000)	0	1,400	6,500	12,800
Provision for Bad Debts (%)	N/A	12%	10%	9.5%
Net Loan Book (R’000)	0	1,232	5,850	11,584
Average QuickFund Score	N/A	520	540	560
Approval Rate	N/A	42%	48%	52%
30+ Day Default Rate	N/A	N/A	11%	9.8%

The improving portfolio quality metrics reflect the AI credit scoring engine’s ability to learn from actual repayment data and progressively refine its predictive accuracy. The average QuickFund Score of approved applicants increases from 520 in Q2 to 560 in Q4, indicating the model is becoming more selective and accurate in identifying creditworthy borrowers.

This document contains proprietary and confidential information. Distribution without written consent is prohibited.