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A 360° CURRENCY DIGITIZATION PROJECT
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Status Quo
Although India is traditionally a cash-based economy, government initiatives increase consumer confidence in digital payments
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There are still roadblocks in Digital Transactions
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Dependency on
Internet|network connection
Growing cases
of transaction failures
Increased frequency of fraud and phishing attacks
Lack of optimum user experience
Card and OTP
data security
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Dravya offers a unified payment solution in the form of a touchscreen credit / debit card that can initiate and record transactions without a real-time network connection.
This technology is flexible enough to meet the requirements of current financial institutions.
What if there is a solution that enables users to make use of various financial services and that too without using any internet/network connection?
Introducing Dravya
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Idea Validation & Proof Of Concept
V1 : Roughly 13 credit/debit card thickness.
V3: FINAL CARD WILL BE INDISTINGUISHABLE FROM
USUAL CREDIT/DEBIT CARDS, BOTH IN SIZE AND THICKNESS.
Dravya card is specially designed with a bistable electrochromic display having ultra low power consumption.
Our current proof of concept/prototype roughly has a thickness of 13 credit cards stacked on top of each other.
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An Overview
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Payment Processing:
Quick, safe & accommodating all banking needs, accepting local payment methods & currencies.
Fraud Prevention:
Get better rule control to detect, prevent, & eliminate card frauds in real-time, even at the point of spend.
Omnichannel:
Make payments with a tap, use as unified National ID, or a HSM for offline OTP generation for high value transactions.
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Generate instant OTP on built in HSM, for faultless online transactions
Seamless offline transactions
Acts as both an independent POS as well as credit/debit card
Store signed CBDC in offline wallet
Reduce transaction cost by half
Can be utilised as unified National ID
Store & use multiple credit / debit cards from a single card
Dravya Card
Offline Transaction Card
Seamless Nocode Core banking integration
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Data from each transactions will be hosted on secure ASIC servers at 3 different locations chosen randomly out of data centers spread over the country.
Taking over the network would require getting access to majority of the data centers, which is not possible for any cyber attacker.
Each card will be secured with a dedicated security chip using Elliptic curve cryptography and SHA256 encryption.
Cracking a single card with brute force method would require equivalent energy needed for boiling world’s oceans, An impossible feat.
Terminals as well as POS will be secured using same dedicated security chip using Elliptic curve cryptography and SHA256 encryption.
Which makes it impossible to make a duplicate card or terminal in order to do skimmer attacks.
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Security & Reliability
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Industry Overview
Indian Fintech Industry Market
India’s Digital Payments Market
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Business Model
Service - Contract Basis
Card Sales
Revenue
Generation
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Traction Forecast
CORE PasS
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The Ask
Total Capital Requirement
₹ 15.23 Cr
Valuation
Capital Usage
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DCF (Discounted Cash Flow) | | ₹ 250,75,85,465 |
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Roadmap
Q1 Q2 Q3 Q4
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Mohit Singh Parihar
CEO(Desig) - Dravya
Team
Since inception, we have built a unique team culture that blends high-quality technical expertise from people of diverse backgrounds and different disciplines, creating paradigm shift in fintech.
Manish Goel
Director of Engineering
Midhun Sivaraj
COO | Software Architect | Backend - Firmware
Shraddha Jaiswal
CDO | UI-UX
Shreyansh Jaiswal
MD | IOT | Miniaturization R&D
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