Project Details

MyRemit: A Remittance Business

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  • Per Share ₱200,000,000.00
  • ROI 200%
  • Duration 60 Months
  • Max 1 Investor
  • Remaining 1 Investor

💳MyxxMarket MyRemit National Coverage

Nationwide Cash + Bundled Gift Delivery Service for OFWs

1️⃣ Executive Summary

MyxxMarket MyRemit is a nationwide cash delivery and bundled gift service targeting OFWs and their families in the Philippines.

  • Delivers cash (up to ₱10,000 per transaction) and products (cakes, fastfood, gadgets, appliances) in one transaction, one delivery.

  • Operates lean city branches with 2 riders + WFH coordinator.

  • Uses GCash Business Account to securely fund branches and minimize idle cash.

  • Nationwide rollout of 100 branches completed in 18 months.

  • Unique proposition: low fees, door-to-door service, and convenience for recipients.


2️⃣ Market Opportunity

  • Millions of OFWs send cash monthly to loved ones.

  • Current remittance services charge 5–7% fees and often require recipients to travel.

  • Bundled gifting is fragmented across multiple platforms.

  • MyRemit addresses speed, convenience, and cost-effectiveness.

Target Market: OFWs in US, Middle East, Europe, Asia-Pacific sending cash + gifts to the Philippines.

3️⃣ Problem

  • High remittance fees reduce money reaching families.

  • Recipients face travel and queuing hassles.

  • Multiple apps required for gifts + cash.

  • Limited last-mile cash delivery with security and reliability.

4️⃣ Our Solution

  • Cash + gifts delivered directly to recipients.

  • Online checkout: myremit.myxxmarket.com

  • Secure branch funding via GCash Business Account.

  • Cash limit: ₱10,000 per transaction; delivery radius 10–15 km per city.

  • Lean operations: 2 riders + WFH coordinator per branch.

5️⃣ Business Model

  • Revenue streams:

    1. Delivery fees (₱295–₱450 per transaction)

    2. Product bundle margins (30–50%)

    3. Corporate/bulk cash + gift services (~₱50,000/month per client by Year 3)

  • Cost-efficient operations:

    • No storefronts, WFH branch coordinators, minimal overhead.

    • Cash floats via GCash Business Account minimize idle funds.

6️⃣ Operational Model

  • 100 branches eventually

  • Staff per branch: 2 riders + 1 WFH coordinator = 3 staff

  • Total staff: 100 × 3 = 300 staff

Salary Assumptions
2 × 15,000 + 20,000 = 50,000
100 branches × 50,000 = ₱5,000,000

    • Rider monthly salary: ₱15,000

    • WFH coordinator monthly salary: ₱20,000

    • Average salary per branch per month:

    • Total staff cost per month (all branches operational):

  • Daily reconciliation, secure cash handling, GPS tracking.

  • Central hub oversees fund transfer, tech, and compliance.

7️⃣ Branch Rollout Plan (18 Months)

Phase

       Months

      No. of Branches

 Monthly Staff Cost

               Total Cost for Phase

Phase 1

1–4

30

30 × 50,000 = 1,500,000

1,500,000 × 4 = 6M

Phase 2

5–9

50

50 × 50,000 = 2,500,000

2,500,000 × 5 = 12.5M

Phase 3

10–14

80

80 × 50,000 = 4,000,000

4,000,000 × 5 = 20M

Phase 4

15–18

100

100 × 50,000 = 5,000,000

5,000,000 × 4 = 20M


  • Total 18-month salary fund: ₱6M + 12.5M + 20M + 20M = ₱58.5M

8️⃣ Technology Platform

  • Web-based checkout at myremit.myxxmarket.com

  • Branch dashboard & rider dispatch system

  • GCash Business Account integration for secure cash transfer

  • Real-time tracking & reporting

  • Future mobile app for customers and branches

9️⃣ Competitive Advantage

  • Door-to-door cash delivery — unique in PH.

  • Bundled product delivery + cash → single transaction convenience.

  • Low overhead via WFH branch coordinators.

  • Secure cash disbursement with GCash Business Account.

  • Complements existing apps (GCash/Maya) for last-mile delivery.

🔟 Financial Projections (High-Margin Scenario)
YearAvg BranchesDeliveries/branch/moNet per DeliveryDelivery RevenueCorporate / Upsell RevenueTotal RevenueNet Profit (30%)
1401,0004001922421665
2751,20040036060420126
31001,500400720120840252
41001,8004008641501,014304
51002,0004009601801,140342


11️⃣ Funding Ask
AllocationAmount (₱M)Notes
Branch setup (cash float + minimal infra)105Includes initial cash float, small office supplies, tech for riders
Staff salaries 18 months58.5Calculated above
Platform & tech50Website, dashboard, rider dispatch, GCash integration
Compliance, insurance, legal25Licenses, permits, insurance for cash delivery
Marketing & launch30OFW-targeted campaigns, promotions, influencer marketing
National liquidity buffer11.5For operational contingencies and scaling


    • 1. Total Funding Needed:

      • Full-scale plan: ₱280M to establish 100 branches nationwide over 18 months.

      2. Proposed Phased Investment:

      • Phase 1: ₱120M–₱150M to establish first 50 branches.

        • Covers branch setup, staff salaries, cash float, platform, marketing, and initial liquidity.

        • Demonstrates proof-of-concept, operations, and cash flow.

      • Phase 2: Additional funds to expand to 100 branches after Phase 1 success.

      3. Equity Offered:

      • 25% in profit share or equity stake, structured per phase.

      4. Investor Rationale:

      • Reduces upfront risk

      • Allows real-world validation before full rollout

      • Potential for 3–5× equity upside once nationwide coverage is achieved

12️⃣ Investor ROI (High-Margin Scenario)

  • 25% equity in net profits

  • Projected 5-year cash profit for investor: ₱272.25M

  • ROI: ~97% cash return plus potential equity upside

  • With strategic acquisition or valuation growth, total ROI could exceed 200% over 5 years

13️⃣ Risk Management

  • Daily cash float monitoring

  • Rider insurance & GPS tracking

  • Secure storage per branch

  • GCash Business Account audit trail

  • Compliance with local regulations

14️⃣ Marketing Strategy

  • Target OFWs through social media campaigns & communities

  • Launch promotions: free first delivery, discounted bundles

  • Corporate partnerships for bulk gifting & cash delivery

  • Build trust via “We Deliver Your Love” branding

15️⃣ Growth Strategy

  • Phase 1–2: Test demand & optimize delivery

  • Phase 3–4: Nationwide expansion

  • Long-term: mobile app, subscription services, corporate clients

  • Potential for franchising micro-branches post-proof-of-concept

16️⃣ Team & Structure

  • Founder: CEO

  • Central hub: operations, tech, compliance, cash management

  • Branch: 2 riders + WFH branch coordinator

  • National support: tech, marketing, finance

  • Advisory: legal, banking/GCash, insurance

17️⃣ Conclusion

  • Lean, delivery-focused model with high-margin revenue

  • GCash integration ensures secure cash flow

  • Nationwide rollout completed in 18 months

  • Unique proposition: cash + gifts delivered safely & conveniently

  • Investors gain profit share + high potential equity upside

18️⃣ Q&A

  1. How do you prevent fraud or theft?

    • Cash floats pre-approved via GCash, GPS tracking, insurance, daily reconciliation.

  2. How are branch floats managed safely?

    • ₱1–1.5M per branch, secure storage, digital reconciliation by WFH coordinator.

  3. Why cap deliveries at ₱10,000?

    • Minimize cash exposure, reduce risk, match typical OFW transaction size.

  4. Licenses needed?

    • DTI/SEC registration, local permits, insurance; BSP only if holding funds long-term.

  5. How do 2 riders per branch cover a city?

    • Small delivery radius (10–15 km), WFH dispatch system, short route optimization.

  6. Break-even per branch?

    • ~850 deliveries/month, achieved within 12–18 months of operation.

  7. Scalability of GCash business model?

    • One master account funds all branches, supports ATM withdrawals, full audit trail.

  8. Handling complaints or failed deliveries?

    • Real-time tracking, WFH coordinator resolves issues, insurance covers accidental loss.

  9. Underperforming branch?

    • Merge with nearby branch, reassign riders, pause operations temporarily.

  10. Investor ROI?

  • 25% profit share, projected cash ROI ~97% in 5 years. With valuation growth, total ROI 200%+ feasible.


Join Our Community!

Be an Investor: 

 Invest.MyxxMarket.com

Franchise Our Business Model: 

 MyxxMarket.com

Our Online Mall in Cebu:

CebuMyxxMarket.com

Email Us: 

Admin@myxxmarket.com

FB Page: 

MyxxMarket Online Mall Network

YouTube Channel: 

@MyxxMarket









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