Business Executive Summery

Over View:

BD Chat Mobile App is a cutting-edge communication platform designed to cater specifically to the needs of Bangladeshi expatriates worldwide. Our comprehensive suite of services includes chat, voice calls, video calls, and remittance services, all tailored to facilitate seamless communication and financial transactions for our users.

Aim & Mission:

Initially Bangla Chat will launch its venture targeting Bangladesh for its 7, 00, 00,000 customer. Gradually it will expand its service to Pakistan, India, and Sri Lanka etc. Asian Countries and later on Europe Countries. The country or the Bank where Bangla Chat will be operated, the Bank will enjoy a huge volume of service charge and the country will earn a big amount of foreign currency in currency conversion process over the whole Bangla Chat transaction. Bangla Chat targets to earn only 1% as service charge of $ 27.1 Billion USD from Bangladesh Remittance Market per year.

BD Chat Mobile App will provide - Services:

1. Chat Service: Connect with friends, family, and colleagues through instant messaging, stickers, and emoji’s in your native language, Bangla, fostering a sense of closeness and familiarity.

2. Voice Call Service: Make crystal-clear voice calls to any mobile or landline number in Bangladesh, ensuring uninterrupted communication with your loved ones.
3. Video Call Service: Experience face-to-face conversations no matter where you are in the world, with high-quality video calls that bring you closer to home.
4. Remittance Services: Send money to your family in BANGLADESH / HOME COUNTRIES quickly, securely, and affordably, with competitive exchange rates and convenient transfer options.

BD Chat Users can send directly remittance/Money to Bangladesh from following countries:

• Saudi Arabia
• UAE
• USA
• Singapore
• Malaysia
• Canada
• China
• Oman
• Qatar
• EU Countries

Any BD Chat User can send remittance/Money from any countries of the world to anywhere if he has:

• Credit Card
• Debit Card
• Visa card
• Master card
• Online Bank Account

Business Analysis & Target Market

Top Remittance Earning Countries in South Asia – BD Chat initial Market
Top remittance recipient countries			Top countries (Contributing to GDP)*
Country	Amount of remittances (Billion USD)	Percent of total Global remittance inflow	Country	Percentage Share of GDP
India	83.1	11.65	Nepal	23.5
Pakistan	26.1	3.66	Pakistan	9.9
Nepal	8.1	1.14	Bangladesh	6.6
Sri Lanka	7.1	1.00	Afghanistan	4.1
Afghanistan	0.8	0.11	Bhutan	3.3
Bhutan	0.1	0.01	India	3.1
			Maldives	0.1
*Top 10 Countries according to remittance inflows as percentage share of GDP (percent) in 2020. Source: Migration and Development Brief 34, May 2021

 

Initial Target Customer:

Ø  Bangla Chat targets 20 million Ex-patriot service holder Bangladeshis around the world to serve their remittance to their families on mobile & Bank account.
Ø  Bangla Chat integrates with local PSP Bkash who has existing 50000000 customers who will be by default Bangla Chat customer with API integration for remittance.
Ø  Bangla Chat integrates with local PSP Nagad who has existing 20000000 customers who will be by default Bangla Chat customer with API integration for remittance.
Ø  Bangla Chat integrates with local SSL backbone who has existing 27 bank API integration for money transaction will be by default add with Bangla Chat customer with API integration for remittance.
Ø  SMEs involved in international business would also be benefited from Bangla Chat's services. They often need to pay vendors or suppliers in different countries, and our platform would offer them a reliable and cost-effective way to do so.
Ø  By targeting these specific customer segments, Bangla Chat aims to build a diverse customer base that values our fast, transparent, and secure remittance services.

Business Planning Milestones:

Year	Milestone	Status
Year 1	Launch platform in the Bangladesh	Under testing & trouble shooting
Year 2	Achieve profitability	In progress
Year 3	Expand market reach to Europe	Planning stage
Year 4	Develop additional value-added services for customers	Planning stage
Year 5	Establish partnerships with major banks and financial institutions	In Progress

 

Organogram:

Position	Candidate Name	Experience
Chief Executive Officer (CEO)	MA Ferdous	10+ years of experience in fintech, including leading successful startups in the digital payments space.
Chief Operations Officer (COO)	Mr. Masud	Extensive background in operations and management, having previously served as COO at a large financial institution.
Chief Technology Officer (CTO)	Mr. Rakib	15+ years of experience in software engineering with a focus on building scalable systems in the financial services space.
Chief Compliance Officer (CCO)	Mrs. Sheuly	Expert in regulatory compliance with a deep understanding of anti-money laundering and know-your-customer requirements.
Chief Marketing Officer (CMO)	Mr. Mokbul	A marketing veteran with over 20 years of experience in branding and digital marketing, including leadership roles at major consumer-facing companies.

Each of these candidates brings a unique set of skills and experience to our management team, and we look forward to working with them to drive the growth of our business

Projected Funding Requirements:

Ø  $1.5 million for the development of our digital remittance platform and IT infrastructure.
Ø  $500,000 for staff salaries, training, and benefits.
Ø  $500,000 for marketing and advertising expenses, such as social media campaigns, content marketing, and targeted ads.
Ø  $500,000 for legal and regulatory compliance costs, including licensing fees, audit costs, and legal fees.

Proposed Business Projection:

Sales Forecast:

Product Categories	2025	2026	2027
Transaction Fees	$5,000,000	$6,000,000	$7,000,000
Foreign Exchange Spread	$3,000,000	$4,000,000	$5,000,000
Value-Added Services	$1,000,000	$1,500,000	$2,000,000
Total	$9,000,000	$11,500,000	$14,000,000

Projected Profit and Loss:

P&L Categories	2025	2026	2027
Revenue	$5,000,000	$12,000,000	$20,000,000
COGS	$2,500,000	$6,000,000	$10,000,000
Gross Margin	$2,500,000	$6,000,000	$10,000,000
Gross Margin Percentage	50%	50%	50%
Expenses List	$1,000,000	$3,000,000	$5,000,000
Profit	$1,500,000	$3,000,000	$5,000,000
Profit Percentage	30%	25%	25%

Projected Cash Flow:

Cash Flow Categories	2025	2026	2027
Inflow	$5,000,000	$10,000,000	$20,000,000
Outflow	$4,000,000	$7,500,000	$12,000,000
Net Cash Flow	$1,000,000	$2,500,000	$8,000,000
Cumulative Net Cash Flow	$1,000,000	$3,500,000	$11,500,000

 

Projected Balance Sheet:

Name	2025	2026	2027
Assets	$500,000	$1,000,000	$2,500,000
Liabilities	$250,000	$500,000	$1,000,000
Equity	$250,000	$500,000	$1,500,000

           

Regulatory Details:

Name of the Company:                                     BD Chat
Company Registration No In Bangladesh:     TRAD/DNCC/047537/2023
Company Registration Number in USA:         Under Process
Tax identification Number                                587067421682
Website:                                                             https://bdchat.app
Server :                                                              USA
Business Affiliate Partner & License used:   WISE
Countries under Operation:                            Bangladesh, USA, Canada, UAE, Saudi Arabia, Malaysia, Singapore, Oman, Qatar.

Registered Office:

Address:
Plot-9, Road-17, Block–J, Eastern Housing, Alubdi, Mirpur-12, Pallabi, Dhaka-1216, Bangladesh
Cell: +880 13 1212 1616
E-mail: ferdous@bdchat.app
G-mail: marferdous@gmail.com
Web: https://bdchat.app

Bank Details:

Mutual Trust Bank Ltd
Hemayetpur Branch
A/C Name: Bangla Chat
A/C No: 1301000309975
SWIFT CODE: MTBLBDDH

Contact Information:

Email  : ferdous@bdchat.app
Phone : +880 13 1212 1616
Facebook: https://www.facebook.com/profile.php?id=61558337745693

Founder & CEO

M A Ferdous, a visionary entrepreneur witha passion for leveraging technology to address the unique needs of the Bangladeshi diaspora, leads Bangla Chat Mobile App. With a background in technology and a deep understanding of the challenges faced by expatriates, Ferdous is committed to driving innovation and delivering exceptional value to users.

 

M A Ferdous 

CEO
Bangla Chat