ATM Investment Opportunity in Yaounde, Cameroon
ATM machine operator for mobile money deposit and withdrawal seeks investment to start operations.
Premium Plan
| Established | 1-5 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | ATMs |
| Locations | Yaounde |
| Local Time | 6:43 PM America / Chicago |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
188 thousand
for
10.0%
stake
(Native Currency: USD 187,500)
Reason: The reason for this Investment is mainly to purchase the ATM machines from the manufacturer. We are ...
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Includes physical assets worth
USD
250 thousand
Interested to connect with advisors
Name, Phone, Email
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Business Name
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Documents
Article Of Association
(1.6 MB)
Certificate of Incorporation
(393.9 KB)
Attestation of Taxpayer Registration
(265.3 KB)
Formation of Legal Entity
(474.4 KB)
Business Plan
(2.2 MB)
5 Year Financials
(147.6 KB)
ATM Video Link (Demo)
(12.1 KB)
Tax Declaration (Last Year)
(65.2 KB)
Localization Plan
(672.1 KB)
Third party Liability Insurance
(2.7 MB)
Video
(12.1 KB)
Business Overview
Registered company in Cameroon that has recently signed a contract with MTN Cameroon to Provide ATM machines for cash withdrawals and deposits in all 10 regions of Cameroon.
The client is MTN Cameroon (contract signed).
Potential client is Orange Money (pending contract).
We aim to generate USD 1.2 million in annual revenue from 1st year. Growth rate is expected at 13% on average.
We will purchase the ATM soon. Have given an order for 6 ATMs and it is being manufactured.
To start operations, we may take 12 weeks.
Revenue will be generated by the transaction fee revenue sharing model.
Promoter is in the US and will run the business from there. The business will be based entirely in Cameroon.
The client is MTN Cameroon (contract signed).
Potential client is Orange Money (pending contract).
We aim to generate USD 1.2 million in annual revenue from 1st year. Growth rate is expected at 13% on average.
We will purchase the ATM soon. Have given an order for 6 ATMs and it is being manufactured.
To start operations, we may take 12 weeks.
Revenue will be generated by the transaction fee revenue sharing model.
Promoter is in the US and will run the business from there. The business will be based entirely in Cameroon.
Products & Services Overview
We will provide ATM machines for deposits and withdrawals of money.
Assets Overview
We have in our possession the software developed to be able to plug and play any electronic money operator with the possibility of buying and selling crypto on ATM machines in the near future with minimal development. We own the software.Other assets include office set-up and advances.
Facilities Overview
Have rented offices in Douala, Yaoundé and also Bamenda. These are the three main areas where we have office locations with localization plans. We do not own any buildings as of yet.
Capitalization Overview
No bank loans as of yet and the funding for software development was paid for by the current investors.We are looking for equity or debt financing to purchase the assets needed to get the project going.
There are 5 main investors. The shareholding pattern varies from investor to investor.
Recent Activity
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Earlier than 15 daysDirector, Holding - Technology, Jakarta, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysDevOps Engineer, Software Development, Iqaluit, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysCEO, Ahmedabad, Financial Consultant connected with the Business
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