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Crypto Company Investment Opportunity in Singapore

Licensed crypto payments startup with $11.2 million GMV seeking investment to expand.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 1.5 million
Run Rate Sales USD 2 million
EBITDA Margin 40 %
Industries Crypto
Locations Singapore
Local Time 10:34 PM Asia / Singapore
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 900 thousand for 15.0% stake (Native Currency: SGD 1,200,000)
Reason: - Looking to expand across APAC and acquire more customers. - Seek a virtual asset MVP license from... View More
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Business Overview

- Looking to work with a strategic investor in the real estate and retail sectors to increase exposure and use cases in the market.

- Currently operating across Singapore, Australia (Melbourne), and New Zealand (Auckland).

- Licensed in Australia, New Zealand, ongoing licenses in Singapore and Dubai, and partnership license in Philippines and Thailand.

- The headquarters is in Singapore and the promoter is based in New Zealand. We also have a subsidiary in New Zealand. We are looking for investors from these regions.

Current highlights:

- Partnerships with Singapore exchange-listed property firms to facilitate real estate transactions with cryptocurrencies.

- 150 merchants across multiple industries.

- Growing at a good rate with $11.2 million GMV transacted to date in just less than 12 months.

- This is an in-house developed technology.

- Revenue is generated via transaction fees (GMV) from the merchants.

- Since we are a technology-based company, we are able to handle the operations with fewer employees.

Products & Services Overview

Existing: omnichannel QR code crypto payment facilitator, virtual POS, and payment dashboard.

Partnerships: crypto staking (yield earned on payments received)

Cross border payment network: Crypto usage to allow for simplified and more efficient payments cross-border payments across multiple industries.

Assets Overview

Mainly software IP, branding identity and entities across 3 countries.

Facilities Overview

Currently operating across Singapore, Australia (Melbourne), and New Zealand (Auckland). Operating from co-working spaces.

Capitalization Overview

- Small ESOP of 8% was issued for founding team members, vested at the start of this year.

- We've raised SGD 450k pre-seed and self-funded SGD 250k.

- There are no debts or liabilities in our balance sheet currently.

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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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