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Crypto Company Investment Opportunity in Singapore

Online trading cryptocurrency platform is looking to expand the company globally.
This transaction has concluded.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Crypto
Locations  Coimbatore + 1 more
Local Time 2:11 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 60 thousand for 15.0% stake (Native Currency: INR 5,000,000)
Reason: To launch the product globally in crypto-friendly countries with a complete new UI / UX in order to ... View More
Includes physical assets worth USD 12 thousand
Interested to connect with advisors
Documents
Pitch
Prospectus
Logo
Business Overview

- We are a company registered in Singapore with a head office in Singapore and a branch office in India. We have directors working in both these offices.

- Initially we were acting as direct brokers between cryptocurrency buyers and cryptocurrency sellers. We had over 1,000 direct clients who would give us orders to buy certain cryptocurrencies and we would buy them on various markets for a commission.

- As cryptocurrency brokers we were generating around INR 10 lakh monthly.

- Recently we created a platform that is still in the pre-revenue phase which will act as a cryptocurrency exchange.

- Platform can be used through a mobile app. We have already released an app on Google Play and are in the process of launching one on iOS.

- The first 6 months would be gestation period to develop and market the product in different countries.

- We expect to generate minor profits from the 7th month and after a year we expect to generate a steady revenue.

- Company would generate revenue by charging a commission of 0.5% to the buyer and seller on P2P transactions and 0.2% to the buyer and seller on instant trading transactions.

- Currently we support 6 cryptocurrencies but we are looking to implement the top 20 cryptocurrencies in the future.

- We have a strong online presence with social media accounts and a website.

- Our employees are mostly freelancers who work regularly with us in order to keep the company lean.

- Company's physical assets include laptops, furniture and office equipment.

Products & Services Overview

Online cryptocurrency exchange with the facility to trade, hold, lend, make fixed deposit, mine, P2P, credit card buy, crypto pay and fiat digital pay all in one place.

Facilities Overview

Rented head office in Singapore and rented branch office in India.

Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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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