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Crypto Startup Seeking Loan in Tangerang, Indonesia

Seeking Business Loan: Holding company offering smart solutions for parking and cryptocurrency industries.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees 5 - 10
Legal Entity Limited Liability Company (LLC)
Reported Sales Nil
Run Rate Sales USD 17 thousand
EBITDA Margin 35 %
Industries Crypto
Locations  Tangerang
Local Time 4:12 AM Asia / Pontianak
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 35 thousand for 15.0% annual interest, 1 year (Native Currency: IDR 500,000,000)
Reason: The business loan is required: - To extensively market our cryptocurrency token. - To hire profess... View More
Collateral Available: USD 140 thousand
Includes physical assets worth USD 350 thousand
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Business Name
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Business Overview

- Our holding company has a subsidiary in the cryptocurrency and automated parking industry.

- Currently, our automated parking machines are installed at 8 different locations in Indonesia. We generate revenue through collecting 100 percent of the parking ticket fee. 10 percent of the proceeds are paid to the owner of the parking space as a rent. We hold no explicit contract with any of our lessors.

- The cashflows from our automatic parking subsidiary will be used to retire the principal and interest amount of our prospective investor.

- We have started another subsidiary in the cryptocurrency industry for which we require this investment. Using blockchain technology, we have created and launched our own crypto currency token.

- We have begun the sale of our tokens with varying prices for different groups of investors. Each token is being sold for USD 0.005 with a hard-cap of USD 300,000 in private sale and for USD 0.01 with a hard-cap of USD 1,400,000 in public sale. The investment will primarily be used for extensive marketing of our tokens to generate revenue.

- Our business is also launching a crypto-currency trading platform within our crypto subsidiary. The application will be a single destination for crypto trading, wallet and exchange. The application is currently under development and is set to launch in the first quarter of 2022.

- At present, 100 percent of our revenues of the holding company are from the automated parking subsidiary, however, we are expecting to generate significant cash flows from our crypto subsidiaries post marketing and purchase of our tokens along with the launch of our crypto trading application.

Products & Services Overview

- Automated parking machinery.

- Proprietary crypto currency token.

- Crypto trading platform.

- Virtual crypto bank.

- Crypto debit & credit card access.

- Crypto wallet.

- Decentralised exchange of cryptocurrency.

Assets Overview

Physical assets the company owns:

- 8 operational cars.

- Personal and owned office space.

- 25 computers.

- Parking machinery.

Facilities Overview

The business owns the head office located in Tangerang which is spread across 600 sq. ft.

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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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