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FinTech Business for Sale in Nashik, India

For Sale: India's first platform for loan seeking borrowers and loan agents / bank DSAs.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees < 2
Legal Entity Other
Reported Sales USD 5 thousand
Run Rate Sales USD 4 thousand
EBITDA Margin 40 %
Industries FinTech
Locations  Nashik
Local Time 11:29 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 24 thousand (Native Currency: INR 1,800,000)
Reason: To focus on another venture.
Interested to connect with advisors
Name, Phone, Email
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Business Name
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Business Overview

- We are a company that has developed India's first platform to help loan-seeking borrowers like self-employed and salaried young professionals to consult their nearby bank-certified loan agents who can process their loans that range from INR 1 Lakh to INR 100 Crore.

- We have two separate Android applications for the borrowers and loan agents and have reached 1 lakh downloads and 4,000 downloads respectively.

- We also have verified tie-ups with 500 loan agents pan India.

- The borrowers can use our services free of cost and can also avail of a paid option to get in touch with a loan agent on an immediate basis for a sum of INR 50.

- Borrowers are supposed to do their own KYC on the mobile application.

- We regulate the interaction between the borrowers and loan agents according to their location and serve as a lead generation platform for loan agents. We do not partake in any lending activities.

- The type of loan, be it secured or unsecured, depends on the loan agent and borrower.

- Every loan agent has to pay INR 500 to sign up. Agents get access to leads in a CRM where they can easily organise all their leads. We provide them more leads at INR 20 to INR 30 per lead.

- There has been a decrease in sales as the parent company does not wish to promote the platform.

The parent company wants to concentrate on other developments and does not wish to dedicate more resources to this platform.

- No dedicated team works on this platform. Hence, there are no employees. Employees of the parent company developed the platform and occasionally maintain it also.

- We operate under the aegis of our parent company.

Products & Services Overview

Personal loan, business loan, home loan, mortgage loan, vehicle loan, education loan, loan transfer, gold loan.

Android applications for both borrowers and loan agents.

Assets Overview

Domain, complete project source code, database in the requested format, social accounts, third party accounts. There is no sale of legal entity. Buyer would have to register the company on their own.

Facilities Overview

The company operates from the premises of its parent company.

Recent Activity
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1 Buyer contacted this Business this month.
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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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