FinTech Company for Sale in Salt Lake City, United States

Company offering single and multi-currency Visa® and Mastercard® prepaid cards with global issuing platforms.
This transaction has concluded.
This Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 2.4 million
EBITDA Margin
20 %
Industries
Local Time
6:22 AM United States
Listed By
Business Owner / Director
Status
Active
Overall Rating
Full Sale
Asking Price: USD 10 million (Native Currency: USD 10,000,000)
Reason: One of the partners is retiring so we would like to sell the business along with the technology.
Includes physical assets worth USD 7 million
Documents
Business Overview

- Company specializing in offering single and multi-currency Visa® and Mastercard® prepaid cards with global issuing platforms and white label prepaid card programs.

- This is a unique opportunity to own a global prepaid card issuing business that has limitless potential.

- This opportunity comes with 20 country platforms with country-specific issuing capabilities and the ever-elusive multi-currency program for both Visa and MasterCard.

- Users make the transaction through a mobile app, physical card, virtual card across multi-currencies.

- We have all the required permissions, licenses, partnerships in place and we are already active in many counties across the globe.

- The buyer will not only gain access to an industry that continues to grow 15% year over year, but the buyer will be able to start making revenue from day one.

- Buyer would get the business with the technology, website, mobile apps, furniture, computers, laptops. Physical asset value mentioned in the profile is mostly for the technology owned by the business.

Products & Services Overview

- We offer single and multi-currency Visa® and Mastercard® prepaid cards that can be used via the app or physical card at millions of locations and at ATMs worldwide. The cards include features like peer-to-peer transfers, a rewards program, microloans, credit monitoring, generated statements, around-the-clock service, fraud protection and SMS / email alerts.

- We also offer white label prepaid card programs to other businesses by working with clients on the fee structure, fund distribution channel, card features. We administer and manage the program on their behalf. The cards are used by clients to pay commissions and distribute compensation to affiliates, customers and agents. We offer an alternative to traditional corporate payroll programs and investment advisory services.

Facilities Overview
Recent Activity
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This transaction has concluded. 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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