FinTech Company Investment Opportunity in Bangalore, India
Automated AR collection, Payables management, and WC management tool for B2B with patented technology.
Premium Plan
| Established | 1-5 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 60 - 70 thousand |
| Run Rate Sales | USD 70 thousand |
| EBITDA Margin | Nil |
| Industries | FinTech |
| Locations | Bangalore |
| Local Time | 4:41 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
2.9 million
for
15.0%
stake
(Native Currency: INR 250,000,000)
Reason: We are seeking funds to,
- Execute MoU signed with an ERP to reach more than 500 corporates this ye...
View More
Includes physical assets worth
USD
35 thousand
Interested to connect with advisors
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Business Name
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User Verification
Documents
Product Brochure
(1.3 MB)
Company Brochure
(3.8 MB)
Company Logo
(28.6 KB)
Patent Examination Reply
(321.2 KB)
GST Certificate
(72.0 KB)
Certificate of Incorporation
(206.1 KB)
ROC-Verification.pdf
(66.4 KB)
Business Overview
We are offering an innovative, credible, scalable, and efficient solution that is redefining the conventional "trade-credit invoice" collection and “account payable” process.
- We have customers from across the manufacturing, distribution, services, and retail sectors in India.
- Our current clients include Pharma, IT distribution, real estate, services, and manufacturing.
- Our solution received govt. funding both by Govt of India and Govt of Karnataka.
- Our unique solution is recognised and awarded by IIT Madras and IIM Kozhikode.
- The promoter and co-founders individually have 18+ years of experience in managing business operations, IT development, commercial management, sales & marketing.
- The company generates revenue through the pay-per-use model.
- We have signed MOU with a ERP company to go as integrated Payment system to Collect receivables. Expected Revenue for this year would be USD 7 million.
- The company has a projected EBITDA percentage of 40-50.
- We have customers from across the manufacturing, distribution, services, and retail sectors in India.
- Our current clients include Pharma, IT distribution, real estate, services, and manufacturing.
- Our solution received govt. funding both by Govt of India and Govt of Karnataka.
- Our unique solution is recognised and awarded by IIT Madras and IIM Kozhikode.
- The promoter and co-founders individually have 18+ years of experience in managing business operations, IT development, commercial management, sales & marketing.
- The company generates revenue through the pay-per-use model.
- We have signed MOU with a ERP company to go as integrated Payment system to Collect receivables. Expected Revenue for this year would be USD 7 million.
- The company has a projected EBITDA percentage of 40-50.
Products & Services Overview
Integrated with our own payment gateway system, pending patent, the innovative product provides a secure automated platform to organizations for tracking and managing recurring inward and outward payments.Core features:
Automated AR/AP - Collect recurring invoice payments directly from the customer's bank account as & when it is due.
Cash flow management - Automated dunning process, with Integrated pull (debit) and push (credit) transactions for better-working capital management.
High volume transaction - Robust system allowing seamless tracking of high volumes through our large network of banks.
Seamless collaboration - Multiple teams, accounting, ERPs & CRM systems integrated seamlessly on one platform, reducing dependencies & timely distributing information.
Faster, safer & secure - Simple onboarding process, host-to-host connectivity, secured, encrypted & certified hosting by globally trusted partners.
Integrated with TReDS and Trade Credit Insurance with RXIL & TATA AIG respectively.
Assets Overview
- Printers.- Laptops.
- Desktops.
- Licences.
- Software (SaaS-based product developed and hosted for revenue generation)
Facilities Overview
We have a private office in a leading co-working space provider in Bangalore's CBD location. We pay a rent of INR 1L.
Capitalization Overview
- The company is bootstrapped by founders.- We are funded by Govt. of India's Startup India Seed Fund Scheme (SISFS) 2 years ago, (INR 25 Lacs) and Govt of Karnataka (INR 4 Lacs)
- Company received Grant from IIT Madras & IIM Kozhikode (INR 15 lacs)
- Company raised investment from angel investors by offering compulsory convertible preference shares (INR 105 Lacs)
- There are 4 shareholders in the business.
- We do not have any loans.
Recent Activity
-
1 day, 20 hours agoCEO, Technology, London, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysFounder And Principal Strategist, Mumbai, M&A Advisor connected with the Business
-
Earlier than 15 daysCEO, Fintech, Singapore, Corporate Investor / Buyer connected with the Business
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