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FinTech Company Investment Opportunity in Bangalore, India

Investment opportunity: Unique smart platform that helps consumers save for upcoming big-ticket spending.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries FinTech
Locations  Bangalore
Local Time 3:34 AM Asia / Kolkata
Listed By Advisor / Business Broker
Status Active
Overall Rating
Seeking Investment
USD 500 thousand for 5.0% stake (Native Currency: INR 37,500,000)
Reason: 50% - Marketing and Branding.
40% - Payroll.
10% - Operations.
Includes physical assets worth USD 27 thousand
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Business Overview

- Voted Top 50 Tech Companies by yourstory in 2021.

- Backed by marquee investors such as Kunal Shah (CRED fame) and Shradddh Sharma (of Yourstory fame)

- When it comes to purchases, we all save in some instruments, but most of us don't do it consciously. We use credit cards or bank savings to make purchases (with returns less than inflation, we are losing money). This leads to less-than-optimal consequences and, in some cases, debt traps. Essentially, we have a gap between our savings and our expenditures.

- The business connects our savings with our spending by helping users to plan and save up for a future spend and in the process get 5X more value than spending from our bank savings.

- We have partnered with 100+ brands across many categories - Croma, Yatra, Kalyan Jewels, Vedantu, Livspace, Ather, Wakefit, and more.

- Also, through its rewards platform, which features 200+ companies, we provide instant gratification to savings by allowing users to redeem the reward points (Mbits) they earn every time they save on the app.

- For the partner brands, we are a new customer acquisition channel- a system to get advance cash flow and a committed future customer. We also act as a system to target window shoppers.

Products & Services Overview

The company is a 1st of its kind unique app that lets users save for their upcoming spending (travel, furniture, gadgets, insurance premiums, wedding, and more) to get over 5X value for their money.

- Connects a consumer's saving with their spending.

- We achieved the 5X value through 2 unique models -

1. Brand Saver: save directly with popular brands for a future purchase and an assured discount AND.

2. Market Saver: save in curated market instruments (MF, Digital gold, P2P, Equity) and tag it to the brands to get superior returns while saving and best discounts while spending. We have partnered with 20+ brands across many categories - Croma, Yatra, Kalyan Jewels, Vedantu, Livspace, Ather, Wakefit, and more.

- We also provide immediate pleasure to savings through its rewards platform, which features over 200 companies and allows users to redeem the reward points (Mbits) they earn when they save on the app.

Assets Overview

All employee laptops (25+) are MacBook Pro / MacBook Air and owned by the company. These are the only physical assets we hold.

Facilities Overview

The company operates on a leased premise in Bangalore.

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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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