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FinTech Company Investment Opportunity in Bangalore, India

Fintech company that provides banking services to Indian corporates seeks investment for market expansion.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 300
Run Rate Sales USD 430 thousand
EBITDA Margin 30 %
Industries FinTech
Locations  Bangalore
Local Time 8:37 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Partial Stake Sale
USD 6 million for 15.0% stake (Native Currency: INR 500,000,000)
Reason: Funds are required for product & market expansion by capturing 5% of the POS market in the next 16 m... View More
Includes physical assets worth USD 24 thousand
Interested to connect with advisors
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Business Overview

- Our company is an infrastructure bank which provides banking services such as prepaid card, soft POS and savings account to Indian corporates, some of which are Shell, Health Quarters, YPay, Equitas, and Yes Bank.

- We are a premium plugin between salary account and employees, our customers are corporates and salaried individuals.

- We've partnered with the best corporate incentive systems to help businesses monetize every dollar the workers spend. Our software streamlines cost payments and boost corporate efficiency.

- The branded cards provide real-time spend visibility, card controls, direct transactions, smartphone check loads, savings portfolios, credit facilities, and reloadable cards.

- We facilitate savings, prepaid accounts, and monetize just how bank channels through deposits as well as generate revenue through program integration fee, card issuance fee card annual subscription fee, transaction, and float & interest income.

- Have tied up with Yes Bank, ICICI Bank, and Equitas Small Finance Bank through which they've been facilitating banking services since December 2019.

- We have seen high growth in revenue as, by the end of April 2021, we have crossed 100 crores transactions with 4 months of our service launch.

- The promoters have 5+ years of experience in the banking industry and have worked with the core management team with companies such as Happay, MSS Payments, Technolution, TedX.

Products & Services Overview

Prepaid card, soft POS, and savings account.

Assets Overview

Owned office space and 30 laptops owned by the business.

Facilities Overview

Owned building space covering an area of 1,700 sq. ft. in Jayanagar, Bangalore.

Capitalization Overview
Not Disclosed
Recent Activity
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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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