FinTech Company Investment Opportunity in Dubai, UAE
Aggregator of forex rates from authorized money exchanges seeks funds for marketing and advertising.
Premium Plan
| Established | 1-5 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Limited Liability Company (LLC) |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | FinTech + 1 more |
| Locations | Dubai |
| Local Time | 12:25 AM Asia / Dubai |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Partial Stake Sale
USD
163 thousand
for
10.0%
stake
(Native Currency: AED 600,000)
Reason: Marketing spend.
We request all interested investors to visit our website to know more about our se...
View More
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Pitch Deck
(1.3 MB)
Promotional Poster
(503.5 KB)
Admin Dashboard
(46.0 KB)
Business Licence
(336.5 KB)
Business Overview
- Mobile app that aggregates forex rates to offer an attractive exchange rate to the app users.
- The app is owned and operated by an LLC registered in Dubai.
- The application was recently launched with 5 exchange partners. Reached 1,000+ downloads on the Play Store.
-189 registered users with 171 bookings since the soft launch on 20th June.
- Users can compare forex rates offered by different exchange partners and block the best rates for 48 hours.
- The money changers offer us an 8% discount on the exchange rates.
- We will earn our revenue from this 8% margin.
- Have seen a total conversion of almost AED 50,000 in one day. We are still not earning any revenue as we are passing the complete benefit of 8% margin to our customers.
- The app users will not be charged any fees to use our services.
- Our target market is the 13+ million annual visitors received by the UAE.
- The application development and its maintenance are outsourced.
- The company that owns and operates this app is debt-free and has two owners with equal ownership.
- The investor will get a 7% stake in an SPV that will be created solely for this mobile application.
- The app is owned and operated by an LLC registered in Dubai.
- The application was recently launched with 5 exchange partners. Reached 1,000+ downloads on the Play Store.
-189 registered users with 171 bookings since the soft launch on 20th June.
- Users can compare forex rates offered by different exchange partners and block the best rates for 48 hours.
- The money changers offer us an 8% discount on the exchange rates.
- We will earn our revenue from this 8% margin.
- Have seen a total conversion of almost AED 50,000 in one day. We are still not earning any revenue as we are passing the complete benefit of 8% margin to our customers.
- The app users will not be charged any fees to use our services.
- Our target market is the 13+ million annual visitors received by the UAE.
- The application development and its maintenance are outsourced.
- The company that owns and operates this app is debt-free and has two owners with equal ownership.
- The investor will get a 7% stake in an SPV that will be created solely for this mobile application.
Products & Services Overview
Mobile app and website that offers attractive foreign exchange rates by aggregating different exchange partners.Users can access our services through a website, Android application, and iOS application. All three have been launched and we have over 1,000 downloads on Android.
Assets Overview
No physical assets. The intangible assets include source code and business process; two mobile applications; website and domain.
Facilities Overview
We have a rented office in Dubai but the entire business operates remotely.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysDirector, Software Consulting And Services, Irvine, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysManaging Director, Fintech, Technology And Artificial Intelligence, Jaipur, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysManaging Director, IT, Bengaluru, Corporate Investor / Buyer connected with the Business
Tags:
Financial Website Startup Investment Opportunity in Dubai, United Arab Emirates
·FinTech Startup Investment Opportunity in Dubai, United Arab Emirates
·Invest in Financial Website Startup in Dubai, United Arab Emirates
·Mobile App Investment Opportunity in Dubai, United Arab Emirates
·Phone App Investment Opportunity in Dubai, United Arab Emirates
·Invest in FinTech Startup in Dubai, United Arab Emirates
·Investment Opportunity in Dubai, United Arab Emirates
·Invest in Mobile App in Dubai, United Arab Emirates
·Invest in Phone App in Dubai, United Arab Emirates
·Financial Website Startup Investment Opportunity
·FinTech Startup Investment Opportunity
·Invest in Dubai, United Arab Emirates
·Invest in Financial Website Startup
·Mobile App Investment Opportunity
·Phone App Investment Opportunity
·Invest in FinTech Startup
·Invest in Mobile App
·Invest in Phone App
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
8 Investors already contacted this Business.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 124,000+ other businesses of all sizes.
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.
You might also be interested in these businesses