↩ Go Back
Need help?

FinTech Company Investment Opportunity in London, United Kingdom

FCA licensed payment institution authorized to open bank accounts and provide online payment services.
This transaction has concluded.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries FinTech
Locations  London
Local Time 10:10 PM Asia / Almaty
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 300 thousand for 40.0% stake (Native Currency: GBP 250,000)
Reason: Funds will be used to launch & promote services in the market, meet operational expense, set up an o... View More
Interested to connect with advisors
Documents
Business Overview

Company is a FCA licensed and tech-enabled payment institution who is authorized to open bank accounts and provide online payment services. Company aims to offer smooth FinTech services to clients. Since we are a startup, we currently do not have a direct tie-up with banks but we engage the process through ClearBank and PayrNet. Our revenue model is commission per client.

After raising funds and after we start generating a stable revenue, we plan on establishing a direct tie-up with banks and also with financial services companies like Visa and Mastercard. Our company was registered in 2017 but we haven't generated any revenue till date as we were engaged in the process of developing our technology and getting the FCA license. Have spent GBP 200K for FCA license and GBP 100K in our technology.

Company is registered in London. We have 2 directors and 8 permanent employees who works remotely to take care of the operations. We do not have a physical office there. Additionally, we have a small office in Moscow for complete IT support. Have 2 directors and 2 permanent IT employees in Moscow. After raising funds, we will set up only 1 physical office in London and all our employees from IT and operations along with directors will sit and operate from London office only. Business currently do not own any physical assets.

Products & Services Overview

- Open corporate bank accounts, individual bank accounts, issuing of cards.

- Provide online payment and merchant acquiring services.

Facilities Overview

- London: The company is registered in London but we do not have a physical office there as all our 8 permanent staff works remotely. The 2 directors works out of their residence.

- Moscow: Have a small rented office in Moscow where we have 2 IT employees and 2 directors.

Capitalization Overview
Not Disclosed
Recent Activity
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.
This transaction has concluded. View 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.

Frequently
Asked
Questions

  • Why can’t I see the business’ name or contact number? How do I contact the business?
  • What level of due diligence does SMERGERS conduct on the businesses/member?
  • How active are the business profiles listed on SMERGERS?
  • How does SMERGERS rate business profiles?
  • Do I need to pay to connect with a business?
  • Show more