FinTech Company Investment Opportunity in Mumbai, India

FinTech company focused on rural banking services and financial inclusion, facilitating through agent's network.
This Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 1.6 million
EBITDA Margin
Operating at loss
Industries
Locations
Local Time
8:52 AM Mumbai
Listed By
Advisor / Business Broker
Status
Active
Overall Rating
Seeking Investment
USD 850 thousand for 49.0% stake (Native Currency: INR 60,000,000)
Reason: Lack of funds.
Includes physical assets worth USD 43 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
IM
Business Overview

Our client acts as a business correspondent to banks. They facilitate banking services in areas where banks are unable to open brick and mortar branches. Through their vast network of agents, they provide affordability and easy accessibility to this unbanked population.

Armed with the finest technology, they help in taking the banks to the doorsteps of rural households in over 6 lakh villages. With over 1 lakh transactions everyday, they reach out to families across India.

The rural masses get access to banking services like cash withdrawal, cash deposits, payments, balance inquiry and statement of account that can be completed with the ease of using fingerprint authentication.

The residents of villages with these agents do not have to walk 5-10 kilometers anymore to do a banking transaction.

Products & Services Overview

- Withdrawal of money - Cash can be withdrawn from desired bank account or EMI can be collected.

- Deposit of money - Cash can be deposited into the desired bank account.

- Cash Collection - Cash is collected on behalf of banks and corporates.

- Account opening - Different bank accounts can be opened.

- Transfer of Money - Cash to Bank Transfer. Unlike Bank to Bank or wallet to wallet.

- Prepaid Cards and Bill Payments.

Facilities Overview
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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