FinTech Company Investment Opportunity in Pune, India
|Run Rate Sales||USD 240 thousand|
|EBITDA Margin||3 %|
|Local Time||1:01 PM India|
|Listed By||Business Owner / Director|
- Have developed an app that facilitates payments and utility-based bill transactions for end users. Currently, we have over 90+ co. op societies and banks connected with us. Have direct connectivity with IndusInd Bank server.
- The app is available on the Google Play Store and end-users can download it from there. They are informed and encouraged to download this application by co. op banks and societies.
- We charge an annual subscription fee of INR 10,000 to the banks and societies. Additionally, a commission lesser than 1 percent per transaction facilitated. Have over INR 5 crore worth of transactions occurring through the platform on a monthly basis.
- Besides that, we have also developed a banking management software for co. op banks and societies. It assists with all the day-to-day and internal operations of the banks. Operates on a SaaS based model where we charge INR 30,000 - INR 50,000 (depends on number of users) annually. We have over 20 - 30 banking and society clients registered under this plan.
- The mobile application vertical generates more revenue over the banking management software platform.
- Have engaged in paid digital marketing and off-line door-to-door marketing to promote our business.
- We have a debt of INR 1.7 crore in unsecured loans.
- Current team consists of 2 support staff and 1 marketing executive. The application was fully developed by the promoter.
- Promoter has over 20 years of experience in the IT and tech sector.
Have developed a mobile app that facilitates fund transfer and account based activities for the end users of co. op. banks and societies. We have also developed a software that facilitates all the internal day-to-day operations of co. op. banks and societies.
The intangible assets include software and mobile application code. Besides that, we have 5-6 computers, office furniture and 1 large server.
4 days, 4 hours agoDirector, IT, Mumbai, Corporate Investor / Buyer accepted business proposal
1 week, 2 days agoDirector, Technology & Network, Mumbai, Corporate Investor / Buyer accepted business proposal
1 week, 2 days agoVice President, Retail Services, Pune, Individual Investor / Buyer accepted business proposal