FinTech Company Investment Opportunity in Pune, India

Mobile application developer for 90+ co-op banks and societies and ERP developer with 20-30 clients.
This Business is on a Premium Plan
Established
Employees
Legal Entity
Reported Sales
Run Rate Sales USD 240 thousand
EBITDA Margin 3 %
Industries FinTech
Locations  Pune
Local Time 1:01 PM India
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 270 thousand for 50.0% stake (Native Currency: INR 20,000,000)
Reason: To clear unsecured loans and for business expansion. Have a high valuation expectation because the b... View More
Includes physical assets worth USD 14 thousand
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Business Overview

- 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.

Products & Services Overview

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.

Assets Overview

The intangible assets include software and mobile application code. Besides that, we have 5-6 computers, office furniture and 1 large server.

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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