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FinTech Company Seeking Loan in Dubai, UAE

Blockchain startup based out of Dubai seeks business loan to start its operations.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 5 - 10
Legal Entity Limited Liability Company (LLC)
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries FinTech + 1 more
Locations  Dubai
Local Time 3:51 AM America / Lima
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 4 million for 5.0% annual interest, 8 years (Native Currency: USD 4,000,000)
Reason: Funds are required for growing the volume of capital management and investing in other lines of the ... View More
Collateral Available: USD 3 million
Interested to connect with advisors
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Business Name
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Documents
Financial Plan
Business Plan
Business Overview
- We are a blockchain corporation that plans to have crypto stores, ATMs, sports players team's crypto transactions, and crypto mining.
- We have a legal team that studies financial & logistical movement that involves a buy or sell of a player. We plan to make it easier through the use of blockchain.
- Our company has contacts with soccer teams in Europe.
- We plan to use AI to do mining with a focus on the use of ETH rigs and acceleration of system update processes.
- Crypto ATM will be used for the management of buying and selling of crypto.
- Currently, we are working in countries that have problems in the process of transactions in crypto.
- Our company will charge a percentage of commission from each transaction done using our platform.
- Crypto mining has the potential for generating daily gains, with a secure investment with low risk and an ROI of 1 year to 1.5 years.
- From the sports transactions, the business can earn around 2%-4% of the value of the transaction of the player.
- The business has 4 shareholders with a 40%, 26%, 17%, and 17% stake in the company.
- The shareholders have more than 5 years of experience in blockchain projects, management of the crypto corporation, and logistical administration of funds.
- We also have a team of experts on financial transactions using crypto.
- The founders have experience in companies such as Mundo Crypto.
- We already have 50+ customers on our waiting list.
- The business is registered in Dubai, but one of the founders is from Peru.
- Majority of the business operations will be from Dubai.
- Company does not have any outstanding liabilities.
- Currently, our platform has been taken off the internet as it is under going development.
Products & Services Overview
Our products and services include crypto ATM stores, crypto and Defi fund, sports transactions buy/sell of players and crypto mining.
Assets Overview
The business does not own any physical assets.
Intangible assets including BTC and ETH are worth USD 1 million.
Facilities Overview
Currently, we are working remotely. We plan to open our office by September of the current year.
Capitalization Overview
Not Disclosed
Recent Activity
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1 Investor contacted this Business this week. Register below to connect now!
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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