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FinTech Company Seeking Loan in Imphal, India

Business operating 10 hotels developing blockchain for secure tourism services, integrated with government for revenue.

Established 1-5 year(s)
Employees 50 - 100
Legal Entity Private Limited Company
Reported Sales USD 290 thousand
Run Rate Sales USD 305 thousand
EBITDA Margin 10 %
Industries FinTech
Locations  Imphal
Local Time 10:20 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 115 thousand for 10.0% annual interest, 5 years (Native Currency: INR 10,000,000)
Reason: - The owners are seeking a loan to acquire IT infrastructure to initiate the development of blockcha... View More
Collateral Available: USD 0
Includes physical assets worth USD 3.46 million
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Business Name
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Business Overview
- Business operates in the travel and tourism industry, managing 10 small hotels.
- The business receives over 500 bookings annually.
- It now plans to develop a blockchain solution specifically for the travel sector.
- The blockchain will facilitate secure bookings, payments, and identity verification.
- The system will also improve tracking and management of tourist data for better planning.
- The business intends to integrate this technology with the local government to enhance tourism services.
- Revenue will be generated by charging the government a service fee for utilizing the system.
- The owner has seven years of experience in the blockchain industry.
- The business holds a valid GST certificate.
Products & Services Overview
The business plans to develop a blockchain technology which provide secure bookings, payments, and tourist data management, used by the government.
Assets Overview
The business owns 10 resorts in Imphal, with an approximate value of INR 30 crore.
Facilities Overview
The business own and operates 10 owned hotels in.
Capitalization Overview
The business is owned by 2 directors.
There are no debts in the business.
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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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