FinTech Company Seeking Loan in Pune, India
Fintech SaaS platform helping businesses transform corporate spending seeks business loan for expansion.
| Established | 5-10 year(s) |
| Employees | 50 - 100 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 290 thousand |
| Run Rate Sales | USD 630 thousand |
| EBITDA Margin | Operating at loss |
| Industries | FinTech |
| Locations | Pune |
| Local Time | 5:48 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Seeking Loan
USD
35 thousand
for
15.0%
annual interest,
1
year
(Native Currency: INR 3,000,000)
Reason: We are looking to raise funds under a bridge financing round for business expansion and for working ...
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Collateral Available: USD 0
Includes physical assets worth
USD
81 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
ROC-Verification.pdf
(73.7 KB)
Business Overview
- We are a startup and have created software for end-to-end spend management for corporates.
- We help our clients with managing invoices, payment gateways for bookings of flights, hotels, etc, account-to-account transfer, and bill payment services.
- Our business has two revenue models. First is the subscription-based for user licenses and second a percentage of commission that we charge for all the transactions that take place through our platform.
- This is charged from the vendors.
- 60% of the revenue is earned from the subscriptions and the rest is transaction revenue.
- The business experienced an increase in the growth rate as we increased our marketing and onboarded some big companies.
- Currently, we have 50 customers and 25 paid customers.
- We have 16 employees working in tech, 15 in sales, 10 in the onboarding team, and 14 in operations.
- The founders are from reputed colleges like IITs and IIMs.
- The company is registered in Indore but the office is located in Pune.
- We help our clients with managing invoices, payment gateways for bookings of flights, hotels, etc, account-to-account transfer, and bill payment services.
- Our business has two revenue models. First is the subscription-based for user licenses and second a percentage of commission that we charge for all the transactions that take place through our platform.
- This is charged from the vendors.
- 60% of the revenue is earned from the subscriptions and the rest is transaction revenue.
- The business experienced an increase in the growth rate as we increased our marketing and onboarded some big companies.
- Currently, we have 50 customers and 25 paid customers.
- We have 16 employees working in tech, 15 in sales, 10 in the onboarding team, and 14 in operations.
- The founders are from reputed colleges like IITs and IIMs.
- The company is registered in Indore but the office is located in Pune.
Products & Services Overview
We are a fintech company that has developed software where our users can manage all business expenses, invoices, and payments in a single place.
Assets Overview
Physical assets include 55 mac books and office furniture.
Facilities Overview
We have a rented office in the center of the city with an area of 11,000 sq ft.
Capitalization Overview
The business has been by owners capital, ICICI bank, IIT Mandi, and a few angel investors.The company has a bank OD of INR 30-40 lakhs.
The business has two directors with 28% and 29% stakes, 15% stake with the employees, and 28% with investors.
Recent Activity
-
Earlier than 15 daysCEO, Fintech, Singapore, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysPartner, Legal Consulting, Delhi, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysDirector, Consulting, Bangalore, Corporate Investor / Buyer connected with the Business
Tags:
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·Financial Website Company Seeking Loan
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·Lend to Financial Website Company
·FinTech Company Seeking Loan
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