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FinTech Company Seeking Loan in Pune, India

Fintech SaaS platform helping businesses transform corporate spending seeks business loan for expansion.

Established 1-5 year(s)
Employees 50 - 100
Legal Entity Private Limited Company
Reported Sales USD 300 thousand
Run Rate Sales USD 650 thousand
EBITDA Margin Operating at loss
Industries FinTech
Locations  Pune
Local Time 7:06 AM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 36 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 ... View More
Collateral Available: USD 0
Includes physical assets worth USD 85 thousand
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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.

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.

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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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