FinTech Startup for Sale in Nairobi, Kenya
Fintech neobank with 10,000 customers in Africa available for sale at USD 770,000.
Premium Plan
| Established | 0-1 year(s) |
| Employees | 2 - 5 |
| Legal Entity | C Corporation |
| Reported Sales | Nil |
| Run Rate Sales | USD 3.6 thousand |
| EBITDA Margin | Nil |
| Industries | FinTech |
| Locations | Nairobi |
| Local Time | 10:01 PM Europe / Madrid |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
770 thousand
(Native Currency: USD 770,000)
Reason: The owner wants to change career path and relocate overseas to take care of his relatives who are in...
View More
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Domain-Verification.pdf
(214.0 KB)
Financial Model
(10.3 KB)
Investor Presentation
(1.1 MB)
App
(213.9 KB)
Certificate of Incorporation
(800.0 KB)
Business Overview
- Emerging neobank in Africa, leveraging proprietary technology to provide enhanced financial solutions through a versatile mobile application designed for retail customers and local merchants.
- We have a mobile application that can be downloaded by the retail customers and local merchants.
- 10,000 customers obtained via word of mouth;
- 300 merchants and counting.
- IP worth USD 1 million.
- We make money through a 1% transaction fee on multi-currency transactions (non-P2P).
- App well rated on Google Play: 4.21 stars out of 5. The app has 10,000+ downloads.
- Proprietary technology: in-house developed app, backend in microservices architecture, backoffice and custom-built KYC system. Robust infrastructure as a code deployed in AWS with enhanced cybersecurity.
- 2,100+ followers on Facebook.
- Approved as Data Controller by the ODPC in Kenya.
- Business permit as a financial service company in Kenya.
- The business partners with regulated organisations across Africa.
- Quick and effective customer service.
- We have a mobile application that can be downloaded by the retail customers and local merchants.
- 10,000 customers obtained via word of mouth;
- 300 merchants and counting.
- IP worth USD 1 million.
- We make money through a 1% transaction fee on multi-currency transactions (non-P2P).
- App well rated on Google Play: 4.21 stars out of 5. The app has 10,000+ downloads.
- Proprietary technology: in-house developed app, backend in microservices architecture, backoffice and custom-built KYC system. Robust infrastructure as a code deployed in AWS with enhanced cybersecurity.
- 2,100+ followers on Facebook.
- Approved as Data Controller by the ODPC in Kenya.
- Business permit as a financial service company in Kenya.
- The business partners with regulated organisations across Africa.
- Quick and effective customer service.
Products & Services Overview
This company provides a single app to save, send, and spend money smarter across Africa.A person sending money across Africa loses 5% and waits 3 days. This company cuts it to zero fee and instantly as a peer-to-peer transaction.
Main features:
1. International transfers to 11 countries.
2. E-wallet in dollars used by retail customers and merchants to hedge against inflation.
The top-selling right now is the international transfers.
Assets Overview
Intangible assets:- Customers.
- Partnership with solid organisations.
- Mobile banking app and its backend.
- KYC (Know Your Customer) platform.
- Approved trademarks.
- Memorable 5-letter internet domain.
- Branding.
- Marketing materials, including a blog with hundreds of literacy posts.
- C-Corporation in the US with a subsidiary in Kenya.
Facilities Overview
The company is registered in Delaware with a subsidiary in Nairobi, Kenya. The team consists of the founder, his wife and three freelancers.
Capitalization Overview
Self-funded. No debt/loans.1 sole shareholder has 100% of the company.
Recent Activity
-
2 weeks, 1 day agoSite Leader, Oil And Gas, Abu Dhabi, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysPartner, FMCG Distribution, Kochi, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysIT Consultant, Bank, Birmingham, Individual Investor / Buyer connected with the Business
Tags:
Financial Website Startup for Sale in Nairobi, Kenya
·Purchase Financial Website Startup in Nairobi, Kenya
·Buy Financial Website Startup in Nairobi, Kenya
·FinTech Startup for Sale in Nairobi, Kenya
·Purchase FinTech Startup in Nairobi, Kenya
·Buy FinTech Startup in Nairobi, Kenya
·Financial Website Startup for Sale
·FinTech Startup for Sale
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
Contact Business
1 Buyer contacted this Business this month.
Register below to connect now!
- Social
- Register
- Login
Who uses SMERGERS?
... and 64,500+ other businesses of all sizes.
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.
You might also be interested in these businesses