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FinTech Startup Investment Opportunity in Bangalore, India

Business that aims to provide one stop forex shop solutions is looking for equity capital.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries FinTech + 1 more
Locations  Bangalore
Local Time 10:39 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 600 thousand for 8.0% stake (Native Currency: INR 50,000,000)
Reason: Funds are required for growth and expansion of our tech team, for marketing, and for product develop... View More
Includes physical assets worth USD 1.2 thousand
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Business Overview

- Our business aims to be the one stop solution for forex products and services.

- We are developing an application and a website which which will be an interconnected technology platform covering B2C that is forex customers like students, tourists, and professionals as well as B2B forex customers like corporates and forex ecosystem enablers like forex dealers, banks, and transfer agents.

- Currently, we have successfully registered 10 to 12 dealers in Bangalore and are targeting the 1,200 dealers.

- The dealer, banks, and transfer agents can put up their quotes for respective currencies and sell the same to the customers onboarded on the platform.

- We will generate revenue on a subscription model basis for the dealers, banks, and agents, and by once the exchange is done the customer pays us the margin amount.

- The business has 2 directors with equal ownership, the promoters have 40 + years of experience including setting up multiple businesses.

- Company is in the process of getting registered under a private limited legal entity and does not have any loan.

- Currently, we are in the beta product stage after a wide ranging market research. We expect to launch the application and website in the next 6 to 8 weeks. The directors are bearing the operating costs.

- We aim to market the same to our customers through social media platforms and Google ads.

Products & Services Overview

All in one digital platform for forex, forex products and services.

Assets Overview

The business owns laptops as physical assets. The business also owns the platform which is under development.

Facilities Overview

Currently, we are working from home and do not have any office space.

Recent Activity
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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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