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FinTech Business for Sale in Mumbai, India

For sale: Platform that aggregated foreign exchange dealers and helped users request foreign currency.

Established 1-5 year(s)
Employees < 2
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries FinTech
Locations  Mumbai
Local Time 1:02 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 8 thousand (Native Currency: INR 700,000)
Reason: Unable to expand the business.
Business Overview

- We are a foreign exchange platform that lists money exchange dealers and users.

- The user can book an order for any currency and once its placed, the dealers will receive the confirmation and deliver the foreign currency at user's doorstep.

- We started with only 3 dealers and 270 registered users on the platform. The platform lists 30 foreign currencies.

- We ensure complete verification of dealers and users with full address and KYC.

- We generate revenue through commission per transaction and a small service fee.

- The buyer on sale of this company will receive complete program code, 500+ CXO level customer database, registered mobile number from where we receive most orders.

- Founder of this company has been in the Forex industry since the last 20 years.

- The business has been affected due to the pandemic and have not made revenue in the last 1.5 years.

Products & Services Overview

Foreign exchange platform that lists money exchange dealers and users.

Facilities Overview

Our office space is based out of Mumbai.

Capitalization Overview
Not Disclosed
Recent Activity
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.
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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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