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Newly Established Payment Services Company Investment Opportunity in Surat, India

Business planning on providing prepaid card which gives instant 100% cashback on every transaction.

Established 0-1 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Payment Services
Locations  Surat
Local Time 9:44 PM Asia / Kolkata
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Investment
USD 130 thousand for 5.0% stake (Native Currency: INR 10,000,000)
Reason: Funds are required to pre-launch the service and gather up to 10K retailers and 2 lakhs+ cardholders... View More
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Business Overview

- We are a ROC-certified firm planning to provide payment services, in talks to co-partner with ICICI Bank Ltd.

- Currently, the business is in the planning stage and has many types of proof of concept.

- Aim at providing the best solution to the Indian middle-class and youngsters.

- We are in talks to tie-up with ICICI Bank and launch a prepaid card.

- Customers will receive an instant 100% cash back on every transaction up to a limit that they subscribe to. The limit is set for a per monthly basis.

- We have a projection report that shows a hopeful turnover of INR 7,000 crore business by the end of 2 years.

- Will provide post devices to retailers to swipe our cards only.

- Revenue generation will be through subscriptions, and an 18% commission is charged to retailers on every swipe.

- Business operations will start in 6-7 months after the investment is received.

Products & Services Overview

- We plan on providing a prepaid card to customers to make payments and get cash backs. Customers will have to open an account, deposit money, and make transactions.

Load the money into a card swipe anywhere at our merchants and get instant 100% cashback on every transaction.

Max limit of cashback is INR 25K per month.

Our card memberships give different types of cashback limits to the cardholders.

Withdraw money from the card at any ATM anytime.

Assets Overview

The business does not have any physical assets yet.

Facilities Overview

We have rented office of 150 square feet in Mota Varachha, Surat.

Recent Activity
  • Earlier than 15 days
    Executive Director, New Delhi, Financial Consultant connected with the Business
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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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