Newly Established Payment Services Company Seeking Loan in Howrah, India

Company providing web platform for transactions and other digital services, seeking funds for business expansion.

Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 22 thousand
EBITDA Margin
30 %
Industries
Locations
Local Time
1:39 PM West Bengal
Listed By
Business Owner / Director
Status
Moderately Active
Overall Rating
Seeking Loan
USD 21 thousand for 12.0% annual interest, 5.0 years (Native Currency: INR 1,500,000)
Reason: To work on NBFC related service modules on the platform, for marketing and advertising expenses.
Collateral Available: USD 1.4 thousand
Includes physical assets worth USD 42 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview

- Our web platform was developed and went live in April 2018. Since then we have on-boarded more than 2,000 clients in West Bengal.

- We offer e-wallet, Bill payment and ticket booking services. We are also offering POS machines to retailers, which will be linked to our web platform.

- Revenue generation is through commission charged for each transaction that happens through our platform, and also through charging a one time registration fee to our clients for using the platform.

- We are looking to introduce new services based on NBFC model, and hence are seeking funds to commence its development and marketing operations. We are yet to receive our NBFC certification from RBI, before we introduce these services.

Products & Services Overview

- E-wallet, Utility bill payment, Mobile and DTH recharge.

- West Bengal electricity bill payment.

- Railway ticket booking, Gas booking and bill payment.

- AEPS and POS services.

Facilities Overview
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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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