Payment Services Business Investment Opportunity in Dubai, UAE
Merchant solution to accept crypto payments in various businesses.
This transaction has concluded.
Premium Plan
| Established | 1-5 year(s) |
| Employees | 5 - 10 |
| Legal Entity | Other |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Payment Services |
| Locations | Dubai |
| Local Time | 2:34 PM Asia / Dubai |
| Listed By | Business Owner / Director |
| Status | Active |
Partial Stake Sale
USD
5.5 million
for
10.0%
stake
(Native Currency: USD 5,500,000)
Reason: The strategy will be based on the planned actions of the team:
- Obtaining additional licenses, bui...
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Includes physical assets worth
USD
20 thousand
Interested to connect with advisors
Documents
Trade License
(394.8 KB)
Shareholders - Names & Ownership
(13.3 KB)
Important Links
(12.0 KB)
Almas Tower, Dubai
(73.3 KB)
Presentation in Dubai
(45.9 KB)
Company Presentation
(65.5 KB)
Application
(46.1 KB)
Business in Dubai
(56.2 KB)
Memorandum of Association
(7.2 MB)
Business Overview
At this stage, from a technical perspective, we are prepared and have tested some marketing strategies, and have a strong team supporting it. Our company is fully equipped for scaling and improving current results.
- Researched the legal side of accepting cryptocurrency payments for our group of companies, assessed risks and opportunities, conducted competitor analysis, and developed a business plan.
- Developed and tested the platform and web interface for accepting cryptocurrency payments (web POS).
- Pushed the system into offline businesses in Dubai, including restaurants, car rentals, private jet charters, beauty salons, and real estate agencies, and created real test cases.
- Designed the product and created marketing materials.
- Tested advertising in Dubai and received more than 120 requests from business owners to connect new merchants. We opened 125 business accounts and 93 POS terminals for them and 80% made at least 1 transaction. They pay 1.5% for each deposit in crypto and additionally 1% for withdrawals in AED or USD (in fiat). The biggest purchase between merchants is USD 4,900. For now, we have no revenue, but project USD 70-90k/mo in the coming months, and we plan to increase sales, development, and legal departments and pass more marketing tests – a total of up to USD 200k/mo. However, we forecast total transaction of USD 450 million at a 3% EBITDA.
The strategy will be based on the planned actions of the team:
- Obtaining additional licenses, and building a completely legal product structure;
- Replenishment of the staff with the necessary employees.
- Improving the functionality of the product;
- Strict calculation, reporting, and following the business plan.
- Researched the legal side of accepting cryptocurrency payments for our group of companies, assessed risks and opportunities, conducted competitor analysis, and developed a business plan.
- Developed and tested the platform and web interface for accepting cryptocurrency payments (web POS).
- Pushed the system into offline businesses in Dubai, including restaurants, car rentals, private jet charters, beauty salons, and real estate agencies, and created real test cases.
- Designed the product and created marketing materials.
- Tested advertising in Dubai and received more than 120 requests from business owners to connect new merchants. We opened 125 business accounts and 93 POS terminals for them and 80% made at least 1 transaction. They pay 1.5% for each deposit in crypto and additionally 1% for withdrawals in AED or USD (in fiat). The biggest purchase between merchants is USD 4,900. For now, we have no revenue, but project USD 70-90k/mo in the coming months, and we plan to increase sales, development, and legal departments and pass more marketing tests – a total of up to USD 200k/mo. However, we forecast total transaction of USD 450 million at a 3% EBITDA.
The strategy will be based on the planned actions of the team:
- Obtaining additional licenses, and building a completely legal product structure;
- Replenishment of the staff with the necessary employees.
- Improving the functionality of the product;
- Strict calculation, reporting, and following the business plan.
Products & Services Overview
Activity descriptions:- Open accounts in fiat and crypto to retail clients (companies only).
- Accept payments in crypto for goods and services that local businesses sell.
- Payout in fiat to companies' bank accounts after selling crypto to AED, USD, or EUR.
- Withdraw crypto to client's wallets.
- Payments on behalf of clients (sent from one account to another, payout to a local bank, international payout).
Assets Overview
- POS web app.Minimum Viable Product (MVP) capable of accepting payments in 11 cryptocurrencies, with plans to rapidly expand this to include an additional 870 cryptocurrencies in different networks.
- Dashboard:
Customer onboarding system;
Generation of points of sale, employees;
Generation of links for receiving cryptocurrency;
Balance withdrawal (from the account) to merchants;
Summary statistics.
- 3 DMCC licenses to operate in the UAE, applications for 2 additional licenses to DFSA and RAK DAO.
- SRO license to operate in Switzerland.
- Crypto-friendly bank accounts in Dubai, Singapore, Europe, and offshore to process deposits and withdrawals directly to the bank with a straight agreement.
All our intangible assets are valued at USD 3 million.
Facilities Overview
We rent an office in Dubai, located in Almas Tower, JLT on the 23rd floor.
Capitalization Overview
Over USD 3 million was spent building the entire infrastructure out of the business owners' own investments.At the moment there are four shareholders in a 70:10:10:10 split.
Recent Activity
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Earlier than 15 daysDirector, IT And Food, Dubai, Individual Investor / Buyer connected with the Business
-
Earlier than 15 daysOwner, Mumbai, Financial Consultant connected with the Business
-
Earlier than 15 daysIndependent Advisor, Dubai, Financial Consultant connected with the Business
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