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Payment Services Business Investment Opportunity in Dubai, United Arab Emirates

Merchant solution to accept crypto payments in various businesses.
This Business is on a 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 9:54 AM Asia / Dubai
Listed By Business Owner / Director
Status Active
Overall Rating
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... View More
Includes physical assets worth USD 20 thousand
Interested to connect with advisors
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Business Name
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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.

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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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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