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Payment Services Business Seeking Loan in Surat, India

Online recharge and utility bill payment services provider based out of Surat.

Established 5-10 year(s)
Employees 10 - 50
Legal Entity Sole Proprietorship/Sole Trader
Reported Sales USD 74 thousand
Run Rate Sales USD 80 thousand
EBITDA Margin 25 %
Industries Payment Services + 1 more
Locations  Surat
Local Time 4:56 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Loan
USD 900 thousand for 10.0% annual interest, 5 years (Native Currency: INR 70,000,000)
Reason: Setup office in other states, invest in system and for advertisement.
Collateral Available: USD 0
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Business Overview

- We provide simple and safe online bill payment and recharge solutions to users.

- Instead of partnering with multiple telecos, we have tied with one major IT company who provides us packages offered by these multiple telecom companies which we further sell it to our clients.

- We serve our clients directly through our website and also through retailers tie-ups.

- Have tie-ups with 1,200 retailer such as mobile shops, bill payment offices and others.

- We acquire all the retailers through our distributorship channel present in different states. At present, we have 16 such distributors present in Maharashtra, Gujarat and Madhya Pradesh.

Products & Services Overview

Mobile Recharge, DTH Recharge, Data Card Recharge, Electricity Bill Payments, Water Bill Payments, Cable Bill Payments, Broadband Bill Payments, Landline Bill Payments.

Facilities Overview

250 Sq Ft of rented office in Surat.

Recent Activity
  • Earlier than 15 days
    Founder & CEO, Chennai, M&A Advisor 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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