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Payment Services Company for Sale in Bangalore, India

Acquire NRI-focused fintech app offering secure UPI wallet services with 20K active users.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity Private Limited Company
Reported Sales USD 290 thousand
Run Rate Sales USD 280 thousand
EBITDA Margin 40 %
Industries Payment Services + 1 more
Locations  Bangalore
Local Time 6:06 AM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 1.46 million (Native Currency: INR 125,000,000)
Reason: The promoter is moving abroad.
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Business Overview
- Headquartered in Bangalore, we specialize in offering UPI wallet mobile apps tailored for NRIs and foreign travelers, ensuring frictionless payment experiences across India.
- Pioneering in the payment services industry for mobile apps, we're among the first to cater specifically to the non-resident Indian and foreigner demographic with a focused fintech solution.
- Our robust revenue model comprises multiple streams including account activation fees, forex conversion charges, and interchange transaction fees, ensuring financial sustainability.
- We currently boast a strong customer base with 20,000 active users, leveraging our seamless service for their diverse payment needs in India.
- Temporary sales decline noted due to pricing experimentation; strategic adjustments are projected to restore and escalate sales performance.
- Certified with the Unified Payments Interface (UPI) standard, and in collaboration with a partner possessing a Prepaid Payment Instrument (PPI) license, we ensure compliance and security in all transactions.
- As a paid wallet, we maintain premium service offerings, providing enhanced user experiences and security features, setting us apart from free alternative solutions in the market.
Products & Services Overview
We offer a digital wallet app enabling international visitors to make smooth, secure payments while in India.
Assets Overview
Intangible assets: Mobile app with over 1 lakh downloads on the Play Store.
Facilities Overview
We are operating remotely.
Capitalization Overview
Has an OD of INR 10 lakh.
We have invested INR 10 crore in the development of the product.
Has 2 directors with equal shares.
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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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