↩ Go Back
Need help?

Payment Services Company for Sale in Tbilisi, Georgia

Company with an existing loyalty card reward program and a newly started payment service.
This transaction has concluded.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 50 - 100
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 800 thousand
Run Rate Sales USD 720 thousand
EBITDA Margin Operating at loss
Industries Payment Services
Locations  Tbilisi
Local Time 6:23 PM Asia / Tbilisi
Listed By Business Owner / Director
Status Active
Overall Rating
Full Sale
Asking Price: USD 6 million (Native Currency: USD 6,000,000)
Reason: Shareholders have other businesses that they need to take care of and cannot invest much time to sca... View More
Includes physical assets worth USD 250 thousand
Documents
Business Overview

- We are a payment services company with two verticals that issue cards as part of a loyalty program and a newly started payment service.

- As part of our loyalty program we have issued more than 2 million cards that users can make payments with to generate points.

- These points can be used at the stores of over 350 of the biggest merchants in Georgia for discounts and rewards.

- We generate revenue by charging participating merchants a percentage of revenue when a customer makes a payment using our card.

- Company also provides analytics of customer behavior and spending as a marketing service to these companies for a cost.

- Recently we have developed a payment service for which the infrastructure has already been developed and will start in three months.

- We would generate revenue by charging a commission on the transactions occurring through the service.

- The service has Visa and Mastercard affiliation and is one of the first payment services in CISSEE to be a Visa strategic partner.

- Our sales are slightly lower due to the current global climate. We expect to reach a positive profit margin as the company scales and grows.

- Buyer would receive the entire business, infrastructure and network POS terminals.

Products & Services Overview

Reward cards, utility payments platform, bonus collection and discount loyalty program, digital wallet and payment service, customer analytics program.

Facilities Overview

Rented office area and data center of 600 Sq M.

Capitalization Overview
Not Disclosed
Recent Activity
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. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
This transaction has concluded. View similar business opportunities on SMERGERS
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.

Frequently
Asked
Questions

  • Why can’t I see the business’ name or contact number? How do I contact the business?
  • What level of due diligence does SMERGERS conduct on the businesses/member?
  • How active are the business profiles listed on SMERGERS?
  • How does SMERGERS rate business profiles?
  • Do I need to pay to connect with a business?
  • Show more