Payment Services Company Investment Opportunity in Chennai, India
Established | 5-10 year(s) |
Employees | 10 - 50 |
Legal Entity | Private Limited Company |
Reported Sales | USD 40 thousand |
Run Rate Sales | USD 140 thousand |
EBITDA Margin | 10 % |
Industries | Payment Services |
Locations | Chennai |
Local Time | 10:32 PM Asia / Kolkata |
Listed By | Management Member |
Status | Active |
- We are a company that provides digital wallet & payment services and affiliated with multiple offline and online retail outlets.
- Our service acts as a digital wallet that provides users cashback on the transactions that they make.
- We are affiliated with over 80+ eCommerce portals and 50+ offline merchants whose products we aggregate on our website.
- Our digital wallet services can also be used at all these affiliated online and offline stores.
- We have also partnered with Federal Bank to sell debit cards linked to the wallet in order to make cash withdrawals. The cards were sold at INR 300 per card and we sold 50,000 such cards.
- On a monthly basis we have a transaction value of INR 1 Crore through our wallets and the average ticket size is INR 450.
- We have grown rapidly since last year as we have expanded our services and signed on more partners.
- In the future we plan to partner with numerous small supermarkets and retail outlets to accept our payments. This process would be complete within 20 days.
- Company is lean and asset light, it does not maintain any physical assets.
Digital wallet with prepaid debit card allowing for recharge, bill payment, money transfer.
Rental office of 1,500 Sq Ft.
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Earlier than 15 daysManager, Shipping, Dubai, Corporate Investor / Buyer connected with the Business
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Earlier than 15 daysFounder & Director, Software Development, Jhunjhunu, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysTechnical Partner, EduTech, Richardson, Individual Investor / Buyer connected with the Business