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Payment Services Company Investment Opportunity in Chennai, India

Fintech company that provides digital wallets affiliated with 80+ eCommerce portals and 50+ offline merchants.
This transaction has concluded.

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
Overall Rating
Partial Stake Sale
USD 600 thousand for 20.0% stake (Native Currency: INR 50,000,000)
Reason: Funding required for software upgrades, business development and marketing.
Interested to connect with advisors
Documents
Business Overview

- 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.

Products & Services Overview

Digital wallet with prepaid debit card allowing for recharge, bill payment, money transfer.

Facilities Overview

Rental office of 1,500 Sq Ft.

Capitalization Overview
Not Disclosed
Recent Activity
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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.

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