Payment Services Company Investment Opportunity in Nairobi, Kenya

Company empowers SMEs through digitization and financial inclusion seeks funding to expand the business.
This Business is on a Premium Plan
Established
Employees
Legal Entity
Reported Sales
Run Rate Sales USD 440 thousand
EBITDA Margin 33 %
Industries Payment Services
Locations  Nairobi
Local Time 11:00 AM Kenya
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 180 thousand for 40.0% stake (Native Currency: KES 20,000,000)
Reason: Working capital to grow existing revenues and expand our digital payments business offering to meet ... View More
Includes physical assets worth USD 90 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Company Profile
Product
Product Outline
Poster
Certificate
Product Outline
Banking
Application
Business Overview

- Company offering digital payments in Africa and creating a future where payments are a seamless part of everyday life.

- We have technology and distribution is the model we have adopted to give our customers control over payments anytime, anywhere, in any way with anyone.

- Intend to launch a payments platform offering cash and card receipting services in Kenya.

- Have connected with 80 merchants and tied up them.

- The applications are undergoing testing and we expect to launch post-investment.

- Retailers can pay money, receive money, make bill payments, and also apply for loans from the application.

- Revenue model: we charge a commission of 3% on the transaction value.

- Established contracts with 10-15 MNOs, operators, and banks in Kenya.

- Target to connect with a wide range of merchants, suppliers, and supermarkets (small and medium-size companies).

- The platform is specially designed for merchants only.

- A KYC has been set-up for every merchant and after the approval and verification, they will be sent a link and credentials through which they will be able to access the portal.

- Intend to launch mobile applications at a later stage.

- The investment we are seeking is for the new platform which is to be launched.

- The parent company is also an authorized dealer that sells POS terminals and devices. Apart from this work as a payment gateway we also help companies make bulk payments. We are working with 20 small and middle-size companies.

- 70% of the revenue is generated from the payment gateway. 30% is generated from selling the devices.

Products & Services Overview

Payment gateway, API services, digital retailer aggregator web and mobile application, payment hardware sales.

Assets Overview

Assets include furniture, fittings, laptops, computers, and printers,

Facilities Overview
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.
Contact Business
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.
You might also be interested in these businesses

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