Payment Services Company Investment Opportunity in Surat, India
Business planning on providing prepaid card which gives instant 100% cashback on every transaction.
| Established | 1-5 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | Nil |
| Run Rate Sales | Nil |
| EBITDA Margin | Nil |
| Industries | Payment Services |
| Locations | Surat |
| Local Time | 9:30 PM Asia / Kolkata |
| Listed By | Business Owner / Director |
| Status | Moderately Active |
Partial Stake Sale
USD
117 thousand
for
5.0%
stake
(Native Currency: INR 10,000,000)
Reason: Funds are required to pre-launch the service and gather up to 10K retailers and 2 lakhs+ cardholders...
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Interested to connect with advisors
Documents
ROC-Verification.pdf
(73.7 KB)
Business Overview
- We are a ROC-certified firm planning to provide payment services, in talks to co-partner with ICICI Bank Ltd.
- Currently, the business is in the planning stage and has many types of proof of concept.
- Aim at providing the best solution to the Indian middle-class and youngsters.
- We are in talks to tie-up with ICICI Bank and launch a prepaid card.
- Customers will receive an instant 100% cash back on every transaction up to a limit that they subscribe to. The limit is set for a per monthly basis.
- We have a projection report that shows a hopeful turnover of INR 7,000 crore business by the end of 2 years.
- Will provide post devices to retailers to swipe our cards only.
- Revenue generation will be through subscriptions, and an 18% commission is charged to retailers on every swipe.
- Business operations will start in 6-7 months after the investment is received.
- Currently, the business is in the planning stage and has many types of proof of concept.
- Aim at providing the best solution to the Indian middle-class and youngsters.
- We are in talks to tie-up with ICICI Bank and launch a prepaid card.
- Customers will receive an instant 100% cash back on every transaction up to a limit that they subscribe to. The limit is set for a per monthly basis.
- We have a projection report that shows a hopeful turnover of INR 7,000 crore business by the end of 2 years.
- Will provide post devices to retailers to swipe our cards only.
- Revenue generation will be through subscriptions, and an 18% commission is charged to retailers on every swipe.
- Business operations will start in 6-7 months after the investment is received.
Products & Services Overview
- We plan on providing a prepaid card to customers to make payments and get cash backs. Customers will have to open an account, deposit money, and make transactions.Load the money into a card swipe anywhere at our merchants and get instant 100% cashback on every transaction.
Max limit of cashback is INR 25K per month.
Our card memberships give different types of cashback limits to the cardholders.
Withdraw money from the card at any ATM anytime.
Assets Overview
The business does not have any physical assets yet.
Facilities Overview
We have rented office of 150 square feet in Mota Varachha, Surat.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysExecutive Director, New Delhi, Financial Consultant connected with the Business
Tags:
Newly Established Payment Services Company Investment Opportunity in Surat, India
·Invest in Newly Established Payment Services Company in Surat, India
·Newly Established Payment Services Company Investment Opportunity
·Invest in Newly Established Payment Services Company
·Investment Opportunity in Surat, India
·Invest in Surat, India
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