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Payment Services Company Seeking Loan in Colombo, Sri Lanka

Mobile app providing services for payment, mobile recharge, movie tickets, etc. seeks funding.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries Payment Services + 1 more
Locations  Colombo
Local Time 8:34 PM Asia / Colombo
Listed By Management Member
Status Moderately Active
Overall Rating
Seeking Loan
USD 600 thousand for 10.0% annual interest, 6 years (Native Currency: LKR 120,000,000)
Reason: To launch the product.
Collateral Available: USD 600 thousand
Includes physical assets worth USD 75 thousand
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Business Overview

- It is an app used for mobile recharge, movie ticketing, e channeling for doctors appointment.

- The app will provide services only in Sri Lanka.

- It will be used by both Android and iOS users.

- Have entered into an agreement with Hutch, Etisalat, Mobitel, Airtel, Echannelling PLC, Srilankan Telecom, M Cash for Postpaid and prepaid recharge.

-. Have tie ups with 100 corporate and health institutions for doctors appointment.

- Revenue model: Reload charges on wallet for max @ 5 %,

For e ticketing @ 10%

- Have already started promotional events across the place.

- App is available as a free download at the moment.

- Official launch the app is planned in May 2018.

Products & Services Overview

- Mobile Application for wallet payment & payment gateway, doctor appointments, Movie tickets, Mobile prepaid, postpaid, DTH, Utility payments.

Facilities Overview

Rented of 2,450 Sq Ft, two floors which includes 1,300 Sq Ft of call centre & Technology centre.

Recent Activity
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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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