Payment Services Company Seeking Loan in Lucknow, India
Payment services firm with contracts for digital wallet services, and UPNEDA tie-up for solar projects.
| Established | 1-5 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 180 thousand |
| Run Rate Sales | USD 140 thousand |
| EBITDA Margin | 10 % |
| Industries | Payment Services + 1 more |
| Locations | Lucknow |
| Local Time | 7:03 PM Asia / Kolkata |
| Listed By | Management Member |
| Status | Moderately Active |
Seeking Loan
USD
120 thousand
for
10.0%
annual interest,
2
years
(Native Currency: INR 10,000,000)
Reason: Our unique approach to payment services and green energy has already begun to gain popularity, and w...
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Collateral Available: USD 240 thousand
Includes physical assets worth
USD
360 thousand
Interested to connect with advisors
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Business Name
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User Verification
Documents
GST Registration Certificate
(220.7 KB)
ROC-Verification.pdf
(65.7 KB)
Business Overview
- The business is a payment services company based out of Lucknow.
- The company has a contract with Uttar Pradesh Power Corporation Limited (UPPCL) for bill collection across Uttar Pradesh and has 5,000+ agents who use the bill payment services.
- The company has an agreement with the Bharat Bill Payment System to provide its services.
- The company sales went down last year as our bill payment and digital wallet services contracts were cancelled with the bank.
- Now we have contracts with Yes Bank and ICICI Bank for corporate credit cards.
- The business's main revenue is generated through our payment services and now we are seeking a loan to support our expansion into solar installation in residential buildings.
- We have a strategic tie-up with Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA) for the installation of solar panels in residential buildings, demonstrating a commitment to sustainable energy solutions.
- We will be the first company in Uttar Pradesh to have a contract with both UPNEDA and UPPCL giving us a competitive edge.
.- We have already received 250 preorders worth INR 45 lakh and will get more.
- The promoter has 3 Years of experience in The payment services industry.
- We are a duly compliant company with all the necessary certificates and licenses.
- The company has a contract with Uttar Pradesh Power Corporation Limited (UPPCL) for bill collection across Uttar Pradesh and has 5,000+ agents who use the bill payment services.
- The company has an agreement with the Bharat Bill Payment System to provide its services.
- The company sales went down last year as our bill payment and digital wallet services contracts were cancelled with the bank.
- Now we have contracts with Yes Bank and ICICI Bank for corporate credit cards.
- The business's main revenue is generated through our payment services and now we are seeking a loan to support our expansion into solar installation in residential buildings.
- We have a strategic tie-up with Uttar Pradesh New & Renewable Energy Development Agency (UPNEDA) for the installation of solar panels in residential buildings, demonstrating a commitment to sustainable energy solutions.
- We will be the first company in Uttar Pradesh to have a contract with both UPNEDA and UPPCL giving us a competitive edge.
.- We have already received 250 preorders worth INR 45 lakh and will get more.
- The promoter has 3 Years of experience in The payment services industry.
- We are a duly compliant company with all the necessary certificates and licenses.
Products & Services Overview
The business provides:- Digital wallets, prepaid cards, bill payment services, mobile recharge, green energy (solar installation).
Currently, we are a B2B platform and are in the works to launch our B2C services.
- We also have a tie-up with UPNEDA (Uttar Pradesh New & Renewable Energy Development Agency) to install solar panels to generate electricity in residential buildings.
Assets Overview
The tangible assets of the business are.- 100 laptops worth INR 20 lakh, 100 printers worth INR 10 lakh, and a BMW car worth INR 20 lakh.
- A godown worth INR 1 crore, 3 x plots of total area 6,000 sq. ft. worth INR 1 crore, and a building worth INR 50 lakh.
- All the above-mentioned assets are crucial for our operations and cannot be liquidated which is why we are seeking an external loan for the expansion.
Facilities Overview
We have rented 2 offices in Gomti Nagar, Lucknow of area 500 sq. ft. each and incurs a total rent of INR 70,000.
Capitalization Overview
The business is self-funded and has no loan. There are 2 shareholders with a 90-10 stake.
Tags:
Payment Services Company Seeking Loan in Lucknow, India
·Solar Projects Company Seeking Loan in Lucknow, India
·Lend to Payment Services Company in Lucknow, India
·Lend to Solar Projects Company in Lucknow, India
·Payment Services Company Seeking Loan
·Solar Projects Company Seeking Loan
·Lend to Payment Services Company
·Lend to Solar Projects Company
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