Payment Services Startup Investment Opportunity in Kuwait City, Kuwait

Mobile app allowing users to avail special discount at stores, having over 400 paid users.
This Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 12 thousand
EBITDA Margin
28 %
Industries
Payment Services + 1 more
Locations
Local Time
9:45 AM Kuwait
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Investment
USD 320 thousand for 50.0% stake (Native Currency: KWD 100,000)
Reason: For marketing.
Includes physical assets worth USD 16 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Business Overview

- A mobile app allowing customers to avail special discounts at stores, based in Kuwait.

- Our business is registered in UAE, but we are operating in Kuwait. It is easier to register businesses in UAE.

- Customers can avail special discounts at restaurants, cafes, retail stores, clinics.

- Currently have 130 stores listed on our application.

- We charge our customers KD 5 per year to avail these discounts.

- Have over 400 paid users.

- After 2 years we intend to begin charging the businesses listed on our application a yearly subscription fees as well.

- We began operations late last year, hence the revenue we have generated is not very significant.

- We are valuing the business at KD 200k as we expect the the business to increase strongly as a result of our marketing campaigns. We expect to have over 5,000 paid customers by the end of this year.

- Business does not own any large physical assets.

Products & Services Overview

Mobile application allowing customers to avail special discounts at restaurants, cafes, retail stores, clinics.

Facilities Overview
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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