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Private Bank Investment Opportunity in Lagos, Nigeria

We are a currency exchange company that makes it easy for people to trade Fx.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Limited Liability Company (LLC)
Reported Sales USD 1.8 million
Run Rate Sales USD 1.8 million
EBITDA Margin 0 - 10 %
Industries Private Banks
Locations  Lagos
Local Time 6:56 PM Africa / Lagos
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 10 million for 40.0% stake (Native Currency: USD 10,000,000)
Reason: A few months ago, The Central Bank of Nigeria (CBN) increased the capital requirements for Bureau De... View More
Includes physical assets worth USD 40 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Not disclosed
User Verification
Documents
Business Overview
A licensed foreign currency exchange business with over five years of experience in Lagos, Nigeria, has revolutionized the traditional foreign currency exchange market with the launch of our innovative mobile app. This game-changing platform enables individuals/Companies to buy and sell foreign currencies like USD, GBP, and EUR from anywhere in Nigeria which is something that currently doesn’t exist, marking a significant transformation in the way foreign exchange transactions are conducted in the country.
The business has a loyal customer base of over 3500 individuals and businesses in Nigeria.
With a strong physical presence and commitment to innovation, the company is poised for exponential growth and expansion.
- The company has processed over $100,000,000 in FX sales since its inception and this have significant increased with the launch of the mobile app.
- The revenue model is based on a 1% return on every FX transactions, with an average of 60-100 clients per week.
- The company holds a license from the Central Bank of Nigeria (CBN).
-The company have now partnered with the biggest payment processor in Africa to make transactions faster and seamless.
- Has 12 permanent employees, in addition to temporary employees under various roles such as digital graphics team.
We offer a compelling investment opportunity for those seeking to tap into the vast potential of Africa's first online foreign currency exchange (Bureau De Change) platform that makes currency exchange easy and accessible to everyone.
Products & Services Overview
A licensed foreign currency exchange (FX) platform revolutionizing the way people buy and sell foreign currencies in Nigeria.
Proudly offer the first seamless online experience, allows individuals and businesses to exchange USD, Pounds, and Euros at competitive rates from anywhere.
Our cutting-edge online platform provides unmatched convenience, catering to a diverse customer base including tourists, travel agencies, investors, corporate companies, Forex and cryptocurrency traders, entrepreneurs, freelancers, religious organizations, importers, and exporters e. t. c.
Assets Overview
Physical assets are:
Mobile application (available on Apple and google store)
10 laptops.
2 safe for keeping cash Fx.
2 fake money currency detection and cash counting machines.
2 Toyota cars for cash delivery and marketing.
Facilities Overview
Currently operating from a leased office space in VGC.
Lagos, Nigeria.
Capitalization Overview
Headquartered in Lagos, The profits from the business is able to fund itself, pay staffs salaries, office weekly and monthly bills.
There are 2 owners/shareholders in the company. With a 60-40 share split.
Recent Activity
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Contact Business
1 Investor contacted this Business this month. Register below to connect now!
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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