Profitable FinTech Startup Investment Opportunity in Cairo, Egypt

Startup helping non-banking patients to pay for medical services in installments specially for dermatology, dental and bariatrics.
This Business is on a Premium Plan
Established From
Employees
Legal Entity
Reported Sales
Run Rate Sales
USD 72 thousand
EBITDA Margin
30 %
Industries
Locations
Local Time
7:38 PM Egypt
Listed By
Business Owner / Director
Status
Active
Overall Rating
Seeking Investment
USD 500 thousand for 25.0% stake (Native Currency: USD 500,000)
Reason: Scaling business and increasing revenue.
Includes physical assets worth USD 100 thousand
Interested to connect with advisors
Name, Phone, Email
Available after connect
Business Name
Available after connect
User Verification
Documents
Logo
Pitch deck
Business Overview

Startup offers financial support to patients who undergo surgery related to dermatology, dental and bariatrics. When a patient visits a clinic, we make the entire payment for the surgery and then the patient pays us back in installments within 12 months. We have established tie-ups with clinics in Egypt who promote our service to the patients. Since we are a startup, we promote our brand and financial services through social media marketing and cold calls. We do not require any special regulatory approval / license to conduct our business activity.

Before offering our financial support to a patient, we do a complete background verification and legal checks including income, bank balance, identity and address. We sign a legal agreement with each patient. Since inception, we have received enquiries from 100 patients of which 4 patients have used our financial service. We currently have 30 clinics in our network but our business has the potential to on-board more than 2,000 clinics.

We are currently managing the entire operations manually and are in the process to develop a mobile app to streamline the operations. In order to generate revenue, patients as well as the clinics are charged 10-20% commission. In addition, clinics are also charged a yearly subscription fee.

Our startup is yet to be registered. We are currently billing customers in the parent company's name. After raising funds, we would register the startup under a new legal entity. Founder of the business has 5 years of experience in software and healthcare industry. Business owned assets include office, computers, laptops, furniture and systems.

Products & Services Overview

Providing financial support to patients who undergo cosmetic operations.

Facilities Overview
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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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