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Profitable IT Services Company Investment Opportunity in Manila, Philippines

Company specializing in AI-enabled solutions and smart car algorithms having 2 clients, seeks funding to improve infrastructure.

Established 1-5 year(s)
Employees 5 - 10
Legal Entity C Corporation
Reported Sales USD 80 - 90 thousand
Run Rate Sales USD 900 thousand
EBITDA Margin 20 - 30 %
Industries IT Services
Locations  Manila
Local Time 12:29 AM Asia / Manila
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 250 thousand for 10.0% stake (Native Currency: USD 250,000)
Reason: Seeking funds to set up an R&D facility and a bigger office space.
Includes physical assets worth USD 15 thousand
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Business Name
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Business Overview

- Business specializes in AI-enabled solutions such as facial recognition, OCR, penetration testing, bank wallet, and algorithms for smart cars.

- Have two existing clients in banking and logistics space - CIMB and ADNI respectively. We are having ongoing discussions with a Malaysian real estate company for developing a smart real estate platform.

- Revenue model: We work with our clients on a yearly subscription basis based on the number of users.

- We are currently developing an AI platform based on deep reinforcement learning for application in fields such as robotics and automation, and need funds to set up an R&D facility.

- Promoter has over 25+ years of industry experience.

- We generated lower revenue last year as we only started operations towards the end of the year.

- Our projection for the year is USD 900K. Post-development of our AI platform, our target annual revenue in next 3 years is USD 6M.

- Business owned assets include computers, network & office equipment.

Products & Services Overview

OCR, Facial Recognition, Smart Vehicle Algorithm, eKYC, Bank Wallet.

Facilities Overview

We are renting a 72 sq mt space but once we get the investment, we plan to move to a 1,000 sq mt facility for R&D and to host our employees.

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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