Profitable IT Services Company Investment Opportunity in Manila, Philippines

- 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.

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

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.