Profitable Payment Services Business for Sale in Sydney, Australia
Money transfer company servicing Filipino immigrants in Australia wanting to send money to the Philippines.
This transaction has concluded.
Premium Plan
| Established | 10-20 year(s) |
| Employees | 10 - 50 |
| Legal Entity | Other |
| Reported Sales | USD 830 thousand |
| Run Rate Sales | USD 540 thousand |
| EBITDA Margin | 25 % |
| Industries | Payment Services |
| Locations | Sydney |
| Local Time | 10:38 AM Australia / Sydney |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
1.1 million
(Native Currency: AUD 1,700,000)
Reason: Owner is not interested in continuing in this industry.
Includes physical assets worth
USD
560 thousand
Interested to connect with advisors
Documents
Business Valuation
(123.1 KB)
2016 Company Tax Return
(2.1 MB)
2017 Company Tax Return
(2.4 MB)
Domain-Verification.pdf
(213.2 KB)
Registration
(356.6 KB)
Business Overview
- Business provides money transfer & foreign exchange services and started operating at the end of 2014.
- Company caters for customers in Australia needing to send money to the Philippines.
- Company facilitates AUD to PHP foreign exchange and money transfer.
- We have over 18,000 registered customers with unique email address and verified Australian mobile number. These customers are IDed and KYCed as per the regulators (AUSTRAC)
- We do over 5,000 transactions ranging from AUD $6 million to AUD$11 million per month.
- We have API based inhouse web and mobile applications (Android & iOS).
- Business holds independent remittance license in Australia & holds Forex Trading and Remittance license in the Philippines.
- We have an existing and stable contract with 2 of the largest banks in the Philippines.
- Director of the company is well integrated within the Filipino community in Australia.
- Potential to expand and service other immigrant communities in Australia (India, Indonesia, Vietnam)
- Company caters for customers in Australia needing to send money to the Philippines.
- Company facilitates AUD to PHP foreign exchange and money transfer.
- We have over 18,000 registered customers with unique email address and verified Australian mobile number. These customers are IDed and KYCed as per the regulators (AUSTRAC)
- We do over 5,000 transactions ranging from AUD $6 million to AUD$11 million per month.
- We have API based inhouse web and mobile applications (Android & iOS).
- Business holds independent remittance license in Australia & holds Forex Trading and Remittance license in the Philippines.
- We have an existing and stable contract with 2 of the largest banks in the Philippines.
- Director of the company is well integrated within the Filipino community in Australia.
- Potential to expand and service other immigrant communities in Australia (India, Indonesia, Vietnam)
Products & Services Overview
Money Transfer to the Philippines & Foreign Exchange.
Facilities Overview
We are 100% online business & registered office is located in Sydney Australia. The outsourced team is located in the Philippines.
Capitalization Overview
Not Disclosed
Recent Activity
-
Earlier than 15 daysCEO, Financial Services, Melbourne, Corporate Investor / Buyer connected with the Business
-
Earlier than 15 daysAdvocate, Hyderabad, M&A Advisor connected with the Business
-
Earlier than 15 daysCEO & Portfolio Manager, Dallas, Financial Consultant connected with the Business
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