Profitable Payment Services Company for Sale in Toronto, Canada
Foreign currency exchange and remittance POS software with web/mobile apps serving Money Services Businesses.
Premium Plan
| Established | 30-40 year(s) |
| Employees | 2 - 5 |
| Legal Entity | Private Limited Company |
| Reported Sales | USD 300 - 400 thousand |
| Run Rate Sales | USD 430 thousand |
| EBITDA Margin | 30 - 40 % |
| Industries | Payment Services + 1 more |
| Locations | Toronto |
| Local Time | 6:41 AM America / Chicago |
| Listed By | Business Owner / Director |
| Status | Active |
Full Sale
Asking Price:
USD
1.43 million
(Native Currency: CAD 2,000,000)
Reason: Owner is looking to retire but willing to stay on as long as necessary to help the new owner to tran...
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Includes physical assets worth
USD
21.5 thousand
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Business Overview
- Software company headquartered in Canada, with business operations based in Toronto.
- Developer of a foreign currency exchange and money remittance software for Money Services Businesses (MSBs).
- Our platform includes online mobile applications, enabling MSB customers to trade or transfer money seamlessly.
- Integrated with online payment processors, supporting debit/credit cards, ACH, e-Transfer, and other country-specific payment methods.
- Currently serving 11 active clients, ranging from large agent networks to small and medium-sized operations.
- Our business generates recurring revenue through annual license and maintenance agreements, with almost zero churn and long-term client relationships exceeding 10 years.
- Sales and profits have remained stable over the last 5 years, with minimal sales growth due to limited marketing efforts.
- The company has no outstanding debts and maintains a positive cash flow.
- Developer of a foreign currency exchange and money remittance software for Money Services Businesses (MSBs).
- Our platform includes online mobile applications, enabling MSB customers to trade or transfer money seamlessly.
- Integrated with online payment processors, supporting debit/credit cards, ACH, e-Transfer, and other country-specific payment methods.
- Currently serving 11 active clients, ranging from large agent networks to small and medium-sized operations.
- Our business generates recurring revenue through annual license and maintenance agreements, with almost zero churn and long-term client relationships exceeding 10 years.
- Sales and profits have remained stable over the last 5 years, with minimal sales growth due to limited marketing efforts.
- The company has no outstanding debts and maintains a positive cash flow.
Products & Services Overview
- Our foreign currency exchange and remittance software supports the day-to-day operations of Money Services Businesses (MSBs), from large agent networks to small and medium-sized operations.- The platform enables MSB customers to book foreign exchange trades or transfer money online, with payment options including debit/credit cards and country-specific methods.
- It also integrates with third-party compliance systems to ensure robust regulatory oversight and tighter compliance control.
Assets Overview
Tangible assets:- Mainly R&D computers and tools.
Intangible assets would include all software developed and owned by the company.
Facilities Overview
As most of our clients are located outside Canada, we do not require a large physical office, and our team operates remotely.We don't own any office space.
Capitalization Overview
The company is debt free. The owner has provided 100% of the funding for all research and development costs over the years.
Recent Activity
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5 days, 2 hours agoFounding Partner, New York City, Investment Bank connected with the Business
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1 week, 5 days agoDirector, Customer Services, Toronto, Individual Investor / Buyer connected with the Business
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Earlier than 15 daysBusiness Development Manager, Food And Beverage Manufacturer, York, Individual Investor / Buyer connected with the Business
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