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Small FinTech Company Investment Opportunity in Bangalore, India

Innovative patented banking deposit software with 40 more features setting a benchmark in Banking.
This Business is on a Premium Plan
Established 5-10 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales USD 700
Run Rate Sales USD 16 thousand
EBITDA Margin Nil
Industries FinTech
Locations  Bangalore
Local Time 6:42 PM Asia / Kolkata
Listed By Business Owner / Director
Status Active
Overall Rating
Seeking Investment
USD 47 thousand for 10.0% stake (Native Currency: INR 3,500,000)
Reason: We have been onboarded with Yes Bank. We have executed the agreement with Yes Bank and integration h... View More
Includes physical assets worth USD 7 thousand
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Business Overview

We have developed an innovative patented banking deposit software in deposits and core banking and which was curated by 12 banks.

Our software is the first innovation in deposits and core banking and was curated by 12 Banks.

It has set a benchmark in deposits as follows:

It has 40 features more than any deposit product today thus giving many choices to customers.

Our solution is completely configurable and gives the customer immense flexibility.

With our software, there is no stress to ALM and does not violate any regulations.

It combines sweep deposits if the interest rate is the same making reconciliation very easy.

It is the first product in Banking which helps the customer take decisions through simulation.

Integration through APIs and withdrawal through debit cards.

Our software helps banks get more deposits of a bare minimum of ₹ 1,000 Crores per annum, if not more which is over and above the existing deposits.

It also reduces the cost of funds for banks by up to 1% and helps the customer get more value from their deposit up to 1% or more.

Annona has been selected by NASSCOM for virtual incubation.

Our product is launched with 2 POCs completed.

We have got the contract with a major bank and it is being integrated into the product. Have other banks in the pipeline.

Products & Services Overview

Banking Software - Innovative patent applied for flexible deposits.

Supply chain finance.

Assets Overview

Laptops, printers, chairs, tables, RO plant, and IP.

Facilities Overview

1,500 Sq Ft rented office. 2nd floor, front road facing.

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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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