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Web & Mobile Development Company Seeking Loan in Colombo, Sri Lanka

Colombo based firm offering custom application, web, and mobile application development services.
This transaction has concluded.

Established 5-10 year(s)
Employees 2 - 5
Legal Entity Private Limited Company
Reported Sales USD 22 thousand
Run Rate Sales USD 32 thousand
EBITDA Margin 8 %
Industries Enterprise Software + 1 more
Locations  Colombo
Local Time 5:46 PM Asia / Colombo
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Seeking Loan
USD 100 thousand for 8.0% annual interest, 3 years (Native Currency: USD 100,000)
Reason: The funds will be used to develop our own enterprise software solution for managing and improving th... View More
Collateral Available: USD 10 thousand
Includes physical assets worth USD 10 thousand
Business Overview

- Offer custom application, web, and mobile application development services.

- Have completed around 90 projects so far of which around 80 were applications for Android platforms.

- Primarily offer services to SME businesses in Sri Lanka.

- Have around 15 regular clients.

- Intend to develop our own enterprise solution for supply chain management.

- Promoter has 9 years of experience in the IT solutions space and has worked on developing multiple enterprise solutions for F500 clients.

Products & Services Overview

Web and mobile application development, custom application development, enterprise software development.

Facilities Overview

Leased office space of 1,800 sq. ft. Monthly lease rent of LKR 30,000 (USD 165)

Capitalization Overview
Not Disclosed
Recent Activity
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This transaction has concluded. View similar business opportunities on SMERGERS
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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