FinTech Businesses Seeking Loan

Results 1 - 8 of 8 - FinTech Businesses Seeking Loan. Lend to a FinTech or a Financial Website Business.

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FinTech Company Seeking Loan in Tallinn, Estonia

Licensed entity providing secured funding to underbanked or unbanked microentrepreneurs and SMEs.
- Loans and savings association that operates under the Swedish law on economic associations and is licensed by the Financial Intelligence Unit of Estonia. - We have a presence in Estonia, Sweden, and Brazil. - We started operations in 2020 with good results despite the challenging circumstances. - We provide secured business and SME loans, and also accept deposits in the form of Stablecoins (cryptocurrency). - Loan amount ranges from EUR 75 to EUR 7,000 for SMEs, and from EUR 50,000 to EUR 100,000 for large businesses. We charge monthly interest ranging from 3-5% for all business loans. - Have dispersed loans of up to EUR 1 million in total. - For cryptocurrency deposits, we pay annual interest ranging from 5-14%. - Have well-established relationships with a few yet reliable corporate clients. - Online business with limited operating expenses. We plan to launch our mobile applications soon to enable easier access to users.
9.0   Tallinn
Run Rate Sales
USD 300 thousand
EBITDA Margin
40 %
Business Loan
USD 240 K at 18%
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FinTech Company Seeking Loan in Najjera, Uganda

Credit finance company with a proprietary B2C lending application linking pre-qualified borrowers to financers.
- Uganda based finance company that has been operational for over 5 years. - We grossed UGX 60m in 2018 but due to an extremely high cost of capital finance, we nonetheless netted a loss. - We have successfully developed in-house the first of its kind (in Uganda) B2C and P2P mobile lending application system that is designed to reduce our costs of operation by far while increasing the client base and convenience. We intend to disburse loans through this platform a first of its kind made by Ugandans-crypto token that has been developed by a sister company. This will not only revolutionize the face of credit in the country but also minimize delinquency by far through the use of smart contracts. - We have up to 20 recurring clients. - We intend to make loans both using ADC and UGX however for the first 3-6 months, it shall be UGX as we affirm the position of ADC in our market. - Use of crypto tokens and currencies in Uganda is still a little limited so we would have to do a little more of sensitization as to the benefits such as much lower transaction costs and higher utility. - Current outstanding loan book is approximately UGX 45 million against a client's land title collateral valued at UGX 200m. However, it would be important to point out that we took a major hit early last year that cost us active operation up until a few weeks ago. Following a gross profit of UGX 60m 2 years ago which nonetheless registered a net loss due to our high cost of finance (10% per month), we decided to, for the first time, take out a bank loan. However, we were, unfortunately, misled by the MDI we approached into what would be a UGX 50m loan whereas we were seeking UGX 150m. This MDI gave us assurance of giving at least UGX 100m but they could not honour the commitment later. This set us on a path of downfall which had us mostly repaying them. This chocked out all our active lending operations. - Business owes UGX 60 million including the MDI loan whose balance is 30m to creditors. - In the past 2 weeks we have finally secured amount of UGX 2.5m of which UGX 700 thousand has already been disbursed in new loans at an average 15% per month to local small business (graphics and printery company). Another UGX 450,000 is just about to be disbursed to a confectionery micro-business seeking to expand its operations. - From our direct lending operations and online credit platform, we earn through the following revenue streams: A. Interest charged against direct loans using our various products (10-20% per month which we strive to lower as our capital portfolio increases-this is why we sought out the MDI loan that unfortunately didn't go well) B. Applications fees (30-50K per applicant on a case-to-case basis) C. Processing fees (3-5% of approved loan sum) D. Late fees (0.1-0.35% of outstanding principal balances upon default) E. A 3-5% service fee charged against approved principle sums from registered lenders to matched pre-qualified borrowers (payable by the borrowers) F. A 10-20% commission charged against interest receivable by lenders upon repayment by borrowers (depending on whether we or the lender maintains custody of the borrower's collaterals) G. Applications fees (UGX 30,000 quarterly) - We lend our own money as registered lenders ourselves but also charge commissions and service fees on lenders interest and borrowers principles respectively. - Before our setback last year, we had made up to 91 loans at our peak. However this year, we have so far made 2 loans with 1 in assessment stage (confectionery) - 57% of the loans we made have been successfully recovered. - The directors are also co-directors at a business accelerator / young venture capital company in the making based in Uganda that has 9 other young high growth potential businesses in 9 different businesses all of which together with their clientele are a major potential market for enabling finance's loan products. - We sought out a microfinance loan early last year in an attempt to lower our cost of finance and reduce/transfer some of our liabilities however due to a lack of transparency and honesty on the bank's side and limited credit finance experience on our side (we only lent and not borrowed by then), this did not work out too well and left us in a bad place where we were only able to offset some the intended liabilities and remained with no working capital to execute our new and improved systems. Upon COVID-19, we as with many others were allowed a 2-month repayment holiday that expired in August. Presently, through our efforts in pushing out new service, we now have as lending partners Finance Trust bank, Post Bank Uganda, Top Finance bank and a number of local money lenders including platinum credit even though not documented. Over just the past 3 weeks, we have been engaged by credible borrowers seeking a combined total of UGX 2.610B. These especially the larger clients haven't yet been matched to lenders due to a rather lengthy and frankly not so competitive processing period that is typical to larger financers such as our bank partners above. The vision would be for us to have finance partners who upon receiving our assessment of a potential client, are able to quickly perform their necessary verifications and have the client approved or otherwise for finance within 3-10 working days depending on the principle sum in question. - There are so many credible borrowers in Uganda and Africa at large that are able to afford a wide range of interest repayment (3-15% per month) if only they are able to acquire a financier that is able to understand their vision and present situation and craft a repayment plan accordingly.
Credit finance company with a proprietary B2C lending application linking pre-qualified borrowers to financers.
7.6   Najjera
Run Rate Sales
USD 16 thousand
EBITDA Margin
16 %
Business Loan
USD 38 K at 18%
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FinTech Company Seeking Loan in Athens, Greece

Business has developed an automated and semi-automated trading software for FX portfolio owners.
- Business is registered in the UK and operates in Greece. - We have developed MQL5 script-based automated and semi-automated trading software for FX portfolio owners. - Software is developed in-house. - Have 35 clients and our clients are FX portfolio owners in Greece. - We offer expert advice on the MT4 platform which is going to be consumed by our clients who are retail traders in FX Markets. The software commits technical trading in fully automated mode. - We guide the clients on how to monitor algorithm performance through their own FX account through our multi-account module and we help our clients generate profit. - We have gained popularity due to word of mouth marketing. - Mean growth rate per year is 9 clients per portfolio. - Our software has been back-tested for more than 3 years. - We generate revenue by charging a commission on the client's success rate. We charge 20-30% commission on the net profit. - Owner is from the UK but runs the business in Greece. Have plans to open another branch office in the UK soon. - Company has all the required documents and licenses to operate the business. - Promoter has more than 10 years of experience in this field. - Physical assets include servers, computers and furniture.
Business has developed an automated and semi-automated trading software for FX portfolio owners.
7.8   Athens
Run Rate Sales
USD 120 thousand
EBITDA Margin
34 %
Business Loan
USD 210 K at 10%
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Training Institute Seeking Loan in Bangalore, India

Company offers live stock market training to high net worth individuals through 3 courses.
- We provide training to individuals looking to gain a better understanding of the equity stock market. - Our courses are taught on the live equity market so as to ensure the highest level of practical learning. - We have 3 courses that range from beginner to ultimate and the prices range from INR 50,000 a month to INR 3,00,000 a month. - The courses are taught on a one to one basis. The client can decide how long to take the course for but we generally recommend a time of 3 to 8 months. - Our main target market is high net-worth individuals and we have trained more than 6 people for our ultimate course since we started. We have also trained around 50 to 60 people for our advanced course and numerous people for our basic course since inception. - Recently we have developed a software which acts as an algorithm based trader and we require funds to develop it further and test it in live equity markets. - The software has been developed completely in-house and would be used to generate profits for the firm through trading in the market. - We are also open to investors who are looking to invest some money into this vertical of the business for a percentage of the profits generated. - Some of the aspects of the software would also be taught to clients who take up our ultimate course for them to better understand the stock trading world. - We also offer account management services. - Promoter has over 12 years of experience in the field of trading and training in the stock market.
6.3   Bangalore
Run Rate Sales
USD 13 thousand
EBITDA Margin
30 %
Business Loan
USD 400 K at 24%
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FinTech Startup Seeking Loan in Cairo, Egypt

Micro-financing for patients to pay for medical services in installments specially for dermatology, dental and bariatrics.
Startup offers financial support to patients who undergo surgery related to dermatology, dental and bariatrics. When a patient visits a clinic, we make the entire payment for the surgery and then the patient pays us back in installments within 12 months. We have established tie-ups with clinics in Egypt who promote our service to the patients. Since we are a startup, we promote our brand and financial services through social media marketing and cold calls. We do not require any special regulatory approval / license to conduct our business activity. Before offering our financial support to a patient, we do a complete background verification and legal checks including income, bank balance, identity and address. We sign a legal agreement with each patient. Since inception, we have received enquiries from 100 patients of which 4 patients have used our financial service. We currently have 30 clinics in our network but our business has the potential to on-board more than 2,000 clinics. We are currently managing the entire operations manually and are in the process to develop a mobile app to streamline the operations. In order to generate revenue, patients as well as the clinics are charged 10-20% commission. In addition, clinics are also charged a yearly subscription fee. Our startup is yet to be registered. We are currently billing customers in the parent company's name. After raising funds, we would register the startup under a new legal entity. Founder of the business has 5 years of experience in software and healthcare industry. We have raised capital of more than USD 150K.
Micro-financing for patients to pay for medical services in installments specially for dermatology, dental and bariatrics.
8.4   Cairo
Run Rate Sales
USD 240 thousand
EBITDA Margin
30 %
Business Loan
USD 100 K at 12%
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FinTech Business Seeking Loan in Bangalore, India

Business having developed a taxation software used by over 1,500 users.
- Business having developed a taxation software, based in Bangalore. - The software is used by tax professionals and companies. It helps tax professionals to keep track of their clients financial records and the software directly computes tax amounts based on the information provided. - We charge a one time fee to a new client and an annual maintenance charge. - Have over 1,500 users of this software, out of which 350 are regular users. - We are looking to set up 5 new offices in Bangalore. - Physical assets include office setup. Office space is not owned by the business.
7.1   Bangalore
Run Rate Sales
USD 40 thousand
EBITDA Margin
40 %
Business Loan
USD 34 K at 12%
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Profitable FinTech Company Seeking Loan in Manila, Philippines

Profitable, rapidly growing, Financial Services Group (fully licensed) acquiring Bank, needs Growth Capital.
- Financial Services Group: Finance Corporation, Remittance business, Digital Wallet, Banking (under acquisition) - Profitable for 4 years (not burning cash) - Proven business model (4 years) - Fully licensed (Singapore HQ, Philippines operating company) - Rapid growth (doubling in size year on year) - Strong technology platform. - Massive SME borrower demand (large, underserved market) - Strong, experienced management team. - Investment in Singapore parent company, under Singapore law. - Quality investment opportunity (Equity, Debt, or Hybrid)
7.2   Manila
Run Rate Sales
USD 1.4 million
EBITDA Margin
54 %
Business Loan
USD 3.8 Mn at 12%
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FinTech Business Seeking Loan in London, United Kingdom

Business which assists money transfer companies and financial institutions by providing applications needs a loan.
- Business has a platform for financial institutions and money transfer companies that connects network providers with senders / receivers. - Currently, there are 13 exchange houses in the UAE which the business is helping. - It helps these companies with all compliance and other services to facilitate money transfer. - Require investment for an application that allows exchange houses and their end users do all activities except the actual transfer of money. - Owner has 12 years of experience in this industry.
8.0   Dubai
Run Rate Sales
USD 160 thousand
EBITDA Margin
20 - 30 %
Business Loan
USD 270 K at 10%
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    There are 8 active and verified fintech businesses seeking loan listed on SMERGERS as of 15 January 2021.
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