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FinTech Company Investment Opportunity in Brisbane, Australia

Global cash remittance for deposit, transfer & withdraw cash platform seeking investment.
This Business is on a Premium Plan
Established 1-5 year(s)
Employees 10 - 50
Legal Entity Private Limited Company
Reported Sales Nil
Run Rate Sales USD 800 thousand
EBITDA Margin 40 %
Industries FinTech
Locations  Brisbane
Local Time 6:54 PM Australia / Brisbane
Listed By Business Owner / Director
Status Moderately Active
Overall Rating
Partial Stake Sale
USD 650 thousand for 10.0% stake (Native Currency: AUD 1,000,000)
Reason: We are seeking additional funding to hire more developers to add more features to the app.
Includes physical assets worth USD 50 thousand
Interested to connect with advisors
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Business Name
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Pitch Deck
Logo
Mobile App
Mobile App
Mobile App
Mobile App
Mobile App
Mobile App
Website
Business Overview

- We have recently partnered with a distributed commodities trading platform; in order for us to provide settlements to their clients without bank accounts.

- Currently catering to one client.

- Since we launched the product this year, the revenue generation started recently.

- We are always adding new features & revenue streams.

- Our revenue model is based on deposits in our network. The client will deposit the cash in our network and we generate revenue by charging interest.

- Around 10,000 transactions happen on a daily basis.

- The business has a financial regulatory license.

Products & Services Overview

Versatile financial platform available on both iOS and Android, as well as accessible through its website. Functioning as both a mobile application and an internet-based service, the product facilitates seamless transactions globally. Notably, it extends its reach beyond digital channels, offering a phone network and SMS platform for users to deposit, transfer, and withdraw funds from anywhere in the world. What sets the product apart is its unique user-driven model, empowering individuals to act as virtual bank tellers for others, and fostering financial inclusivity by enabling convenient and secure financial interactions on a global scale.

Assets Overview

Tangible- include only office equipment, tables, desks and laptops.

Intangible- Android mobile application.

IOS mobile application.

Web platform.

Proprietary technology.

Registered trademarks.

Relevant domain names.

Logo & branding.

Facilities Overview

The company has a main office in Brisbane, with employees & contractors working remotely around the world. It is a rented office.

Capitalization Overview

- Self-funded through investments from our founder.

- No debt.

- 1 Shareholder.

Recent Activity
  • Earlier than 15 days
    Proprietor, Gurgaon, Commercial Real Estate Broker connected with the Business
  • Earlier than 15 days
    Managing Director, Delhi, Commercial Real Estate Broker connected with the Business
  • Earlier than 15 days
    Executive Director, New Delhi, Financial Consultant connected with the Business
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5 Investors already contacted this Business.
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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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