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FinTech Startup Investment Opportunity in Hope Bay, Jamaica

Fintech company developing a superapp allowing users to conduct daily business transactions at their fingertips.
This Business is on a Premium Plan
Established 0-1 year(s)
Employees < 2
Legal Entity Limited Liability Company (LLC)
Reported Sales Nil
Run Rate Sales Nil
EBITDA Margin Nil
Industries FinTech
Locations  Hope Bay
Local Time 6:17 AM America / Jamaica
Listed By Business Owner / Director
Status Active
Overall Rating
Partial Stake Sale
USD 320 thousand for 15.0% stake (Native Currency: JMD 50,000,000)
Reason: The investment can be in the form of a loan to the company or the purchase of an equity stake. The f... View More
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Business Overview

- We are a startup company, however, we have started the app development using our own skillsets and resources.

- The total transaction value in the digital payments segment in Jamaica was USD 885.59 million in last year and is projected to reach USD 972.40 million this year.

- So this can be a very lucrative business if marketed properly, especially with the direction in which the world is going.

- The business has 9 employees who have full-time jobs in other companies, they are working in the IT and technical departments, finance, and marketing departments of the business. They will soon leave their jobs once the business receives funding.

- We have currently signed up 4 entities for the platform.

- The business makes money through the payments made through its software. We will be charging a percentage commission per transaction.

- Our team is highly skilled and they are currently working at the top-most organizations in the world.

Products & Services Overview

We are building a super app that facilitates:

Bill payment services.

Instantaneous transfer of funds irrespective of the time of day or bank.

Payments at POS using a phone (NFC/ QR code scanning)

Payment services on websites and in apps.

Access to travel and transportation services.

Access to food & delivery services.

Access to medical services.

Assets Overview

The prototype of the app and website.

Facilities Overview

We will be operating virtually, however, we will have a registered corporate address where meetings can be held from time to time. The business is currently registered in Portland, Jamaica, and the headquarters will soon be moved to Kingston.

Capitalization Overview

We have been using in-house skill sets to build the app and personal funds to carry out miscellaneous transactions for the business like company registration, logo creation, etc.

The business has one shareholder and there are no loans in the 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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