Mid-market FinTech Company Investment Opportunity in DeSoto, United States
Established | 10-20 year(s) |
Employees | 2 - 5 |
Legal Entity | Limited Liability Company (LLC) |
Reported Sales | USD 8 million |
Run Rate Sales | USD 8.4 million |
EBITDA Margin | Nil |
Industries | FinTech |
Locations | DeSoto |
Local Time | 8:53 PM America / Chicago |
Listed By | Business Owner / Director |
Status | Active |
- The company has a significant agreement with the state of California to provide prepaid cards to unbanked employees, showcasing a strong foothold in the market. The agreements enables the company to generate revenues through various streams, such as merchant fees, currency conversion charges, minimum maintenance charges.
- Business is currently tied up with one bank, which is responsible for managing all financial aspects, and will be launching a payroll card with a projected monthly revenue of USD 20,000. The new card is expected to launch by the end of this year. The new card will aid in increasing the current revenue.
- The company has secured a contract with a community-based organization and is targeting the Hispanic affinity group, representing a potential market opportunity.
- With a focus on young adults and an age group starting at 15, the company emphasizes the importance of KYC (Know Your Customer) procedures for onboarding customers and has a small program in place with the California State.
- The company is in negotiations with a community organization representing 5 million members, indicating the potential for a significant business deal.
- The business forecasts an addition of 20,000 new users and anticipates reaching breakeven by the end of the year. Additionally, the company has established a partnership with Tim Brown for marketing purposes.
Our target audience is young adults.
Office furniture set-up worth USD 5,000.00.
Work computer stations worth USD 4,000.00.
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Earlier than 15 daysPrincipal, Dallas, M&A Advisor connected with the Business
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Earlier than 15 daysPartner, Charlotte, M&A Advisor connected with the Business
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Earlier than 15 daysCEO, Dallas, Financial Consultant connected with the Business