Fintech

Banking

Founded in
2017
53%
for
Open to offers
Description
We lend capital to businesses of all sizes, including startups that normally wouldn't qualify for a loan, by collateralising debt financing using recurring revenue backed securities. We are acquiring a banking license to offer a more comprehensive banking solution to our enterprise clients to move their finances onto our platform.
Featured metrics
<1% default rate, 25% organic growth
Selling details
Type of shares
Secondary
Preferred partner profile
Operational and managerial excellence. Knowledge and experience of how to take over and optimise a financial technology business with the support of the founding team.
Business aspirations
Consumer-facing neobanks have paved the way for online B2B banking to offer a new era of financial services including debt financing and ARR securitisation for startups and tech businesses alike. We are riding the wave and see room for much more growth.
Reason for selling
Our business has experienced exponential growth year-on-year and achieved profitability in recent years. All of us want to start new projects so the time has come for more experienced professionals to help optimise and prepare it for acquisition with us invested and going part-time.
Business details
Business model
Debt financing and revenue secuiritization
Target customer
Startups and SMBs
Number of customers
800
Product competitors
Pipe, Capchase, Founderpath
Operational details
Technology stack
Firebase, HTML/CSS, Ruby/RubyOnRails, AWS
Marketing channels
Podcasts, IndieHacker, Medium, Twitter
Sales & marketing spend
$320K spent on advertising last year and a full-time sales and business developer salary of $75K
Performance tracking tools
Google Analytics, Stripe, Proprietary tools
Financial details
Ownership structure
3 co-founders each with 33%
Last month's revenue
$ 190 K
Last month's profit
$ 39 K
Financial records
Annual P&L summary reports, Online reporting software/tools
Seller ID:
Annual Revenue:
$ 1.9 M
Annual Profit:
$ 450 K
Based in:
AMER
Team members:
4
For sale:
53%
Asking price:
Open to offers
Contact Founder
615043066ec8450004647c54