$20,000,000.00
Asking Price
Address: New York, 10001.
Status: Active
Posting ID: 290437
1/31/25
Description
The Company offers a fintech platform providing cash advances, credit-building tools, and a secured card to help users manage their finances. Designed for scalability, it incorporates controls to manage risk and fund flow. Its vision is to provide flexible, cost-effective credit options compared to traditional cards, enhancing financial literacy and inclusion among underbanked populations. Through iOS and Android apps, users can access credit-building tools, cash advances, and personalized secured accounts. The platform offers flexible terms based on individual income and spending, instant transfers, and leverages automation to reduce costs, eliminating fees for overdrafts, insufficient funds, or late payments. Profitable for four years, the company reports over $5.0mm in monthly originations, $1.2mm in monthly subscription revenue, 15.0% month-over-month growth in 2024, and a revenue run-rate exceeding $10.0mm annually.
Confidentiality is a concern for the Seller as he seeks just the right buyer, and so the location information provided in the ad is that of the broker, and not of the Business. Business location and name will be shared once a qualified Buyer prospect is vetted.
NDA is required to receive comprehensive Confidential Information Memorandum (CIM) crafted by ProNova Partners.
Detailed Information
Facilities: Per CIM
Competition: This fintech company stands out with a profitable model, a strong focus on empowering underbanked users through credit-building tools, and a best-in-class non-payment rate supported by proprietary underwriting processes. Operating in a niche market, it offers a secure and diversified investment appeal, combining growth potential with stability for investors.
Growth & Expansion: The Company has achieved significant growth through innovative financial products, driving strong user adoption while maintaining industry-low non-repayment rates. With a focus on scaling operations, enhancing margins, and expanding product offerings, it is well-positioned for sustained growth and market leadership.
Financing: TBD if structure and terms are acceptable.
Support & Training: Per CIM
Reason for Selling: Other business interests.
To get more information about this Fintech Company - High Growth High Profit business for sale in New York please phone Rick Carlson (Agent - BRE License #:01820673) at 833-776-6682 - if you get voicemail please leave a detailed message - make sure you mention you saw this posting/ad #290437 on BizBen.com. In addition to phoning Rick Carlson, make sure you email Rick Carlson above to get more info about this Fintech Company - High Growth High Profit, to ask any questions or request an appointment to see this business for sale. Thank you. License # 01820673. ProNova Partners.
Contact
Details
Asking Price: $20,000,000.00
Down: Call/Email
Cash Flow: $2,500,000.00
Revenue: $10,000,000.00
Area: New York
City: New York
Attributes:
My Notes About This Listing