Details

The company is a fintech solution provider. It provides international top-ups and bill payments, prepaid refills, and data packages and services. The company also offers an end-to-end turn-key POS solution that is simple, stable, and secure.

Key Aspects:
• FY 2021 revenue of over $87.6 million & adjusted EBITDA of $4.3 million
• Optional automatic customer payment plans allows for repeating revenue opportunity with approximately 15,000 customers opted in as of Q2 2022
• Focus on an underserved customer base providing unique growth opportunities
• Company poised to scale both domestically & internationally
• Comprehensive IP and technology assets

Opportunities
• The company has designed a Point-of-Sale device that could spur further growth
• An increased demand for cryptocurrency could allow the company to expand into crypto funding
• Opportunity to expand bill pay services to include utilities & mortgage
• Industry concentration is low, so there are opportunities for acquisition of smaller companies
• Increasing mobile use in developing countries present an opportunity to expand into international markets

Headquartered
• Texas

Current Markets
• The company's key target market are those individuals that are considered unbanked or undocumented. This market exists not only in the United States, but also overseas as well.

Current Markets
• The company's key target market are those individuals that are considered unbanked or undocumented. This market exists not only in the United States, but also overseas as well.

Shareholder Objectives
• As the company is well positioned to grow beyond what it already has, ownership is looking for an acquirer to take the business to the next level. The current owner is open to a variety of different deal structures and is open to remaining with the company post-sale in an advisory role for a reasonable transition time.

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.