Singapore  Singapore

Sell a Business

Listing ID: 3665 Last Refreshed: 07/05/2019 Total Views: 11056

P2P CrowdLending Biz Looking For Investors

Central Area

Asking Price: S$1M - 5M
P2P CrowdLending Biz Looking For Investors
  • Premise Type N/A Premise Size N/A
  • Monthly Rental N/A Rental Desposit N/A
  • Revenue N/A Cash Flow N/A
  • Gross Profit N/A Net Profit N/A
  • Stock N/A Liability N/A
  • Payable N/A Receivable N/A
  • FFE N/A Established 2013
  • Owner Role Full Time Staff N/A
  • * Revenue, Gross Profit, Net Profit, Cash Flow are based on Annual average
Melvin Ho Bizsquare Management Consultants Pte Ltd
Email Owner

Reason For Sale

Looking for investors to start operations

Description

We are a fintech crowdfunding start-up incorporated in Singapore, June 2018 with paid up capital $500k. We are co-founded by 2 founders; an ex-banker and fund manager who is also a serial entrepreneur who has the network and expertise to grow the business; and another ex-equity investment banker, who has also done compliance and credit role in different bank. The founders have combined more than 26 years of experience in banking, investment, and credit management.

 

We aim to build an investment ecosystem for investors throughout the world and validating good investment projects. 

 

We have strong customer base on doing both unsecured and secured lending based on property, invoice or other valuable assets as collateral. From the founders (us) past portfolio, we are having low default rate and high margin return. We have the experience of running lending business and have plans to make the company scalable.

 

We started the company in 2018 and have since done 16 to 17 deals (1 deal still ongoing as per Dec 18) with each loan deal amount range from $30k to $1million.

 

In a nut shell, we are progressing well and in the midst of building our IT platform to automate loans. In the next upgrade, we are going to in build machine learning, credit algorithm and AI on the platform to make things automated. We are building the tech capabilities and we are concern about it. 

 

We are glad to say that we have recently gotten the IPA for CMS (capital services license) for doing crowdfunding in Singapore and projected to get the full CMS license in Jan2019. In the legal side, we have 3 law firms supporting our company, from the government licensing side, the loan contracts drafting, the litigation & and debt collection and the MAS rule and regulation compliance side; altogether 3 different law firms that we are engaging to make sure everything is always in good and safe condition. We are aiming to get our Full CMS license in Jan 2019. 

 

We believe that we are a high potential FINTECH company and we are looking for investors to join our wealth growing journey. 

 

We are currently seriously looking for investors/partners to either:

 

1.     invest in our company equity (we are looking to give up, up to 20% of our equity for sale) 

2.     invest in our company bonds (with 10%p.a. coupon return every 6 months, with company shares are collateral.) We have SGD$100k per lot. 

3.     Be part of our platform investor and invest in our loan directly. (very attractive return and safe deal structure)

 

Lets invest and grow together. 

 

Cheers and give us a text or call to discuss more. 

 

Please contact Melvin @ 91834413 for more info and we are very sincere about it. 

 

Thank you!

Business Operation

9.30am to 7pm
Business Hour
We have contacts in neighboring SEA countries and they will be keen to do partnerships with us in the future.
Expansion Potential
Email Owner
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