Looking for Equity Investment of $750K in AI based personal finance aggregator in UAE

Posted On: 25 / Nov / 2021
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Deal Details

Annual

Deal Type

Equity (Fundraise)
Maximum Loan

Industry

Fintech
Charge

Deal Status

Active

Deal Description

Rewards worth $60 billion redeemed globally in a year. Rewards and offers are the top reason for choosing a credit card. Customers are willing to switch providers for better rewards No easy way for customers to maximize savings through rewards and offers. Fintech- algorithm based engine shows customers how much they can save through loyalty rewards by owning the right credit cards In 2 years now has - 20K customers visits a month + $400K revenue from banks in 12 months + Top banks empanelled + 2021 Monthly average revenue is 40% higher than 2020. Profitable. GCC/UAE - Unique market - expat population - currently raising capital to develop a innovative mobile app which will seamlessly allow customers to identify best card (from what they have) for transaction prior to purchase decision being made (both in-store and offline) Ex Citibankers - Experienced founder team - having built and scaled personal finance products for about 2deacades. Great Founder - Business fit. The market opportunity in GCC (phase 1) alone is $4.3 billion and they are seeking to raise US $750 K. Bootstrapped till now.

No Files Attached

Deal Value
5.99 Crore
Targeted Region
Americas

Revenue

2019-20
7.99 Crore
2020-21
7.99 Crore
2021-22
7.99 Crore