How we Help Pricing

Services
Flippa Due Diligence Flippa Legal Flippa Private Flippa Broker Financing Flippa Deal Origination
Blog The Daily Newsletter The Exit Podcast Careers

New notifications

View All

You're all up-to-date

Chris 2
Public Profile Dashboard Alerts Messages 2 Notifications Watched List

Account Settings Sign Out

true

Browse
Websites
Apps
Off-Market
Invest
Domains
Collections
e.g. Fitness Blog, Shopify Sto

Get a Free Valuation Sell Now

2
e.g. Fitness Blog, Shopify Sto

Browse
Websites Apps Off-Market Invest Domains Collections

Sell Now Get a Free Valuation Pricing Services Blog The Daily Newsletter The Exit Podcast Careers

Help
2 Chris

US Exit Roadshow announced - 10 city event series. Register FREE Now

Get a Free Valuation

Sell Now
Description
Financials
Asking Price: USD $750,000
Comments: 0
Views: 837
Watchers: 50
Watching

Service Business

Currency: USD $

Startup Fintech Cryptocurrency Payment Processor | Membership Revenue

Verified Listing
Helping businesses solve problems in the growing Cryptocurrency market, delivering 90% of the token upon sale.
Service Business Sponsored Confidential
Site Age
2 years

Monthly Profit
USD $9,396 /mo

Profit Margin
40%

Profit Multiple
6.7x

Revenue Multiple
2.7x
Managed by Broker
SPONSORED
Show all
Asking Price (Classified)

USD $750,000

Contact Seller Submit LOI Make Offer

Watching

Market Insights Market Insights

Performance overview Performance overview

Market Insights

Showing 0 similar listings Showing 1 similar listings

Similar listings for sale Similar listings sold This listing

9.2x

7.95x
Profit Multiple

6.7x

5.45x

4.2x
0

0
,00

,00

,00

,00

,00

,00

,00
00

50

00

50

00

50

00
$6

$6

$7

$7

$8

$8

$9
D

D
US

US

US

US

US

US

US
Asking Price

Get alerted when similar listings appear

Listing Description Status Price Profit Multiple

Sign NDA to view more det... FOR SALE USD $620,124 0.9x
Net Profit USD $58,538/mo
7 Years Old | Service Business

Show more
View more similar listings →
Site Age
2 years
Peer Benchmark. 7 years
Monthly Profit
USD $9,396 /mo
Peer Benchmark. USD $58,538 /mo
Profit Margin
40%
Peer Benchmark. 13%
Profit Multiple
6.7x
Peer Benchmark. 0.9x

*Peer benchmarks are calculated using proprietary Flippa data on similar assets within the price range of this listing.
Powered by Flippa Data Team. Learn more

Performance overview

Revenue
USD $23,284
/mo

Feb 22 Apr 22 Jun 22 Aug 22 Oct 22 Dec 22

About the business

Our company provides Crypto payment services. We help businesses operate globally, reduce costs, and expand into new areas by providing them with secure cryptocurrency processing solutions.
Via a merchant centre, business owners can opt to settle instantly in fiat currencies (eg AUD, USD, EUR, GBP, plus 20 more) reducing the risk of price volatility for them.

Key Highlights

Primary revenue from direct Merchant Payment Gateway

Wallet App - New Reveneue stream
Marketplace (Pre-Revenue) - Woocommerce
Token | $15,000 USD in daily transaction volume. 750,000,000 total supply, deliver 90% of the token upon sale
Cryptocurrency Token & Listing on Euro Exchange
Google/Apple Developer
Liquidity Provider/Settlement contracts
AWS data center
Owners willing to stay on for significant transition and migration support as well as continued consultancy

Operations

There are 2 owners in the company with an equal split of shares. 100 common shares issued and
outstanding. We are incorporated as a private company (Pty Ltd) in Australia.

We have 3 full time employees and 5 part-time employees who were involved in the development of all
technologies.
The 3 full-time employees are available to work for the company post-sale should the buyer be willing to
support wages, and the developers are available for contract work should they be needed.
Of the 3 full-time employees we have an Admin Manager, Marketing Expert, and Blockchain Developer. We
cover all bases for running the business.

A typical day starts with checking the transactions processed via the merchant gateway for the running 24
hour period. We then check emails, reply to existing customers for support queries, or check the
applications inbox (those wishing to accept Crypto in their business). If there are settlement requests from
merchants we will process those via the 3rd party liquidity providers and issue a report. Now that all
development is complete, we continue outreach to prospective clients both on and offline, and partake in
general bookkeeping.

Methods of generating revenue:

Merchant Payment Gateway (currently earning revenue)

The merchant gateway allows businesses to accept cryptocurrency as a form of payment with immediate conversion into a fiat currency of their choice. We charge a 1% transaction fee on each
transaction processed via our gateway. We support more than 20 popular cryptocurrencies as a form of payment, including Bitcoin, Ethereum, Ripple, Dogecoin, Litecoin, and our in-house token.

Marketplace (not currently generating revenue, ready to accept orders)

Marketplace is an online shopping portal allowing customers to purchase items with cryptocurrencies for payment. Revenue can be generated with product sales via partnerships with Amazon etc &
drops hipping, or by on boarding merchants are charging a sale fee.

Wallet App (launched recently and generating small revenue)

The Wallet is a non-custodial cryptocurrency wallet (iOS & Android) that allows users to store, send, receive, buy, sell, and exchange a variety of popular cryptocurrencies. We generate revenue
whenever a user buys/sells/exchanges cryptocurrencies. Currently active on the Google Play store, we are pending approval on Apple.

Token
We created the SRO token that is currently trading on a leading EU exchange. Currently averaging $15,000 USD in daily transaction volume. 750,000,000 total supply, we can deliver 90% of the
token upon sale. Binance Smart Chain Token. Revenue can be generated by selling the token to the public via the licensed exchange.

Customers

Visitors are generated at the moment via organic and word of mouth (eg Linkedin, socials, email campaigns). We have yet to spend any money on marketing, however, we believe once this is
undertaken, the response rate will be quite high.

Financials

Traffic is not seasonal. We have only recently begun boarding merchants and have not noticed a period of poor performance.
With more than 30 applications from merchants waiting for on boarding, we believe steady (aggressive) growth will be easily achieved.

Additional Notes

Included in the Sale

All deliverables of the company including domain names, payment gateway source code, mobile applications, clients, AU Company & Bank Account (if required), social media accounts (5000+
organic followers), Google/Apple Developer Accounts, Liquidity Provider/Settlement contracts, Cryptocurrency Token & Listing on Euro Exchange, 90 days ongoing support, and any other material
pertinent to the business.

Reason for Sale

Due to personal circumstances we are reluctantly selling this business. Over a 1.5 year period, we spent more than $450,000 building the technology and preparing the business for quick growth. We
would like to see the company go to a buyer who could either plug in the tech to their existing businesses, or market the products we have on offer.

Business History
The company was initially launched in 2021/22 as a place where crypto holders could spend their balances on everyday items. We allowed merchants to onboard their products and sell them using
our third-party produced payment gateway.

We began developing our merchant gateway tech and non-custodial wallet apps in early 2022. We have recently launched the merchant gateway, allowing businesses to accept dozens of
cryptocurrencies in-store or online, and instantly convert the sale to a fiat currency of their choice (eg USD, AUD, NZD, EUR…).

Our non-custodial wallet apps are finished and have been uploaded to the Apple & Google Play stores. This has become Australia’s first non-custodial crypto wallet.

Growth Potential

The growth potential for this business is truly astronomical. We have developed products that solve giant problems in the crypto space:

Spending crypto on everyday items (Marketplace)

Accepting crypto in businesses and reducing price volatility risk (Merchant Platform)
Keeping crypto safe (Wallet - your keys, your crypto: crypto is stored on a user's individual device and not on any server

We have a very good (young) reputation and with the right buyer, or continuing with our team, can grow on that very well. There are not many crypto companies with an actual office location or
offering completed products.

The best move forward would be to promote all services in conjunction with one another. Or pick your strength (ie ecommerce and promote the marketplace). Targeted advertising to the 300m+
global crypto holder community would quickly grow usage of all products.

Promotion of the SRO Token would generate a higher market cap, sales, and adoption of the coin. Offer cashback for using SRO across the network, and reward the public for using the native token.

Potential Concerns

As of July 14 2022 we are yet to experience any technological issues with this product. We have however suggested that the following issues could potentially pose a risk:

Security risks; including phishing, password corruption, data breaches. We engage in annual security audits from leading third parties.
Architecture risk; we have built our platform using latest technologies that at this stage have not revealed any flaws
Availability; we use the servers at Amazon AWS using a standard SLA. We have redundancy in place with hourly snapshots to ensure zero downtime of the platform
Capacity; we have auto scaling built in to handle/mitigate any unexpected load increases
Physical risks; none of our core databases are stored locally. Everything is remote at the AWS data center in Sydney, Australia.
Single point of failure; we have no one single point of failure that will bring the entire platform to a halt. Each part of the platform (exchange>conversion>settlement are all segmented to
reduce this risk.arkets & Kraken Pro) to ensure all liquidity events occur safely, utilizing a co-signing certificate that changes every 24 hours.
Transaction processing risk; extremely low likelihood of this event. Our webhooks and implementations via plugins have been thoroughly tested and have yet to fail.
Exchange hijacking; we have an encrypted direct API connection to liquidity partners (Finery Markets & Kraken Pro) to ensure all liquidity events occur safely, utilizing a co-signing
certificate that changes every 24 hours.

Many of the potential risks listed above are external risks rather than risk at-fault-of our development team. We utilize current/updated SSL on each server, fully encrypt all levelsof code, and use 2-
factor authentication where we deemed it necessary. We remain ever vigilant in protecting our products & services.

We do not store any cryptocurrency on our platforms. All crypto is store in non-custodial wallets (merchants control their own wallets, and we control our fee wallets).
Read all (6 min)

Revenue & Profit

12 months
 Profit Revenue

Feb… Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 Sep 22 Oct 22 Nov 22 Dec 22 Jan …
View monthly breakdown Hide monthly breakdown
Month Revenue Expenses Profit
Feb 2022 $0 $0 $0
Mar 2022 $0 $0 $0
Apr 2022 $0 $0 $0
May 2022 $4,839 $5,772 -$933
Jun 2022 $13,177 $9,260 $3,917
Jul 2022 $19,936 $14,507 $5,429
Aug 2022 $26,157 $18,466 $7,691
Sep 2022 $31,044 $19,331 $11,713
Oct 2022 $38,220 $22,160 $16,060
Nov 2022 $44,000 $23,642 $20,358
Dec 2022 $49,154 $27,340 $21,814
Jan 2023 $52,880 $26,175 $26,705

Financial Statistics

12 months
Annual Revenue
USD $279,407
Annual Profit
USD $112,754
Monthly Revenue
USD $23,283 AVG
Monthly Profit
USD $9,396 AVG
Profit Margin
40%
Profit Multiple
6.7x
Revenue Multiple
2.7x
Total Revenue
USD $241,455
Total Profit
USD $104,341
Monthly Revenue
USD $40,242 AVG
Monthly Profit
USD $17,390 AVG
Profit Margin
43%
Profit Multiple
-
Revenue Multiple
-
Total Revenue
USD $146,034
Total Profit
USD $68,877
Monthly Revenue
USD $48,678 AVG
Monthly Profit
USD $22,959 AVG
Profit Margin
47%
Profit Multiple
-
Revenue Multiple
-
Total Revenue
USD $52,880
Total Profit
USD $26,705
Monthly Revenue
USD $52,880 AVG
Monthly Profit
USD $26,705 AVG
Profit Margin
51%
Profit Multiple
-
Revenue Multiple
-

In-Depth Traffic Analysis

Authority Score

7
Referring Domains

353

Backlinks

1.53K

Total Keywords

112

Top organic keywords:

Photostick Omni, Vtech Touch And Explore Activity Table, Electronic Battleship, How Much Is A Weber Spirit Grill, and De'longhi Magnifica Xs

Organic Traffic Details

Backlink Profile

Referring Domains
Competitor Analysis

Buy the full report

Buy an analytics report on this business from our partner SEMrush. Includes content analysis, traffic insights, site health, competitive landscape, and more.
Buy the full report

Sale includes

Assets

Domains
Social media accounts
Custom technology
Other
Unique content
Unique design

Platform

Post-sale support

Included.

Attachments

PDF
startup-fintech-cryptocurrency-payment-processor-membership-revenue-1813 (1)
Managed by Broker
SPONSORED
Show all
Asking Price (Classified)

USD $750,000

Contact Seller Submit LOI Make Offer

Watching

Vetted Listing

This quality listing has been vetted by the Flippa team or the broker to ensure accuracy of the information provided.

Our vetting team has reviewed this listing and verified:

Revenue
Primary Expenses
Traffic

Learn More

About the seller

Eric Leighton
United States
BROKER
Latonas Broker

Verification Complete

Email address
Phone number
Government ID

5 transactions totalling $1,653,000

Payment Methods

Escrow.com
FlippaPay
Buying Advice

Flippa’s platform is free for buyers. Here are our tips for first-time buyers:

Before making an offer

1. Look for verified sellers. Sellers should verify their email, phone, and government ID. When a seller has completed all verifications, we identify them with a checkmark like this:

2. Review financials. Financials are seller-provided inputs. Always ask for verified financials. Ask for a tax return or request access to their dashboard. if it’s an ecommerce store get a transaction
report.

3. Review traffic. Sellers can grant you access to Google Analytics. Ask for read-only access to verify site traffic.

4. Schedule a call. Communication is key. The best way to find out more is to speak directly with the seller. For your protection, keep all communication within Flippa.

5. Make the offer on Flippa. We’re here to help. Flippa does not charge buyers and by making an offer on Flippa you’ll get access to our post-sales support team.

Need help?
Contact Support

After a successful offer

1. Agreements & Contracts. Connect with a US-based lawyer or purchase asset-specific template legal documents via Flippa Legal.

2. Conduct Due Diligence. You can conduct this yourself, or use our new official due diligence service. We provide a deep analysis, identify hidden risks, and independently assess the value of the
business. Packages start at $1,000. Learn More

Need help?
Contact Support

For more buyer tips read our guide on how to buy an Online Business.

We provide a suite of services to help you

Legal

Engage a lawyer or buy a contract. Learn more

Due Diligence

A new business verification & assessment service from Flippa. Learn more

Finder

A simpler way for first-time buyers to find and acquire online businesses. Learn more
Community Watch

Does this listing violate the Flippa Terms and Conditions?

If so, anonymously report it here.

USD $750,000
Watching
Contact

Sell

Get a Free Valuation Sell Now How To Sell List Privately

Buy

Browse How-To Buy

Flippa

About Pricing & Fees Affiliate Program Referral Program Broker Program Careers Help Centre

Services

Managed by Flippa Legal Due Diligence Financing

Community

Blog The Deal Newsletters The Exit Podcast Alts by Flippa Humans of Flippa Newsroom Events

Features

Multicurrency Support Deal Room Funds Verification Market Insights Listing Verification Integrations Off-Market Invest Escrow Recommender Engine

Categories
Online Businesses for Sale Websites for Sale iOS & Android Apps for Sale Domains for Sale Ecommerce Businesses for Sale Marketplaces for Sale Shopify Stores for Sale Dropshipping Businesses
for Sale Google AdSense Websites for Sale Amazon FBA Businesses for Sale Amazon FBM Businesses for Sale Amazon KDP Businesses for Sale Amazon Affiliate Websites for Sale SaaS
Businesses for Sale Etsy Shops for Sale eBay Stores for Sale Oberlo Stores for Sale Blogs for Sale Affiliate Websites for Sale Wordpress Websites for Sale Ready Made Websites for Sale Turnkey
Websites for Sale Internet Businesses for Sale Social Media Accounts for Sale Travel Websites for Sale Pet Websites for Sale Online Wedding Business for Sale Dating Websites for Sale Startup
Businesses for Sale

© 2023 Flippa.com Pty Ltd. All rights reserved.

Terms of Service Privacy Policy