A UK SME specialising in online merchant payment solutions, has developed a digital wallet online payment solution using blockchain technology and is now seeking an investor for up to 40% equity share.

Summary

An online merchant payment solutions UK SME, is offering a digital wallet (E Wallet) online payment solution using blockchain technology as part of an e-commerce solution, and they are now looking for an investment of up to 40% equity share to add value and for the further development of their e-wallet solution via an acquisition agreement.

Description

The UK SME is offering a digital wallet (E Wallet) online payment solution, using blockchain technology, as part of an e-commerce solution, for use by under-served “high risk merchants”. This online payment solution will be included as a module in their new e-commerce software platform, and it will also be provided as a plug in to commercially available e-commerce platforms currently operated by merchants. This has allowed the SME to achieve excellence in service integrity, fraud prevention, reconciliation and customer support. This comprehensive approach to online payments ensures not only the secure transmission of customer transactions, but the longevity of merchants and their business success.

Further information on how the platform and solution works is available via mutual non-disclosure agreements (NDA).

The e-wallet intangible asset of £516,349 is amortised over 10 years.

The R&D expenditure incurred in the e-wallet solution, will be claimed as a tax credit, following input from an R&D tax credit expert company.

In year one this tax credit is a projected payment from UK government revenue and customs (HMRC) of £31,850. In years two and three the current R&D tax credits are projected to offset 100% of the income tax due.

Projected after tax profit to year end 2021: (four months e-wallet operational): £16,281.

Projected after tax profit to year end 2022: £269,158.

Projected after tax profit to year end 2023: £254,455 (includes 3 years interest paid of £107,931)

The SME is now looking for an investment for up to 40% equity share to add further value and development of their e-wallet solution via an acquisition agreement.

Expertise sought

They are looking for an investor ideally within the FinTech sector and offering up up to 40% equity share to add value to the development and marketing of their e-wallet payment solution.

Projected after tax profit to year end 2021: (four months e-wallet operational): £16,281.
Projected after tax profit to year end 2022: £269,158.
Projected after tax profit to year end 2023: £254,455.

Requested Partner

The SME is now looking for an investment for up to 40% equity share to add further value and for the further development of their e-wallet solution via an acquisition agreement.

The ideal candidate will be operating within the FinTech sector.

The e-wallet intangible asset of £516,349 is amortised over 10 years.

The R&D expenditure incurred in the e-wallet solution, will be claimed as a tax credit, following input from an R&D tax credit expert company.

In year one this tax credit is a projected payment from HMRC £31,850. In years two and three the current R&D tax credits are projected to offset 100% of the income tax due.

Projected after tax profit to year end 2021: (four months e-wallet operational): £16,281.

Projected after tax profit to year end 2022: £269,158.

Projected after tax profit to year end 2023: £254,455. (includes 3 years interest paid of £107,931).

Further information on how the platform and solution works will be made available via mutual NDA agreements.