DIGITAL PAYMENTS & SUPER AGENT PLATFORM FOR SALE

*CBN-LICENSED DIGITAL PAYMENTS & SUPER AGENT PLATFORM FOR SALE

BUSINESS OVERVIEW

1.1 The Company is a CBN-licensed financial services provider delivering mobile financial services, bill payments, and POS solutions to individuals and corporates across Nigeria through a robust, technology-driven agent network.
1.2 It holds a valid Payment Solution Services (PSS) licence, covering:
1.2.1 PSSP
1.2.2 PTSP
1.2.3 Super Agent platform
1.3 Incorporated in 2017, the Company has achieved nationwide scale with over 20,000 agents.

2. OPERATIONS & SCALE (AS AT JULY 2025)

2.1 POS Terminals: 6,886 deployed (9% active).
2.2 Agents: 23,414 registered (11% active).
2.3 Workforce: 42 core staff and 18 shared Group staff.
2.4 Total Payment Value (TPV): ₦81.2bn (YTD July).
2.5 Turnover (Gross Commissions): ₦670m.
2.6 Gross Margin: 37.6% (Take Rate: 0.31%).
2.7 EBITDA: ₦(83)m, with liquidity enhancement projected to deliver EBITDA breakeven before year-end

*3. ASSET PROFILE & LIQUIDITY*

3.1 Fixed Assets: Asset-light model with NBV below ₦30m.
3.2 Cash & Equivalents:
3.2.1 POS settlement & partner wallets: ₦14.7m.
3.2.2 Bank balances: ₦(261)m, reflecting overdraft utilisation.
3.3 Banking Facilities:
3.3.1 ₦300m overdraft with Wema Bank (30% cash-backed).
3.3.2 ₦150m short-term loan, repayable end-October.

*4. RECEIVABLES & EXCLUDED ITEMS*

4.1 Intercompany receivables: ₦74.7m.
4.2 Credit balances on supplier wallets: ₦37.4m.
4.3 ₦1.5bn receivable from a chargeback dispute with Fidelity Bank (under litigation).
4.4 The litigation asset in 4.3 is explicitly excluded and retained by current promoters.

*5. LIABILITIES & REGULATORY STATUS*

5.1 Holding Company liabilities: ₦1.3bn.
5.2 Liened customer balances (pending resolution): ₦79m.
5.3 Trade liabilities: ₦165m.
5.4 Client wallet balances: ₦941m, to be migrated during infrastructure decoupling.
5.5 Agent wallet balances: ~₦40m, to remain as cash post-transaction.
5.6 Statutory Obligations:
5.6.1 Tax liabilities: ₦19m (2023 TCC available).
5.6.2 Other regulatory liabilities: ₦8m.
5.7 Strong regulatory standing with well-managed obligations within industry norms.

*6. ACQUISITION PROPOSAL*

*6.1 Total Consideration: USD 1.2 million.*

6.2 Payment Structure:
6.2.1 70% on execution of the Share Purchase Agreement (SPA).
6.2.2 30% upon fulfilment of post-completion obligations.

*7. POST-COMPLETION OBLIGATIONS (FINAL 30%)*

7.1 Full settlement of overdraft and short-term loan facilities.
7.2 Full settlement of related-party liabilities.
7.3 Full settlement of trade partner liabilities.
7.4 Complete infrastructure and systems decoupling from the Group.
7.5 Letters of non-indebtedness from all counterparties in 7.1 – 7.3.
7.6 Comprehensive indemnity for historical liabilities.
7.7 Management undertaking for an orderly handover.

*8. INVESTMENT HIGHLIGHTS*

8.1 Rare opportunity to acquire a fully licensed, scalable fintech platform.
8.2 Nationwide agent footprint with significant activation-driven upside.
8.3 Asset-light model with a clear and near-term path to profitability.
8.4 Clean regulatory profile with ring-fenced litigation risk.

*9. NEXT STEPS*

9.1 Detailed information memorandum, data room access, and management engagement are available upon request.

*PRICE: $1.2MILLION*

*AGENCY COMMISSION: 10%*

Serious and Ready Investors should contact:

BuyMyBusiness Business Brokers

• 15/17, Ogudu Road, Lagos State
• Tel: 08020698922
• Email: [email protected]