Hilco is pleased to offer for sale a UK-based digital savings platform developer (the “Company”), offering a solution to enable trusted money circles (ROSCAs) for diaspora communities.
The Company’s proprietary mobile application allows groups to contribute funds on a recurring basis and receive pay-outs in rotation, digitising a culturally embedded savings model used globally.
Business Highlights
Digitised Money Circles (ROSCAs): The Company provides an in-app solution for rotating savings clubs, where members contribute a fixed amount on a schedule and take turns receiving the pooled funds. This model reflects deep cultural familiarity among immigrant communities and provides a safe, compliant upgrade to traditional informal systems.
Cohort Growth & User Engagement: Since launching its beta in mid-2024, the Company has seen multiple high-contributing user cohorts (e.g. July–Sept 2024) with sustained in-app activity over several months. Heatmap data shows repeat usage patterns across multiple user cohorts and rising peak contributions in key periods.
Financial Inclusion for Underserved Markets: Immigrants represent circa. 14% of the UK population (c. 10M people) with estimated domestic purchasing power exceeding £118 billion. The Company reframes remittance-focused financial products toward local wealth building, addressing an unmet need across UK diaspora communities.
Trusted Infrastructure with EMI Safeguarding: The Company partners with AF Payments Ltd, an FCA-authorised Electronic Money Institution (FRN 900440), to manage user funds under the UK’s e-money safeguarding regime. Customer verification is handled via advanced biometric/document ID technology (IDVerse), enabling secure onboarding for hard-to-verify populations.
Established Technology Stack: Fully developed mobile platform (iOS and Android), supporting group creation, KYC onboarding, automated pay-ins and payouts, fraud monitoring, and Circle-level controls. App store presence is live and active with 4.3-star user feedback.
Clear Regulatory Posture: While not an EMI itself, The Company operates within UK compliance frameworks by using licensed partners for payments and account issuance. Funds are safeguarded (though not FSCS protected), and the company maintains published T&Cs, data protection policies, and a structured complaints process.
Community-Focused Brand: The brand is built around trust, safety, and community empowerment, offering a cultural bridge between informal money clubs and formal financial tools. “The Company” has been profiled in TechCrunch, TechFundingNews, and recognised by AltFi’s “Fintech for Good” awards (as claimed by the founder).
Available Assets
Mobile Application and Source Code: Live mobile app for iOS and Android platforms with backend logic for ROSCA scheduling, payments integration, and user management.
Proprietary Know-How and Playbooks: Internal operating manuals, onboarding workflows, Circle-level risk policies, and diaspora-specific onboarding insights.
Brand and Digital Assets: Trading name, (registered trademark), associated domain names, website content, and Learning Hub articles. Active social channels including Instagram, LinkedIn, Facebook, and TikTok.
Customer Data and Platform Analytics: User cohort data including Circle activity, drop-off and retention insights, verified KYC profiles, and transaction history.
Commercial Partnerships: Contractual relationships with FCA-regulated EMI (AF Payments), ID verification provider (IDVerse), and app store developer accounts.
This represents a rare opportunity to acquire a proven, culturally resonant, and compliance-ready fintech platform serving an underserved and high-potential market. The Company platform combines a complete product, regulated infrastructure, and community-based distribution model, with further potential for expansion into adjacent financial services and markets.
Sale Process and Further Information
The deadline for offers is TBC
On receipt of a signed non-disclosure agreement (NDA) access will be provided to a virtual data room housing additional information. To access the NDA please click the link, sign and return via email to [email protected], or [email protected].
Terms and Conditions
Hilco is acting as exclusive agent to the Company in connection with the proposed sale of some or all of the Company’s business and assets (or equity).
All sales are made strictly on an “as seen, where lying” basis. Only such right, title and interest (if any) as the Company may have in the assets will be transferred to a purchaser. No warranties, guarantees, or representations (express or implied) are provided by the Company or Hilco in respect of the assets or any information supplied. All parties must rely on their own enquiries and due diligence. Any information provided is for convenience only and has not been independently verified.
All offers are subject to the addition of VAT at the prevailing rate, where applicable. A non-refundable deposit equal to 20% of the agreed purchase price must be paid by the successful purchaser within 48 hours of offer acceptance. Payment of the deposit grants the purchaser the exclusive right to proceed with the acquisition of the relevant assets for a limited period and on the terms agreed. A Buyer’s Premium of 10% of the final purchase price is payable by the successful purchaser in addition to the agreed purchase price, is non-negotiable and is payable at the same time and in the same manner as the purchase price and forms a condition of sale.
Legal completion shall occur as soon as reasonably practicable following offer acceptance, unless otherwise agreed in writing by the Company and Hilco. Failure to complete within this period may result in forfeiture of the deposit and termination of the transaction.
