SBA Pre-Qualified: 11-Year-Old Mobile Payments SaaS | Top App Store Ranking | 90% Profit Margin | Lower Owner Workload
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REVENUE
$1,746,364
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INCOME
$1,584,878
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MULTIPLE
4.64x
Asking Price: $7,350,000
Reading Time: < 1 minuteFounded in 2013 to address the lack of practical mobile payment tools within the early Stripe ecosystem, this SaaS business has become one of the largest and most well-known third-party payment apps, maintaining a top-ranking position in the App Store for more than a decade and processing over $900M in cumulative payment volume.
What differentiates the business is its market-leading position, user-first experience, and impressive retention. The app has a compounding acquisition moat through App Store visibility and strong merchant reviews, with a user-first design that is optimized for mobile and in-person payment workflows, including Tap to Pay and portable checkout experiences. Over time, this has created a highly engaged merchant cohort with strong retention and recurring transaction activity.
As a result, the business has scaled into a highly cash-generative platform, with approximately $1.7M in annual revenue and ~90% margins, while being single-owner-operated. Following accelerated growth between 2020 and 2023, the business has since stabilized on a durable revenue base.
Looking forward, the business is well-positioned to benefit from continued growth in mobile payments and Stripe’s expanding ecosystem. Several clear growth levers remain largely untapped, including optimizing its onboarding funnel, enterprise and team-based functionality, pricing segmentation, SEO and content-driven acquisition, and more deliberate positioning around Tap to Pay and vertical-specific use cases, such as events and nonprofits.
With strong margins, highly efficient operations, durable organic acquisition, and a deeply embedded position within the Stripe ecosystem, the business represents a unique acquisition opportunity in the mobile payments space. The founder is exploring a sale after more than a decade of operating the business and is seeking a buyer who can take the platform from a highly efficient, founder-led operation into its next phase of growth and product expansion.
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Meet Your Advisor
David Newell
David is an M&A advisor with over 14 years of experience in the online business space, having advised on 130+ completed transactions across SaaS, ecommerce, and digital media.
He has worked on a wide range of SaaS transactions, including notable exits such as the sale of Drip to Leadpages and Cerberus FTP’s sale to Redwood Software, alongside dozens of other software deals. In parallel, he has advised on the sale of more than $75M ecommerce and Amazon FBA brands. This depth of experience gives him a strong understanding of how to position businesses to both strategic and financial buyers.
Prior to entering the online M&A space, David spent four years in investment banking at Citigroup, focusing on technology, telecoms, and media. He later led Brokerage and Operations at FE International before joining Quiet Light in 2019.
He joined Quiet Light in 2019 to merge his passions of entrepreneurship and helping other founders. In his 10 years of business brokerage, he has advised on 125+ successful business sales across e-commerce, SaaS and content, and is the author of one of the industry’s leading guides on buying online businesses.
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