Launched in 2021, this B2B SaaS business provides identity verification, document authentication, biometric verification, and KYC solutions to customers across fintech, cryptocurrency, e-commerce, healthcare, system integrators, and telecom companies. The proprietary, API-first platform supports identity documents from more than 190 countries and generates fully recurring subscription revenue. Key strengths include strong year-over-year growth, ISO 27001:2022 certification, net profit margins of above 70%, and a recently refactored technology platform designed to operate efficiently with minimal resources.
Revenue is generated entirely through recurring cloud subscriptions and on-premise software licenses. The business has over ~200 active paying subscribers, an average customer lifetime value of above ~$4,000, and a low churn rate. Cloud plans range from $89 to $880 per month, with customized higher-volume plans and on-premise licenses starting at $30,000 per year. Customers are acquired through Google Ads, organic search, referrals, and direct outreach to registered users. The owner spends approximately 10 hours per week overseeing customer support, client follow-ups, upselling opportunities, financial reporting, and overall performance.
The business currently employs one full-stack developer and two sales and customer support employees in Taiwan. The team is willing to work alongside the buyer during an agreed transition period. Following a significant product refactor, the platform requires limited ongoing resources and may not require a large team to maintain. Growth opportunities include establishing a presence in the United States or Europe, expanding business development and marketing, and targeting larger enterprise and government contracts. This represents an established SaaS acquisition opportunity with recurring revenue, proprietary technology, documented operations, and multiple avenues for further expansion.
Disclaimers:
The SaaS metrics (Churn, LTV, etc) were provided by the seller based on their internal reporting.
The business uses a payment provider, TapPay, that may not be available for businesses outside of Taiwan and Japan. This payment provider captures roughly 50% of yearly revenue. Subscribers may be migrated to another provider such as Stripe.
A more detailed list of Assets provided by the seller can be found in the Google Drive folder.
