Monies remittance business for sale

UK API payment institution for sale with almost 20 year track record. May be operated before change of control approval. Business of Forex of 95 currencies - Europa, Asia, Middle East, United States, Africa, Australia. Monies remittance all over the world. Business account opening via white label in UK. Also part of transaction are Financial licenses in Bangladesh, Pakistan, India, Sri Lanka, Nepal, The Gambia, Sierra Leone. Competitor in Forex to Ria Monie Transfer, World Remit, Money Gram, Paysend, Western Union, Wise and XE Exchange.

Price excluding capital: 2’200'000 GBP.

UK API payment institution for sale. May be operated before change of control approval. Business of Forex of 45 currencies - Europa, Asia, United States, Australia. Monies remittance all over the world. Business account opening via white label in UK. Price excluding capital: 600'000 GBP.

UK FCA AEMI (authorized e-monies institution) for sale

Authorized Activities:

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issuance of electronic money

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placing cash to a payment account

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withdrawing cash from a payment account

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execution of payment transactions on a payment account (not covered by a

credit line)

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execution of payment transactions on a payment account (using a credit line)

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issuing payment instruments or acquiring payment transactions

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money remittance

NO LIMITS TO TRANSACTION AMOUNTS

Plus 20 personas team, MasterCard partnership in place, card issuing, 400 corporate clients

25 currencies, 190 countries, currency conversion, Forex

SEPA, SWIFT, The Faster Payments Service (FPS) (UK), CHAPS (UK),

EU corresponding Bank (LU, DE, DK, Switzerland)

Client Money account with 2 Swiss Banks and 2 UK Banks including Barclays Bank

Good standing with regulator, no warnings, own IT system

Price – €2.5 M excluding Capital

Small Payments Institution with business for sale in London

• Regulated as a Money Service Business (MSB) by the FCA/HMRC

• Upgrade paths to API, SEMI or EMI

THE BUSINESS

• Retail shop in London in the middle of large ethnic communities

• Remittances currently predominantly sent to Turkey

• Partner Bank in Turkey for distribution to all bank accounts in Turkey

• Customer database >11,000

• Currently accept cash and bank payments

• Contract with Cash-in-Transit contractor

• One UK bank account

• Own software in the retail shop

• Launching Company Mobile App and Web Portal in January 2025

• Integration with Premier Card Acquirer for Visa & Mastercard

• Contract in process for Open Banking Acquiring

• Integrations with multiple Payout Partners covering bank accounts, mobile

money and cash pick-up in over 100 countries worldwide including 38

countries in Africa.

PURCHASE PRICE

£400,000

More info: Valters Gencs, info@gencs.eu, Whatsapp/telegram +371-29265441