United Kingdom's Financial Conduct Authority licensed small e-monies institution for sale. Small e-monies institution restriction in comparison with authorized e-monies institution is that client monies in safeguarding account at any point in time is limited to 5 million EUR. Upgradable to Authorized EMI.
Limits
· 5mln. in total client balances average per month /Small EMI limit
· No limits on turnover
· No limits on individual transactions
Payment services (PI) & E-money (EMI)
a) Services enabling cash placement on a payment account
b) Services enabling cash withdrawals from a payment account
c) Execution of payment transactions (not covered by a credit line)
d) Execution of payment transactions (covered by a credit line)
e) Issuing payment instruments or acquiring payment transactions
f) Money remittance
h) Issuing Electronic Money
Fully operational profitable company, more than 150 corporate client.
E-monies institution is profitable with about 150 000 EUR per year EBITA.
Payments capabilities and connections.
· Safeguarding account in Latvian Bank
· Safeguarding account in UK Bank
· Correspondent account in Chinese bank
· Account for customer payments in 2 UK specialized EMI
· Connection with major FX provider
· Possibility to issue Dedicated IBANs for incoming SEPA/GBP and SWIFT payments
· Possibility to send SWIFT to any non-sanction country in almost any currency
· Usage of own BIC and IBAN generation and connection for Target 2 payment
· AML audit by TOP 10 UK Auditors
IBAN accounts, processing of payments, SWIFT payments to 100 currencies
Forex, EUR, GBP, USD
Own IT system, source code is sold along with company.
Own IT development team.
IT
· Run on banking software owned by group company, can continue with white-label or change (back-office/front-office with mobile friendly adaptive design), through dedicated IT company
· Video-verification tool for onboarding
· Account with Sanctions screening database with API integration
· SMS-provide integration
· API integration with payments providers
Optional features can be added:
· Co-branded payment cards
Stuff
· 3 active directors
· 1 MLRO
· 3 managers
· 5 IT
Accepts clients from EU
Operated via Fintech enablers:
Currency Cloud
Clearbank
BluOrange Bank in Riga
Price 1.8 million EUR
Further info - Valters Gencs, info@gencs.eu,
Whatsapp/Telegram/Viber +371- 29265441