New AEMI license in the UK for sale

New AEMI license in the UK

Main details:

• Country of company incorporation: United Kingdom;
• Type of the license: Authorized Electronic Money Institution (AEMI);
• Year of company incorporation: 2018;
• Year of authorization from FCA: 2021;
• Fines and warnings from FCA: none;
• Agents: none;
• Capital: around 400,000 EUR;
• Shareholders: the company directly belongs to two private individuals (both EU citizens);
• Banks: the company has a business account in Revolut. Also, it is on the last stage of opening a correspondent/client account in Incore;
• IT Platform: the company outsources banking software to IORYS;
• AML and Legal documents: the company has necessary Terms and Conditions, AML policies, procedures, matrixes, as well as other policies and procedures required by law;
• The company rents external KYC and payment monitoring solutions;
• Burn-rate: the company spends around 10,000 EUR per month for paying directors, office, AML tools, etc.

Activities:

• Services enabling cash placement on a payment account;
• Services enabling cash withdrawals from a payment account;
• Execution of payment transactions (not covered by a credit line);
• Execution of payment transactions (covered by a credit line);
• Issuing payment instruments or acquiring payment transactions;
• Money remittance;
• Issuing Electronic Money.

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Offer details and price:

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