sEMI Sale Proposal - UK/EU/USA Electronic Money Institution

BACKGROUND:

History

The target was founded in 2016 by a UK based entrepreneur and a SEMI license was granted 2020. Initially the Money Service business which is the activity of this entity. It later evolved into the areas of Electronic Banking and obtained the Electronic Money License allowing them to provide innovative services.

Allow them to provide the following:

• 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

Angle

The operation combines the advantages of a fully licensed sEMI with the focus and reach of independent sEMI operating and licensed from the Financial Conduct Authority.

Operations

The business lines are ; Money Remittance, E-Wallets, Banking Services.

BUSINESS OUTLOOK

The current management opted for a strategy that focuses on the continuation of all Electronic banking services while the license awards the possibility to develop other facets (retail, merchant, digital, etc.).

The entity’s Current Holdings/Resources:

Accepting payment locally in the United Kingdom from clients.

• 3 Bank Account in UK with Sort Code/Account Number, to accept payments from clients.

Accepting card payments online.

• Payment gateway provider for card payments acquire.

Safeguarding bank account in Europe

• Requirement from the FCA to safeguard clients funds under the EMR2011

Platform ready to issuing bank account in the UK and EU for Individuals and cooperate account.

• Baas platform, providing bank account for businesses and individuals in UK/EU, under their own name with sort code account numbers and IBAN. And able to open 10+ currencies with own dedicated IBAN.

Platform ready to issuing bank account in 50states and global in the USA for Individuals and cooperate account.

• Baas platform, providing bank account for businesses and individuals in United States Of America, under their own name with US Local account.

sEMI License in UK from the FCA

• Electronic money institution License with a remittance permission to operate in the UK

Electronic money institution License to operate in the EU

• EMD/EMI License issued from the Central Bank of Lithuania.

Platform ready to send money over the 50 countries around the world, wallet/bank/cash collection.

• Platform and the network are ready to send and receive money to over 50+ countries from one platform

System to control all your business needs.

• Banking/system platform for the company that includes, opening wallets for clients, initiating payments from the system, managing customer data, create agents accounts. Manage all your business from one system.

Technology to comply with the PSD2 and the Financial regulatory bodies.

• Latest technology system all latest API features, System security and triggers and top noch, system comes with triggers to comply with the UK/EU regulations. Compliance/sanction screening all integrated in the system.

Mobile Application on IOS/ANDROID

• Individual and Business Clients to open bank accounts in UK/EU/USA more than 20+ currencies dedicated IBAN/account number, application to manage their funds. Send and receive money to 50+ countries through ewallets/Bank/cash collection and online payments

Services to offer

Operating Sponsorship license in the UK or the EU from one Office, ready to employ overseas.

• Platform White-lable to the start-ups
• Card issuing
• Acquiring
• licenses in place to support clients from any country. 

Next steps

The following next steps are proposed:

• The Parties to go through this document and agree what is appropriate for them
• Preparing the NDA and signing
• Proof of funds
• Sharing the company information
• Due diligence
• Agreement
• Works to commence

Asking Price

Contact Us

Closing

To summaries, I convey that the task of the reach the right accurate and profitable company is challenging.

However due to our position in the market, our contacts/resources and knowledge of the sector, we’re able to connect you with the profitable Company to purchase.

Works can commence once you are happy to proceed.

Sign up for the business Contact Us