UK FCA Authorised E-Money Institution (EMI) License #1012 For Sale

Company Key Facts

• Authorisation: FCA EMD (Authorised Electronic Money Institution) since July 2021

• Country of Registration: United Kingdom

• Website: UK domain, live operational website

• Licence Type: EMI

• Licence Passporting: Not passported; UK only

• Visa / Mastercard Membership: Visa principal (issuing), Mastercard affiliate

Allowed Services / Permissions

• 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

Payment Network Connectivity

• SWIFT: Connected BIC code available

Company Management & Staffing

• MLRO and Director available to stay on

• 6 outsourced staff; some may stay on

• Outsourced Partner: XOALA – Steven AB

Services Currently Provided

• IBANs and foreign exchange (FX)

Target Clients

• Corporate and individual clients

Supported Currencies

• GBP, EUR, MCCY

Fines / Warnings

• None

Correspondent / Safeguarding Banks

• Bank of London, Griffin Bank, Bond CB, European Merchant Bank, LHV Bank (pending)

Financial Data

• To be disclosed in due diligence

IT Setup

• Core banking: Integrated Finance; CRM: Hubspot; FX/Treasury: Currency Cloud

• AML/KYC: Comply Advantage integrated; SEPA onboarding with LHV

• 2FA authentication available via Twilio

Operational & Financial Overview

• Business status: Dormant (no ongoing operations)

• Office: Shared with group company

• Monthly burn rate: GBP 45,000

• Estimated annual maintenance: GBP 540,000

• USD account: Available

• Office availability for buyer: To be negotiated

• Directors and staff: Available to stay post-transaction