API (authorized payment institution) license in the UK

Details of this transaction

• API license that has been previously used for money remittance between UK & Poland.

• The license can be transferred to a qualifying buyer and be ready for use within a short period of time.

• The seller is able to facilitate the transfer process.

• PSD2 authorization

• Clean – No fines or warning from FCA

• Passportation – UK + Gibraltar

• Capital GBP 155.000

• External Compliance Audit Dec 2019 – Passed

• Business & Safeguarding Bank accounts in Poland, Latvia & Lithuania

• The company has an account with SafeNetPay (UK), Igoria (Poland) & CurrencyOne (Poland)

• Company may issue its own IBANs in EUR currency for SEPA & SEPA Instant)

• All Necessary internal documentation (procedures and policies) for conducting of E-money business and opening of correspondent accounts

• CENTROlink (Bank of Lithuania) for SEPA Credit Transfer and SEPA INSTANT Credit Transfer payment schemes. Potentially the company may get a connection to Target2 (via a commercial bank in Latvia)

• The rental agreement for the SaaS platform. The agreement can be stopped at any time for further migration to another platform