UK Electronic Money Institution (EMI) for Sale - Regulated Financial Services Business

This listing presents a UK Electronic Money Institution (EMI) for sale, located in London, United Kingdom. Founded in 2019, the company is authorized and regulated by the Financial Conduct Authority (FCA) and holds all available E-money and Payments permissions. These include E-wallets, prepaid debit/credit cards, Ecommerce acquiring, open banking services (account information and payment initiation), and online money remittance. The EMI is a Principal Member of MasterCard for both Issuing and Acquiring. It maintains EUR and GBP safeguarding accounts at LP7 and a business account at Lloyds. Additionally, it offers virtual wallet accounts in numerous currencies (AED, AUD, BHD, CAD, CHF, CZK, DKK, EUR, HKD, HRK, HUF, ILS, JPY, MXN, NOK, NZD, PLN, QAR, SGD, THB, TRY, USD, ZAR) via Currency Cloud, with indirect access to Faster Payments, SEPA, and SWIFT. The business has the ability to issue virtual IBANs and process payments in a wide variety of currencies. The current directors are willing to stay on to manage the change in control process. The asking price is $3,794,708 (£2,800,000 GBP). Cash flow and sales figures are not disclosed.