Authorized Payment Institution, license granted by the Regulator in 2020. License is valid for the following activities:
1) services enabling cash to be placed on a payment account as well as all the operations required for operating a payment account;
2) services enabling cash withdrawals from a payment account as well as all the operations required for operating a payment account;
3) execution of payment transactions, including transfers of funds on a payment account with the payment service provider of the payment service user or with another payment service provider: execution of direct debits, including one-off direct debits, execution of payment transactions through a payment card or a similar device and/or execution of credit transfers, including standing orders;
4) execution of payment transactions where the funds are covered by a credit line for a payment service user: execution of direct debits, including one-off direct debits, execution of payment transactions through a payment card or a similar device and/or execution of credit transfers, including standing orders;
5) issuing of payment instruments and/or acquiring of payment transactions;
6) money remittances;
Other important details:
• Connected to SEPA payment scheme.
• Core banking software with both Android and iOS mobile apps in place.
• Own brand, company website
• Strong Board, Compliance and AML officers, all former bankers with decades of experience.
• Offices in Lithuania and another EU country
• Own BIC / SWIFT code
• own LEI code
• signed agreement for the issuing of own branded MasterCard cards
• Segregated customer and commercial banking accounts with 5 EU banks
• treasury agreement for currency exchange with 2 EU financial institutions
• business model: services offered for businesses, companies and corporations, no private individuals
• Connection to SWIFT payment scheme underway
• Application for Payment Initiation services underway
49% of shares for sale. The package comes with the right to choose/select Board-members, and management, thus asserting total control over the professional and regulatory activity of the payment institution.
Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.