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Jul 3, 2020This is a unique opportunity if you are looking to buy a payment institution or AEMI ( Authorised Electronic money institution).

We are selling an FCA authorized payment institution ( API ) registered in UK for almost 20 years.

This API license can be easily changed to an AEMI licence as the company has two safeguarding accounts and a very good tracking history with FCA. An AEMI application would take around 5/6 months.

Currently the company is working in the remittance sector but there is a huge potential to grow the company to other .

Once the company become an AEMI ( digital bank ) it can also offer the following services :

• Multi-currency exclusive IBANs
• Pre-paid cards
• Digital Account
• Services enabling cash to be placed on a payment account.
• Services enabling cash withdrawals from a payment account.
• 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.
• 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.
• Issuing and/or acquiring of payment instruments.
• Money transfers.
• Payment Initiation Service
• Account Information Service
• Issuing of Electronic Money

Current volume
Actual volumes: £600,000 monthly volume
Actual number of customers orders : Around 2,000 money transfer orders per month

Financial Performance
Monthly sales : £25/30 k average
Monthly overheads: £20/£ 25 k average

Bank accounts
- 2 UK safeguarding business bank accounts ;
- Online ( 2 merchant providers already set up and operating ) and offline ( store ) methods

Price £ 500,000/£550,000 ( The seller is happy to add the EMI granted application as condition of purchase).
The AEMI application should be paid separately but it will be 100 % fee guaranteed.
Once the AEMI licenced is granted by FCA this company will be worth at least £ 800k/ £850k.

Best wishes

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