The transaction represents an opportunity to acquire an existing regulated structure without taking over an active customer portfolio or proprietary technology platform. The company currently has no clients, while an experienced team of approximately 13 professionals can remain with the entity following the acquisition.
The institution also maintains three safeguarding accounts with banking institutions in the EU
License Scope
Services enabling cash to be placed on a payment account
Services enabling cash withdrawals from a payment account
Execution of direct debits
Execution of payment transactions
Execution of credit transfers
Execution of direct debits (covered by a credit line)
Execution of payment transactions (covered by a credit line)
Execution of credit transfers (covered by a credit line)
Issuing of payment instruments
Acquiring of payment transactions
ID 4510
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