Licence & Business
- UK Authorised Payment Institution
- International money remittance business
- Coverage across India, Bangladesh, Pakistan, Sri Lanka and ~40 other corridors
- Current transaction volume is minimal
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Banking & Safeguarding
- Banking and safeguarding with EM Bank in Lithuania
- No fines or liabilities reported
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Technology & Team
- In-house developed software
- Basic software version can be transferred as part of the deal
- MLRO currently employed and willing to remain
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Operating Costs
- Approximately $4,000/month
- Includes MLRO salary, banking costs and office rent
- Current capital requirement: €20,000
