MSOs or EMIs for sale
|EMI/MSO name?||MSO||MSO||Two EMIs||AEMI||EMI||SPI|
|EMI/MSO jurisdiction?||Hong Kong||Hong Kong||UK/Lithuania||UK||Lithuania||Czech Republic|
|Price to purchase EMI/MSO?||€0.13m||€0.17m||£1,75m/£1,95m||$1,037m||€2.08m||€0.55m|
|Paid up share capital (US$)?||N/A||N/A||N/A||N/A||€0.38m||Not disclosed|
|Year of establishment?||2019 (License obtained)||2018|
|EMI/MSO licenses and registrations?||MSO and Money Lenders License5||MSO License6||EMI License1||No information2||EMI License3||Licensed by Bank of Czech Republic4|
|Is this a private Bank or commercial Bank?||N/A||N/A||N/A||N/A||N/A||N/A|
|Regulator?||N/A||N/A||N/A||FCA||N/A||Czech National Bank|
|Online license information available?||N/A||N/A||N/A||N/A||N/A||N/A|
|Latest financials available?||Not disclosed||Not disclosed||Not disclosed||Not disclosed||Not disclosed||Not disclosed|
|Financial reports available publicly?||To be disclosed|
|Allowed EMI/MSO activities?||N/A||N/A||N/A||Yes||Yes||Yes|
|Correspondent bank accounts?||N/A||N/A||N/A||N/A||N/A||N/A|
|Custodian Bank accounts?||N/A||N/A||N/A||N/A||N/A||N/A|
|Number of existing employees?||-||-||-||-||N/A||-|
|Foreign shareholder allowed?||Yes, subject to PRA|
|Sole foreign shareholder allowed?||Yes, subject to PRA|
|Management and staff to stay on after sale?||N/A||N/A||N/A||Yes||Yes||N/A|
|Assets Under Management?||N/A||N/A||N/A||N/A||N/A||N/A|
|Securities regulatory actions or investigations?||N/A||N/A||N/A||N/A||N/A||N/A|
- Both EMIs have no business activities and software.
- No previous operations,Teido software. Bank account in LV, No warnings or penalties from the FCA; Full assistance with Change in Control and bank accounts.
- Non-operational; has a corporate multicurrency account and client segregated account with local bank; reason for sale: EMI was to support their other business. But they faced lack of funds to run it so instead decided to make a partnership deal with another EMI and sell the license.
- Semi-active; Account in commercial bank in Latvia and in EMI in Lithuania; no debt; PSD2 compliant; owned software, website + Android App + iOS; IBAN service provider available; SWIFT, SEPA, payments routing.
- Not operational, clean company; bank account in Hong Kong Bank; the seller provides a new director; Licence renewal in 09-2021. Maintenance services cost is EUR 3,700/month; term ownership change – 1 month.
- The Company submitted necessary records and applications to supervision HK authorities and has a good track of quarterly and annual submissions.