EMI in the UK and Ukraine for sale

Key details

• Licence date: 2019
• Clients: migrants in the EU; the remittance business is low-risk
• Ukraine: licensed to operate there and entered in the register of the National Bank of Ukraine
• Audit: successful and available
• Accounts: Lithuania, the UK and Poland
• Staff: 10
• Offices: head office in London, R&D in Kiev (Ukraine)
• Share capital: €400,000
• Cash on hand: €350,000 at present

Operations

• Money transfers are processed on the company’s own software, which has APIs and a sandbox
• More than 10 money transfer contracts are signed with established partners across the UK, EU, Ukraine, North America and Asia
• Integrations: 5 done, 2 under way
• Clients are already being served, with transfers going from the EU to Ukraine