An FCA-authorised UK electronic money institution is offered in a full share acquisition with its proprietary white-label payment platform and card-scheme infrastructure.
Regulatory Scope
The partner reports e-money and payment permissions, issuing and acquiring, money remittance, payment initiation and account information services, subject to the FCA permission schedule.
Acquisition Package
- Owned software, repositories and technical documentation
- Visa and Mastercard principal memberships
- Banking Circle safeguarding arrangements
- Citi institutional banking relationship
Transaction Review
The partner describes a pre-revenue platform. The buyer develops the customer book and appoints its operating team and regulatory functions. Scheme status, intellectual property and banking agreements should be verified, with continuity subject to the relevant reviews.
Commercial terms: Available on request, subject to current availability and due diligence.