Description

Geneva, Switzerland

Business ID: L#20200578

Swiss multi-function banking services and crypto exchange company and gateway for sale.

• Price: CHF 2.5 million
• Est. 2019
• Domicile: Geneve, Switzerland
• Company: Licensed Swiss AG (para-banking license, in good standing)
• Platform user functions:

• • Complete crypto to fiat solution!
  • Bank transfers: SWIFT and SEPA
  • Digital asset exchange: Platform is already integrated with crypto buy/sell/receive/send for major cryptocurrencies
  • Wallets: Integrated secure cold storage non-custodial crypto wallets. Hot wallets, cold storages (ability to add additional wallets).
  • User-to-user internal money transfer
  • Obtain virtual or physical prepaid debit card. Cards can be branded, metal, etc.
  • User IBAN accounts, for sending and receiving international wire transfers.
  • Instant currency exchange, multiple currency capability.
  • Top-up by card or wire transfer
  • Automated integrated KYC system.

• Problems solved by the Company and Platform:

• • Complete turn-key delivery, ready for business
  • Complete crypto to fiat solution – load to debit card and spend anywhere, withdraw funds to your outside bank, money transfer to another user, bank transfer and pay bills.
  • Individual and corporate accounts
  • Multi-currency supported
  • Prepaid debit card, load with crypto (or other) proceeds and spend anywhere
  • Very high crypto liquidity

• Description of the Company’s regulatory license (SRO):

• • In Switzerland, there are two categories of financial intermediaries. One category includes banks, insurance companies, securities dealers, fund managers, etc., and is subject to supervision under Art. 2, para. 2 of the AMLA. The other category, referred to by FINMA as the “alternative” or “para-banking” sector covers all other financial intermediaries and is subject to supervision under Art. 2, para. 3 of the AMLA. This company’s license falls under the para-banking category and has membership with a supervisory body officially approved by FINMA.
  • The change of ownership does not require regulatory approval. It only requires a notification to the regulator and does not interrupt business. SAMF takes care of the change of ownership and business model notification.

• Other:

• • The banking services software platform is delivered fully integrated with our preferred banking and card services provider for all services necessary to provide the platforms multi-function capabilities listed herein.
  • The Company owns a perpetual software license for the software banking platform. This means no monthly software license fees ever.
  • The software is fully customizable.
  • The company is already staffed with the required personnel to maintain the license. The Swiss resident director and chief compliance officer are highly experienced, suitable for the license and legalised with the regulator. They agree to stay on after the sale, at the pleasure of the new shareholder(s).
  • Low ongoing base running costs – most first year running costs are paid for the first 6 months, including the Swiss director and Swiss AMF officer yearly fee, registered office, and maintenance!
  • Custodian banks/payment institutions for IBAN issuance already in place. Purchaser can keep current banking services providers, or change.
  • The Swiss developed platform comes integrated with a Swiss automated and Intelligent AML ID Verification Tool, which empowers the user to immediately utilize all functions of the platform. Once onboarded, users can open corporate accounts and corporate bank accounts.
  • Company has no debt, lawsuits or taxes owed (comes with Warranty)
  • Foreign purchaser and shareholders are allowed.
  • The handover process is very simple and fast in Switzerland because there is NO regulatory approval requirement for changes in ownership. Once the SPA is executed and the payment received, the shares change hands. Our group stays on to handle all corporate services including the accounting, financial and compliance audits, general consulting and more.
  • 100% turn-key – All corporate administration partners are in place including the accountant, financial and compliance auditor, etc.
  • No commissions or transfer costs.
  • SAMF handles the handover process completely and thoroughly, included with the deliverables.
  • The company currently does not have customers, AUM, or revenue.