United States
| Description | Comments/Explanation |
|---|---|
| Sale Type | Money Transmitter Licenses for Sale |
| Asking Price | $ 6,000,000 |
| Floor Price (as per our estimates) | Not Defined |
| License Type/Details | 34 States Active Licenses out of 45, One License is Cease & Desist as per regulatory notice. |
| Geography | United States |
| Limits | Only as per each state limits per Surety Bonding |
| Partial or Full | Full License Sale |
| Intended Timeframe | ASAP |
| Broker Involved | Yes. |
| Good Standing | Yes/No. One Cease and Desist notice has been served. Other licenses can/could suffer the same fate. To be determined by the State Regulator. |
| Functioning | Dormant |
| Bank Account | Available, but it might not be transferable / operational after the sale. |
| Correspondent Tie-up Agreements | None |
| Revenue Share | Not applicable |
| Compliance Manuals & Related Programs | Will be provided for |
| Human Resources / Staff | Four (US) |
| IT Systems and Software | None. It can be leased by the Seller to the new Buyer |
| Payment Processors | One for ACH processing. |
| Escrow (Attorney) | Common to both, and Buyer will pay fees. |
| Seller’s Legal Fees | They are responsible for themselves. |
| Buyer’s Legal Fees | They are responsible for themselves. |
| Buyer’s Premium | 10% |
| Seller’s Premium | 10% |
| NDA/NC | Will be required. |
| Data Room Access Deposit | $15,000 |
| Deduction | $2,500 |
| Comments | — |
United Kingdom
| Description | Comments/Explanation |
|---|---|
| Sale Type | SPI License for Sale (Complete Transfer) |
| Asking Price | £ 220,000 |
| Floor Price (as per our estimates) | Not Defined |
| License Type/Details | SPI License (Active) in the UK, under FCA |
| Geography | United Kingdom |
| Limits | SPI Limits of € 3 Million per month |
| Partial or Full | Full License |
| Intended Timeframe | Available for Sale Now |
| Broker Involved | Yes |
| Good Standing | Yes |
| Functioning | Active |
| Bank Account | Yes, and we can also additionally arrange for a Bank Account (£ 7,500 one-time fee applicable) |
| Correspondent Tie-up Agreements | One only (Philippines) |
| Revenue Share | Available for a partial sale, but the client prefers to sell the license as a whole. |
| Compliance Manuals & Related Programs | It will be included as part of the sale. |
| Human Resources / Staff | 2 in the UK, and 5 in the Philippines |
| IT Systems and Software | Not included (they have a lease you can continue with their existing vendor) |
| Payment Processors | None |
| Escrow (Attorney) | Buyer will arrange and pay for it if they plan to use it |
| Seller’s Legal Fees | They are responsible for themselves. |
| Buyer’s Legal Fees | They are responsible for themselves. |
| Buyer’s Premium | 18% |
| Seller’s Premium | 5% |
| NDA/NC (Non-Disclosure Agreement / Non-Circumvent) | It will have to be signed |
| Data Room Access Deposit | £ 7,500 |
| Deduction | £ 1,000 |
| Comments | — |
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This page was last updated on October 5, 2023.
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