MSB & Licensed Payday Lender in Canada

Overview

This is a rare, fully integrated Canadian financial services company offering a dual operating model: a FINTRAC-registered Money Services Business (MSB) combined with a government-licensed direct payday lender in Alberta. Incorporated in 2023, the entity holds an active, operational Tier 1 Canadian bank account with zero AML flags.

Business Activities

• Money remittance
  
• Payment Service Provider (PSP) operations
  
• Foreign exchange dealing
  
• Payday loans as a government-licensed direct lender in Alberta

Key Features

• Tier 1 Canadian bank account – operational for 12+ months with no AML flags
  
• Bank-approved Compliance Officer & Compliance Manual adhering to FINTRAC AML, PCMLTFA, and PIPEDA SOP requirements
  
• Compliance Officer available to stay on for seamless ownership transition and business expansion (option is available if required) – has multiple connections in the lending industry
  
• Authorized & compliant with payment processor for MSB/lending operations
  
• Instant Bank Verification (IBV) compliance & integration – secure access to customer bank account data used for customer underwriting
  
• Loan Management System (LMS) integration for payments
  
• Software integrations of the payment processor, IBV and LMS is complete and ready to use
  
• Clean financials – no debts, T2 forms filed with CRA

Optional: Existing client base available for transfer

Interested in this listing? Contact Coincub via coincub.com/marketplace to request the NDA, verify the banking and licensing documentation, and arrange an introduction to the current owners.