This is an established Electronic Money Institution (EMI) authorized by the Bank of Lithuania.

The company has been operating since 2021 and offers a fully functioning European payments platform with existing customers, experienced management, regulatory infrastructure, and passporting rights across 29 EEA countries.

Unlike dormant licenses, this business is already processing payment transactions and has invested heavily in compliance, technology, and operational infrastructure.

Why this EMI stands out

This acquisition includes considerably more than an EMI license.

Highlights include:

• Bank of Lithuania authorised EMI
• Passported across 29 EEA countries
• Approximately 150 active clients
• EUR 19.37 million transaction volume during 2025
• EUR 700,000 share capital
• Experienced executive and compliance team
• Dedicated Head of Compliance and MLRO approved by the Bank of Lithuania
• Independent annual financial audits
• Multiple external AML audits completed
• DORA compliance framework implemented
• Company expected to approach profitability during 2026

Payment services and capabilities

The company has developed an operational payments infrastructure capable of supporting modern fintech businesses.

Capabilities include:

• Electronic money issuance
• Payment account services
• SEPA payments
• SWIFT payments
• Dedicated EUR IBANs
• Direct debit services
• Multi-currency transaction support
• Open Banking functionality
• AML and sanctions screening
• Customer onboarding and KYC
• Transaction monitoring
• Future card issuing and merchant acquiring capabilities are currently under development

Banking and payment infrastructure

The company maintains established relationships with payment providers and European financial institutions.

Infrastructure includes:

• Operational accounts with Paysera
• Three safeguarding accounts with EU banks
• Connection to CENTROlink operated by the Bank of Lithuania
• Own SWIFT Business Identifier Code (BIC)
• TARGET services onboarding in progress
• Capability to process transactions in up to 42 currencies
• Planned support for dedicated client IBANs in at least 12 currencies following migration to its proprietary core banking platform

Technology platform

The business has invested substantially in its technology stack.

Current infrastructure includes:

• Crassula core banking platform
• Open Banking modules
• SEPA and SWIFT payment processing
• IBAN issuance
• AML and sanctions screening
• Proprietary KYC workflows
• Proprietary transaction monitoring tools
• Customer portal and front-end platform

The company plans to migrate to its own internally developed core banking platform during 2026.

Compliance and governance

Regulatory compliance has been a major area of investment.

The company maintains:

• Approved MLRO and compliance function
• Annual independent financial audits
• Quarterly regulatory reporting
• Annual tax and corporate reporting
• External AML reviews
• DORA compliance documentation
• Internal audit arrangements
• Policies covering AML, sanctions, governance and operational resilience

In 2022, the Bank of Lithuania imposed one administrative fine relating to insufficient capital and a delayed annual financial report. According to the seller, the company has since strengthened its compliance framework through additional investment in governance, AML controls and regulatory processes.

Why Lithuania?

Lithuania has become one of Europe’s leading fintech jurisdictions, attracting electronic money institutions serving customers across the European Economic Area. An authorized Lithuanian EMI can, subject to applicable regulations, passport its services into other EEA markets, making it an attractive platform for cross-border payment businesses.

Buying through Coincub

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Every listing undergoes an initial review before publication. Buyers should perform comprehensive legal, financial and regulatory due diligence, including discussions with the relevant supervisory authorities where required, before completing any acquisition.

FAQ

1. Is this a fully authorized EMI?

Yes. The company has been authorized as an Electronic Money Institution by the Bank of Lithuania since 18 February 2021.

2. Can the company operate across Europe?

Yes. According to the seller, the EMI has passporting rights in 29 EEA countries, subject to applicable regulatory requirements.

3. Does the company already have customers?

Yes. The business serves approximately 150 clients and processed more than EUR 19 million in transaction volume during 2025.

4. Has the company received any regulatory sanctions?

Yes. One administrative fine was issued by the Bank of Lithuania in 2022 relating to capital requirements and a delayed financial report. The seller states that additional compliance measures have since been implemented.

5. What is included in the sale?

The sale includes the authorized EMI, payment infrastructure, technology platform, regulatory framework, operational banking relationships, established management structure, and the existing operating business, all brokerage fees, subject to the final transaction terms.

• 100% ownership of the Lithuanian legal entity
• The Bank of Lithuania EMI authorisation, subject to the applicable regulatory approval process
• The company’s existing operating infrastructure, contracts, policies and relevant technology stack
• Brokerage fee