Recently licensed Swedish Payment Institution (PI) for Money Remittance, with banking infrastructure already connected.

📌 Key Highlights
• Jurisdiction: Sweden
• Incorporated in 2025
• Licence obtained: September 2025
• Licensed, not yet activated
• 4 directors
• External Head of Compliance / Compliance Team in place
• EUR 20,000 additional capital contribution required prior to activation

🏦 Banking & Payment Infrastructure
• Banking-as-a-Service connected via API to Banking Circle
• IBAN generation capability through existing infrastructure
• Non-named IBAN functionality where supported and permitted

💼 Permitted Activity
Money Remittance

Asset number: 3806

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