Swedish Payment Institution
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
Information is indicative and confirmed on enquiry. Acquisition is subject to due diligence and the applicable regulatory approvals.