Company history/background
Substantial reduction of transaction costs
The company aims to be an E-commerce Bank and Payment Service Provider with a distinctive structure for online and offline businesses. Through this structure, transaction costs for these European businesses will be reduced by 40% to 50%.
Company activities
Full-service bank
In addition to payment services, all traditional banking services and products will eventually be offered, so that customers are provided with a complete package of services.
Unique selling points
Investments
The initial capital requirement amounts to 1.5 million euros. This working capital will be used to work towards the moment when obtaining the banking license becomes a reality.
As soon as the granting of the banking license becomes irreversible, additional capital is required, of which:
- 10M Euro in the form of a surety bond/bank guarantee
- 23M Euro, in the form of additional working capital through equity participation
Other
Funding strategy
The company is looking for:
- a participating financial heavyweight as co-founder
- investors (formal and informal) in the share capital of the bank / payment provider. Participation is possible from 750K Euro.
- Investing e-commerce companies with at least 500 transactions per day. Participation is possible from 250,000 euros.
- a solid party for the guarantee
Personal data
- MBI candidate
- Strategic acquisition
- Investor