AFSL and Canadian MSB RPAA Registered Company

This unique offering combines an Australian Financial Services License (AFSL) and a Canadian Money Services Business (MSB) registration, providing a robust platform for financial services across two major markets. The AFSL, granted in December 2023, authorizes the licensee to provide general financial product advice and deal in non-cash payment products and foreign exchange contracts. It also allows making a market for foreign exchange contracts to both retail and wholesale clients. The company, registered in May 2022, has demonstrated genuine trading activity with a significant increase in fee revenue and trading profit in FY26. The Canadian MSB, registered in April 2024 and obtaining its MSB registration in June 2025, operates as a Payment Service Provider under the Retail Payment Activities Act (RPAA) with the Bank of Canada. It is also registered with FINTRAC and Revenue Québec. The entity is well-integrated with the main holding company, ensuring seamless operations. This dual-licensed entity is supported by multiple bank accounts, including CBA and Banque Libano-Francaise for trading activities, and Currency Cloud for Canadian operations. The client base is robust, with 2,186 active customers in Australia. This sale is prompted by a change in partner relationship plans, offering a strategic opportunity for expansion into the financial services sector.