Ontario MSB with FINTRAC and RPAA Registrations

An operational, debt-free Canadian MSB is available for acquisition in Ontario, Canada. Established in February 2021, this company holds a FINTRAC MSB registration and is registered with the Bank of Canada as a payment service provider under the RPAA. The business is priced at EUR 165,000. The company engages in a variety of business activities including money transfers, payment services, foreign currency exchange, virtual currency transactions, payment processing, and crowdfunding platform operations. It boasts a robust banking and payment account setup with CAD and USD accounts at RBC, a USD account at FC Bank, crypto exchange accounts at Aquanow and Kraken, a CAD payment account at Apaylo, and USD and CAD merchant accounts at Moneris. Included in the offering are a client base, tangible assets, banking and payment accounts, crypto exchange accounts, and KYC/KYT/KYB tools. A dedicated team is available to continue operations. The company’s shareholder capital is fully paid at 100,000 euro.