EMI for sale in Latvia

Inactive e-money business available for sale in Latvia, Riga.

Apart from e-money business, the company has over 350 physical sales points across Latvia, providing terminals for purchasing all kinds of vouchers (games, iTunes, etc.) and bill payments (primarily for residents in Latvia).

- Business plan tailored for retail, card and account issuing: еhe business model targets low to mid-risk retail and business users who will use SEPA and card payments. High risk up to 15% of the total volume.
- The company has not yet started active work (10 active clients).
- Banked at Magnetiq Bank and Industra Bank.
- In process of becoming a VISA principal member for card issuing (approx. go-live date is Q4 2025) included in price.
- Card processing currently provided by DECTA.
- Card personalisation bureau: TIETOEVRY, manufacturer: TAG.
- Own in-house built core banking software included in the price. Fully integrated KYC, KYB, and TX monitoring modules via SumSub.
- SEPA DIRECT payments via EKS* of the Central Bank of Latvia (identical to CentroLink in Lithuania).
- Live date scheduled for August 2025. (*EKS will become the cheapest SEPA payment in the world at 0.006€ per tx. EUR SEPA payments via Magnetiq Bank are live).
- Staff of 6 people (CEO, COO, CCO, CTO, plus 2 employees) might consider staying.
- €35,000 monthly burnout, equal to monthly turnover.
- Share capital is €600,000.

Zero fines, zero liabilities.