API in the UK for sale

The company holds an API license allowing remittance processing.
The license permits additional services like acquiring and cash lodgment, pending FCA notification.
Company has clean history without any issues with regulator or customers.

Technology:
Applications for iOS, Android, and Web, all integrated with the company-owned backend system.

Products:
Remittance services to the EU with pay-in methods: card payments, open banking, and bank transfers.
Pay-out methods: bank transfers, push-to-card (Visa and Mastercard), and cash collection (Post Office in Poland, 10k+ locations in Ukraine).

Main corridor: UK to Poland (GBP/PLN).

Customers:
Individuals: Poles living in the UK sending money home.
Businesses: UK-based companies importing goods from Poland and other EU countries.
Currently, no high-risk customers.

Fees & Margins:

Individuals:
Standard D+1: £1.99 + 1.8% FX.
Express (instant): £3.99 + 1.8% FX.

Businesses:
Standard D+1: 0.5% FX with no additional fees.

Partners:
FGC, iFX: EMI banking service providers.
Convera: FX and international payments.
Checkout, Worldpay, Ecompay: Card acquiring and open banking providers.
Alior Bank, Autopay: Local payment solutions and safeguarding in Poland.
Inteliexpress: Cash collection services in Ukraine.
Expansion & Integration:
Initiating integration with payment providers without UK licenses, serving similar customers (e.g., Easysend for Poles in the UK).
One connection established, with two more in progress.
Plans to become an ecommerce gateway.
Business Model Transition:
Focus on large customers and collaborations with payment institutions.
Cost optimization through outsourcing to a Polish entity.