Advapay is a leading global one-stop-shop provider of fintech licensing consulting services
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We help to run fintech businesses and provide fintech consulting
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Jurisdiction selection and structuring advice
02
Preparation of all business, IT, and compliance documentation
03
Communication with regulators
04
Local team recruitment
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Provide regulatory-compliant core banking software with comprehensive descriptions
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Payment infrastructure development and BaaS solutions
Advantages of Working With Us
Happy clients worldwide
We have helped dozens of companies from Europe, Africa, Asia, and America launch their fintech.
Practical knowledge
We are fintech practitioners with a proven track record of launching successful payment businesses.
Focus on business
Thorough fintech consulting centered on delivering a working vehicle to meet clients’ goals.
Fintech consulting: start your payment business fast
Canadian MSB license:
the fastest and easiest way to get your license
The best all-around jurisdiction for new fintechs. It is commonly used by companies with different risk profiles and business models (remittance, e-wallets, crypto).
Pros:
- Affordable, easy, and fast registration
- Covers a wide range of fiat and crypto payment services
- Friendly regulator, open to international businesses
Agency scheme (EU/UK):
easy access to European markets
Agency registration with an existing Electronic Money Institution is a common organizational solution behind the concept of embedded finance or banking as-a-service.
Pros:
- Easiness of registration
- Ability to provide services across the EU/EEA or UK market
- Access to well-developed payment infrastructure
Jurisdictions
we cover
Own Payment Institution, Electronic Money Institution or other Payment Services Provider license is a prestigious and powerful solution for well-established businesses with experienced teams and substantial funding behind them. We offer fintech consulting across various jurisdictions in the EEA/UK, Canada and Bahrain.
Local substance and team: 2-10 officers at the moment of authorisation, depending on the jurisdiction. Some shall be local, and some shall be identified at application submission.
Capital requirements: EUR 125k for PI or EUR 350k for EMI of a minimum share capital in the EEA/UK, additionally funding for the company development (usually over EUR 1 million). For Ancillary Service Provider Specialized License holders in Bahrain, a minimum core capital requirement of BD 250,000 (approximately EUR 615,000 as of October 29, 2024) is mandated.
Timeframe: 6-18 months, depending on the jurisdiction
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