We are pleased to present a well-established Canadian Money Services Business (MSB) licensed and regulated by FINTRAC, with additional Payment Service Provider (PSP) registration with the Bank of Canada.
The company has been operating since 2017, maintains a clean regulatory record, and offers a fully built operational infrastructure, including banking, mobile applications, APIs, and active international remittance corridors.
This opportunity is suitable for buyers seeking an immediately deployable MSB platform, as well as investors interested in a regulated Canadian remittance and FX business with expansion potential.
Key Highlights
Jurisdiction: Canada
Regulator: FINTRAC (Financial Transactions and Reports Analysis Centre of Canada)
Licence Type: Money Services Business (MSB)
Licence Issued: November, 2017
Additional Registration: PSP registration with the Bank of Canada
Status: Active
Compliance Standing: Clean record – no penalties, audits, or enforcement actions
Licensed Scope of Activities
- Foreign exchange services
- Money transferring / remittance
- Payment services (PSP)
Operations & Market Scope
- Active global remittance corridors from Canada to:
Philippines, China, Malaysia, Hong Kong, Vietnam, India, Korea, and additional markets
- Revenue model based on transaction fees and FX margins
- No existing retail client base onboarded yet, allowing flexible repositioning
Infrastructure & Technology
- Active banking relationships:
- Pateno Payments
- IFX Payments
- Ability to accept and process client funds
- Fully developed technology stack included in the sale:
- Business website
- Mobile applications (Android & iOS)
- Backend system with APIs
- Toll-free business phone line and corporate email
- Office lease in place
Corporate & Compliance
- Full suite of AML/CTF compliance policies and procedures included
- No outstanding liabilities or debts
- Share capital fully paid
- Audited financials / management accounts available
- Existing team available to remain post-acquisition, subject to agreement
Financial Overview
- Monthly banking fees: approx. CAD 8,500
- Revenues & transaction volumes: N/A (ready for scale)
Transaction Details
Asking Price: Available on request
Deal Structure: 100% share transfer
What’s Included:
- MSB licence & PSP registration
- Banking relationships
- Full technology stack (apps, APIs, backend)
- Compliance framework
- Corporate entity and IP
Closing Timeline: As soon as possible
Support & Transition
- Post-acquisition operational and compliance support available
- No regulatory restrictions or approvals required for change of control
Advantages
- Long-established FINTRAC MSB (since 2017)
- Clean regulatory and corporate history
- Active international remittance corridors
- Fully developed mobile and backend infrastructure
- Banking in place to accept client funds
- Suitable for immediate operation, scaling, or strategic investment
Next Steps
Contact us to receive the full company dossier, FINTRAC licence confirmation, compliance documentation, or to arrange a confidential discussion regarding acquisition or investment.
