EN#0413 – South Africa Category I & II FSP with CASP , dormant, regulated by FSCA, for sale

An opportunity is available to acquire a South African Financial Services Provider (FSP), authorised by the Financial Sector Conduct Authority (FSCA) under Category I and Category II, including Crypto Asset Service Provider (CASP) permissions. The entity also holds South African Reserve Bank (SARB) Treasury Outsourcing Company (TOC) approval and may appeal to purchasers seeking an established regulatory structure with existing banking and compliance arrangements.

Key Highlights: 

• Regulatory Status: FSCA-regulated entity holding Category I and Category II (Discretionary FSP) authorisations, including permissions relating to crypto assets, derivative instruments, warrants, certificates, structured deposits, debt instruments and other approved financial products. 

• Additional Regulatory Approval: Holds SARB Treasury Outsourcing Company (TOC) approval, supporting its previously established foreign exchange intermediary activities, subject to applicable regulatory conditions. 

• Operational Status: Previously engaged in crypto arbitrage and foreign exchange intermediary activities. The entity is currently dormant, with no active trading operations, offering an opportunity for a purchaser seeking to establish or expand operations through an existing regulated structure. 

• Regulatory Capital & Compliance: The seller reports that the entity satisfies its applicable financial soundness requirements and has no known outstanding regulatory issues. Established compliance, AML/KYC and risk management policies are in place, including a Risk Management and Compliance Programme (RMCP), alongside registration with the Financial Intelligence Centre (FIC). 

• Banking Infrastructure: Maintains an operational banking relationship with Capitec Business and existing client banking arrangements with Capitec Business, Investec, Access Bank and Bidvest Bank, subject to confirmation of account status and continuity following the acquisition.

• Financial Position: Average monthly operating expenses are approximately ZAR 25,000. 
• Financial status: The entity has an outstanding overdraft of approximately ZAR 1.3 million with Capitec Business, which the seller intends to settle as part of the sale process, with the objective of transferring the entity with a clean balance sheet.

• Existing Infrastructure & Transition: Established cryptocurrency exchange accounts and compliance arrangements, including a Key Individual and Compliance Officer. The existing directors have indicated their willingness to assist with the ownership transition and applicable regulatory approval processes. 

The opportunity provides an established South African regulated financial services structure combining Category I and Category II investment services permissions, crypto-asset authorisation and SARB TOC approval. 

For further information on the sale of this South African Category I & II FSP, please contact our Mergers & Acquisitions team at info@salvusfunds.com. More entities for sale can be found within our Entity Acquisition or Sale service. 

SALVUS Funds’ teams can be engaged for guidance on new licence authorisations for investment, payment or crypto-asset services, ongoing regulatory compliance consultancy for regulated entities, and support in acquiring ready-made regulated or registered entities.

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