EN#0397 – US Florida Money Transmitter, currently inactive, regulated by Florida OFR, for sale

An opportunity to acquire 100% of a US money transfer company holding an active Florida Money Transmitter License. The entity is currently inactive, with no active customer portfolio, and provides a purchaser with an established regulated structure for undertaking money transmission activities in Florida. 

Key Highlights:

• License and Regulatory Status: The company holds an active Florida Money Transmitter license. The required surety bond also remains active. 
• Ownership and Transaction: The company is owned by a sole shareholder, with 100% of the shares available for acquisition. 
• Operational Status: The company is currently on hold and has no active customer portfolio. There are no ongoing operating expenses other than the applicable state license fees and surety bond premiums required to maintain the regulatory structure. 
• Regulatory History: All previously reported matters with the Florida Office of Financial Regulation have been fully resolved, with no ongoing conditions or additional reporting requirements arising from those matters. 
• Financial Position: There are no reported outstanding debts or other financial liabilities.
• Capitalization: Existing capital has been invested in the company’s kiosk assets. As the kiosks are optional and excluded from the base transaction, a buyer acquiring the licensed entity alone would be required to provide the applicable regulatory capitalization in cash at closing, separately from the purchase price. 
• Banking Infrastructure: The company maintains operating accounts with Mercury. It does not currently maintain client-funds accounts. The seller also has existing contacts with two banks for potential MSB account onboarding and may assist the purchaser with introductions.
• Compliance Framework: The company maintains a full set of compliance documentation, including AML/KYC policies and procedures. 

The opportunity may be suitable for a purchaser seeking an existing US money transmitter structure in Florida without acquiring an active customer book or significant legacy operating liabilities. 

For further information on the sale of this entity, please contact our Mergers & Acquisitions team at info@salvusfunds.com. More entities for sale can be found within our Entity Acquisition or Sale page.

SALVUS Funds’ teams can be engaged for guidance on new license authorizations 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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