UNIPaaS, the newly based funds firm by SafeCharge’s former CEO, has gained a cost establishment license from the UK’s Monetary Conduct Authority (FCA).
In response to the regulatory listing, the funds agency gained the license on December 14 and is formally registered as UNIPaaS Monetary Providers Ltd. This license will enable the corporate to supply a number of cost companies.
“We’re very a lot delighted to attain this vital milestone, very happy with our superb crew and the assist from our companions. UNIPaaS has designed a brand new cost stack that permits on-line marketplaces and digital platforms to show the burden in managing funds and monetary companies into a brand new monetary progress engine,” UNIPaaS Co-founder, David Avgi wrote in a Linkedin submit.
New Enterprise After Efficiently Flipping SafeCharge
Avgi is well-known within the funds trade for co-founding and heading SafeCharge for over a decade. The corporate was acquired by the Nuvei Group final 12 months for $889 million.
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UNIPaaS is his second enterprise within the funds trade, specializing in cloud-based companies. Different co-founders of the brand new firm are SafeCharge’s former high executives: Tsach Einav, Oded Kovach, and Limor Liberman.
The newly licensed funds firm is providing versatile pay-in/pay-out choices for each native and international prospects and is focusing on firms in each B2B and B2C arenas.
With workplaces in London and Tel Aviv, the funds firm has already onboarded Citibank, AWS, SafeCharge and Banking Circle as its companions, as seen on its web site.
“We’re enthusiastic about collaborating with our first UK companions; firms which can be looking for to implement multi-vendor cost methods deeper inside their core merchandise,” Avgi added.