Amnis obtains an EEA payment institution license and expands into Europe
AMNIS Treasury Services AG (Amnis), a Swiss fintech founded in 2014 with the aim of simplifying international payment transactions for SMEs, expands into Europe with the first license as a payment institution issued by the French Authority for Liechtenstein financial markets.
Payment institutions must be licensed by the financial markets authority of one of the Member States before they can start operating in the European Economic Area (EEA). For this and because of the country’s proximity to Switzerland, Amnis decided to found a subsidiary in Liechtenstein. Amnis Europe AG, based in Liechtenstein, is now the first payment institution in the Principality of Liechtenstein to receive this license.
The possibility of transferring its newly obtained license to other EEA countries under the free movement of services (EU passport) opens up huge potential for Amnis in a market of 23 million companies.
Focus on Germany, Austria and Italy
The initial phase of the company’s expansion will focus on Central and Eastern Europe, with Amnis planning to roll out business activities in Germany, Austria, Italy, the Czech Republic and Poland before the end of the year.
âWe are delighted that this payment establishment license now allows us to take off in Europe as well. Given our business-friendly terms and conditions, I have no doubts that it will not be long before we start making our mark in the SME banking market in Europe. Our mission is to become the first choice for international payments and currency transactions.
Amnis is a fintech company founded in Zurich that radically simplifies international payments and currency transactions for small and medium-sized enterprises (SMEs). Amnis is already at the service of more than 2000 companies in Switzerland and is on a trajectory of strong growth.
In addition to traditional payment methods, Amnis offers the ability to make 24-hour real-time cross-border payments to providers within a customer’s own PEER network. To accelerate its expansion, Amnis has raised CHF 3 million in venture capital with Spicehaus Swiss Venture Fund as lead investors.