The FSP license in South Africa for sale is a ready-made setup allowing for a purchaser to immediately launch operations after purchase. The main details are available below.
FSP for sale: details of the transaction
- The legal entity is FSCA licensed as a Cat 1 FSP, authorized for deposit-taking and short-term insurance. New owner can easily add other authorizations.
- Has a Bridging Finance platform that allows customer agents to apply for and settle bridging finance on behalf of their clients.
- Has a secured banking system that allows the company to open, manage, and close client investment accounts, and even take administration fees from those accounts monthly – automated.
- Legal Director, Finance Director, Managing Director, 2 Compliance Officers, Key Individual are in place.
- Has a Client/Investor Portal that’s being developed; Has an External Audit Firm.
- Professional Risk covers in place for various risks such as Theft, fraud & misappropriation of client funds, Director & officer liability, Cyberattacks.
- 3 bank accounts – Client deposits account, Distribution account, and business account.
- KYC systems in place, automated onboarding & AI-enabled customer support being effected.
- Has a business model that earns the FSP annualized returns on amounts it bridges out.
Entity can operate completely remotely.
Detailed information regarding Financial Service Provider in South Africa for sale available on request.
Email: office@eternitylaw.com
Telegram: @anastasiiaeternitylaw
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