Today, we’re excited to share that we have secured our Electronic Money Institution (EMI) licence from Swedish regulator Finansinspektionen. This is a first step to enable us to issue e-money in Sweden and in time, across Europe.
So what does this mean for Juni and our customers?
We will be able to:
- Be more flexible and create more tailored offers for our customers by broadening the range of payment products and services available and to go to market quickly
- Introduce modern and progressive compliance procedures that will offer our customers even better protection from fraud - by combining in-house built and third party vendor solutions
- Passport the EMI licence and provide our products and services to all other EU countries, with the aim to do so early next year
- Strengthen our existing payments technology stack in preparation to enter other markets beyond Europe
Our CEO and Co-founder Samir El-Sabini, says, “This is an important milestone for Juni. It enables us to have an even more robust legal and regulatory framework, ensuring we continue to operate a safe financial ecosystem for our customers. We’re also excited to leverage our EMI licence to broaden our range of payment products and services, and continue to help our customers grow.”