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Lanistar secures FCA approval in £10bn fintech journey
Instagram-hyped fintech that is promoted by a number of high profile celebrities across social media announces new senior hires and FCA accreditation in a mission to become a £10billion fintech Lanistar, the payment card and account provider built to match the Millennial’s lifestyle has secured approval of its application to operate as an EMD (Electronic Money Directive) Agent of Modulr (Modulr FS Limited) in the UK. This means that Lanistar can offer its customers digital accounts to send and receive payments. This is possible due to Lanistar’s EMD agent status which allows Lanistar to distribute and redeem electronic money on behalf of Modulr. Lanistar also announced its official product launch will happen later this year. Lanistar separately aims to expand to the EU shortly after and Brazil in the summer, subject to approval from the relevant regulators in those jurisdictions. As part of its vision to become a £10b
UK Fintech Lanistar, a Much-Hyped and Controversial New Venture, Acquires FCA Approval
UK-based Fintech firm
Lanistar, the much-hyped and controversial business venture that has previously claimed it’s owned by some of the “world’s most influential people,” has revealed that it’s managed to acquire the FCA’s approval to serve as an
Electronic Money Directive (EMD) agent of payments company
Modulr.
As an EMD agent, Lanistar will be able to distribute and redeem digital money on behalf of Modulr. This means that the company can provide its clients’ all-digital accounts to send and receive funds.
Lanistar had been holding discussions with the Financial Conduct Authority (FCA) regarding securing a full -banking license for its product, which is a debit card that can link up with eight bank cards. This is supposed to help clients with effectively managing their money through “polymorphic” technology and Open Banking tech.
Dalmore Group Teams with Global Wine Marketplace Vinsent for Direct Reg CF Offering
Veteran Reg A+ Broker-Dealer DalmoreGroup announced the Reg CF launch ofVinsent, a company that is working toenhance the wine industry ecosystem .
Pakt Bags, Inc. Launches Investment Campaign to Expand Line of Exceptional Travel Products, raising up to $1.07M
Brooklyn, NY, April. 14, 2021 Pakt, Inc., a company that createsgear built for the modern traveler, .
SKILLICORN Technologies announces the launch of their Los Fresnos Project Regulation CF Offering on the InfraShares crowdfunding platform.
This Regulation CF offering isseeking front-end financing for theLos Fresnos Project. For a minimum .
NanoVMs Launches Investment Round On StartEngine
Dalmore Group Teams with Global Wine Marketplace Vinsent for Direct Reg CF Offering
Veteran Reg A+ Broker-Dealer DalmoreGroup announced the Reg CF launch ofVinsent, a company that is working toenhance the wine industry ecosystem .
Pakt Bags, Inc. Launches Investment Campaign to Expand Line of Exceptional Travel Products, raising up to $1.07M
Brooklyn, NY, April. 14, 2021 Pakt, Inc., a company that createsgear built for the modern traveler, .
SKILLICORN Technologies announces the launch of their Los Fresnos Project Regulation CF Offering on the InfraShares crowdfunding platform.
This Regulation CF offering isseeking front-end financing for theLos Fresnos Project. For a minimum .
NanoVMs Launches Investment Round On StartEngine
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