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Fintech Bank account for panama company 2021

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paseo

New member
Hello people!

I own a Panama Company and now need a bank account (Fintech).
I have the following knowledge / experience:
1. Transferwise rejects Panama jurisdiction.
2. With Bankera it is difficult, they want proof of everything.
3. Mistertango rejects Panama.

I would like to ask whether other users have already solved this problem?
I definitely don't want to use a bank like EPB, Caribbean or in baltic countries.
It should be a 100% fintech / emi solution. Thanks in advance!
 

Martin Everson

Offshore Retiree
Mentor Group Gold
Elite Member
Your gonna really find it difficult if not impossible to open with a reputable EMI. Avoid the stress and ditch the Panama company.
 

paseo

New member
I am very interested in the solution. To close a company is not a solution. Please lets stay constructive. Thank you!
 

bizniz

New member
There was constructive advice... to use a Panama bank. Why don't you do that? They are a bit expensive and their tech is not so good, but at the end of the day it works.

It is rather weird to say you want fintech, but not from Baltics. Baltics are the heart of fintech. Transferwise was set up by Estonians. Bankera is from the Baltics. Or are you trying to say you don't want baltic banks but fintechs are ok? Please clarify
 

paseo

New member
There was constructive advice... to use a Panama bank. Why don't you do that? They are a bit expensive and their tech is not so good, but at the end of the day it works.

It is rather weird to say you want fintech, but not from Baltics. Baltics are the heart of fintech. Transferwise was set up by Estonians. Bankera is from the Baltics. Or are you trying to say you don't want baltic banks but fintechs are ok? Please clarify
I mean i am not interested in local physical banks in baltics, panama or somewhere.... We leave today in 21st century and it should be possible to open such account without "headfxck" from home :) It doesnt really matter where the "fintech" bank has their headoffice. Thats the future and we should take some steps to improve everything. Thanks!
 

EuroKiss

Active Member
I mean i am not interested in local physical banks in baltics, panama or somewhere.... We leave today in 21st century and it should be possible to open such account without "headfxck" from home :) It doesnt really matter where the "fintech" bank has their headoffice. Thats the future and we should take some steps to improve everything. Thanks!
There are more than 120 banks in Panama and are among the most reliable in the world including US, UK and Chinese international banks... and you wanna a shitty Revolut prepaid card just ‘coz is youngster?
 

nomad999

Entrepreneur
Advcash maybe, pretty sure the issue of proof for everything you have with bankera will apply to any EMI really. Fintech rhyme with heavy kyc and proof of funds, literally the only reason for an EMI to have staffs at all.
In that regards a bank account in panama is actually very valuable i believe, they might not be as annoying.
 

bizniz

New member
I am also a fan of EMIs etc and normally the problem is convincing clients that EMIs are better than banks. Here we have the opposite.

The smart thing is just to look at which financial institution most suits your needs in terms of costs, services, speed, headaches, currencies etc.

Banks in Panama can be pretty annoying but so can fintechs in the Baltics... just a fact of modern life.
 
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