List of Adult friendly Neobanks & EMI's offering business accounts

[MikeRoss]

Let's build a list of adult industry friendly neobanks and EMI's that offer accounts for international businesses.

I will start it with these:

• Paxum.com
• Bitsafe.com

Not the best ones but still... I hope to add some better options soon

Please share the other ones that that you've personally tried or heard of.
I will keep updating the list. Make 'em coming

 

[uplana]

Okay, very stupid question, but what exactly is a NEOBANK ?

 

[FinTech Avenger]

Okay, very stupid question, but what exactly is a NEOBANK ?

Digital bank without branches - like Starling, N26, Solarisbank

 

[uplana]

Digital bank without branches - like Starling, N26, Solarisbank

So they are the same as what we all call them here on the forum EMI's / Electronic Money Institutions ?

 

[Wave!]

So they are the same as what we all call them here on the forum EMI's / Electronic Money Institutions ?

Nope.
Neobanks either hold their own banking license (meaning they are no inferior to brick&mortar banks) or "share" the banking license with a larger-sacle bank that provides such "license-lending" solution.
EMI usually hold non-banking licenses named "e-money", "financial service", etc.

 

[uplana]

Thank you for clarification so I learned something new.

 

[lacomaco]

Nope.
Neobanks either hold their own banking license (meaning they are no inferior to brick&mortar banks) or "share" the banking license with a larger-sacle bank that provides such "license-lending" solution.
EMI usually hold non-banking licenses named "e-money", "financial service", etc.

This is news for me... Can you give me an example of this "sharing"?

 

[Wave!]

This is news for me... Can you give me an example of this "sharing"?

Both Ally and Chime are major neobanks in the US providing standard checking and saving accounts. But unlike Ally which is an FDIC member itself, Chime has its "Banking services provided by The Bancorp Bank or Stride Bank, N.A., Members FDIC". Here Bancorp and Stride are the solution providers I mentioned earlier. Take a look at Bancorp's website and you'll see that they are specialised in this and do not provide personal banking service.

 

[hapiswood]

does anyone have any more recommendations? you can also put links of mentor group posts that answer this question.

 

[1nomad]

paxumbank.com
skrill.com
cosmopayment.com
epayservices.com
paysera.com*

 

[uplana]

@1nomad does Paxumbank and Paysera really hold a license, where is this from?

 

[Simon4466]

Paysera is licensed in Lithuania: Licencijos informacija
And Paxumbank in the Commonwealth of Dominica with Paxum being registered in Canada as a money services business.

 

[clemens]

Did you guys actually tried one of the NEOBANKS for and Adult business?

 

[anotherone]

Did you guys actually tried one of the NEOBANKS for and Adult business?

No problem with N26.
Wise blocked my account
Bitsafe is working as long as you justify the source of your income (every source)

 

[clemens]

N26 is not bad, wonder if there is any information about them. More like financial information if they are big or just a small player.

 

[Vonboss]

No new ones?