Amaiz

Amaiz is an FCA-authorised e-money institution that provides multi-currency accounts with GBP and EUR account details (UK Sort Code and Account Number, and an IBAN for international payments). It issues Mastercard virtual and plastic cards, offers card-as-a-service for customers building their own card products, and supports mass card issuing of up to 10,000 cards per month. Transfers are available through SEPA, FPS, CHAPS and SWIFT.

Customers include businesses, sole traders and individuals, including high-risk entities. Accounts are opened online: the applicant completes an application, passes a KYC check and then receives pricing. Revenue comes from account, card and payment fees, such as an onboarding fee of £49.99 for international beneficial owners, outgoing payment fees banded by amount, and ATM withdrawal fees.

Amaiz was founded in 2017 and is registered in London. The company states that it has been in the market for seven years, has opened more than 1,000 accounts and offers transfers to more than 100 destinations.

Product: Multi-currency GBP and EUR business accounts, Mastercard virtual and plastic cards, card-as-a-service and international money transfers.