Mass Financial have created a core banking system that is looking to change the way we view and use money forever. Create your account in minutes directly from your phone and instantly start changing the way you use money. Currently pre-approved, fully market ready and working towards their EMI License.
We are looking to change the way money is used, forever. We aim to do this by breaking down the boundaries of traditional banking. We have developed our own core banking system that will allow a faster, personalised approach to managing your own finances.
Since our development started we have achieved a lot.
1 - Successful build of a fully working, next-generation financial platform. Demonstrated at the Web summit, November 2019.
2 - Passed Pre-application from the Bank of Lithuania for an Electronic Money License.
3 - Acquisition of a world-class team
4 - Self-funded €750,000 in development
5 - White Label Capabilities and in partnership discussions with financial institutions.
6 - Multi currency, multi-asset, multi-token. Use any currency or assets equally.
7 - The potential to create your own electronic money. Use the power of technology to pay with branded electronic money.
8 - Created a block chain P2P payment rail. B2C & B2B peer-peer payments give future clients and merchants an additional payment alternative.
Use of funds.
50% - Required capital reserves to be deposited in the Central Bank of Lithuania for EMI License approval.
30% - Setting up of the productive environment according to ECB requirements including integrations with MasterCard, SEPA and SWIFT systems.
20% - Staff hiring, specifically in the AML and Compliance departments.