AMNIS Treasury Services AG (Amnis), a Swiss fintech founded in 2014 with the goal of simplifying international payment transactions for SMEs, is expanding to Europe with the first license as a payment institution issued by the Financial Market Authority Liechtenstein.

Payment institutions must be licensed by the financial market authority of one of the member states before they can start operating in the European Economic Area (EEA).  To that end and because of the country’s proximity to Switzerland, Amnis has decided to found a subsidiary in Liechtenstein. Liechtenstein-based Amnis Europe AG is now the first payment institution in the Principality of Liechtenstein to receive this license.

The possibility of transferring its newly obtained license to other EEA countries within the framework of the free movement of services (EU passport) opens up enormous potential for Amnis in a market of 23 million companies.

Focus on Germany, Austria and Italy

The focus in the company’s initial phase of expansion will be on Central and Eastern Europe, with Amnis planning to roll out business activities in Germany, Austria, Italy, the Czech Republic and Poland before the end of the year.

Talking about the expansion, Michael Wüst, CEO of Amnis says:

“We’re thrilled that this payment institution license will now let us take off in Europe, as well. Given our business-friendly terms and conditions, I’m convinced that it won’t be long before we start leaving our mark on Europe’s SME banking market. Our mission is to become the first choice for international payments and currency transactions.”

Doris Beck was just recently elected to the Board of Directors to strengthen the organisation even further. The other members of the Amnis Board of Directors are Dr. Stefan Bürzle and Peter Gerlach.

Amnis is a fintech company founded in Zurich that radically simplifies international payments and currency transactions for small and medium-sized enterprises (SME). Amnis already serves more than 2,000 companies in Switzerland and is on a strong growth trajectory.

In addition to traditional payment methods, Amnis offers the option of making cross-border, real-time payments around the clock to suppliers within a client’s own PEER network. To expedite its expansion, Amnis has raised CHF 3 million in venture capital with Spicehaus Swiss Venture Fund serving as lead investors.