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In Switzerland, the term “sandbox” refers to a specific regulatory framework designed to foster innovation in the fintech sector.
This Swiss Fintech Sandbox allows startups and financial technology companies to test new products and business models without being subjected to the full spectrum of financial regulations that typically apply to traditional financial institutions.
Do not hesitate to contact us for more information at connect@swissfintechpro.com
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Item ELI CA AG/SA for sale
Type SA/AG
Year of Incorporation 2020
Place of incorporation Geneva
Capital 100,000 CHF
Objectives all advisory services, particularly in investment and other transactions, networking,
Bank Account Credit Suisse
Sale and Purchase Price 54,000 CHF
Swiss Director one year 12,000 CHF
Registered address one year 3,500 CHF
Total with yearly expenses 69,500 CHF
License Exemption: Companies operating within the Swiss sandbox are exempt from obtaining a full banking license for certain activities. This significantly lowers the entry barrier for fintech startups that might otherwise be deterred by the rigorous and costly process of obtaining a full banking license.
Deposit Limit: There is a cap on the amount of deposits a company can receive without being considered a bank. As per your earlier text, this limit is set at 1 million Swiss Francs. This means that fintech companies can accept public deposits up to this amount without needing to comply with the stringent requirements that apply to banks.
No Interest or Investment of Deposits: Companies in the sandbox are not allowed to invest the deposits they receive or pay interest on them. This condition is meant to minimize the risk to depositors and keep the sandbox environment focused on testing innovative concepts rather than generating profits through traditional banking activities.
Disclosure Requirements: Companies must inform depositors that they are not supervised by FINMA (the Swiss Financial Market Supervisory Authority) and that deposits are not covered by deposit insurance. This transparency ensures that customers are aware of the potential risks.
Transition to Full Compliance: If a fintech company in the sandbox reaches a stage where its activities exceed the sandbox limits (like surpassing the deposit threshold), it must then seek full regulatory compliance, potentially applying for a banking license or falling under FINMA’s supervision.
Interested in our SwissFintech SandBox for Sale on our Marketplace?
Sign a Non-Disclosure Agreement (NDA): Mandatory for confidentiality.
Complete Know Your Customer (KYC) Compliance: Provide a scan or your passport and valid proof of address for transaction integrity.
The Swiss Fintech Sandbox for Sale, as detailed above allows fintech companies to test their business models without needing a full banking license or being under full regulatory supervision, if they adhere to certain conditions like a cap on the total amount of public deposits. This approach fosters innovation in the financial sector while maintaining a balance with regulatory oversight.
We encourage you to contact us to further discuss the acquisition of this SwissFinTech SandBox for Sale. Do not hesitate to contact us for more information at connect@swissfintechpro.com
