Question Top EMIs and Neobanks for Legitimate Multi-Country E-Commerce Companies

[Primat2024]

The best and most reputable EMIs / neobanks I’ve found are Wise, Revolut, Bunq, Currenxie, N26, Airwallex, and Intergiro.

I’m planning to open an account with each of these for my companies in Germany, Switzerland, and England. Each company is fully established with substance: I've hired real directors, found affordable office space in each country, and made sure each location has internet, water, and heating.

Are there any other EMIs or neobanks that might be a good fit for this setup?

This is a 100% legitimate business with genuine activity in e-commerce, not just shell companies.

 

[Forester]

The best and most reputable EMIs / neobanks I’ve found are Wise, Revolut, Bunq, Currenxie, N26, Airwallex, and Intergiro.

Well, I would not share this opinion in full; but let's put it aside

I’m planning to open an account with each of these for my companies in Germany, Switzerland, and England. Each company is fully established with substance: I've hired real directors, found affordable office space in each country, and made sure each location has internet, water, and heating.

Are there any other EMIs or neobanks that might be a good fit for this setup?

May be and may be not.
There is some essential information missing:
– What's really your business? E-commerce – are you selling goods or services? In what industry? B2B or B2C?
– What are UBO(s) residence and citizenship?
– What do you expect from your banking partner: What currencies do you need to use? What are the destinations for incoming and outgoing payments? What payment methods you need to use (just SWIFT or local as SEPA, ACH, ...)? What is the expected monthly/yearly turnover?
– What is your motivation to go just for EMIs and neobanks if you have a real substance in every country?

This is a 100% legitimate business with genuine activity in e-commerce, not just shell companies.

 

[Nigital Domad]

Well, I would not share this opinion in full; but let's put it aside


May be and may be not.
There is some essential information missing:
– What's really your business? E-commerce – are you selling goods or services? In what industry? B2B or B2C?
– What are UBO(s) residence and citizenship?
– What do you expect from your banking partner: What currencies do you need to use? What are the destinations for incoming and outgoing payments? What payment methods you need to use (just SWIFT or local as SEPA, ACH, ...)? What is the expected monthly/yearly turnover?
– What is your motivation to go just for EMIs and neobanks if you have a real substance in every country?

I have noticed a lot of members circling questions of "which are the best EMIs for my situation". It could be useful to create a central list/grid based on everyone's experiences and delineated by industry, location of the EMI, location & classification of the company, location of the UBOs, etc.

So when an OCT member needs to quickly look up (for example) "which EMIs could be more flexible for a low-risk business incorporated in the UK with the UBO from Hong Kong serving clients in the US, EU and LATAM using XYZ currencies" - there would be an easy way to review potential EMI / Neobank candidates based on the ever-expanding, crowd-sourced knowledge/experiences of OCT.
Just a thought

 

[Bruce flea]

I have noticed a lot of members circling questions of "which are the best EMIs for my situation". It could be useful to create a central list/grid based on everyone's experiences and delineated by industry, location of the EMI, location & classification of the company, location of the UBOs, etc.

So when an OCT member needs to quickly look up (for example) "which EMIs could be more flexible for a low-risk business incorporated in the UK with the UBO from Hong Kong serving clients in the US, EU and LATAM using XYZ currencies" - there would be an easy way to review potential EMI / Neobank candidates based on the ever-expanding, crowd-sourced knowledge/experiences of OCT.
Just a thought

This could be an Ai app Idea tbh

 

[JohnLocke]

I have noticed a lot of members circling questions of "which are the best EMIs for my situation". It could be useful to create a central list/grid based on everyone's experiences and delineated by industry, location of the EMI, location & classification of the company, location of the UBOs, etc.

So when an OCT member needs to quickly look up (for example) "which EMIs could be more flexible for a low-risk business incorporated in the UK with the UBO from Hong Kong serving clients in the US, EU and LATAM using XYZ currencies" - there would be an easy way to review potential EMI / Neobank candidates based on the ever-expanding, crowd-sourced knowledge/experiences of OCT.
Just a thought

You're absolutely right; it's a great idea, and there are websites out there with something similar.

The challenge is that we are bound by the forum's compatibility, and such a feature would require ongoing maintenance and management, which is a lot of work. I will add it to our long list of potential expansions.
We're completely off topic now, so if there are more suggestions of this kind, please open a new thread and continue there. Let’s keep this discussion focused on the original topic.