When our fintech startup aimed to operate as a Payment Institution in Europe, obtaining a PI license felt like a challenging and complicated task. Regulatory requirements, compliance checks, and documentation standards seemed overwhelming at first. That’s when we decided to work with ECOVIS — and it turned out to be one of the best decisions for our business.
From the very first consultation, their team showed exceptional expertise in Payment Institution licensing. They carefully reviewed our business model, transaction processes, and risk framework, and then designed a customized roadmap to ensure that our application would meet EU regulatory expectations.
ECOVIS guided us through every detail of the process. They assisted in preparing AML policies, internal control procedures, capital requirements, and governance documentation. Their meticulous approach ensured that all materials submitted were fully compliant and aligned with regulatory standards.
The team’s communication with authorities was particularly impressive. They prepared responses for regulator inquiries and managed all correspondence professionally, which helped prevent unnecessary delays. Their proactive approach gave us confidence throughout the process.
Timeline management was also handled realistically. Unlike other advisors who promise unrealistic speed, ECOVIS provided clear expectations and kept us informed at every stage. This allowed us to plan operations and investor communications efficiently.
Thanks to their support, we successfully secured our PI license without complications, stress, or delays. The process was transparent, well-organized, and professionally managed from start to finish.
If your fintech company is planning to apply for a
PI license in Europe, I highly recommend ECOVIS. You can explore their professional services here: https://ecovis.lt/fintech/payment-institutions/
Working with experienced professionals like ECOVIS makes obtaining a Payment Institution license a manageable and successful milestone for any fintech business looking to expand in Europe.