Accessing corporate bank accounts has become more and more difficult over recent years, particularly for companies deemed to be medium or high risk. The time taken to open accounts has got longer and longer and banks have become increasingly risk averse.
Helping medium and high-risk clients improve the efficiency and profitability of their global payments processes through the movement, management and integration of digital and fiat assets.
Damex Business can open accounts with International Bank Account Numbers (IBANs) for companies based in the UK, the EU or the EEA.
Accessing corporate bank accounts has become more and more difficult over recent years, particularly for companies deemed to be medium or high risk. The time taken to open accounts has got longer and longer and banks have become increasingly risk averse.
Damex Business, through Damex.io UAB, can open accounts with International Bank Account Numbers (IBANs) for companies based in the EU or the EEA.
Damex.io UAB is a partner of Modulr Finance B.V which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution for the issuance of electronic money and payment services.
International Bank Account Numbers can be used to receive fiat deposits and to make fiat payments to 3rd parties. In a practical sense, they can be used as corporate operational accounts.
Damex IBAN’s are created in the name of the individual client so payments received by 3rd parties appear under the name of the client.
The accounts are operated through a portal developed by Damex which allows clients to execute transactions, view account data such as audit trails and historical transactions, and monitor current transactions. To all intents and purposes, it operates as an online account with all the functionality you would expect from such an account.
Fill out the form provided to apply for an IBAN.
We’ll get back to you as quickly as possible.
Purchasing and investing in Digital Assets is a high-risk activity which incurs risks which are not inherent in managing traditional financial instruments and other assets. The value of digital assets, other digital assets or fiat currencies is not indicative of future performance.
Digital Asset Management Limited is a Company registered in Gibraltar with registration number 116618, with registered business names and trading as ‘Damex’ and ‘Damex.io’. Damex is authorised by the Gibraltar Financial Services Commission (Licence Number 24738) as a Distributed Ledger Provider to provide custody solutions and broker/dealer services under the Financial Services Act. These services are separate and unrelated to the account and payment services you receive from Modulr FS Ltd. Digital Asset Management Limited is a registered EMD agent of Modulr FS Limited, a company registered in England and Wales with company number 09897919, which is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr FS Limited. Your card is issued by Modulr FS Limited pursuant to a license by Visa Europe. Visa and the Visa brand mark are registered trademarks of Visa Europe.
Damex.io UAB is a joint stock company registered in the Republic of Lithuania (under company number 306148560), with registered address at Žygimanto Liauksmino str. 3, Vilnius, Lithuania and is registered by the State Enterprise Centre of Registers of the Republic of Lithuania as a provider of virtual currency exchange and virtual currency wallet provider. These services are separate and unrelated to the account and payment services you receive from Modulr Finance B.V . Damex.io UAB is a partner of Modulr Finance B.V., a company registered in the Netherlands with company number 81852401, which is authorised and regulated by the Dutch Central Bank (DNB) as an Electronic Money Institution (Firm Reference Number: R182870) for the issuance of electronic money and payment services. Your account and related payment services are provided by Modulr Finance B.V. Your card is issued by Modulr Finance B.V. pursuant to a license by Visa Europe. Visa and the Visa brand mark are registered trademarks of Visa Europe.
Your account and related payment services are provided by Modulr FS Limited, if you are registered in the UK, and by Modulr Finance B.V., if you are registered in the EU. Whilst Electronic Money products are not covered by the Financial Services Compensation Scheme (FSCS) your funds will be held in one or more segregated accounts and safeguarded in line with the Electronic Money Regulations 2011 (in the UK) and the Dutch Financial Supervision Act (Wet op het Financieel Toezicht, Wft) (in the EU). Click here to find out more.
The Damex application is presently undergoing testing and regulatory registrations in various jurisdictions. As a result, full public release and features of the application in your jurisdiction is subject to Damex’s permissions and authorisations.
Please also see our Risk Notice for further information.
