E4F Money’s Obtaining an Electronic Money Institution License

Sorainen advised E4F Money on obtaining an electronic money institution licence.

The sole shareholder of E4F Money is Exchange4free, a UK-based company with more than 30,000 private and corporate customers worldwide.

E4F Money offers currency exchange and payment service solutions in Lithuania and other European countries to private and corporate clients operating in or travelling to African countries. The company also plans to offer payment solutions in South Africa and other African markets.

The Sorainen team was led by Partner Tomas Kontautas (Picture) and also included Associates Liutauras Vasiliauskas and Monika Tukaciauskaite.

Involved fees earner: Tomas Kontautas – Sorainen; Monika Tukaciauskaite – Sorainen; Liutauras Vasiliauskas – Sorainen;

Law Firms: Sorainen;

Clients: E4F Money;