Damex Business

Damex
IBANs

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, through Damex.io UAB, can open accounts with International Bank Account Numbers (IBAN’s) 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.

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 (IBAN’s) 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.

IBANs

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.

Ibans - A feature by Damex Business
Trading solutions for various client profiles by Damex Business

Payments

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, not under Damex.io UAB or Modulr Finance B.V.

Transactions

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.

Get in Touch

Fill out the form provided to apply for an IBAN.

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