Bank Account Opening

Looking for banking solutions for your Fintech or MSB company? We’re here to help.

Renno Fintech is proud to support Money Service Businesses (MSB) get banked in Canada and abroad. Expanding your business operations to Canada can be challenging, but getting banked doesn’t have to be. We leverage our deep Canadian and international banking connections to get your company banked ASAP.

Sectors we support

Fintech
Forex
Crypto
Remittance
Multi-currency account providers
Payment service providers
Payment gateway providers

Our services

We will put you in touch with a bank or banking-as-a-service provider that is suitable for your business. We will initiate the conversation and advise you throughout the onboarding process. Our ultimate goal is to get you banked and ready to do business!
Depending on your needs, we help you get access to payment rails in Canada, the US, UK, Europe, and other key jurisdictions.
We can get you access to CAD, EUR, GBP, USD and other key currencies.
We can get you Interac e-transfer, SWIFT, and SEPA functionality.
We can get you an IBAN account.

Pricing

We can help you get banked quickly and at a fixed rate of $2,000 USD. If we can’t pull it off, we’ll refund you the entire amount.

FAQ

Will a banking service provider bank my high risk MSB?

We have a network of banking service providers we work with that have different risk tolerances. We can put you in touch with the right account for you!

What are my banking options as a newer MSB?

For newer MSBs, we generally recommend establishing an account with an Electronic Money Institution (EMI) or Canadian Banking-as-a-Service provider. This option is often more economical for companies in the early stages that aren’t handling large volumes of transactions right away. For MSBs with a track record or those affiliated with a well-established foreign business, securing an account with a fintech-friendly bank becomes a more feasible option.