Key Data

• Trading Names: Noveba
• Legal Entities: Noveba Limited
  
• Activities: e-Money Institution
  
• Location: United Kingdom
  
• Regulations: FCA-regulated EMI
• Key People: Aleksei Baranov, Maris Lasmanis,

The Offering

Noveba offers IBAN bank accounts for Individuals and Merchants. In addition, the company also offers a range of B2B services through partners, such as acquiring or white-label BaaS and card solutions.

Their service includes:

• SEPA payments in EUR in/out company account
• Sending salary to your employees
• Banking-as-a-Service /White Label platform solution
• Invoice operations
• API integration

Fees

For Individuals and low-risk merchants, the opening of a bank account is free. Individual customers pay a monthly account maintenance fee of €5, and merchants €25.

For individuals, sending and receiving payments is basically free. Merchants can receive payments for free. For payments to accounts of non-Noveba customers, there is a fee of 0.1% (min €5 max €50).

In addition, there are several services related to the account that are subject to fees.

Conclusion

Noveba is a regulated EMI and works with regulated partners. The website gives all the necessary details. We have not found any significant complaints about the company beyond that. Therefore, we put Noveba on our Green Compliance list.