Oneremit is a financial technology company, not a bank. Funds are held and processed through licensed banking and payment partners.
Oneremit is a cross-border payment platform operated by Spark Tech Hub Ltd., a registered Payment Service Provider (PSP) supervised by the Bank of Canada under the Retail Payment Activities Act (RPAA). Spark Tech Hub Ltd. is also registered as a Money Services Business (MSB) with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), Registration No. C100000025.
Spark Tech Hub US Inc. is registered with the U.S. Financial Crimes Enforcement Network (FinCEN) as a Money Services Business (Registration No. 31000297609625).
Spark Tech Hub holds an International Money Transfer Operator (IMTO) license issued by the Central Bank of Nigeria (CBN).
All services are fiat-based and conducted in compliance with applicable financial regulations in supported jurisdictions. Remittance services in the United States are provided in partnership with licensed U.S. financial institutions.
