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Genome - the operating system for your financial life

Genome is a Lithuanian based Fintech bank founded in 2018. It provides financial services for individuals and businesses. Genome is the E-money institution supervised by the Bank of Lithuania. Primarily, it focuses on provision of products for e-commerce transactions.

Main features:
  • IBAN account
  • SEPA and SWIFT transfers
  • Money transfers
  • Merchant accounts
  • Multicurrency accounts
  • Payment acceptance with credit card on website and other alternative payment methods

Opening an account
Genome opens personal and business account through online verification. For personal accounts, customers will need to upload passport or ID. Corporate customers submit a proof of domain ownership, processing and charge-back statement from the previous processor for 6 months, certificate of incorporation, information on company shareholder structure and a list of directors documents, memorandum and articles of association. All documents are accepted in a scanned format.
For merchant accounts customers need to present merchant domain ownership proof, last 3 months processing history or business plan and fulfillment/supply agreement (optional).

Personal Accounts
With personal accounts, customers get multicurrency accounts with a unique IBAN. Clients can transfer money with SEPA and SWIFT. Exchange services provide a beneficial conversion rate, even during non-banking hours.
Fees:

Business Accounts
Customers enjoy Genome business account as it allows to make instant payouts and process payments. With Genome business accounts it is possible to make international money transfers for various business purposes, such as paying salaries, transferring money to partners, suppliers and service providers.
Fees:

Merchant Accounts
In comparison to business accounts, merchant accounts are dedicated to accept electronic payment transactions for merchants’ goods and services. In other words, if you sell goods on Amazon, eBay or other platform, or, alternatively, if you sell things online on your website, then you need a merchant account. In this way, your customers can choose to pay with a credit card from anywhere in the world, or use other alternative method. Businesses need to have business accounts to conduct administrative operations, such as paying to service providers, paying salary and accepting money for goods and services. Business owners can transfer money from merchant account to business account in order to withdraw money.

The same applies to your outlets. If you want to allow your client to pay by credit card, again you will need to set up a merchant account.

With Genome you would easily separate funds needed to conduct administrative operations and to receive income generated from your business.

Genome merchant account allows to:
  • Accept Mastercard and Visa payments.
  • Accept alternative payment methods, such as Alipay, Skrill, Paysafecard, WeChat Pay, Sofort, etc.
  • Have multiple integration options on the website with customers and website.

Customers holding Genome’s merchant accounts will need to comply with payment card industry security standards, such as PCI DSS and PSD2 applicable to EU merchants.

Open your IBAN account in Genome