Looking for a EU bank / EMI for my crypto fund (SAIF in Estonia)

Hi everybody,

I am looking for someone who could help regarding opening a corporate bank account for a SAIF Crypto-assets Investment Fund I recently opened in Estonia.

• Everything has been done by the book with support of one of the best law firm in the region (Njord)
• The Partnership qualifies as the alternative investment fund within the meaning of Directive 2011/61/EU of the European Parliament and of the Council on Alternative Investment Fund Managers.
• Fund AML and KYC procedures are agreed by the estonian FIU, and under registration by the FIA
• My own KYC as director of the Fund is bulletproof clean (french citizen, clean criminal record off course, etc)

In Summary :
Everything is super clean and perfectly structured. Nothing to hide. Nothing dark in mind.
Working as researcher for PE & VC Fund, I just try to take the opportunity of the numerous HWNI vested in the funds I work with, who ask me repeatedly : "could you manage for us buying crypto, manage portfolio and custody, and when and how to exit in few months/years ?".
BUT :

• This Fund is designed to welcome small investments (from 10k€, rich people want crypto but only put toe in the water from now...!) and will probably start with a global NAV of 200-300k€ only.
• Yes, it is possible because it's a private fund so I can welcome non-professional investors, thus break the €100k traditional minimum investment level.
• I can build some bulls**t Business Plan claiming I aim to reach the 100 millions € NAV in the next 6 months, but reality is 200-300k€ for next quarter.

Problem is:
>> I struggle to find a bank which agreed to open a corporate account for the fund in order to receive investors money.
>> Bank Frick for example, only work now with clients being already established = >€10M reenues/NAV minimum
>> Estonian banks require that you proove deep connexions with estonian businesses / clients / investors (which I do not have)
>> Lithuania / UK could be the solution but I have no introduction with banks there...

The fact that it's a crypto-assets fund is not really important here, as I will buy crypto to craft the fund portfolio using OTC services : it will look like a simple SWIFT to a supplier from the account data perspective...

I understand that such help might imply reward.
If anyone has an idea... :)

Conclusion of the week: it was tricky but I found a solution ! Thank you all for your help.

I ended up today with 4 Corporate business bank account opened for my fund : Holvi, LHV, Revolut, Transferwise. Wittix is pending, and will be the fifth in case of approval. All this is not just for fun, but to ensure the business is not compromised on case of sudden account closing for any reason.
I was expecting a little more help from the mentor group to say the truth...
But anyway, I now know exactly what to say, how to say it, and more important : what NOT to say in order to avoid immediate refusal from banks.
The main point to understand here is that banks do not want to hear the truth: their process are based on an "average" operator who has been trained to check boxes in a form. Your sincerity, your true vision, your background or reputation: all this means absolutely nothing for them, and neither do they have the time to listen to it. You fit with the boxes, or you don't. Period.
The rule is to twist your story and the facts in order to fit with the boxes, without crossing at any moment the "proven lie" line...
Contact me in PM for those who need precise explanations, I will be glad to help on a one to one basis.

@bluewen, you seems kind and intelligent.

1_ What I did is perfectly clean, clear, legal and has been agreed by the biggest law firm in Estonia
2_What I did does not imply lie, fake documentm, fake story, false information : you should read again my previous message...
3_ I have absolutely no trouble explaining the origination of the transactions, as it comes from a regulated registred crypto fund.
4_Switzerland does not apply to my case for 2 reasons :
4.1 because you can't launch a SAIF in the LP form in Switzerland, thus you can't accept lower minimum investment than $150 000.
4.2 because I work with Switzerland on daily basis for the PE Fund I craft studies for, and know for fact that baks there do not even pick up the phone under $10M under management.

Hope it helps yo understand.

As explain here all the hell I went through : as I paid to be part of the mentor group especially to receive USEFUL advice, and not people telling me how almost impossible it will be with no pragmatic efficient solution, I find weird to pay AND provide the solutions for everybody else for free.
None of any of the questions I raised so far on that forum received any valuable answer of any sort.
So.... :)

No time to argue, sorry, I have a job.
And ming you, €95 is €95, not zero.