What is Skyee? Skyee Review

Company Profile

Skyee is a licensed money operator in Hong Kong. With Hong Kong as its global trading center, it integrates the local clearing network of global banks and domestic licensed payment institutions to provide customers with overseas local accounts, real-time exchange rate management and global clearing tools to comprehensively improve the global capital operation efficiency of cross-border trading companies and reduce foreign exchange risks.

Whether it is an import or export enterprise, a goods or service trade transaction (logistics, tourism, studying abroad), as long as the relevant funds have a real and legal cross-border transaction background and comply with regulatory requirements, they can quickly realize the entry and exit of funds through Skyee's one-stop fund management platform, lock in real-time exchange rates, and clear funds to all parts of the world at a cost that is better than traditional banks.

Products

1. E-commerce payment collection

( 1 ) Supported platforms : Amazon, eBay, Cdiscount

( 2 ) Support 4 currencies: USD, EUR, JPY, GBP

( 3 ) Product advantages:

Low cost: The rate is capped at 0.5%, the best rate standard in the market

Excellent exchange rate: one rate per day, the last rate before 10:00 am

Multiple stores: one wallet, multiple stores, unified management

Easy to operate: online management, clear background details

Fast withdrawal: the funds will be credited to your account on the same day, accelerating capital turnover

Fast response: Domestic local customer service to help you solve your questions quickly

( 4 ) Usage process

Step 1: Registration application, submit KYC information:

Supports applications from individuals, mainland companies, and Hong Kong companies

Step 2: After the review is passed, select the platform type, assign an account and bind it to the store

Support Amazon, Ebay, Cdiscount

Step 3: After the platform issues funds, apply for withdrawal by yourself

Support withdrawal to public account, personal account (legal person or shareholder with more than 25%), third party

2. Foreign trade collection (offshore account)

( 1 ) Account type: Hong Kong offshore account, receiving wire transfers

( 2 ) Supports 9 currencies: offshore RMB (CNH), Hong Kong dollar (HKD), US dollar (USD), Euro (EUR), Japanese yen (JPY), British pound (GBP), Australian dollar (AUD), Canadian dollar (CAD), New Zealand dollar (NZD)

( 3 ) Product advantages:

Simple requirements: no deposit or financial management required, no witness required for account opening

Convenient operation: Apply online without leaving home

Quick account opening: Get an account on the same day

Convenient exchange settlement: not subject to the 50,000 USD limit, no additional handling fees

9 currencies for payment: RMB, USD, EUR, GBP...

Transparent exchange rate: Bank of China (Hong Kong) real-time foreign exchange rate, available for checking at any time

( 4 ) Usage process:

Step 1: Apply for an offshore account and submit KYC information:

Support mainland companies, Hong Kong companies and self-employed individuals;

You need to submit the company's business license, ID card of the actual controller of the enterprise (legal representative, shareholder), and company operating information;

Step 2: Bind withdrawal account:

Account holder and bank information required

Step 3: Confirmation of funds arrival:

Need to fill in the merchant transaction list and provide trade vouchers

Step 4: Apply for withdrawal:

You need to fill in the order information. If you need to convert RMB into RMB, you need to provide logistics documents (customs declaration, bill of lading, sea waybill, order number);

Support withdrawal to public account, personal account (legal person or shareholder with more than 25%), and third party;

3. VAT payment service

( 1 ) Site: Covering all Amazon sites in Europe

( 2 ) Usage process:

Step 1: Calculate taxes based on sales and report to the tax bureau

The UK pays quarterly, Germany pays monthly

Step 2: Remit tax to the tax bank

Just remit the amount to the bank

4.Supplier clearing service

( 1 ) Product model:

Based on the needs for capital entry, exchange and clearing generated during the export and foreign exchange collection process of enterprises, Skyee, as an overseas licensed currency exchange and remittance institution, cooperates with domestic People's Bank of China-authorized licensed payment companies and overseas financial institutions to provide enterprises with one-stop services for fully compliant capital clearing and exchange rate management.

One-stop service: Receipt → Currency exchange → Global payment

( 2 ) Product features:

More compliant

   All cross-border transactions are completed by licensed payment companies or overseas financial institutions authorized by the People's Bank of China, in line with the requirements of corporate formalization and financial audits. When funds enter the country, all related transactions are reported in foreign exchange through payment companies to serve foreign exchange regulatory regulations.

    More convenient

  All transactions except the first contract are completed online; one-stop service for collection → currency exchange → global payment, customers only need to trade with Skyee; save time (time limit T+1), save costs, and simplify financial work;

    More favorable fees

Clearing fee: 0.1~0.2% for entry, 0.2% for exit (minimum 200RMB/time);

Transparent exchange rate: Bank of China (Hong Kong) real-time foreign exchange rate, transparent and visible;

    Financial compliance guidance

Our senior financial specialists will assist in the formalization and guidance of your company's financial personnel.

( 3 ) Usage process:

Step 1: Review qualifications

Domestic company business license (three certificates in one) or Hong Kong company registration certificate/business registration certificate

Personal ID card of legal representative and shareholder holding more than 25% of shares

Cross-border Funding Service Cooperation Agreement

Declaration letter, supplier list, customer information collection form

Step 2: Restore the order

Merchant transaction list

Step 3: Provide documents

Provide documents that can prove the original and real transaction information

(Contract, invoice, delivery note, logistics information screenshot, etc.)

About the Team

Lin Jian

Co-founder/CEO

Deputy General Manager of International Business Department, Bank of East Asia
Former Alibaba International Payment Senior Expert
Cross-border payment and trade finance experts

Chen Jianwen

Vice President, Head of Capital Operation Center

· Worked at Citibank, ANZ, and Mitsubishi UFJ Bank’s Asia Pacific headquarters
· Served as the head of foreign exchange trading department and the head of foreign exchange product sales department

Huang Yanling

Chief Compliance Officer

· Worked in the anti-money laundering supervision department of the People’s Bank of China
Internationally recognized anti-money laundering specialist
· More than 8 years of experience in compliance and anti-money laundering

Yan Guanghe

Japan Director

Postgraduate student at Toyo University, Japan
· Worked at Mitsubishi UFJ Bank, Japan

Fang Lizhi

UK Director

Former head of Greater China for FC Exchange, a British foreign exchange company

Shenghua

US Director

Doctor of Law, USA
· Licensed attorney in New York and New Jersey, USA
· Former Chief Legal Officer of a Nasdaq-listed company

Development History

2016

• Obtained US MSB (Money service business) qualification and US California government license

• Obtained Hong Kong MSO (Money service operator) license

• E-commerce payment products are launched, and domestic payment institutions are the first to release local payment products in Euro

• Obtained bank credit of RMB 2.8 billion

2017

• Subsidiaries established in Hong Kong, the United States, the United Kingdom and Japan

• Won the title of "Top Ten Cross-border Payment"

• The business has passed the comprehensive independent compliance audit by BDO, a top 5 audit firm in the United States

2018

• Foreign trade payment products officially released

• Officially became a WeChat payment service provider

• Invited to attend the world's top financial summit Money 20/20 and delivered a keynote speech

Brand Upgrade

On October 12, 2017, it officially announced that its brand image would be upgraded across the board. It would no longer use the name "SKYEE", but would officially and comprehensively use "Skyee". The brand logo and official website were also changed.

References

• 1. Skyee introduces Ruisai network risk management system, and its compliance operation is upgraded again: China News Network [cited on 2018-10-30]
• 2. World-renowned service provider Accuity signs strategic agreement with Skyee: TOM [cited on 2018-04-20]
• 3. About us: Skyee official website [cited on 2018-03-08]
• 4. Skyee empowers China's real economy with technology and financial services: Xinhuanet [cited on 2018-08-31]
• 5. Skyee and Tonglian Payment jointly create a new cross-border payment ecosystem: Phoenix.com [cited on 2018-11-29]
• 6. Skyee Vice President Chen Jianwen was invited to give a keynote speech at Money20/20: Sina.com [cited on 2018-11-14]
• 7. Skyee and Lakala cooperate to launch one-stop cross-border financial services: China Economic News Network [cited on 2018-11-26]