An Estonian intermediary and the British “Shaman”: how Alexander Bain put the shell company TigSiPay, with a Bank of Latvia license, up for sale

An Estonian intermediary and the British “Shaman”: how Alexander Bain put the shell company TigSiPay, with a Bank of Latvia license, up for sale

Crypto “prince” Evgeny P. has revealed a highly non-public offer. A company called TigSiPay is up for sale—a shell company with a full European electronic money institution (EMI) license.

The founder and majority owner, through the Estonian intermediary Broxburn Capital OÜ, is British citizen Alexander Bain. In a narrow operational circle, he is known by the striking nickname “Shaman.”

As soon as TigSiPay received its license from the Bank of Latvia, Vilnis Jēkabsons joined its board. For 18 years (until August 2021), he headed the Office of Citizenship and Migration Affairs (PMLP). In November 2025, Jēkabsons formalized his involvement by acquiring a 15% stake in the company, valued at EUR 165,000.

License No. 27-55/2024/3, issued by the Bank of Latvia, allows TigSiPay to issue electronic money, open settlement accounts, and process transit payments across the entire EU. The license is now being offered for sale outside standard procedures, together with the “empty” company.

Semen Golovetskiy
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