---
title: "Afrotrade Limited SWIFT/BIC code AFRDGB22XXX · United Kingdom | Elucidate"
description: "Licensed in the United Kingdom: Authorised Payment Institution (FCA). SWIFT/BIC code AFRDGB22XXX for Afrotrade Limited, United Kingdom. Head-office BIC."
url: https://elucidate.co/directory/afrotrade-limited-afrdgb22
---
1. [Directory](https://elucidate.co/directory)
2. [United Kingdom](https://elucidate.co/directory/country/gb)
3. Afrotrade Limited
United Kingdom · Payments & e-money
# Afrotrade Limited
Afrotrade Limited is a private limited company registered in England and Wales, with offices in Rainham, Essex. The FCA authorises it as an authorised payment institution under reference 625846. Companies House records Emily Adedunni Esho as the person with significant control, holding 75% or more of the shares. Trading as Afrotradegroup and MoreNaira, it offers online and app-based money transfers from the United Kingdom to Nigeria for UK-resident individuals and businesses.
Register status
Licensed in the United Kingdom
Authorised Payment Institution · FCA
Prudential licence
[2 licences and registrations ↓](https://elucidate.co/directory/afrotrade-limited-afrdgb22#licences)
BIC **AFRDGB22XXX** LEI **[213800Q83XDHOIB6TI19](https://search.gleif.org/#/record/213800Q83XDHOIB6TI19)** [Licence no. **625846**](https://elucidate.co/directory/afrotrade-limited-afrdgb22#licences) Reverse billing Head-office BIC only [Claim this profile](https://elucidate.co/directory/afrotrade-limited-afrdgb22#claim)
## Licences and registrations
Held by Afrotrade Limited (LEI 213800Q83XDHOIB6TI19). 2 entries on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| [FCA Financial Services Register - Payment Institutions & RAISPs](https://elucidate.co/directory/register/fca-psd) FCA Linked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised Payment InstitutionPayment Institution | 625846 | [United Kingdom](https://elucidate.co/directory/country/gb) | Active | 2018-05-14 | — | - Payment services | [Search the register ↗](https://register.fca.org.uk/s/) |
| [FCA Financial Services Register - Payment Institutions & RAISPs](https://elucidate.co/directory/register/fca-psd) FCA Linked by LEI. Matched by Elucidate on the UK company number the register gives. | Small Payment InstitutionPayment Institution | 540542 | [United Kingdom](https://elucidate.co/directory/country/gb) | Cancelled - Small PI | — | Ended 2014-11-04 | - Payment services | [Search the register ↗](https://register.fca.org.uk/s/) |
Trading names on the register: More Naira (FCA-PSD), Afrotradegroup (FCA-PSD)
- Licences belong to the legal entity, not to a BIC.
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
- The register entries and their trading names were not matched against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
## Swift network
Swift’s ISO 9362 BIC directory
- **BIC:** AFRDGB22XXX head office
- **Connection to Swift:** Reverse billing
- **Swift GPI:** Not on the member list
- **Payment schemes and systems:** No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- **Branch codes:** None: head-office BIC only
- **BIC first registered:** 2023-01-07
- **Last updated:** 2023-01-07
## Overview
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/afrotrade-limited-afrdgb22#overview-sources)
Customers
Not published
Employees
3
headcount · This entity · 31 Mar 2025 · [regulatory filing ↗](https://find-and-update.company-information.service.gov.uk/company/06186929/filing-history/MzQ5OTU5NDY4NGFkaXF6a2N4/document?format=pdf&download=0)
Ownership
Privately held
Firm type
Money remittance
Trades as Afrotradegroup / MoreNaira
- **Standing:** Companies House lists the company as active. First Gazette notices for compulsory strike-off were published in November 2020, September 2021 and July 2024, and each action was later discontinued. The GLEIF record shows its LEI registration as lapsed.
- **Ownership:** Companies House records Emily Adedunni Esho as the sole person with significant control, holding 75% or more of the shares and voting rights since May 2022.
- **Major shareholder:** Emily Adedunni Esho
- **Head office:** CEME Campus, Marsh Way, RM13 8EU Rainham, United Kingdom (registered office: 46 Parham Drive, Gants Hill, Ilford, Essex, IG2 6NB)
- **Company register:** Companies House 06186929
- **Incorporated:** 27 Mar 2007
### Online
- **Websites & references:** [afrotradegroup.com ↗](https://www.afrotradegroup.com/)
- **Official social accounts:** [LinkedIn ↗](http://uk.linkedin.com/pub/afrotradegroup-nigeria/20/439/402) · [X ↗](https://twitter.com/afrotradegroup) · [Facebook ↗](http://www.facebook.com/afrotrade) · [YouTube ↗](http://www.youtube.com/afrotradegroup)
- **App:** [Google Play ↗](https://play.google.com/store/apps/details?id=com.morenaira2&hl=en_GB)
Sources · 10 pages consulted
1. [find-and-update.company-information.service.gov.uk/company/06186929](https://find-and-update.company-information.service.gov.uk/company/06186929)
2. [find-and-update.company-information.service.gov.uk/company/06186929/officers](https://find-and-update.company-information.service.gov.uk/company/06186929/officers)
3. [find-and-update.company-information.service.gov.uk/company/06186929/persons-with-significant-control](https://find-and-update.company-information.service.gov.uk/company/06186929/persons-with-significant-control)
4. [find-and-update.company-information.service.gov.uk/company/06186929/filing-history](https://find-and-update.company-information.service.gov.uk/company/06186929/filing-history)
5. [find-and-update.company-information.service.gov.uk/company/06186929/filing-history/MzQ5OTU5NDY4NGFkaXF6a2N4/document?format=pdf&download=0](https://find-and-update.company-information.service.gov.uk/company/06186929/filing-history/MzQ5OTU5NDY4NGFkaXF6a2N4/document?format=pdf&download=0)
6. [afrotradegroup.com/index.php?page=about](https://www.afrotradegroup.com/index.php?page=about)
7. [afrotradegroup.com/index.php?page=moneytransfer](https://www.afrotradegroup.com/index.php?page=moneytransfer)
8. [afrotradegroup.com/index.php?page=terms](https://www.afrotradegroup.com/index.php?page=terms)
9. [afrotradegroup.com/fxconsult1/userfiles/file/Terms%20and%20Condition%20-%20Afrotradegroup.pdf](https://www.afrotradegroup.com/fxconsult1/userfiles/file/Terms%20and%20Condition%20-%20Afrotradegroup.pdf)
10. [register.fca.org.uk/servlet/servlet.FileDownload?file=015b0000006CXC7](https://register.fca.org.uk/servlet/servlet.FileDownload?file=015b0000006CXC7)
## Authorisation
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/afrotrade-limited-afrdgb22#overview-sources)
- **Operates under:** Its own licences
The FCA authorises the firm as an authorised payment institution under the Payment Services Regulations, reference 625846. Its terms state that it provides the online service in cooperation with a Nigerian affiliate, Afrotrade International Link Limited (RC696155).
| Authority | Licence or registration | Number | Held | Status | Source |
| --- | --- | --- | --- | --- | --- |
| Financial Conduct Authority United Kingdom | Authorised Payment Institution | 625846 | In its own name | Active | [afrotradegroup.com ↗](https://www.afrotradegroup.com/index.php?page=about) |
| Financial Conduct Authority United Kingdom | Small Payment Institution | 540542 | In its own name | Withdrawn or expired | — |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
## Products and markets
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/afrotrade-limited-afrdgb22#overview-sources)
- International money transfer
- FX conversion
- Payouts and mass payments
It sends GBP and EUR from the United Kingdom to bank accounts in Nigeria, and it also offers business invoice payments and remittances for Nigerian Treasury bill purchases.
Its terms limit senders to people habitually resident in the United Kingdom, and it pays funds out to bank accounts in Nigeria.
- **Sells to:** Consumers · Small businesses
- **Serves customers in 2 countries:** United Kingdom · Nigeria
## Leadership
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/afrotrade-limited-afrdgb22#overview-sources)
- **Executive:** Emily Adedunni Esho Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/06186929/officers)
## Recent events
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/afrotrade-limited-afrdgb22#overview-sources)
1. Nov 2024
Other
Companies House discontinued the compulsory strike-off action against the company after it filed its overdue confirmation statement.
[find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/06186929/filing-history)
2. Jul 2024
Other
Companies House published a First Gazette notice for the compulsory strike-off of the company.
[find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/06186929/filing-history)
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
## Identifiers
Head-office record
- **BIC:** AFRDGB22XXX
- **How the BIC breaks down:** 1. AFRD Bank 2. GB Country · United Kingdom 3. 22 Location · reverse billing 4. XXX Branch · head office
- **Branch description:** Not recorded in the directory
- **LEI:** 213800Q83XDHOIB6TI19
- **LEI record:** [View on GLEIF ↗](https://search.gleif.org/#/record/213800Q83XDHOIB6TI19)
- **Licence no. · FCA-PSD:** 625846
- **Licence no. · FCA-PSD:** 540542
- **How the LEI was matched:** BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file. Register entries: Matched by Elucidate on the UK company number the register gives.
- **Register-entry ID:** bcf16ead36ee
- **Companies House no.:** [06186929 ↗](https://find-and-update.company-information.service.gov.uk/company/06186929)
## Profile
- **Type:** Payments & e-money
- **Regulation:** Prudential licence
- **Register licences:** [2 entries on 1 register](https://elucidate.co/directory/afrotrade-limited-afrdgb22#licences)
- **Activities:** - Payment services
- **Licensed in:** [United Kingdom](https://elucidate.co/directory/country/gb)
- **Website (register):** [www.afrotradegroup.com ↗](https://www.afrotradegroup.com/)
- **Country · region:** United Kingdom · Europe & Central Asia
- **Trading venues (MIC):** No MIC registered under this LEI list of 2026-09-17
- **OFAC sanctions:** No listing cites this BIC
- **EU sanctions:** No listing matched this BIC or its LEI
- **Country sanctions:** No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
## Ownership and group
GLEIF relationship records
GLEIF’s relationship records name no parent for this LEI, and no group page is published for it.
## Persons with significant control
Companies House · company [06186929 ↗](https://find-and-update.company-information.service.gov.uk/company/06186929) · as at 9 October 2026
Companies House lists 1 person with significant control for Afrotrade Limited: 1 individual.
| Name | Type | Nature of control | Notified |
| --- | --- | --- | --- |
| Emily Adedunni Esho | Individual | 75–100% of shares · 75–100% of votes · Can appoint or remove directors · Significant influence or control as a firm member | 30 May 2022 |
Companies report persons with significant control to Companies House. Elucidate has not verified them.
A person with significant control holds more than 25% of the shares or votes, can appoint or remove the board, or has significant influence or control. Dates of birth and addresses are not shown.
Matched on the Companies House number that the FCA register gives for this firm.
[See the register at Companies House ↗](https://find-and-update.company-information.service.gov.uk/company/06186929/persons-with-significant-control)
## Addresses
- **Registered address:** CEME CAMPUS MARSH WAY, MARSH WAY, RAINHAM ESSEX RAINHAM RM13 8EU UNITED KINGDOM
- **Operational address:** CEME CAMPUS MARSH WAY MARSH WAY, RAINHAM ESSEX RAINHAM RAINHAM RM13 8EU UNITED KINGDOM
## ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- **Identified by:** BIC, with its LEI
- **Roles in CBPR+:** Any agent, including the instructing and instructed agents
### CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
```xml
AFRDGB22XXX
213800Q83XDHOIB6TI19
```
### Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
```xml
AFRDGB22XXX
213800Q83XDHOIB6TI19
AFROTRADE LIMITED
MARSH WAY
GB
CEME CAMPUS MARSH WAY, MARSH WAY, RAINHAM ESSEX RAINHAM RM13 8EU
```
The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
## Related institutions
### Other payments & e-money institutions in the United Kingdom
- [Stonex Financial LTD BIC IGLUGB2L Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 446717 (FCA-PSD) · also on FINTRAC-MSB · LEI 549300AWF3TOHRYL7754](https://elucidate.co/directory/stonex-financial-ltd-iglugb2l)
- [Dex International Limited · trading as DEXREMIT No BIC Payments & e-money Crypto Money service business Prudential licence United Kingdom · Licensed by FCA · 503929 (FCA-PSD) · also on HMRC-MLR, FINTRAC-MSB · LEI 9845003995D06S994R04](https://elucidate.co/directory/dex-international-limited-ff2b0c01c725)
- [Euronet Payment Services Ltd · trading as Ria Money Transfer, Ria No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 504630 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/euronet-payment-services-ltd-6f4dec33a392)
- [Instinet Europe Limited BIC ISNTGB2L Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 140822 (FCA-PSD) · LEI 213800MXAKR2LA1VBM44](https://elucidate.co/directory/instinet-europe-limited-isntgb2l)
- [Isx Financial UK LTD BIC ISFIGB22 Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 901034 (FCA-EMI) · LEI 2138007BDV9IRS8AYD07](https://elucidate.co/directory/isx-financial-uk-ltd-isfigb22)
- [Western Union Payment Services GB Limited · trading as Manning House, WU No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 816890 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/western-union-payment-services-gb-limited-0741de977896)
- [A to Z 4U Ltd · trading as SAAK REMIT, Saakpay No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 570837 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/a-to-z-4u-ltd-25c2ca0fa3b5)
- [Allied Wallet Limited No BIC Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 900124 (FCA-EMI) · also on FCA-PSD · LEI 213800HO66BDXP716G24](https://elucidate.co/directory/allied-wallet-limited-8983cc2e32eb)
[See all →](https://elucidate.co/directory/search?type=payments&cc=GB)
Claim this profile
## Work at Afrotrade Limited?
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2. 02 **We verify** We check the email domain and confirm your role with the bank. This usually takes up to five business days.
3. 03 **Profile claimed** The page is marked as claimed and verified. You can send us corrections at any time.
Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
Register entries are not screened against sanctions lists. The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
[Read the methodology →](https://elucidate.co/directory/methodology)
Credits for this page
- **FCA Financial Services Register - Payment Institutions & RAISPs**—Financial Conduct Authority (FCA) · [register ↗](https://register.fca.org.uk/s/) as at 25 September 2026
- **Persons with significant control**—Companies House · [source ↗](https://download.companieshouse.gov.uk/en_pscdata.html) as at 9 October 2026
- **Overview, authorisation, partners, products, leadership and events**—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- **Images**—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: [afrotradegroup.com](https://www.afrotradegroup.com/) (official website) · [original](https://www.afrotradegroup.com/images/afrotradeLogo.jpg).
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Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.