--- title: "Arbitrage Capital Limited · Authorised Payment Institution (FCA) · United Kingdom | Elucidate" description: "Arbitrage Capital Limited is authorised by FCA as an authorised payment institution in the United Kingdom. Licence 789606. LEI 213800QZ23A3TTI54639. Register status, licences, activities and ownership." url: https://elucidate.co/directory/arbitrage-capital-limited-3d6cbb63c6be --- 1. [Directory](https://elucidate.co/directory) 2. [United Kingdom](https://elucidate.co/directory/country/gb) 3. Arbitrage Capital Limited United Kingdom · Payments & e-money # Arbitrage Capital Limited Arbitrage Capital Limited is a private limited company registered in England and Wales, with its office in London. The FCA authorises it as an authorised payment institution under the Payment Services Regulations 2017, firm reference number 789606. It held a small payment institution registration until February 2018. Since 5 April 2024 Jonathan Brian Ovadia has held 75% or more of its shares. Under the ARBRemit brand it has offered online money transfers from the UK, including to Nigeria. Register status Licensed in the United Kingdom Authorised Payment Institution · FCA Prudential licence [3 licences and registrations ↓](https://elucidate.co/directory/arbitrage-capital-limited-3d6cbb63c6be#licences) BIC **No BIC** LEI **[213800QZ23A3TTI54639](https://search.gleif.org/#/record/213800QZ23A3TTI54639)** [Licence no. **789606**](https://elucidate.co/directory/arbitrage-capital-limited-3d6cbb63c6be#licences) ## Licences and registrations Held by Arbitrage Capital Limited (LEI 213800QZ23A3TTI54639). 3 entries on 2 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 | Authorised Payment InstitutionPayment Institution | 789606 | [United Kingdom](https://elucidate.co/directory/country/gb) | Active | 2018-02-26 | — | - Payment services | [Search the register ↗](https://register.fca.org.uk/s/) | | [Money Services Business Registry](https://elucidate.co/directory/register/fintrac-msb) FINTRAC | Foreign MSB (FMSB)Money Transmitter / Remittance | N300000309 | [Canada](https://elucidate.co/directory/country/ca) | Active | 2026-03-24 | Renews 2028-03-25 | - Money remittance | [Search the register ↗](https://fintrac-canafe.canada.ca/msb-esm/msb-eng) | | [FCA Financial Services Register - Payment Institutions & RAISPs](https://elucidate.co/directory/register/fca-psd) FCA | Small Payment InstitutionPayment Institution | 756671 | [United Kingdom](https://elucidate.co/directory/country/gb) | Cancelled - Small PI | — | Ended 2018-02-26 | - Payment services | [Search the register ↗](https://register.fca.org.uk/s/) | - 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. ## Swift network Swift’s ISO 9362 BIC directory Holds no BIC in Swift’s directory. Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file. ## Overview Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/arbitrage-capital-limited-3d6cbb63c6be#overview-sources) Customers Not published Employees 1 headcount · This entity · 30 Sep 2024 · [regulatory filing ↗](https://find-and-update.company-information.service.gov.uk/company/08438234/filing-history/MzQ3MjMyNzQ2NGFkaXF6a2N4/document?format=pdf&download=0) Ownership Privately held Firm type Money remittance Trades as ARBRemit - **Standing:** The firm's website arbcap.io showed an under-maintenance page on 29 September 2026. Control changed on 5 April 2024, when Jonathan Brian Ovadia became the person with significant control. - **Ownership:** Jonathan Brian Ovadia has held 75% or more of the shares and voting rights since 5 April 2024, according to Companies House. - **Major shareholder:** Jonathan Brian Ovadia - **Head office:** Suite 101, 54 South Molton Street, W1K 5SG London, United Kingdom - **Company register:** Companies House 08438234 - **Incorporated:** 11 Mar 2013 ### Online - **Websites & references:** [arbcap.io ↗](https://www.arbcap.io/) [arbremit.com ↗](https://www.arbremit.com/) ARBRemit money-transfer brand site - **Official social accounts:** None found Sources · 10 pages consulted 1. [find-and-update.company-information.service.gov.uk/company/08438234/officers](https://find-and-update.company-information.service.gov.uk/company/08438234/officers) 2. [find-and-update.company-information.service.gov.uk/company/08438234/persons-with-significant-control](https://find-and-update.company-information.service.gov.uk/company/08438234/persons-with-significant-control) 3. [find-and-update.company-information.service.gov.uk/company/08438234/filing-history](https://find-and-update.company-information.service.gov.uk/company/08438234/filing-history) 4. [find-and-update.company-information.service.gov.uk/company/08438234/filing-history/MzQ3MjMyNzQ2NGFkaXF6a2N4/document?format=pdf&download=0](https://find-and-update.company-information.service.gov.uk/company/08438234/filing-history/MzQ3MjMyNzQ2NGFkaXF6a2N4/document?format=pdf&download=0) 5. [fca.org.uk/news/warnings/arb-capital-clone-fca-authorised-firm-clone-fca-authorised-firm](https://www.fca.org.uk/news/warnings/arb-capital-clone-fca-authorised-firm-clone-fca-authorised-firm) 6. [arbcap.io/](https://www.arbcap.io/) 7. [arbremit.com/legal-info.html](https://www.arbremit.com/legal-info.html) 8. [arbremit.com/](https://www.arbremit.com/) 9. [arbremit.com/terms-conditions.html](https://www.arbremit.com/terms-conditions.html) 10. [psr.org.uk/media/gsxk2v21/fps-participants-list-june-2024.pdf](https://www.psr.org.uk/media/gsxk2v21/fps-participants-list-june-2024.pdf) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/arbitrage-capital-limited-3d6cbb63c6be#overview-sources) - **Operates under:** Its own licences The FCA authorises the firm as an authorised payment institution under the Payment Services Regulations 2017 (FRN 789606). FINTRAC registers it in Canada as a foreign money services business for money remittance. | Authority | Licence or registration | Number | Held | Status | Source | | --- | --- | --- | --- | --- | --- | | Financial Conduct Authority (FCA) United Kingdom | Authorised Payment Institution | 789606 | In its own name | Active | [arbremit.com ↗](https://www.arbremit.com/legal-info.html) | | Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) Canada | Foreign Money Services Business (money transmitter / remittance) | N300000309 | In its own name | Active | — | | HM Revenue & Customs (HMRC) United Kingdom | Money Service Business registration | 12846992 | In its own name | Status unconfirmed | [arbremit.com ↗](https://www.arbremit.com/legal-info.html) | | Financial Conduct Authority (FCA) United Kingdom | Small Payment Institution | 756671 | 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. ## Partners and safeguarding Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/arbitrage-capital-limited-3d6cbb63c6be#overview-sources) - **Safeguarding:** Segregated safeguarding accountsARBRemit states that customers' money is held in client-segregated accounts, separate from its business accounts. [arbremit.com ↗](https://www.arbremit.com/) - **Payment schemes and card networks:** Faster Payments Access not stated [psr.org.uk ↗](https://www.psr.org.uk/media/gsxk2v21/fps-participants-list-june-2024.pdf) Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices. ## Products and markets Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/arbitrage-capital-limited-3d6cbb63c6be#overview-sources) - International money transfer - FX conversion Under the ARBRemit brand it describes itself as an online-only money transfer service, with no physical stores or agents. It serves customers ranging from small family transfers to large commercial or property payments, and it names Nigeria as a destination. It serves customers from the UK under its FCA authorisation. It has also been registered with FINTRAC as a foreign money services business since March 2026. - **Sells to:** Consumers · Small businesses - **Serves customers in:** United Kingdom ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/arbitrage-capital-limited-3d6cbb63c6be#overview-sources) - **Executive:** Jonathan Brian Ovadia Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/08438234/officers) ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/arbitrage-capital-limited-3d6cbb63c6be#overview-sources) 1. Mar 2025 Leadership Olakunle Oyetayo, a director since incorporation in 2013, resigned as director on 31 March 2025. [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/08438234/officers) 2. Apr 2024 Merger / acquisition Jonathan Brian Ovadia became the firm's person with significant control and a director on 5 April 2024, replacing Olakunle Oyetayo as controller. [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/08438234/persons-with-significant-control) 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. ## Regulator warnings Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/arbitrage-capital-limited-3d6cbb63c6be#overview-sources) 1. 18 Mar 2022 Impersonation Financial Conduct Authority (FCA), United Kingdom The FCA warned that a clone firm called ARB Capital, using the website arb-capital.com, was impersonating the firm, and stated it has no connection with Arbitrage Capital Limited. [fca.org.uk ↗](https://www.fca.org.uk/news/warnings/arb-capital-clone-fca-authorised-firm-clone-fca-authorised-firm) Entries on regulators’ consumer-warning lists that name the firm or its brand. An impersonation warning is about fraudsters posing as the firm, not about the firm itself. ## Identifiers - **Licence no. · FCA-PSD:** 789606 - **Licence no. · FINTRAC-MSB:** N300000309 - **Licence no. · FCA-PSD:** 756671 - **BIC:** Holds no BIC in Swift’s directory - **LEI:** [213800QZ23A3TTI54639 ↗](https://search.gleif.org/#/record/213800QZ23A3TTI54639) - **How the LEI was matched:** Matched by Elucidate on the UK company number the register gives - **Companies House no.:** [08438234 ↗](https://find-and-update.company-information.service.gov.uk/company/08438234) - **Elucidate firm ID:** 3d6cbb63c6be - **Merged register entry:** 55e7d3e805eb · FINTRAC-MSB ## Profile - **Type:** Payments & e-money · Money service business - **Regulation:** Prudential licence - **Main licence class:** Payment Institution - **Activities:** - Payment services - **Licensed in:** [United Kingdom](https://elucidate.co/directory/country/gb) · Europe & Central Asia - **First registered:** 2018-02-26 - **Website:** [www.arbcap.io ↗](https://www.arbcap.io/) 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 [08438234 ↗](https://find-and-update.company-information.service.gov.uk/company/08438234) · as at 9 October 2026 Companies House lists 1 person with significant control for Arbitrage Capital Limited: 1 individual. | Name | Type | Nature of control | Notified | | --- | --- | --- | --- | | Jonathan Brian Ovadia | Individual | 75–100% of shares · 75–100% of votes · Can appoint or remove directors | 5 April 2024 | 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/08438234/persons-with-significant-control) ## Addresses - **Address on the register:** Suite 101, 54 South Molton Street, London, W1K 5SG - **Country:** United Kingdom ## ISO 20022 identification As an agent in a Swift cross-border payment message (CBPR+) This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code. - **Identified by:** Name and postal address, with its LEI - **Postal address:** Hybrid: town, postcode and country in their own elements, the rest in one address line ```xml 213800QZ23A3TTI54639 Arbitrage Capital Limited W1K 5SG London GB Suite 101, 54 South Molton Street ``` CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent. The values are as published by the register. 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) [Other entries on FCA-PSD →](https://elucidate.co/directory/register/fca-psd) Sources & method Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI. An institution missing from these registers is not necessarily unregulated. Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists. 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) Registers for this page - **FCA Financial Services Register - Payment Institutions & RAISPs**—Financial Conduct Authority (FCA) · [source ↗](https://register.fca.org.uk/s/) as at 25 September 2026 - **Money Services Business Registry**—Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) · [source ↗](https://fintrac-canafe.canada.ca/msb-esm/msb-eng) 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. ## Assess the financial crime risk behind a licence A licence records what an institution is authorised to do; it does not assess it. The [Elucidate FinCrime Index (EFI)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks and payment institutions. [Book a demo](https://elucidate.co/demo-request) 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.