United Kingdom · Payments & e-money
Bastion Fingroup Limited
Bastion Fingroup Limited is a private limited company registered in England and Wales. It has its registered office in the City of London. The Financial Conduct Authority (FCA) authorises it as an electronic money institution under reference 900985. Viacheslav Charyev, its sole director, holds 75% or more of its shares. The firm has advertised IBAN payment accounts in GBP, USD and EUR, Mastercard debit and prepaid cards and currency exchange for corporate clients. The High Court ordered the company to be wound up in January 2025 and rescinded the order in February 2026. Its website now states that it is not active and not trading.
Licences and registrations
Held by Bastion Fingroup Limited (LEI 254900JPSQNEG7B5S655). 1 entry 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 - E-Money InstitutionsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised E-Money InstitutionE-Money / Stored Value Institution | 900985 | United Kingdom | Active | 2019-12-24 | — |
|
Search the register ↗ |
- 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
- BAFPGB22XXX head office
- Connection to Swift
- Reverse billingThe institution is connected to Swift. Messages sent to it are billed to the institution, not to the sender. The “2” in the eighth character of BAFPGB22 marks 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
- 2021-02-06
- Last updated
- 2021-03-18
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Privately held
Firm type
E-money and accounts
Trades as Bastion
- Standing · Unknown
- The firm's homepage states that the company is "not active and not trading". The High Court made a winding-up order against the company on 29 January 2025 on a petition by Guavapay Limited. It rescinded that order on 26 February 2026 after the company's creditors were paid. Companies House now shows the company as active. The filed accounts for the year to 31 October 2025 report an average of no employees.
- Ownership
- Viacheslav Charyev is the only person with significant control. According to Companies House, he holds 75% or more of the shares.
- Major shareholder
- Viacheslav Charyev
- Head office
- Level 30 The Leadenhall Building, 122 Leadenhall Street, EC3V 4AB London, United Kingdom
- Company register
- Companies House 11611661
- Incorporated
- 9 Oct 2018
- Former name
- PAYNOW CAPITAL LIMITED
Online
- Websites & references
- bastionfingroup.com ↗
bastionfingroup-client.com ↗ client sign-in portal linked from the homepage - Official social accounts
- None found
Sources · 11 pages consulted
- find-and-update.company-information.service.gov.uk/company/11611661
- find-and-update.company-information.service.gov.uk/company/11611661/insolvency
- find-and-update.company-information.service.gov.uk/company/11611661/filing-history
- find-and-update.company-information.service.gov.uk/company/11611661/officers
- find-and-update.company-information.service.gov.uk/company/11611661/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/11611661/filing-history/MzUxMTk4NDEyN2FkaXF6a2N4/document?format=pdf&download=0
- find-and-update.company-information.service.gov.uk/company/11611661/filing-history/MzUzMzQzNDg0NGFkaXF6a2N4/document?format=pdf&download=0
- thegazette.co.uk/notice/4784511
- bastionfingroup.com/
- bastionfingroup.com/documents.html
- bastionfingroup.com/terms.html
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FCA authorises the firm as an electronic money institution under reference 900985. The authorisation dates from 24 December 2019.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Electronic Money Institution | 900985 | In its own name | Active | — |
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
- Payment schemes and card networks
- Mastercard Direct bastionfingroup.com ↗
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
The firm has advertised direct IBAN accounts for legal entities in GBP, USD and EUR for Swift and SEPA payments, Mastercard debit and prepaid cards linked to those accounts and currency exchange. Its website now states that it is not trading.
The firm says its clients were mainly corporate entities from the United Kingdom, the European Union and other countries. It serves them under its UK authorisation.
- Sells to
- Enterprises · Small businesses
- Serves customers in
- United Kingdom
Leadership
Researched 29 Sep 2026 · Sources
- Executive
- Viacheslav Charyev Director
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The High Court rescinded the winding-up order against the company after its director undertook to pay the listed creditors' debts in full.
find-and-update.company-information.service.gov.uk ↗ -
Other
The High Court made a compulsory winding-up order against the company on a petition by Guavapay Limited. The Official Receiver acted as liquidator.
find-and-update.company-information.service.gov.uk ↗ -
Other
Guavapay Limited, a creditor, presented a petition to the High Court to wind up the company.
thegazette.co.uk ↗
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
- BAFPGB22XXX
- How the BIC breaks down
- BAFPBank
- GBCountry · United Kingdom
- 22Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 254900JPSQNEG7B5S655
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-EMI
- 900985
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entry: Matched by Elucidate on the UK company number the register gives.
- Register-entry ID
- 1821b053ba19
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Register licences
- 1 entry on 1 register
- Activities
- Payment services
- E-money / stored value
- Licensed in
- United Kingdom
- 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.
Addresses
- Registered address
- 65 COMPTON STREET LONDON UNITED KINGDOM
- Operational address
- 65 COMPTON STREET LONDON LONDON 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
<FinInstnId>
<BICFI>BAFPGB22XXX</BICFI>
<LEI>254900JPSQNEG7B5S655</LEI>
</FinInstnId>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
<FinInstnId>
<BICFI>BAFPGB22XXX</BICFI>
<LEI>254900JPSQNEG7B5S655</LEI>
<Nm>BASTION FINGROUP LIMITED</Nm>
<PstlAdr>
<TwnNm>LONDON</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>65 COMPTON STREET LONDON</AdrLine>
</PstlAdr>
</FinInstnId>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.
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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 →Credits for this page
- FCA Financial Services Register - E-Money Institutions—Financial Conduct Authority (FCA) · register ↗ as at 25 September 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: bastionfingroup.com (official website) · original.
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