United Kingdom · Payments & e-money
Ecospend Technologies Limited
Trading asTrustly
Ecospend Technologies Limited is a private limited company registered in England and based in London. The FCA authorises it as a payment institution (FRN 829713) to provide payment initiation and account information services. Trustly UK Limited has owned it since January 2023, and Trustly AB (publ.) of Sweden is its ultimate controlling party. It sells pay-by-bank and bank-data services to merchants and public-sector bodies, including HM Revenue & Customs. It trades under the Ecospend brand and, according to the FCA register, also under the name Trustly.
Licences and registrations
Held by Ecospend Technologies Limited. 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 & RAISPsFCA | Authorised Payment InstitutionPayment Institution | 829713 | United Kingdom | Active | 2019-05-09 | — |
|
Search the register ↗ |
| FCA Financial Services Register - Payment Institutions & RAISPsFCA | Registered Account Information Service ProviderAccount Information Service Provider | 812359 | United Kingdom | Cancelled - RAISP | — | Ended 2019-05-13 |
|
Search the register ↗ |
Trading names on the register: Trustly (FCA-PSD)
- 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. No LEI is matched to this entry, and BICs are linked by LEI only.
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Group subsidiary
Trustly UK Limited
Firm type
Open banking
Trades as Ecospend
- Ownership
- Trustly UK Limited (Companies House 08841430) holds 75% or more of the shares and voting rights, and Trustly AB (publ.) of Stockholm is the ultimate controlling party.
- Direct parent
- Trustly UK Limited, United Kingdom
- Ultimate owner
- Trustly AB (publ.), Sweden
- Head office
- The Wingate, 93-107 Shaftesbury Avenue, W1D 5DY London, United Kingdom
- Company register
- Companies House 11114967
- Incorporated
- 18 Dec 2017
- Founder
- Metin Erkman
Online
- Websites & references
- ecospend.com ↗
docs.ecospend.com ↗ API documentation - Official social accounts
- LinkedIn ↗
Sources · 14 pages consulted
- register.fca.org.uk/s/firm?id=0010X00004KSo9HQAT
- find-and-update.company-information.service.gov.uk/company/11114967
- find-and-update.company-information.service.gov.uk/company/11114967/officers
- find-and-update.company-information.service.gov.uk/company/11114967/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/11114967/filing-history
- find-and-update.company-information.service.gov.uk/company/11114967/filing-history/MzQ4NjA1Mjg5MGFkaXF6a2N4/document?format=pdf&download=0
- ecospend.com/
- ecospend.com/terms-conditions/
- trustly.com/us/terms-and-conditions---uk-ecospend
- trustly.com/press/trustly-closes-acquisition-of-ecospend
- trustly.com/press/trustly-acquires-ecospend-further-strengthening-position-in-the-united-kingdom
- trustly.com/press/rustlys-ecospend-retains-its-key-open-banking-contract-with-hmrc
- openbankingexpo.com/news/ecospend-reports-substantial-rise-in-tax-payments-to-hmrc-using-pay-by-bank/
- globalgovernmentfinance.com/hmrc-ecospend-open-banking-procurement-new-contract/
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FCA authorises the firm as an authorised payment institution (FRN 829713) to provide payment initiation and account information services. Its earlier FCA registration as an account information service provider (812359) was cancelled in May 2019.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Payment Institution | 829713 | In its own name | Active | register.fca.org.uk ↗ |
| Financial Conduct Authority United Kingdom | Registered Account Information Service Provider | 812359 | 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
The firm provides pay-by-bank payment initiation and account information services to merchants. It runs the Pay by Bank option for HM Revenue & Customs, which covers more than 40 tax regimes.
It serves customers in the United Kingdom under its FCA authorisation. Its 2024 accounts say it serves merchants and customers in the UK and the EU.
- Revenue
- GBP 3.59m
- Payment volume
- GBP 12bnPay by Bank tax payments to HMRC, 1 February 2024 to 20 January 2025
- Sells to
- Public sector · Enterprises · Small businesses
- Serves customers in
- United Kingdom
Leadership
Researched 29 Sep 2026 · Sources
- Executive
- Jonas Palmquist Director
- Executive
- Daniel Philip Hecker Director
- Executive
- Joanna Marie Hacking Director
Recent events
Researched 29 Sep 2026 · Sources
-
Leadership
The firm appointed Joanna Marie Hacking as a director on 14 January 2026, when Tornike Liparteliani resigned.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
The firm appointed Daniel Philip Hecker as a director on 14 May 2025, when Mitchell Thomas Powers resigned.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
James Hickman, formerly chief commercial officer, resigned as a director on 27 February 2025.
find-and-update.company-information.service.gov.uk ↗ -
Other
The firm moved certain merchants to another Trustly group entity after a third-party banking provider it used entered special administration.
find-and-update.company-information.service.gov.uk ↗ -
Other
HM Revenue & Customs awarded the firm a new open banking contract running from August 2024 to August 2027.
trustly.com ↗
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
- Licence no. · FCA-PSD
- 829713
- Licence no. · FCA-PSD
- 812359
- BIC
- Holds no BIC in Swift’s directory
- LEI
- No LEI mapped
- Companies House no.
- 11114967 ↗
- Elucidate firm ID
- 443abbd47da3
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.
- Main licence class
- Payment Institution
- Activities
- Payment services
- Account information
- Licensed in
- United Kingdom · Europe & Central Asia
- First registered
- 2019-05-09
- Website
- www.ecospend.com ↗
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
No LEI is matched to this entry, so GLEIF relationship records cannot be linked.
Persons with significant control
Companies House · company 11114967 ↗ · as at 9 October 2026
Companies House lists 1 person with significant control for Ecospend Technologies Limited: 1 company.
| Name | Type | Nature of control | Notified |
|---|---|---|---|
| Trustly Uk Limited ↗ | Company · UK | 75–100% of shares · 75–100% of votes · Can appoint or remove directors | 27 January 2023 |
| Trustly Uk Limited: the company states that no person or legal entity has significant control over it. | |||
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 ↗Addresses
- Address on the register
- 93-107 SHAFTESBURY AVENUE, The Wingate, LONDON, W1D 5DY
- 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. No LEI or clearing code is mapped in the directory
- Postal address
- Hybrid: town, postcode and country in their own elements, the rest in two address lines
<FinInstnId>
<Nm>Ecospend Technologies Limited</Nm>
<PstlAdr>
<PstCd>W1D 5DY</PstCd>
<TwnNm>LONDON</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>93-107 SHAFTESBURY AVENUE</AdrLine>
<AdrLine>The Wingate</AdrLine>
</PstlAdr>
</FinInstnId>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.
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 →Register for this page
- FCA Financial Services Register - Payment Institutions & RAISPs—Financial Conduct Authority (FCA) · source ↗ as at 25 September 2026
- Persons with significant control—Companies House · source ↗ 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.
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A licence records what an institution is authorised to do; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment institutions.
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