--- title: "Epassi Clearing Oy · Payment institution (Finnish Financial Supervisory Authority) · Finland | Elucidate" description: "Epassi Clearing Oy is authorised by Finnish Financial Supervisory Authority as a payment institution in Finland. Licence 28722419. LEI 8945003XY9F2SG7R7A09. Register status, licences, activities and ownership." url: https://elucidate.co/directory/epassi-clearing-oy-74db98d23767 --- 1. [Directory](https://elucidate.co/directory) 2. [Finland](https://elucidate.co/directory/country/fi) 3. Epassi Clearing Oy Finland · Payments & e-money # Epassi Clearing Oy Epassi Clearing Oy is a Finnish limited company and part of Epassi Group. The Finnish Financial Supervisory Authority (FIN-FSA) authorises it as a payment institution under the Payment Institutions Act (297/2010). It processes employee and fringe-benefit payments for the Epassi service and remits them to the merchants that accept Epassi. It also provides the Epassi Wallet payment functions to consumers in the Epassi app. Its sister company Epassi Finland Oy contracts with employers. Funds of TA Associates and Warburg Pincus have held a majority of Epassi Group since December 2023. Register status Licensed in Finland Payment institution · Finnish Financial Supervisory Authority Prudential licence [2 licences and registrations ↓](https://elucidate.co/directory/epassi-clearing-oy-74db98d23767#licences) BIC **No BIC** LEI **[8945003XY9F2SG7R7A09](https://search.gleif.org/#/record/8945003XY9F2SG7R7A09)** [Licence no. **28722419**](https://elucidate.co/directory/epassi-clearing-oy-74db98d23767#licences) ## Licences and registrations Held by Epassi Clearing Oy (LEI 8945003XY9F2SG7R7A09). 2 entries on 1 of the 22 tracked registers, retrieved 25 September 2026. | Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [EBA PSD2 Register](https://elucidate.co/directory/register/eba-psd2) Finnish Financial Supervisory Authority | Payment institutionPayment Institution | 28722419 | [Finland](https://elucidate.co/directory/country/fi) | Active | 2018-06-11 | — | - Payment services - Card acquiring - Payment initiation - Account information | [Search the register ↗](https://euclid.eba.europa.eu/register/pir/search) | | [EBA PSD2 Register](https://elucidate.co/directory/register/eba-psd2) Finnish Financial Supervisory Authority | Account information service providerAccount Information Service Provider | 28722419 | [Finland](https://elucidate.co/directory/country/fi) | Active | 2020-11-20 | — | - Account information | [Search the register ↗](https://euclid.eba.europa.eu/register/pir/search) | - 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/epassi-clearing-oy-74db98d23767#overview-sources) Customers 50,000 customers · Group · 18 Mar 2026 · [company statement ↗](https://www.epassi.com/news/epassi-appoints-three-senior-leaders-to-accelerate-european-growth) Employees 1,000 headcount · Group · 26 Nov 2025 · [company statement ↗](https://www.businesswire.com/news/home/20251126015983/en/Epassi-Announces-Leadership-Transition) Ownership Group subsidiary Firm type E-money and accounts Trades as Epassi - **Ownership:** The firm belongs to Epassi Group, and funds of TA Associates and Warburg Pincus have held a majority of the group since December 2023. - **Head office:** Porkkalankatu 22 A, 00180 Helsinki, Finland (registered office: Linnoitustie 11, 02600 Espoo, Finland) - **Company register:** Finnish Trade Register (Business ID) 2872241-9 - **Founder:** Risto Virkkala ### Online - **Websites & references:** [epassi.fi ↗](https://www.epassi.fi/) [epassi.com ↗](https://www.epassi.com/) Epassi Group website [services.epassi.fi ↗](https://services.epassi.fi/) Epassi online service and login portal [support.epassi.fi ↗](https://support.epassi.fi/) customer support centre - **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/epassi) · [Facebook ↗](https://www.facebook.com/EpassiFinland) · [Instagram ↗](https://www.instagram.com/epassifinland) - **Apps:** [Google Play ↗](https://play.google.com/store/apps/details?id=fi.eventbrokers.sporttipassimobile) · [App Store ↗](https://apps.apple.com/fi/app/epassi/id651335156) · [appgallery.huawei.com ↗](https://appgallery.huawei.com/app/C103242951) Sources · 11 pages consulted 1. [epassi.fi/terms-of-use](https://www.epassi.fi/terms-of-use) 2. [epassi.fi/yleiset-sopimusehdot-tyonantaja-asiakkaille-022026](https://www.epassi.fi/yleiset-sopimusehdot-tyonantaja-asiakkaille-022026) 3. [epassi.fi/en/home](https://www.epassi.fi/en/home) 4. [epassi.fi/en/news/epassi-joins-forces-with-smartum-to-strengthen-its-expansion-in-europe](https://www.epassi.fi/en/news/epassi-joins-forces-with-smartum-to-strengthen-its-expansion-in-europe) 5. [epassi.fi/sopimusehdot](https://www.epassi.fi/sopimusehdot) 6. [epassi.fi/fi/uutiset/epassi-vie-alipayn-pohjoismaihin-ja-baltiaan](https://www.epassi.fi/fi/uutiset/epassi-vie-alipayn-pohjoismaihin-ja-baltiaan) 7. [epassi.com/news/ta-and-warburg-pincus-acquire-majority-stake-in-epassi-group-from-bregal-milestone](https://www.epassi.com/news/ta-and-warburg-pincus-acquire-majority-stake-in-epassi-group-from-bregal-milestone) 8. [ta.com/portfolio/investments/epassi/](https://www.ta.com/portfolio/investments/epassi/) 9. [epassi.com/news/epassi-announces-leadership-transition](https://www.epassi.com/news/epassi-announces-leadership-transition) 10. [businesswire.com/news/home/20251126015983/en/Epassi-Announces-Leadership-Transition](https://www.businesswire.com/news/home/20251126015983/en/Epassi-Announces-Leadership-Transition) 11. [epassi.com/news/epassi-appoints-three-senior-leaders-to-accelerate-european-growth](https://www.epassi.com/news/epassi-appoints-three-senior-leaders-to-accelerate-european-growth) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/epassi-clearing-oy-74db98d23767#overview-sources) - **Operates under:** Its own licences The FIN-FSA authorises the firm as a payment institution under the Payment Institutions Act (297/2010). The EBA register shows the authorisation under number 28722419, covering payment services, acquiring, payment initiation and account information. | Authority | Licence or registration | Number | Held | Status | Source | | --- | --- | --- | --- | --- | --- | | Finnish Financial Supervisory Authority (FIN-FSA) Finland | Payment institution | 28722419 | In its own name | Active | [epassi.fi ↗](https://www.epassi.fi/terms-of-use) | | Finnish Financial Supervisory Authority (FIN-FSA) Finland | Account information service provider | 28722419 | 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](https://elucidate.co/directory/epassi-clearing-oy-74db98d23767#overview-sources) - **Safeguarding:** Segregated safeguarding accountsThe firm's terms of use say OwnMoney loads are paid into a customer funds account but do not name the bank that holds it. [epassi.fi ↗](https://www.epassi.fi/terms-of-use) 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/epassi-clearing-oy-74db98d23767#overview-sources) - Domestic payments - Merchant acquiring - E-money wallet It settles employee-benefit payments made with the Epassi app to merchants in Finland. It also runs the Epassi Wallet, which holds a prepaid OwnMoney balance and lets users spend partner loyalty points, such as Finnair's. The Epassi Wallet terms require a Finnish personal identity code and a Finnish bank account. The firm serves users and merchants in Finland. - **Sells to:** Consumers · Enterprises · Small businesses - **Serves customers in:** Finland ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/epassi-clearing-oy-74db98d23767#overview-sources) - **Executive:** Nickyl Raithatha Group CEO, Epassi Group (group-level role) Confirmed 18 Mar 2026 · [epassi.com ↗](https://www.epassi.com/news/epassi-appoints-three-senior-leaders-to-accelerate-european-growth) - **Executive:** Pekka Rantala Non-Executive Chair, Epassi Group (group-level role) Confirmed 26 Nov 2025 · [businesswire.com ↗](https://www.businesswire.com/news/home/20251126015983/en/Epassi-Announces-Leadership-Transition) ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/epassi-clearing-oy-74db98d23767#overview-sources) 1. Mar 2026 Leadership Epassi Group appointed Phil Jones as Chief Revenue Officer, Ross Seychell as Chief People Officer and Cho Hwang as Chief Technology Officer. [epassi.com ↗](https://www.epassi.com/news/epassi-appoints-three-senior-leaders-to-accelerate-european-growth) 2. Nov 2025 Leadership Epassi Group named Nickyl Raithatha as Group CEO from 2026. Pekka Rantala stays on the board as Non-Executive Chair. [epassi.com ↗](https://www.epassi.com/news/epassi-announces-leadership-transition) 3. Sep 2024 Merger / acquisition Epassi Group acquired the Finnish employee-benefits provider Smartum, and the seller, The Orange Company, became an Epassi shareholder. [epassi.fi ↗](https://www.epassi.fi/en/news/epassi-joins-forces-with-smartum-to-strengthen-its-expansion-in-europe) 4. Dec 2023 Merger / acquisition TA Associates and Warburg Pincus completed their acquisition of a majority stake in Epassi Group from Bregal Milestone. [ta.com ↗](https://www.ta.com/portfolio/investments/epassi/) 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. · EBA-PSD2:** 28722419 - **BIC:** Holds no BIC in Swift’s directory - **LEI:** [8945003XY9F2SG7R7A09 ↗](https://search.gleif.org/#/record/8945003XY9F2SG7R7A09) - **How the LEI was matched:** Matched by Elucidate to GLEIF on name and country only - **Elucidate firm ID:** 74db98d23767 ## Profile - **Type:** Payments & e-money - **Regulation:** Prudential licence - **Main licence class:** Payment Institution - **Activities:** - Payment services - Card acquiring - Payment initiation - Account information - **Licensed in:** [Finland](https://elucidate.co/directory/country/fi) · Europe & Central Asia - **First registered:** 2018-06-11 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 - **Address on the register:** Linnoitustie 11, 02600 ESPOO, ESPOO, 02600 - **Country:** Finland ## 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 8945003XY9F2SG7R7A09 Epassi Clearing Oy 02600 ESPOO FI Linnoitustie 11, 02600 ESPOO ``` - The address line repeats the town or postcode. Remove the repeat if your payment system rejects it. 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 Finland - [Kvarn Capital Oy · trading as Kvarn X No BIC Payments & e-money Crypto Prudential licence Finland · Licensed by Finnish Financial Supervisory Authority · 32888032 (EBA-PSD2) · also on ESMA-CASP · LEI 9845009F15A5B9FD7F45](https://elucidate.co/directory/kvarn-capital-oy-e13c73028784) - [Visma Payments Oy No BIC Payments & e-money Prudential licence Finland · Licensed by Finnish Financial Supervisory Authority · 24865594 (EBA-PSD2) · LEI 743700XYF5NFRU352D44](https://elucidate.co/directory/visma-payments-oy-c8cc0cfca407) - [Wolt License Services Oy No BIC Payments & e-money Prudential licence Finland · Licensed by Finnish Financial Supervisory Authority · 31720705 (EBA-PSD2) · LEI 743700SOJA4DGZUEIQ23](https://elucidate.co/directory/wolt-license-services-oy-987e8375baa0) - [Zevoy Aktiebolag No BIC Payments & e-money Prudential licence Finland · Licensed by Finnish Financial Supervisory Authority · 31477514 (EBA-PSD2) · LEI 743700HWAF38LYZ9MW17](https://elucidate.co/directory/zevoy-aktiebolag-e83e7d5bcab8) - [Book Salon Oy No BIC Payments & e-money Prudential licence Finland · Licensed by Finnish Financial Supervisory Authority · 27861214 (EBA-PSD2) · LEI 7437000YHXKXTUD8EK71](https://elucidate.co/directory/book-salon-oy-85f844161807) - [Coinmotion Oy · trading as Coinmotion No BIC Payments & e-money Crypto Prudential licence Finland · Licensed by Finnish Financial Supervisory Authority · 24696831 (EBA-PSD2) · also on ESMA-CASP · LEI 743700PZG5RRF7SA4Q58](https://elucidate.co/directory/coinmotion-oy-5bf8966239de) - [Enfuce License Services Oy No BIC Payments & e-money Prudential licence Finland · Licensed by Finnish Financial Supervisory Authority · 29925023 (EBA-PSD2) · LEI 743700WRC8QM4A5D3G23](https://elucidate.co/directory/enfuce-license-services-oy-079ae8b4029a) - [NorthCrypto Oy · trading as NorthCrypto No BIC Payments & e-money Crypto Prudential licence Finland · Licensed by Finnish Financial Supervisory Authority · 29182549 (EBA-PSD2) · also on ESMA-CASP · LEI 743700CHRVVP342JOA67](https://elucidate.co/directory/northcrypto-oy-d1e52b3d083e) [See all →](https://elucidate.co/directory/search?type=payments&cc=FI) [Other entries on EBA-PSD2 →](https://elucidate.co/directory/register/eba-psd2) 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) Register for this page - **EBA PSD2 Register**—European Banking Authority (EBA) · [source ↗](https://euclid.eba.europa.eu/register/pir/search) 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. ## 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.