---
title: "Freemarketfx Limited SWIFT/BIC code FMFXGB2LXXX · United Kingdom | Elucidate"
description: "Licensed in the United Kingdom: Authorised Payment Institution (FCA). SWIFT/BIC code FMFXGB2LXXX for Freemarketfx Limited, United Kingdom. Head-office BIC."
url: https://elucidate.co/directory/freemarketfx-limited-fmfxgb2l
---
1. [Directory](https://elucidate.co/directory)
2. [United Kingdom](https://elucidate.co/directory/country/gb)
3. Freemarketfx Limited
United Kingdom · Payments & e-money
# Freemarketfx Limited
FreemarketFX Limited is a private limited company incorporated in England and Wales and based in London. The Financial Conduct Authority (FCA) authorises it as an authorised payment institution under the Payment Services Regulations 2017 (FRN 585093). BHL (UK) Holdings Limited holds more than 25% but not more than 50% of its shares, and the 2025 accounts name it as the immediate and ultimate parent. Trading as Freemarket, the firm provides business-to-business cross-border payments, payment accounts and foreign exchange to corporate clients, including gaming operators, payment firms and digital asset providers. Its wholly owned subsidiary, FreemarketFX Ireland Limited, is separately authorised by the Central Bank of Ireland.
Register status
Licensed in the United Kingdom
Authorised Payment Institution · FCA
Prudential licence
[1 licence or registration ↓](https://elucidate.co/directory/freemarketfx-limited-fmfxgb2l#licences)
BIC **FMFXGB2LXXX** LEI **[213800641NEEA3KG9K90](https://search.gleif.org/#/record/213800641NEEA3KG9K90)** [Licence no. **585093**](https://elucidate.co/directory/freemarketfx-limited-fmfxgb2l#licences) Connected to Swift Head-office BIC only [Claim this profile](https://elucidate.co/directory/freemarketfx-limited-fmfxgb2l#claim)
## Licences and registrations
Held by Freemarketfx Limited (LEI 213800641NEEA3KG9K90). 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 - 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 | 585093 | [United Kingdom](https://elucidate.co/directory/country/gb) | Active | 2018-05-16 | — | - Payment services | [Search the register ↗](https://register.fca.org.uk/s/) |
Trading names on the register: Freemarket (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:** FMFXGB2LXXX head office
- **Connection to Swift:** Connected to Swift
- **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:** 2013-10-12
- **Last updated:** 2024-01-06
## Overview
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/freemarketfx-limited-fmfxgb2l#overview-sources)
Customers
Not published
Employees
123
headcount · Group · 31 Dec 2025 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/07289573/filing-history/MzU0MjA2MTM1OWFkaXF6a2N4/document?format=pdf&download=0)
Ownership
Privately held
BHL (UK) Holdings Limited
Firm type
FX and business payments
Trades as Freemarket
- **Ownership:** BHL (UK) Holdings Limited (Companies House 08604368) holds more than 25% but not more than 50% of the shares and voting rights, and the directors state that there is no ultimate controlling party.
- **Direct parent:** BHL (UK) Holdings Limited, United Kingdom
- **Head office:** Unit 331-333 Metal Box Factory, 30 Great Guildford Street, SE1 0HS London, United Kingdom
- **Company register:** Companies House 07289573
- **Incorporated:** 18 Jun 2010
- **Founder:** Alex Hunn
- **Former name:** CEDEL CAPITAL LIMITED
### Online
- **Websites & references:** [wearefreemarket.com ↗](https://www.wearefreemarket.com/) [help.wearefreemarket.com ↗](https://help.wearefreemarket.com/) client help centre [freemarketfx.github.io ↗](https://freemarketfx.github.io/Docs/articles/introduction.html) developer portal (API documentation)
- **Official social accounts:** [LinkedIn ↗](https://uk.linkedin.com/company/freemarketfx) · [X ↗](https://x.com/wearefreemarket/)
Sources · 13 pages consulted
1. [register.fca.org.uk/s/firm?id=001b000000NMd8SAAT](https://register.fca.org.uk/s/firm?id=001b000000NMd8SAAT)
2. [find-and-update.company-information.service.gov.uk/company/07289573/filing-history/MzU0MjA2MTM1OWFkaXF6a2N4/document?format=pdf&download=0](https://find-and-update.company-information.service.gov.uk/company/07289573/filing-history/MzU0MjA2MTM1OWFkaXF6a2N4/document?format=pdf&download=0)
3. [find-and-update.company-information.service.gov.uk/company/07289573/persons-with-significant-control](https://find-and-update.company-information.service.gov.uk/company/07289573/persons-with-significant-control)
4. [find-and-update.company-information.service.gov.uk/company/07289573/officers](https://find-and-update.company-information.service.gov.uk/company/07289573/officers)
5. [find-and-update.company-information.service.gov.uk/company/07289573/filing-history](https://find-and-update.company-information.service.gov.uk/company/07289573/filing-history)
6. [wearefreemarket.com/en-gb/about/governance](https://www.wearefreemarket.com/en-gb/about/governance)
7. [wearefreemarket.com/faqs](https://www.wearefreemarket.com/faqs)
8. [wearefreemarket.com/terms-and-conditions-corporate-terms-v7](https://www.wearefreemarket.com/terms-and-conditions-corporate-terms-v7)
9. [wearefreemarket.com/about-freemarket-management-team-and-board?hsLang=en-gb](https://www.wearefreemarket.com/about-freemarket-management-team-and-board?hsLang=en-gb)
10. [wearefreemarket.com/news/freemarket-extends-partnership-with-axiym](https://www.wearefreemarket.com/news/freemarket-extends-partnership-with-axiym)
11. [bairdcapital.com/news/2023/05/freemarket-secures-growth-capital-investment-from-baird-capital/](https://www.bairdcapital.com/news/2023/05/freemarket-secures-growth-capital-investment-from-baird-capital/)
12. [napier.ai/post/freemarket-napier-partner](https://www.napier.ai/post/freemarket-napier-partner)
13. [hedgethink.com/freemarket-axiym-liqui-dt-primary-market-usdt/](https://www.hedgethink.com/freemarket-axiym-liqui-dt-primary-market-usdt/)
## Authorisation
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/freemarketfx-limited-fmfxgb2l#overview-sources)
- **Operates under:** Its own licences
The FCA authorises the firm as an authorised payment institution under the Payment Services Regulations 2017 (FRN 585093). Its Irish sister entity, FreemarketFX Ireland Limited, holds a separate payment institution licence from the Central Bank of Ireland (C456818).
| Authority | Licence or registration | Number | Held | Status | Source |
| --- | --- | --- | --- | --- | --- |
| Financial Conduct Authority United Kingdom | Authorised Payment Institution | 585093 | In its own name | Active | [register.fca.org.uk ↗](https://register.fca.org.uk/s/firm?id=001b000000NMd8SAAT) |
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/freemarketfx-limited-fmfxgb2l#overview-sources)
- **Safeguarding:** Segregated safeguarding accountsThe firm states that it holds customer funds in pooled safeguarding accounts in the name of FreemarketFX Ltd Client Accounts, kept separate from its own funds, at credit institutions authorised in the UK and the EEA. [wearefreemarket.com ↗](https://www.wearefreemarket.com/faqs)
- **Payment schemes and card networks:** Swift Access not stated
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/freemarketfx-limited-fmfxgb2l#overview-sources)
- International money transfer
- Multi currency accounts
- FX conversion
- Payouts and mass payments
- Domestic payments
It offers corporate clients payment accounts, foreign exchange and cross-border payments in more than 30 currencies through its platform and API. It focuses on gaming, payment and money-service firms and digital asset providers.
The firm serves corporate clients from the UK under its FCA authorisation, and its 2025 accounts report turnover from the UK, the rest of Europe and the rest of the world. EEA clients are served by the Irish subsidiary.
- **Revenue:** GBP 21.9mGroup · 31 Dec 2025 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/07289573/filing-history/MzU0MjA2MTM1OWFkaXF6a2N4/document?format=pdf&download=0)
- **Sells to:** Enterprises · Financial institutions · Platforms and marketplaces · Small businesses
- **Serves customers in:** United Kingdom
- **Latest funding round:** growth capital investment May 2023 Led by Baird Capital (Global Private Equity Fund) [bairdcapital.com ↗](https://www.bairdcapital.com/news/2023/05/freemarket-secures-growth-capital-investment-from-baird-capital/)
## Leadership
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/freemarketfx-limited-fmfxgb2l#overview-sources)
- **Chair & chief executive:**  Andrew Adams Chief Executive Officer and Chairman Confirmed 29 Sep 2026 · [wearefreemarket.com ↗](https://www.wearefreemarket.com/about-freemarket-management-team-and-board?hsLang=en-gb)
- **Chief financial officer:**  Andy Wilson Chief Financial Officer Confirmed 29 Sep 2026 · [wearefreemarket.com ↗](https://www.wearefreemarket.com/about-freemarket-management-team-and-board?hsLang=en-gb)
- **Compliance / MLRO:** Jamie King Head of Compliance and MLRO; Company Secretary Confirmed 29 Sep 2026 · [napier.ai ↗](https://www.napier.ai/post/freemarket-napier-partner)
- **Executive:**  Geoff Close Chief Risk Officer Confirmed 29 Sep 2026 · [wearefreemarket.com ↗](https://www.wearefreemarket.com/about-freemarket-management-team-and-board?hsLang=en-gb)
- **Founder:**  Alex Hunn Founder; Non-Executive Director and Member of the Risk Committee Confirmed 29 Sep 2026 · [wearefreemarket.com ↗](https://www.wearefreemarket.com/about-freemarket-management-team-and-board?hsLang=en-gb)
- **Executive:**  Andy Lyons Chief Growth Officer Confirmed 29 Sep 2026 · [wearefreemarket.com ↗](https://www.wearefreemarket.com/about-freemarket-management-team-and-board?hsLang=en-gb)
## Recent events
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/freemarketfx-limited-fmfxgb2l#overview-sources)
1. Sep 2026
Other
Freemarket and Axiym launched LIQUI-DT, a service giving businesses access to newly issued USDT from Tether.
[hedgethink.com ↗](https://www.hedgethink.com/freemarket-axiym-liqui-dt-primary-market-usdt/)
2. Mar 2026
Other
The firm announced a strategic investment in Axiym as part of Axiym's latest funding round.
[wearefreemarket.com ↗](https://www.wearefreemarket.com/news/freemarket-extends-partnership-with-axiym)
3. Oct 2025
Leadership
Murray Raisbeck and Louise Kingston joined the board, and Michael Holgate and Ian Leech stepped down as directors.
[find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/07289573/filing-history)
4. Jul 2025
Leadership
Jamie King replaced founder Alex Hunn as company secretary, and the registered office moved within the Metal Box Factory.
[find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/07289573/filing-history)
5. Jul 2024
Leadership
Andrew Adams was appointed a director on 15 July 2024. The firm says he joined the board as Chair and CEO.
[find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/07289573/officers)
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:** FMFXGB2LXXX
- **How the BIC breaks down:** 1. FMFX Bank 2. GB Country · United Kingdom 3. 2L Location 4. XXX Branch · head office
- **Branch description:** Not recorded in the directory
- **LEI:** 213800641NEEA3KG9K90
- **LEI record:** [View on GLEIF ↗](https://search.gleif.org/#/record/213800641NEEA3KG9K90)
- **Licence no. · FCA-PSD:** 585093
- **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:** 99641607c4b7
## Profile
- **Type:** Payments & e-money
- **Regulation:** Prudential licence
- **Register licences:** [1 entry on 1 register](https://elucidate.co/directory/freemarketfx-limited-fmfxgb2l#licences)
- **Activities:** - Payment services
- **Licensed in:** [United Kingdom](https://elucidate.co/directory/country/gb)
- **Website (register):** [www.wearefreemarket.com ↗](https://www.wearefreemarket.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.
## Addresses
- **Registered address:** GG107 METAL BOX FACTORY 30 GREAT GUILDFORD STREET LONDON SE1 0HS UNITED KINGDOM
- **Operational address:** GG107 METAL BOX FACTORY 30 GREAT GUILDFORD STREET LONDON LONDON SE1 0HS 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
FMFXGB2LXXX
213800641NEEA3KG9K90
```
### 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
FMFXGB2LXXX
213800641NEEA3KG9K90
FREEMARKETFX LIMITED
LONDON
GB
GG107 METAL BOX FACTORY 30 GREAT GUILDFORD STREET LONDON SE1 0HS
```
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 BICs starting “FMFX”
- [Freemarketfx Ireland Limited BIC FMFXIE22 Payments & e-money Prudential licence Ireland · Licensed by Central Bank of Ireland · C456818 (EBA-PSD2) · LEI 984500B89A5B591BDF59](https://elucidate.co/directory/freemarketfx-ireland-limited-fmfxie22)
The same first four characters. A shared prefix does not show a shared owner.
### 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 Freemarketfx Limited?
Claim this page to have it marked as verified by the bank, and to send us corrections. We verify every claim before anything changes on the page.
1. 01 **Submit** Tell us who you are, using your work email.
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
- **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: [wearefreemarket.com](https://www.wearefreemarket.com/) (official website) · [original](https://www.wearefreemarket.com/hubfs/Freemarket%20logo%20RGB.svg); Andrew Adams: [wearefreemarket.com](https://www.wearefreemarket.com/about-freemarket-management-team-and-board) (official website) · [original](https://www.wearefreemarket.com/hs-fs/hubfs/Andrew%20Adams%20-%20Headshot-1.jpg?width=6000&name=Andrew%20Adams%20-%20Headshot-1.jpg); Andy Wilson: [wearefreemarket.com](https://www.wearefreemarket.com/about-freemarket-management-team-and-board) (official website) · [original](https://www.wearefreemarket.com/hs-fs/hubfs/DAT12357.jpg?width=6000&height=5550&name=DAT12357.jpg); Geoff Close: [wearefreemarket.com](https://www.wearefreemarket.com/about-freemarket-management-team-and-board) (official website) · [original](https://www.wearefreemarket.com/hs-fs/hubfs/Geoff%20Close%20headshot.webp?width=1500&height=1500&name=Geoff%20Close%20headshot.webp); Alex Hunn: [wearefreemarket.com](https://www.wearefreemarket.com/about-freemarket-management-team-and-board) (official website) · [original](https://www.wearefreemarket.com/hs-fs/hubfs/Alex%20Hunn%20headshot.webp?width=1500&height=1500&name=Alex%20Hunn%20headshot.webp); Andy Lyons: [wearefreemarket.com](https://www.wearefreemarket.com/about-freemarket-management-team-and-board) (official website) · [original](https://www.wearefreemarket.com/hs-fs/hubfs/Andy%20Lyons%20-%20Headshot.jpg?width=6000&name=Andy%20Lyons%20-%20Headshot.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.