United Kingdom · Payments & e-money
Incard LTD
Incard Ltd is a private limited company incorporated in England and Wales and headquartered in London. The FCA authorises it as an electronic money institution (Firm Reference Number 1027309) to issue e-money and provide payment services in the United Kingdom. It also acts as an agent of TrueLayer for account information services. Incard Group Holdings Ltd holds 75% or more of its shares. The firm offers multi-currency e-money business accounts in GBP, EUR and USD, Visa business debit cards, international transfers and FX to e-commerce brands, agencies, creators and other digital businesses. Before the FCA authorised it in December 2025, the firm acted as an EMD agent of The Currency Cloud Limited, and Transact Payments Limited issued its cards.
Licences and registrations
Held by Incard LTD (LEI 98450072D95EEF6LAA27). 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 | 1027309 | United Kingdom | Active | 2025-12-12 | — |
|
Search the register ↗ |
Trading names on the register: Incard (FCA-EMI)
- 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
- ICARGB22XXX 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 ICARGB22 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
- 2025-08-02
- Last updated
- 2025-08-02
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Group subsidiary
Incard Group Holdings Ltd
Firm type
E-money and accounts
Trades as Incard
- Ownership
- Incard Group Holdings Ltd (Companies House 16851591) has held 75% or more of the firm's shares and voting rights since 22 December 2025, when it replaced the chief executive, Theo Cesarini, as the person with significant control.
- Direct parent
- Incard Group Holdings Ltd ↗, United Kingdom
- Head office
- Hamilton House, 1 Temple Avenue, EC4Y 0HA London, United Kingdom (registered office: 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ, United Kingdom)
- Company register
- Companies House 13073893
- Incorporated
- 9 Dec 2020
- Founders
- Theo Cesarini · Soraya Tribouillois · Liam Seskis · Matteo Martino
Online
- Websites & references
- incard.com ↗
legal.incard.co ↗ legal documents, licence and safeguarding pages
help.incard.co ↗ help centre
app.incard.com ↗ web application login
incard.co ↗ earlier domain - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗ · TikTok ↗
Sources · 13 pages consulted
- legal.incard.co/licenses/license-uk
- incard.com/
- legal.incard.co/terms-and-conditions/general-services-agreement-uk.md
- legal.incard.co/terms-and-conditions/card-terms.md
- legal.incard.co/licenses/safeguarding.md
- find-and-update.company-information.service.gov.uk/company/13073893/officers
- find-and-update.company-information.service.gov.uk/company/13073893/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/13073893
- legal.incard.co/llms.txt
- legal.incard.co/archive/archive-license-eea.md
- legal.incard.co/terms-and-conditions/general-services-agreement-uk
- smartfinvc.com/news/smartfin-leads-10-mio-series-a-investment-in-incard-the-financial-operating-system-f
- fintechfutures.com/business-banking/incard-lands-uk-emi-licence-to-expand-business-banking-services
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Several models
- Licensed firm it operates under
- TrueLayer, United Kingdom agent of TrueLayer (FCA Firm Reference Number 901096), which provides the regulated account information service
The FCA authorises the firm as an electronic money institution under the Electronic Money Regulations 2011 and the Payment Services Regulations 2017. It provides account information services as an agent of TrueLayer, which the FCA authorises (Firm Reference Number 901096).
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Electronic Money Institution | 1027309 | In its own name | Active | legal.incard.co ↗ |
| Financial Conduct Authority United Kingdom | Agent of TrueLayer (FRN 901096) for account information services | — | As agent | Active | legal.incard.co ↗ |
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
- Safeguarding
- Segregated safeguarding accountsThe firm states that it keeps safeguarded funds separate from its own money in accounts with authorised credit institutions, and that the funds are not covered by the FSCS.
- Payment schemes and card networks
- Visa Direct legal.incard.co ↗
Swift Access not stated legal.incard.co ↗
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
It offers e-money business accounts in GBP, EUR and USD, Visa Platinum business debit cards and FX to e-commerce brands, agencies, creators and AI start-ups. It also offers cashback on card spending and an aggregated view of accounts held at other banks.
Its account terms require a business registered in the UK, and its card terms cover business account holders established in the UK or Switzerland.
- Sells to
- Small businesses · Enterprises
- Serves customers in 2 countries
- United Kingdom · Switzerland
- Latest funding round
- Series A · GBP 10m Feb 2026Led by Smartfin
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Theo Esteban Pablo Cesarini Chief Executive Officer and Director
- Founder
- Soraya Tribouillois Director
- Founder
- Matteo Antonio Vincenzo Martino Director
- Executive
- Matthew John Tuck Director
Recent events
Researched 29 Sep 2026 · Sources
-
Leadership
The firm appointed Matthew John Tuck as a director on 10 March 2026.
find-and-update.company-information.service.gov.uk ↗ -
Funding
Incard announced a GBP 10 million Series A round led by Smartfin, with Founders Capital and MountFund participating.
smartfinvc.com ↗ -
Other
Incard Group Holdings Ltd became the firm's person with significant control, replacing Theo Cesarini.
find-and-update.company-information.service.gov.uk ↗ -
Licence
The FCA authorised the firm as an electronic money institution with Firm Reference Number 1027309.
legal.incard.co ↗ -
Leadership
Selim Toker resigned as a director of the firm on 4 December 2023.
find-and-update.company-information.service.gov.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
- ICARGB22XXX
- How the BIC breaks down
- ICARBank
- GBCountry · United Kingdom
- 22Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 98450072D95EEF6LAA27
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-EMI
- 1027309
- 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
- 7cac2a074749
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
- Website (register)
- www.incard.co ↗
- 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
- Direct parent
- Incard Group Holdings LTD · United Kingdom984500DCM4B80A61F264 ↗
Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- 71-75 SHELTON STREET COVENT GARDEN LONDON WC2H 9JQ UNITED KINGDOM
- Operational address
- 71-75 SHELTON STREET COVENT GARDEN LONDON LONDON WC2H 9JQ 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>ICARGB22XXX</BICFI>
<LEI>98450072D95EEF6LAA27</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>ICARGB22XXX</BICFI>
<LEI>98450072D95EEF6LAA27</LEI>
<Nm>INCARD LTD</Nm>
<PstlAdr>
<TwnNm>LONDON</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>71-75 SHELTON STREET COVENT GARDEN LONDON WC2H 9JQ</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
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- 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: incard.com (official website).
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