United Kingdom · Payments & e-money
M A Fastmove Limited
M A Fastmove Limited, trading as Shpun, is a Birmingham-based private limited company authorised by the FCA as a payment institution. It distributes virtual accounts provided by the electronic money institution Algbra FS UK Limited. Its director Wahidollah Safi holds 75% or more of its shares, according to Companies House. It offers international business payments, foreign exchange and card acceptance to UK businesses, fintechs and financial institutions.
Licences and registrations
Held by M A Fastmove Limited (LEI 8945002DLTN2YWZZAQ11). 3 entries on 2 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 & RAISPsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised Payment InstitutionPayment Institution | 817249 | United Kingdom | Active | 2019-08-13 | — |
|
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| HMRC MLR Supervised Business RegisterHMRCLinked by LEI. Matched by Elucidate on the UK company number the register gives. | Money Service BusinessMoney Transmitter / Remittance | XBML00000182191 | United Kingdom | Active | 2023-01-01 | — |
|
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| FCA Financial Services Register - Payment Institutions & RAISPsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Small Payment InstitutionPayment Institution | 788201 | United Kingdom | Cancelled - Small PI | — | Ended 2019-08-13 |
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Trading names on the register: Shpun Remit (FCA-PSD, HMRC-MLR), Shpun (FCA-PSD, HMRC-MLR)
- 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
- MFFTGB22XXX 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 MFFTGB22 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
- 2021-03-06
- Last updated
- 2024-06-01
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Privately held
Firm type
FX and business payments
Trades as Shpun
- Ownership
- Wahidollah Safi, a director, holds 75% or more of the shares and voting rights, and the 2025 accounts name him as ultimate controlling party.
- Major shareholder
- Wahidollah Safi
- Head office
- The Colmore Building, 20 Colmore Circus Queensway, B4 6AT Birmingham, United Kingdom
- Company register
- Companies House 10789354
- Incorporated
- 25 May 2017
Online
- Websites & references
- shpun.com ↗
business.shpun.com ↗ Shpun Business Platform customer login portal - Official social accounts
- None found
Sources · 12 pages consulted
- find-and-update.company-information.service.gov.uk/company/10789354
- find-and-update.company-information.service.gov.uk/company/10789354/officers
- find-and-update.company-information.service.gov.uk/company/10789354/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/10789354/filing-history
- find-and-update.company-information.service.gov.uk/company/10789354/filing-history/MzUxMzU2OTc5NWFkaXF6a2N4/document?format=pdf&download=0
- shpun.com/
- shpun.com/company/
- shpun.com/terms-and-conditions/
- shpun.com/solutions/virtual-accounts/
- shpun.com/contact/
- shpun.com/faqs/
- ico.org.uk/ESDWebPages/Entry/ZA572291
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Several models
- Licensed firm it operates under
- Algbra FS UK Limited, United Kingdom distributor of Algbra FS UK Limited, an FCA-authorised electronic money institution (FRN 952360) that provides the Virtual Account service
The FCA authorises the firm as a payment institution under the Payment Services Regulations 2017 (FRN 817249), and HMRC supervises it as a money service business. For virtual accounts it acts as distributor of Algbra FS UK Limited, which provides the account and related payment services.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Payment Institution | 817249 | In its own name | Active | shpun.com ↗ |
| HM Revenue & Customs United Kingdom | Money Service Business (Money Laundering Regulations supervision) | XBML00000182191 | In its own name | Active | — |
| Financial Conduct Authority United Kingdom | Small Payment Institution (cancelled 13 August 2019) | 788201 | 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.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsThe firm states that it holds customer funds in segregated accounts under the Payment Services Regulations 2017 and has a specialist insurance policy covering them if it becomes insolvent. Funds in virtual accounts are held and safeguarded by the distributed electronic money institution.
- Safeguarding bank · Partner
- Algbra FS UK Limited United Kingdom
- Safeguarding bank · Partner
- Modulr FS Limited United Kingdom
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 sells international B2B payments, foreign exchange, local-currency payments, cash management, card terminals and an e-commerce gateway through its Shpun Business Platform. Virtual accounts are provided by Algbra FS UK Limited.
It serves UK-based corporate and financial-institution customers under its FCA authorisation, and the firm says it has reached 31 countries in the APAC, EMEA and North America regions.
- Revenue
- GBP 16.2m
- Sells to
- Financial institutions · Enterprises · Small businesses
- Serves customers in
- United Kingdom
Leadership
Researched 29 Sep 2026 · Sources
- Executive
-
Wahid Safi
Executive Director
- Chief financial officer
-
Daniel Montgomery
Chief Finance Officer
- Executive
-
Mujtaba Jaffer
Chief Risk Officer
- Executive
-
Hemat Safi
Chief Operating Officer
- Executive
- Gulamabbas Hassanali (Abbas) Lakha KC Non-Executive Director
- Executive
- John David Tomlinson Non-Executive Director, Consumer Duty Board Champion
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The firm's annual report for the year to 31 May 2025 stated a plan to apply to the FCA for electronic money institution authorisation.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
The firm appointed John David Tomlinson and Gulamabbas Hassanali Lakha as directors on 4 September 2024.
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
- MFFTGB22XXX
- How the BIC breaks down
- MFFTBank
- GBCountry · United Kingdom
- 22Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 8945002DLTN2YWZZAQ11
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-PSD
- 817249
- Licence no. · HMRC-MLR
- XBML00000182191
- Licence no. · FCA-PSD
- 788201
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entries: Matched by Elucidate on the UK company number the register gives.
- Register-entry ID
- 2e30e6daca21
Profile
- Type
- Payments & e-money · Money service businessPayment 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
- 3 entries on 2 registers
- Activities
- Payment services
- Money remittance
- Currency exchange
- Licensed in
- United Kingdom
- Website (register)
- shpun.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
- THE COLMORE BUILDING OREGA BIRMINGHAM 20 COLMORE CIRCUS QUEENSWAY BIRMINGHAM B4 6AT UNITED KINGDOM
- Operational address
- THE COLMORE BUILDING OREGA BIRMINGHAM 20 COLMORE CIRCUS QUEENSWAY BIRMINGHAM BIRMINGHAM B4 6AT 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>MFFTGB22XXX</BICFI>
<LEI>8945002DLTN2YWZZAQ11</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>MFFTGB22XXX</BICFI>
<LEI>8945002DLTN2YWZZAQ11</LEI>
<Nm>M A FASTMOVE LIMITED</Nm>
<PstlAdr>
<TwnNm>BIRMINGHAM</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>THE COLMORE BUILDING OREGA BIRMINGHAM 20 COLMORE CIRCUS QUEENSWAY</AdrLine>
<AdrLine>BIRMINGHAM B4 6AT</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 - Payment Institutions & RAISPs—Financial Conduct Authority (FCA) · register ↗ as at 25 September 2026
- HMRC MLR Supervised Business Register—HM Revenue & Customs (HMRC) · register ↗ as at 24 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: shpun.com (official website) · original; Wahid Safi: shpun.com (official website) · original; Daniel Montgomery: shpun.com (official website) · original; Mujtaba Jaffer: shpun.com (official website) · original; Hemat Safi: shpun.com (official website) · original.
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