United Kingdom · Payments & e-money
Martrust Corporation Limited
MarTrust Corporation Limited is a private limited company in London. The FCA authorises it as an electronic money institution (FRN 1018989), which replaced its earlier authorisation as a payment institution. It is part of the Marcura group, which is headquartered in Dubai and describes MarTrust as its payments division. It provides crew payroll, supplier payments and e-money crew accounts to shipping companies and seafarers. Monavate Limited issues the MarTrust Debit Mastercard, and MarTrust acts as the programme manager.
Licences and registrations
Held by Martrust Corporation Limited (LEI 254900MZEZXX8GTRKT34). 2 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 - E-Money InstitutionsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised E-Money InstitutionE-Money / Stored Value Institution | 1018989 | United Kingdom | Active | 2025-08-27 | — |
|
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| FCA Financial Services Register - Payment Institutions & RAISPsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised Payment InstitutionPayment Institution | 794752 | United Kingdom | Cancelled - Authorised PI | — | Ended 2026-03-13 |
|
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- 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
- MRTRGB22XXX 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 MRTRGB22 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
- 2022-01-01
- Last updated
- 2024-02-03
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Group subsidiary
Firm type
FX and business payments
Trades as MarTrust
- Standing
- The FCA authorised the firm as an electronic money institution (FRN 1018989) on 27 August 2025. Its authorisation as a payment institution (FRN 794752) was cancelled on 13 March 2026.
- Ownership
- The firm belongs to the Marcura group, and Companies House lists Christian Siemers Haunsø (75% or more) and Nathalie Eline Pepping (over 25% up to 50%) as persons with significant control.
- Major shareholders
- Christian Siemers Haunsø (person with significant control, 75% or more of shares and voting rights)
Nathalie Eline Pepping (person with significant control, more than 25% but not more than 50% of shares) - Head office
- Office 7.09, 7th Floor, Tintagel House, 92 Albert Embankment, SE1 7TY London, United Kingdom
- Company register
- Companies House 07498933
- Incorporated
- 19 Jan 2011
Online
- Websites & references
- martrust.com ↗
account.martrust.com ↗ crew account sign-in portal
xafe.marcura.com ↗ corporate sign-in portal (Xafe payment platform) - Official social accounts
- LinkedIn ↗
Sources · 13 pages consulted
- martrust.com/
- martrust.com/about-us/
- martrust.com/team/
- 2014965.fs1.hubspotusercontent-na1.net/hubfs/2014965/MarTrust%20Compliance%20Files/MarTrust_Safeguarding_Statement_Sept_2026.pdf
- martrust.com/crew-account-terms-and-conditions
- martrust.com/corporate-account-terms-and-conditions
- find-and-update.company-information.service.gov.uk/company/07498933
- find-and-update.company-information.service.gov.uk/company/07498933/officers
- find-and-update.company-information.service.gov.uk/company/07498933/persons-with-significant-control
- marlinequity.com/news/marlin-portfolio-company-marcura-acquires-brightwell-navigator/
- marlinequity.com/news/marlin-signs-definitive-agreement-to-complete-growth-equity-investment-in-marcura/
- marcura.com/resources/blog/marcura-acquires-brightwell-navigator
- smartmaritimenetwork.com/2026/09/02/marcura-launches-procure-to-pay-platform/
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Several models
- Licensed firm it operates under
- Monavate Limited, United Kingdom MarTrust acts as programme manager for the MarTrust Debit Mastercard issued by Monavate
The FCA authorises the firm as an electronic money institution under the Electronic Money Regulations 2011. The firm issues crew account e-money under its own licence. Monavate Limited issues the linked debit card under its own FCA authorisation (FRN 901097).
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Electronic Money Institution | 1018989 | In its own name | Active | — |
| Financial Conduct Authority United Kingdom | Authorised Payment Institution | 794752 | 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 says it combines two methods. Customer funds are held in dedicated safeguarding accounts with authorised credit institutions, and an insurance policy or comparable guarantee also covers them. Safeguarded funds are not covered by the FSCS.
- Card issuer
- Monavate Limited United Kingdom
- Payment schemes and card networks
- Mastercard Through a partner martrust.com ↗
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
The firm serves the maritime industry. Shipping companies use it to pay crew salaries and suppliers, and it says payments can be made in over 130 currencies. Seafarers hold e-money crew accounts with a linked debit card.
The firm serves shipping companies and seafarers internationally from the UK. It publishes no list of countries served.
- Payment volume
- USD 17bnpayments processed per year (MarTrust brand, as stated on its website)
- Sells to
- Enterprises · Consumers
- Latest funding round
- Growth equity investment in The Marcura Group (group level) Mar 2022Led by Marlin Equity Partners
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Stuart Gregory
Chief Executive Officer; director
- Compliance / MLRO
-
Milan Maluk
Chief Compliance Officer; board member
- Executive
- Kishan Niranjan Chandarana Director
- Executive
- Rajat Tandon Director
Recent events
Researched 29 Sep 2026 · Sources
-
Other
Nathalie Eline Pepping was notified to Companies House as a person with significant control, holding more than 25% of shares.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
The firm appointed Kishan Chandarana and Rajat Tandon as directors, and Henrik Hyldahn resigned as a director.
find-and-update.company-information.service.gov.uk ↗ -
Licence
The FCA authorised the firm as an electronic money institution under firm reference number 1018989.
martrust.com ↗ -
Merger / acquisition
Marcura acquired Brightwell Navigator, a crew payroll business, and placed it within its MarTrust payments division.
marlinequity.com ↗ -
Leadership
Domenico Carlucci and Errikos Andreakos resigned as directors of the firm.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
Jens Lorens Poulsen, Felix Antero, Karsten Nelboe Gregory and Hans-Christian Mordhorst resigned as directors.
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
- MRTRGB22XXX
- How the BIC breaks down
- MRTRBank
- GBCountry · United Kingdom
- 22Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 254900MZEZXX8GTRKT34
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-EMI
- 1018989
- Licence no. · FCA-PSD
- 794752
- 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
- 9bb724fd0178
- Companies House no.
- 07498933 ↗
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
- 2 entries on 2 registers
- Activities
- Payment services
- E-money / stored value
- Licensed in
- United Kingdom
- Website (register)
- www.martrust.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.
Persons with significant control
Companies House · company 07498933 ↗ · as at 9 October 2026
Companies House lists 2 persons with significant control for Martrust Corporation Limited: 2 individuals.
| Name | Type | Nature of control | Notified |
|---|---|---|---|
| Christian Siemers Haunso | Individual | 25–50% of shares · 25–50% of votes | 6 April 2016 |
| Nathalie Eline Pepping | Individual | 25–50% of shares | 25 June 2026 |
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
- Registered address
- TINTAGEL HOUSE OFFICE 7.09 FLOOR 7 92 ALBERT EMBANKMENT LONDON SE1 7TY UNITED KINGDOM
- Operational address
- TINTAGEL HOUSE OFFICE 7.09 FLOOR 7 92 ALBERT EMBANKMENT LONDON LONDON SE1 7TY 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>MRTRGB22XXX</BICFI>
<LEI>254900MZEZXX8GTRKT34</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>MRTRGB22XXX</BICFI>
<LEI>254900MZEZXX8GTRKT34</LEI>
<Nm>MARTRUST CORPORATION LIMITED</Nm>
<PstlAdr>
<TwnNm>LONDON</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>TINTAGEL HOUSE OFFICE 7.09 FLOOR 7 92 ALBERT EMBANKMENT LONDON SE1 7TY</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
- FCA Financial Services Register - Payment Institutions & RAISPs—Financial Conduct Authority (FCA) · register ↗ 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.
- 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: martrust.com (official website) · original; Stuart Gregory: martrust.com (official website) · original; Milan Maluk: martrust.com (official website) · original.
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