---
title: "Martrust Corporation Limited SWIFT/BIC code MRTRGB22XXX · United Kingdom | Elucidate"
description: "Licensed in the United Kingdom: Authorised E-Money Institution (FCA). SWIFT/BIC code MRTRGB22XXX for Martrust Corporation Limited, United Kingdom."
url: https://elucidate.co/directory/martrust-corporation-limited-mrtrgb22
---
1. [Directory](https://elucidate.co/directory)
2. [United Kingdom](https://elucidate.co/directory/country/gb)
3. Martrust Corporation Limited
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.
Register status
Licensed in the United Kingdom
Authorised E-Money Institution · FCA
Prudential licence
[2 licences and registrations ↓](https://elucidate.co/directory/martrust-corporation-limited-mrtrgb22#licences)
BIC **MRTRGB22XXX** LEI **[254900MZEZXX8GTRKT34](https://search.gleif.org/#/record/254900MZEZXX8GTRKT34)** [Licence no. **1018989**](https://elucidate.co/directory/martrust-corporation-limited-mrtrgb22#licences) Reverse billing Head-office BIC only [Claim this profile](https://elucidate.co/directory/martrust-corporation-limited-mrtrgb22#claim)
## 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 Institutions](https://elucidate.co/directory/register/fca-emi) FCA Linked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised E-Money InstitutionE-Money / Stored Value Institution | 1018989 | [United Kingdom](https://elucidate.co/directory/country/gb) | Active | 2025-08-27 | — | - Payment services - E-money / stored value | [Search the register ↗](https://register.fca.org.uk/s/) |
| [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 | 794752 | [United Kingdom](https://elucidate.co/directory/country/gb) | Cancelled - Authorised PI | — | Ended 2026-03-13 | - Payment services | [Search the register ↗](https://register.fca.org.uk/s/) |
- 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 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](https://elucidate.co/directory/martrust-corporation-limited-mrtrgb22#overview-sources)
Customers
600
customers · Group · 28 Jul 2026 · [company statement ↗](https://www.martrust.com/)
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 ↗](https://www.martrust.com/) [account.martrust.com ↗](https://account.martrust.com/) crew account sign-in portal [xafe.marcura.com ↗](https://xafe.marcura.com/Login.aspx) corporate sign-in portal (Xafe payment platform)
- **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/martrust-corporation-ltd)
Sources · 13 pages consulted
1. [martrust.com/](https://www.martrust.com/)
2. [martrust.com/about-us/](https://www.martrust.com/about-us/)
3. [martrust.com/team/](https://www.martrust.com/team/)
4. [2014965.fs1.hubspotusercontent-na1.net/hubfs/2014965/MarTrust%20Compliance%20Files/MarTrust\_Safeguarding\_Statement\_Sept\_2026.pdf](https://2014965.fs1.hubspotusercontent-na1.net/hubfs/2014965/MarTrust%20Compliance%20Files/MarTrust_Safeguarding_Statement_Sept_2026.pdf)
5. [martrust.com/crew-account-terms-and-conditions](https://www.martrust.com/crew-account-terms-and-conditions)
6. [martrust.com/corporate-account-terms-and-conditions](https://www.martrust.com/corporate-account-terms-and-conditions)
7. [find-and-update.company-information.service.gov.uk/company/07498933](https://find-and-update.company-information.service.gov.uk/company/07498933)
8. [find-and-update.company-information.service.gov.uk/company/07498933/officers](https://find-and-update.company-information.service.gov.uk/company/07498933/officers)
9. [find-and-update.company-information.service.gov.uk/company/07498933/persons-with-significant-control](https://find-and-update.company-information.service.gov.uk/company/07498933/persons-with-significant-control)
10. [marlinequity.com/news/marlin-portfolio-company-marcura-acquires-brightwell-navigator/](https://www.marlinequity.com/news/marlin-portfolio-company-marcura-acquires-brightwell-navigator/)
11. [marlinequity.com/news/marlin-signs-definitive-agreement-to-complete-growth-equity-investment-in-marcura/](https://www.marlinequity.com/news/marlin-signs-definitive-agreement-to-complete-growth-equity-investment-in-marcura/)
12. [marcura.com/resources/blog/marcura-acquires-brightwell-navigator](https://marcura.com/resources/blog/marcura-acquires-brightwell-navigator)
13. [smartmaritimenetwork.com/2026/09/02/marcura-launches-procure-to-pay-platform/](https://smartmaritimenetwork.com/2026/09/02/marcura-launches-procure-to-pay-platform/)
## Authorisation
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/martrust-corporation-limited-mrtrgb22#overview-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](https://elucidate.co/directory/martrust-corporation-limited-mrtrgb22#overview-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. [2014965.fs1.hubspotusercontent-na1.net ↗](https://2014965.fs1.hubspotusercontent-na1.net/hubfs/2014965/MarTrust%20Compliance%20Files/MarTrust_Safeguarding_Statement_Sept_2026.pdf)
- **Card issuer:** Monavate Limited United Kingdom [2014965.fs1.hubspotusercontent-na1.net ↗](https://2014965.fs1.hubspotusercontent-na1.net/hubfs/2014965/MarTrust%20Compliance%20Files/MarTrust_Safeguarding_Statement_Sept_2026.pdf)
- **Payment schemes and card networks:** Mastercard Through a partner [martrust.com ↗](https://www.martrust.com/crew-account-terms-and-conditions)
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/martrust-corporation-limited-mrtrgb22#overview-sources)
- Payouts and mass payments
- International money transfer
- E-money wallet
- Debit cards
- FX conversion
- Multi currency accounts
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) Group · 28 Jul 2026 · [company statement ↗](https://www.martrust.com/)
- **Sells to:** Enterprises · Consumers
- **Latest funding round:** Growth equity investment in The Marcura Group (group level) Mar 2022 Led by Marlin Equity Partners [marlinequity.com ↗](https://www.marlinequity.com/news/marlin-signs-definitive-agreement-to-complete-growth-equity-investment-in-marcura/)
## Leadership
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/martrust-corporation-limited-mrtrgb22#overview-sources)
- **Chief executive:**  Stuart Gregory Chief Executive Officer; director Confirmed 29 Sep 2026 · [martrust.com ↗](https://www.martrust.com/team/)
- **Compliance / MLRO:**  Milan Maluk Chief Compliance Officer; board member Confirmed 29 Sep 2026 · [martrust.com ↗](https://www.martrust.com/team/)
- **Executive:** Kishan Niranjan Chandarana Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/07498933/officers)
- **Executive:** Rajat Tandon Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/07498933/officers)
## Recent events
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/martrust-corporation-limited-mrtrgb22#overview-sources)
1. Jun 2026
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 ↗](https://find-and-update.company-information.service.gov.uk/company/07498933/persons-with-significant-control)
2. Sep 2025
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 ↗](https://find-and-update.company-information.service.gov.uk/company/07498933/officers)
3. Aug 2025
Licence
The FCA authorised the firm as an electronic money institution under firm reference number 1018989.
[martrust.com ↗](https://www.martrust.com/)
4. Aug 2025
Merger / acquisition
Marcura acquired Brightwell Navigator, a crew payroll business, and placed it within its MarTrust payments division.
[marlinequity.com ↗](https://www.marlinequity.com/news/marlin-portfolio-company-marcura-acquires-brightwell-navigator/)
5. Feb 2025
Leadership
Domenico Carlucci and Errikos Andreakos resigned as directors of the firm.
[find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/07498933/officers)
6. Jun 2024
Leadership
Jens Lorens Poulsen, Felix Antero, Karsten Nelboe Gregory and Hans-Christian Mordhorst resigned as directors.
[find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/07498933/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:** MRTRGB22XXX
- **How the BIC breaks down:** 1. MRTR Bank 2. GB Country · United Kingdom 3. 22 Location · reverse billing 4. XXX Branch · head office
- **Branch description:** Not recorded in the directory
- **LEI:** 254900MZEZXX8GTRKT34
- **LEI record:** [View on GLEIF ↗](https://search.gleif.org/#/record/254900MZEZXX8GTRKT34)
- **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 ↗](https://find-and-update.company-information.service.gov.uk/company/07498933)
## Profile
- **Type:** Payments & e-money
- **Regulation:** Prudential licence
- **Register licences:** [2 entries on 2 registers](https://elucidate.co/directory/martrust-corporation-limited-mrtrgb22#licences)
- **Activities:** - Payment services - E-money / stored value
- **Licensed in:** [United Kingdom](https://elucidate.co/directory/country/gb)
- **Website (register):** [www.martrust.com ↗](https://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 ↗](https://find-and-update.company-information.service.gov.uk/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 ↗](https://find-and-update.company-information.service.gov.uk/company/07498933/persons-with-significant-control)
## 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
```xml
MRTRGB22XXX
254900MZEZXX8GTRKT34
```
### 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
MRTRGB22XXX
254900MZEZXX8GTRKT34
MARTRUST CORPORATION LIMITED
LONDON
GB
TINTAGEL HOUSE OFFICE 7.09 FLOOR 7 92 ALBERT EMBANKMENT LONDON SE1 7TY
```
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 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 Martrust Corporation 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 - E-Money Institutions**—Financial Conduct Authority (FCA) · [register ↗](https://register.fca.org.uk/s/) as at 25 September 2026
- **FCA Financial Services Register - Payment Institutions & RAISPs**—Financial Conduct Authority (FCA) · [register ↗](https://register.fca.org.uk/s/) as at 25 September 2026
- **Persons with significant control**—Companies House · [source ↗](https://download.companieshouse.gov.uk/en_pscdata.html) 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](https://www.martrust.com/) (official website) · [original](https://www.martrust.com/wp-content/uploads/2025/08/marcura-logo-symbol.svg); Stuart Gregory: [martrust.com](https://www.martrust.com/team/) (official website) · [original](https://www.martrust.com/wp-content/uploads/2025/08/Stuart-Gregory-2025.png); Milan Maluk: [martrust.com](https://www.martrust.com/team/) (official website) · [original](https://www.martrust.com/wp-content/uploads/2022/11/Milan-Maluk-768x768.png).
## Assess the financial crime risk behind a BIC
A BIC identifies an institution; 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, built for correspondent banking and counterparty due diligence.
[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.