--- title: "Mercury Foreign Exchange Limited · Authorised E-Money Institution (FCA) · United Kingdom | Elucidate" description: "Mercury Foreign Exchange Limited is authorised by FCA as an authorised e-money institution in the United Kingdom. Licence 900858. LEI 254900TD2L1VUMO0MW11. Register status, licences, activities and ownership." url: https://elucidate.co/directory/mercury-foreign-exchange-limited-e99b47f09833 --- 1. [Directory](https://elucidate.co/directory) 2. [United Kingdom](https://elucidate.co/directory/country/gb) 3. Mercury Foreign Exchange Limited United Kingdom · Payments & e-money # Mercury Foreign Exchange Limited Trading as Mercury FX Mercury Foreign Exchange Limited is a private limited company registered in England and Wales and based in London. The FCA authorises it as an electronic money institution (FRN 900858). CoinCorner Ltd of the Isle of Man holds about 40% of its ordinary shares, and director Alastair Constance holds about 36%. It offers multi-currency e-money accounts, currency exchange, forward hedging and international payments to individuals and businesses. It also provides e-money accounts through partner platforms such as CoinCorner, which acts as its distributor. Register status Licensed in the United Kingdom Authorised E-Money Institution · FCA Prudential licence [3 licences and registrations ↓](https://elucidate.co/directory/mercury-foreign-exchange-limited-e99b47f09833#licences) BIC **No BIC** LEI **[254900TD2L1VUMO0MW11](https://search.gleif.org/#/record/254900TD2L1VUMO0MW11)** [Licence no. **900858**](https://elucidate.co/directory/mercury-foreign-exchange-limited-e99b47f09833#licences) ## Licences and registrations Held by Mercury Foreign Exchange Limited (LEI 254900TD2L1VUMO0MW11). 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 - E-Money Institutions](https://elucidate.co/directory/register/fca-emi) FCA | Authorised E-Money InstitutionE-Money / Stored Value Institution | 900858 | [United Kingdom](https://elucidate.co/directory/country/gb) | Active | 2018-07-13 | — | - 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 | Small Payment InstitutionPayment Institution | 509783 | [United Kingdom](https://elucidate.co/directory/country/gb) | Cancelled - Small PI | — | Ended 2011-10-06 | - Payment services | [Search the register ↗](https://register.fca.org.uk/s/) | | [FCA Financial Services Register - Payment Institutions & RAISPs](https://elucidate.co/directory/register/fca-psd) FCA | Payment InstitutionPayment Institution | 531127 | [United Kingdom](https://elucidate.co/directory/country/gb) | PSD Revoked PI | — | Ended 2018-07-12 | - Payment services | [Search the register ↗](https://register.fca.org.uk/s/) | Trading names on the register: Mercury FX (FCA-EMI, FCA-PSD) - 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. ## Swift network Swift’s ISO 9362 BIC directory Holds no BIC in Swift’s directory. Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file. ## Overview Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/mercury-foreign-exchange-limited-e99b47f09833#overview-sources) Customers Not published Employees 6 headcount · This entity · 31 Dec 2024 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/06445887/filing-history/MzQ4MTU5Njc0M2FkaXF6a2N4/document?format=pdf&download=0) Ownership Privately held Firm type FX and business payments Trades as Mercury - **Ownership:** CoinCorner Ltd holds about 40% of the ordinary shares and Alastair Constance about 36%, according to the confirmation statement dated 17 June 2026. - **Major shareholders:** CoinCorner Ltd 40.5% · 17 Jun 2026 Alastair Constance 36.4% · 17 Jun 2026 - **Head office:** 5 Approach Road, Raynes Park, SW20 8BA London, United Kingdom - **Company register:** Companies House 06445887 - **Incorporated:** 5 Dec 2007 ### Online - **Websites & references:** [mercury.global ↗](https://www.mercury.global/) [mercury-fx.com ↗](https://www.mercury-fx.com/) former domain; pages point to mercury.global - **Official social accounts:** None found Sources · 11 pages consulted 1. [mercury.global/](https://www.mercury.global/) 2. [find-and-update.company-information.service.gov.uk/company/06445887](https://find-and-update.company-information.service.gov.uk/company/06445887) 3. [find-and-update.company-information.service.gov.uk/company/06445887/officers](https://find-and-update.company-information.service.gov.uk/company/06445887/officers) 4. [find-and-update.company-information.service.gov.uk/company/06445887/persons-with-significant-control](https://find-and-update.company-information.service.gov.uk/company/06445887/persons-with-significant-control) 5. [find-and-update.company-information.service.gov.uk/company/06445887/filing-history](https://find-and-update.company-information.service.gov.uk/company/06445887/filing-history) 6. [find-and-update.company-information.service.gov.uk/company/06445887/filing-history/MzQ4MTU5Njc0M2FkaXF6a2N4/document?format=pdf&download=0](https://find-and-update.company-information.service.gov.uk/company/06445887/filing-history/MzQ4MTU5Njc0M2FkaXF6a2N4/document?format=pdf&download=0) 7. [find-and-update.company-information.service.gov.uk/company/06445887/filing-history/MzU0MjQwNjMxN2FkaXF6a2N4/document?format=pdf&download=0](https://find-and-update.company-information.service.gov.uk/company/06445887/filing-history/MzU0MjQwNjMxN2FkaXF6a2N4/document?format=pdf&download=0) 8. [mercury-fx.com/regulation](https://mercury-fx.com/regulation) 9. [mercury-fx.com/about-us/who-we-are](https://www.mercury-fx.com/about-us/who-we-are) 10. [coincorner.com/terms](https://www.coincorner.com/terms) 11. [mercury.global/insights](https://www.mercury.global/insights) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/mercury-foreign-exchange-limited-e99b47f09833#overview-sources) - **Operates under:** Its own licences The FCA authorises the firm as an electronic money institution under the Electronic Money Regulations 2011 (FRN 900858), for issuing e-money and providing payment services. CoinCorner Ltd distributes its e-money under regulation 33 of those Regulations. Its earlier FCA payment institution registrations (509783 and 531127) ended in 2011 and 2018. | Authority | Licence or registration | Number | Held | Status | Source | | --- | --- | --- | --- | --- | --- | | Financial Conduct Authority United Kingdom | Authorised Electronic Money Institution | 900858 | In its own name | Active | [register.fca.org.uk ↗](https://register.fca.org.uk/s/firm?id=0010X000047Q55PQAS) | | Financial Conduct Authority United Kingdom | Payment Institution | 531127 | In its own name | Withdrawn or expired | — | | Financial Conduct Authority United Kingdom | Small Payment Institution | 509783 | 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/mercury-foreign-exchange-limited-e99b47f09833#overview-sources) - **Safeguarding:** Segregated safeguarding accountsIts distributor CoinCorner states that customer funds are held in one or more segregated accounts and safeguarded under the Electronic Money Regulations 2011. The safeguarding banks are not named. [coincorner.com ↗](https://www.coincorner.com/terms) - **Payment schemes and card networks:** Faster Payments Through a partner [mercury-fx.com ↗](https://www.mercury-fx.com/about-us/who-we-are) SEPA Instant Credit Transfer Through a partner [mercury-fx.com ↗](https://www.mercury-fx.com/about-us/who-we-are) Swift Through a partner [mercury-fx.com ↗](https://www.mercury-fx.com/about-us/who-we-are) 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/mercury-foreign-exchange-limited-e99b47f09833#overview-sources) - Multi currency accounts - International money transfer - FX conversion - FX hedging - E-money wallet - Domestic payments - Banking as a service - Debit cards It offers personal and business e-accounts in over 40 currencies, with IBANs in GBP, EUR, USD, CAD, CHF, NOK, SEK and DKK, forward hedging of up to one year and payments to 160 countries. It serves customers from the UK under its FCA authorisation, and a sister company, Mercury International (Pty) Ltd, operates in South Africa under its own FSCA licence. - **Revenue:** GBP 550,770This entity · 31 Dec 2024 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/06445887/filing-history/MzQ4MTU5Njc0M2FkaXF6a2N4/document?format=pdf&download=0) - **Sells to:** Small businesses · Consumers · Platforms and marketplaces · Enterprises - **Serves customers in:** United Kingdom - **Latest funding round:** Strategic investment Dec 2024 Led by CoinCorner Ltd [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/06445887/filing-history/MzQ4MTU5Njc0M2FkaXF6a2N4/document?format=pdf&download=0) ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/mercury-foreign-exchange-limited-e99b47f09833#overview-sources) - **Executive:** Alastair Constance Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/06445887/officers) - **Executive:** Matthew Robert Collins Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/06445887/officers) ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/mercury-foreign-exchange-limited-e99b47f09833#overview-sources) 1. Jul 2025 Merger / acquisition The firm acquired 100% of Mercury Tech Labs Limited, the developer of its payments software, which had been under common ownership. [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/06445887/filing-history/MzQ4MTU5Njc0M2FkaXF6a2N4/document?format=pdf&download=0) 2. Dec 2024 Funding The FCA approved an investment by CoinCorner in the firm on 5 December 2024, according to the firm's 2024 accounts. [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/06445887/filing-history/MzQ4MTU5Njc0M2FkaXF6a2N4/document?format=pdf&download=0) 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 - **Licence no. · FCA-EMI:** 900858 - **Licence no. · FCA-PSD:** 509783 - **Licence no. · FCA-PSD:** 531127 - **BIC:** Holds no BIC in Swift’s directory - **LEI:** [254900TD2L1VUMO0MW11 ↗](https://search.gleif.org/#/record/254900TD2L1VUMO0MW11) - **How the LEI was matched:** Matched by Elucidate on the UK company number the register gives - **Companies House no.:** [06445887 ↗](https://find-and-update.company-information.service.gov.uk/company/06445887) - **Elucidate firm ID:** e99b47f09833 ## Profile - **Type:** Payments & e-money - **Regulation:** Prudential licence - **Main licence class:** E-Money / Stored Value Institution - **Activities:** - Payment services - E-money / stored value - **Licensed in:** [United Kingdom](https://elucidate.co/directory/country/gb) · Europe & Central Asia - **First registered:** 2018-07-13 - **Website:** [mercury.global ↗](https://mercury.global/) 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 [06445887 ↗](https://find-and-update.company-information.service.gov.uk/company/06445887) · as at 9 October 2026 Companies House lists 1 person with significant control for Mercury Foreign Exchange Limited: 1 individual. | Name | Type | Nature of control | Notified | | --- | --- | --- | --- | | Alastair Constance | Individual | 25–50% of shares · 25–50% of votes | 6 April 2016 | 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/06445887/persons-with-significant-control) ## Addresses - **Address on the register:** Collingham House, 10 - 12 GLADSTONE RD, London, SW19 1QT - **Country:** United Kingdom ## ISO 20022 identification As an agent in a Swift cross-border payment message (CBPR+) This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code. - **Identified by:** Name and postal address, with its LEI - **Postal address:** Hybrid: town, postcode and country in their own elements, the rest in two address lines ```xml 254900TD2L1VUMO0MW11 Mercury Foreign Exchange Limited SW19 1QT London GB Collingham House 10 - 12 GLADSTONE RD ``` CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent. The values are as published by the register. 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) [Other entries on FCA-EMI →](https://elucidate.co/directory/register/fca-emi) Sources & method Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI. An institution missing from these registers is not necessarily unregulated. Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists. 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) Registers for this page - **FCA Financial Services Register - E-Money Institutions**—Financial Conduct Authority (FCA) · [source ↗](https://register.fca.org.uk/s/) as at 25 September 2026 - **FCA Financial Services Register - Payment Institutions & RAISPs**—Financial Conduct Authority (FCA) · [source ↗](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. ## Assess the financial crime risk behind a licence A licence records what an institution is authorised to do; 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 and payment institutions. [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.