United Kingdom · Payments & e-money
Midpoint and Transfer LTD
Legal name in the LEI recordMIDPOINT & TRANSFER LTD
Midpoint & Transfer Ltd is a private limited company registered in England and Wales and based in London. The Financial Conduct Authority (FCA) authorises it as an authorised payment institution, and HM Revenue & Customs (HMRC) supervises it as a money service business. Ofag Limited owns the firm, and its accounts name One Finance AG of Zug, Switzerland, as the ultimate parent. Blockmate Ventures Inc sold the Midpoint business to management led by David Wong in 2023, and Ofag Ltd became the controlling shareholder in October 2024.
Licences and registrations
Held by Midpoint & Transfer LTD (LEI 529900I5N3FUZZGLG603). 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 | 610889 | United Kingdom | Active | 2018-04-30 | — |
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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 | XFML00000203760 | United Kingdom | Active | 2025-05-07 | — |
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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 | 567209 | United Kingdom | Cancelled - Small PI | — | Ended 2014-04-02 |
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Trading names on the register: Midpoint (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
- MITFGB21XXX head office
- Connection to Swift
- Passive participant (no connection)This BIC is registered for identification only. The institution has no direct connection to the Swift network. Messages and payments reach it through a correspondent bank. The “1” in the eighth character of MITFGB21 marks a passive participant.
- 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
- 2018-09-01
- Last updated
- 2019-09-26
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Group subsidiary
100% Ofag Ltd
Firm type
FX and business payments
Trades as Midpoint
- Standing
- Control of the firm changed in 2023 and 2024. Blockmate Ventures Inc sold the Midpoint business to its management in December 2023, and Ofag Ltd became its controlling shareholder on 23 October 2024. The firm's accounts for the year to 30 June 2025 state that it depends on financial support from its parent, One Finance AG, to meet its obligations.
- Ownership
- Ofag Limited (Companies House 15989634) owns 100% of the firm, and One Finance AG of Zug, Switzerland, wholly owns Ofag Limited.
- Direct parent
- Ofag Ltd, United Kingdom 100%
- Ultimate owner
- One Finance AG, Switzerland
- Head office
- 12 Tokenhouse Yard, EC2R 7AS London, United Kingdom
- Company register
- Companies House 06302237
- Incorporated
- 4 Jul 2007
Online
- Websites & references
- midpoint.com ↗
onefinance.midpoint.com ↗ client sign-up and payments platform on the firm's domain - Official social accounts
- None found
Sources · 13 pages consulted
- find-and-update.company-information.service.gov.uk/company/06302237
- find-and-update.company-information.service.gov.uk/company/06302237/officers
- find-and-update.company-information.service.gov.uk/company/06302237/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/06302237/filing-history
- find-and-update.company-information.service.gov.uk/company/06302237/filing-history/MzUzNzQzODQ2MWFkaXF6a2N4/document?format=pdf&download=0
- fca.org.uk/news/warnings/midpoint-ex-clone-fca-authorised-firm
- fca.org.uk/news/warnings/midpoint-exchange-clone-authorised-firm
- midpoint.com/
- onefinance.midpoint.com/
- globenewswire.com/news-release/2023/12/04/2790073/0/en/Blockmate-Ventures-Completes-Sale-of-Midpoint-Busine
- finance.yahoo.com/news/blockmate-ventures-divest-midpoint-business-141700196.html
- onefinance.solutions/pages/impressum
- fi.ee/en/payment-services/payment-institutions/payment-services/providers-cross-border-payment-
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FCA authorises the firm as an authorised payment institution (firm reference number 610889). HMRC supervises it for anti-money laundering purposes as a money service business for money remittance and currency exchange.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Payment Institution | 610889 | In its own name | Active | register.fca.org.uk ↗ |
| HM Revenue & Customs United Kingdom | Money Service Business (Money Transmitter / Remittance) | XFML00000203760 | In its own name | Active | — |
| Financial Conduct Authority United Kingdom | Small Payment Institution | 567209 | 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 client money is held in a segregated client account at a UK bank, which it describes only as "Tier one" and does not name.
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 describes itself as a payments and foreign exchange firm that helps UK clients move money across borders.
The firm serves clients in the United Kingdom under its FCA authorisation.
- Sells to
- Consumers · Small businesses
- Serves customers in
- United Kingdom
Leadership
Researched 29 Sep 2026 · Sources
- Executive
- Robert George Mennie Director
- Executive
- Roman Martin Plutschow Director
Recent events
Researched 29 Sep 2026 · Sources
-
Funding
The firm allotted new shares on 30 June and 16 July 2026, which raised its issued share capital to about GBP 2.13 million.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
Amanda Louise Harrison resigned as a director on 24 March 2026.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
Stephen John Quinn and Suresh Vaghjiani resigned as directors on 19 December 2025, a few weeks after their appointments.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
The firm appointed Robert George Mennie as a director on 14 November 2025. Jill Amanda Anne Davies resigned on 20 November 2025.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
David Wong, who led the 2023 management buyout, resigned as a director on 30 May 2025.
find-and-update.company-information.service.gov.uk ↗ -
Merger / acquisition
Ofag Ltd became the firm's controlling shareholder on 23 October 2024. Control passed from David Wong through Roman Martin Plutschow.
find-and-update.company-information.service.gov.uk ↗ -
Merger / acquisition
Blockmate Ventures Inc completed the sale of the Midpoint business to a management team led by David Wong and a group of investors.
globenewswire.com ↗
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.
Regulator warnings
Researched 29 Sep 2026 · Sources
-
Impersonation Financial Conduct Authority, United Kingdom
The FCA warned that an unauthorised firm called Midpoint-ex, using the website midpoint-ex.com, was impersonating the firm. The FCA stated that the genuine firm has no connection with the clone.
fca.org.uk ↗ -
Impersonation Financial Conduct Authority, United Kingdom
In 2019 the FCA warned that an unauthorised firm called Midpoint Exchange, using the website midpointexchange.com, was impersonating the firm.
fca.org.uk ↗
Entries on regulators’ consumer-warning lists that name the firm or its brand. An impersonation warning is about fraudsters posing as the firm, not about the firm itself.
Identifiers
Head-office record
- BIC
- MITFGB21XXX
- How the BIC breaks down
- MITFBank
- GBCountry · United Kingdom
- 21Location · passive
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 529900I5N3FUZZGLG603
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-PSD
- 610889
- Licence no. · HMRC-MLR
- XFML00000203760
- Licence no. · FCA-PSD
- 567209
- 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
- 782e7e6a4e30
- Companies House no.
- 06302237 ↗
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)
- www.midpointfinance.io ↗
- 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 06302237 ↗ · as at 9 October 2026
Companies House lists 1 person with significant control for Midpoint & Transfer Ltd: 1 company.
| Name | Type | Nature of control | Notified |
|---|---|---|---|
| Ofag Ltd ↗ | Company · UK | 75–100% of shares · 75–100% of votes | 23 October 2024 |
| One Finance Ag | Company · Switzerland · through Ofag Ltd | 75–100% of shares · 75–100% of votes | 1 October 2024 |
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
- 22-25 PORTMAN CLOSE MARYLEBONE FLOOR G LONDON W1H 6BS UNITED KINGDOM
- Operational address
- 22-25 PORTMAN CLOSE MARYLEBONE FLOOR G LONDON LONDON W1H 6BS 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+
- Debtor agent, creditor agent or an intermediary agent
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>MITFGB21XXX</BICFI>
<LEI>529900I5N3FUZZGLG603</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>MITFGB21XXX</BICFI>
<LEI>529900I5N3FUZZGLG603</LEI>
<Nm>MIDPOINT AND TRANSFER LTD</Nm>
<PstlAdr>
<TwnNm>LONDON</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>22-25 PORTMAN CLOSE MARYLEBONE FLOOR G LONDON W1H 6BS</AdrLine>
</PstlAdr>
</FinInstnId>This BIC is not connected to Swift. Messages reach the institution through a correspondent bank, so it cannot be the instructing or instructed agent.
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
- 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.
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