--- title: "MiFinity UK Limited · Authorised E-Money Institution (FCA) · United Kingdom | Elucidate" description: "MiFinity UK Limited is authorised by FCA as an authorised e-money institution in the United Kingdom. Licence 900090. LEI 875500HW3592DAHZG745. Register status, licences, activities and ownership." url: https://elucidate.co/directory/mifinity-uk-limited-5f5ba5280010 --- 1. [Directory](https://elucidate.co/directory) 2. [United Kingdom](https://elucidate.co/directory/country/gb) 3. MiFinity UK Limited United Kingdom · Payments & e-money # MiFinity UK Limited Trading as MiFinity MiFinity UK Limited is a private limited company registered in Northern Ireland, with its office in Belfast. The Financial Conduct Authority (FCA) authorises it as an electronic money institution under the Electronic Money Regulations 2011, reference 900090. Paul Kavanagh and Kieron Nolan each hold between 25% and 50% of its shares. Under the MiFinity brand, it offers a multi-currency eWallet, money transfers, prepaid eVouchers and payout services to consumers and online merchants. A separate sister company, Mifinity Malta Limited, holds the group's licence from the Malta Financial Services Authority. The company was called NXSystems Ltd until May 2016. Register status Licensed in the United Kingdom Authorised E-Money Institution · FCA Prudential licence [2 licences and registrations ↓](https://elucidate.co/directory/mifinity-uk-limited-5f5ba5280010#licences) BIC **No BIC** LEI **[875500HW3592DAHZG745](https://search.gleif.org/#/record/875500HW3592DAHZG745)** [Licence no. **900090**](https://elucidate.co/directory/mifinity-uk-limited-5f5ba5280010#licences) ## Licences and registrations Held by MiFinity UK Limited (LEI 875500HW3592DAHZG745). 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 | Authorised E-Money InstitutionE-Money / Stored Value Institution | 900090 | [United Kingdom](https://elucidate.co/directory/country/gb) | Active | 2018-05-24 | — | - Payment services - E-money / stored value | [Search the register ↗](https://register.fca.org.uk/s/) | | [Money Services Business Registry](https://elucidate.co/directory/register/fintrac-msb) FINTRAC | MSB (foreign indicator not selected)Money Transmitter / Remittance | M17284226 | [Canada](https://elucidate.co/directory/country/ca) | Ceased | 2017-07-05 | Ended 2025-11-18 | - Money remittance | [Search the register ↗](https://fintrac-canafe.canada.ca/msb-esm/msb-eng) | Trading names on the register: MiFinity (FCA-EMI, FINTRAC-MSB) - 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/mifinity-uk-limited-5f5ba5280010#overview-sources) Customers 1,000,000 customers · Group · 20 Aug 2026 · [company statement ↗](https://play.google.com/store/apps/details?id=com.mifinity) Employees Not published Ownership Privately held Firm type E-money and accounts Trades as MiFinity - **Ownership:** Companies House lists Paul James Kavanagh and Kieron John Nolan as persons with significant control, each holding more than 25% but not more than 50% of the shares. - **Major shareholders:** Paul James Kavanagh Kieron John Nolan - **Head office:** Suite B 6th Floor, City Exchange, 11-13 Gloucester Street, BT1 4LS Belfast, United Kingdom - **Company register:** Companies House NI611169 - **Incorporated:** 14 Feb 2012 - **Former name:** NXSYSTEMS LTD ### Online - **Websites & references:** [mifinity.com ↗](https://mifinity.com/) [support.mifinity.com ↗](https://support.mifinity.com/) help centre [mifinity.readme.io ↗](https://mifinity.readme.io/) developer documentation - **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/mifinity/mycompany/) · [X ↗](https://twitter.com/mifipayments/) · [Facebook ↗](https://www.facebook.com/mifinitypayments) · [Instagram ↗](https://www.instagram.com/mifinity_payments/) · [YouTube ↗](https://www.youtube.com/channel/UCLTrKh9o3DF5NV_Yprcgowg) - **Apps:** [Google Play ↗](https://play.google.com/store/apps/details?id=com.mifinity) · [App Store ↗](https://apps.apple.com/app/id1440262293) Sources · 11 pages consulted 1. [find-and-update.company-information.service.gov.uk/company/NI611169](https://find-and-update.company-information.service.gov.uk/company/NI611169) 2. [find-and-update.company-information.service.gov.uk/company/NI611169/officers](https://find-and-update.company-information.service.gov.uk/company/NI611169/officers) 3. [find-and-update.company-information.service.gov.uk/company/NI611169/persons-with-significant-control](https://find-and-update.company-information.service.gov.uk/company/NI611169/persons-with-significant-control) 4. [mifinity.com](https://mifinity.com/) 5. [mifinity.com/legal/terms-and-conditions/](https://mifinity.com/legal/terms-and-conditions/) 6. [mifinity.com/about/](https://mifinity.com/about/) 7. [mifinity.com/mifinity-product-updates/mifinity-appoints-payments-industry-leader-ray-brash-as-group-ch](https://mifinity.com/mifinity-product-updates/mifinity-appoints-payments-industry-leader-ray-brash-as-group-chief-operating-officer/) 8. [fintechfutures.com/job-cuts-new-hires/ray-brash-mifinity-group-coo-appointment](https://www.fintechfutures.com/job-cuts-new-hires/ray-brash-mifinity-group-coo-appointment) 9. [bvnk.com/press/mifinity-to-launch-payanycoin-delivering-global-stablecoin-payouts-enabled-by-bvnk-](https://www.bvnk.com/press/mifinity-to-launch-payanycoin-delivering-global-stablecoin-payouts-enabled-by-bvnk-infrastructure) 10. [play.google.com/store/apps/details?id=com.mifinity](https://play.google.com/store/apps/details?id=com.mifinity) 11. [gamblingiq.co.uk/post/mifinity-named-top-3-global-igaming-payments-provider-as-it-expands-across-asian-mar](https://www.gamblingiq.co.uk/post/mifinity-named-top-3-global-igaming-payments-provider-as-it-expands-across-asian-markets) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/mifinity-uk-limited-5f5ba5280010#overview-sources) - **Operates under:** Its own licences The FCA authorises the firm as an electronic money institution under the Electronic Money Regulations 2011 (firm reference number 900090) to issue e-money and provide payment services. Its registration with FINTRAC in Canada as a money services business ceased on 18 November 2025. | Authority | Licence or registration | Number | Held | Status | Source | | --- | --- | --- | --- | --- | --- | | Financial Conduct Authority United Kingdom | Authorised E-Money Institution | 900090 | In its own name | Active | [register.fca.org.uk ↗](https://register.fca.org.uk/s/firm?id=001b000000m4IXKAA2) | | Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) Canada | Money Services Business registration (money transmitter) | M17284226 | 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/mifinity-uk-limited-5f5ba5280010#overview-sources) - **Safeguarding:** Segregated safeguarding accountsThe firm states that it safeguards customer funds under the Electronic Money Regulations 2011, backing the e-money it issues with funds held separately from its own. It also states that the funds are not covered by the Financial Services Compensation Scheme (FSCS). [mifinity.com ↗](https://mifinity.com/legal/terms-and-conditions/) - **Crypto-asset custody:** Not disclosedThe MiFinity brand offers crypto-to-fiat funding of the eWallet and, since July 2026, PayAnyCoin stablecoin payouts for merchants, built on infrastructure from BVNK. The firm does not say who holds any crypto-assets. [bvnk.com ↗](https://www.bvnk.com/press/mifinity-to-launch-payanycoin-delivering-global-stablecoin-payouts-enabled-by-bvnk-infrastructure) 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/mifinity-uk-limited-5f5ba5280010#overview-sources) - E-money wallet - Multi currency accounts - International money transfer - Payouts and mass payments - Payment gateway - FX conversion The MiFinity eWallet holds up to nine wallets in 18 currencies and can be funded through more than 80 payment methods or prepaid eVouchers. Merchants can accept it as a checkout option, and it offers PayAnyBank, PayAnyCard and PayAnyCoin payouts. The firm names online gaming, travel, forex and e-commerce as its sectors. The firm's terms and conditions for non-EEA residents are issued by MiFinity UK Limited, and the brand says it serves customers in more than 223 countries and territories. EEA customers are served under the separate Maltese licence of Mifinity Malta Limited. - **Sells to:** Consumers · Platforms and marketplaces · Enterprises - **Serves customers in:** United Kingdom ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/mifinity-uk-limited-5f5ba5280010#overview-sources) - **Chief executive:** Paul James Kavanagh Chief Executive Officer; Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/NI611169/officers) - **Executive:** Kieron John Nolan Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/NI611169/officers) - **Chief financial officer:** Jim Purcell Chief Financial Officer (group) Confirmed 6 Jul 2026 · [fintechfutures.com ↗](https://www.fintechfutures.com/job-cuts-new-hires/ray-brash-mifinity-group-coo-appointment) - **Executive:** Ray Brash Group Chief Operating Officer Confirmed 6 Jul 2026 · [mifinity.com ↗](https://mifinity.com/mifinity-product-updates/mifinity-appoints-payments-industry-leader-ray-brash-as-group-chief-operating-officer/) ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/mifinity-uk-limited-5f5ba5280010#overview-sources) 1. Jul 2026 Other MiFinity launched PayAnyCoin, a stablecoin payout service for merchants built on infrastructure from BVNK. [bvnk.com ↗](https://www.bvnk.com/press/mifinity-to-launch-payanycoin-delivering-global-stablecoin-payouts-enabled-by-bvnk-infrastructure) 2. Jul 2026 Leadership MiFinity appointed Ray Brash as Group Chief Operating Officer. His predecessor, Jim Purcell, moved to the role of Chief Financial Officer. [mifinity.com ↗](https://mifinity.com/mifinity-product-updates/mifinity-appoints-payments-industry-leader-ray-brash-as-group-chief-operating-officer/) 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:** 900090 - **Licence no. · FINTRAC-MSB:** M17284226 - **BIC:** Holds no BIC in Swift’s directory - **LEI:** [875500HW3592DAHZG745 ↗](https://search.gleif.org/#/record/875500HW3592DAHZG745) - **How the LEI was matched:** Matched by Elucidate on the UK company number the register gives - **Elucidate firm ID:** 5f5ba5280010 - **Merged register entry:** b72cd7be1002 · FINTRAC-MSB ## Profile - **Type:** Payments & e-money · Money service business - **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:** 2018-05-24 - **Website:** [www.mifinity.com ↗](https://www.mifinity.com/) 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 - **Address on the register:** City Exchange Buidling, Suite 6B, 11-13 Gloucester St, Belfast, BT1 4LS - **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 875500HW3592DAHZG745 MiFinity UK Limited BT1 4LS Belfast GB City Exchange Buidling, Suite 6B 11-13 Gloucester St ``` 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 - **Money Services Business Registry**—Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) · [source ↗](https://fintrac-canafe.canada.ca/msb-esm/msb-eng) as at 25 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. ## 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.