United Kingdom · Payments & e-money
Mir Limited UK LTD
MIR Limited UK Ltd is a private limited company incorporated in England in 2016, with its office in London. The FCA authorises it as an electronic money institution (FRN 900704). FINTRAC registers it in Canada as a foreign money services business. It belongs to the group of Rtekk Holdings Limited of the Isle of Man. It runs the MuchBetter e-wallet app for consumers and MuchBetter Business accounts for businesses. The firm states that Paynovate SA issues its prepaid Mastercard cards and wearables. In June 2025 the firm announced that Mastercard had granted it a Principal Licence for card issuing in the UK and Israel.
Licences and registrations
Held by Mir Limited UK LTD (LEI 2138004THIY3MSFVP862). 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 | 900704 | United Kingdom | Active | 2018-03-06 | — |
|
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| Money Services Business RegistryFINTRACLinked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Foreign MSB (FMSB)Money Transmitter / Remittance | C100000110 | Canada | Active | 2024-10-01 | Renews 2026-10-31 |
|
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Licences and registrations listed here were granted in Canada. This BIC is registered in the United Kingdom.
Trading names on the register: MuchBetter (FCA-EMI, FINTRAC-MSB)
- 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
- MBBLGB2LXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under MBBLGB2L directly.
- 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
- Other BIC with this LEI
- MRRMGB21
- BIC first registered
- 2024-06-15
- Last updated
- 2025-01-18
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Group subsidiary
RTEKK HOLDINGS LIMITED
Firm type
E-money and accounts
Trades as MuchBetter
- Ownership
- Rtekk Holdings Limited, incorporated in the Isle of Man under company number 018684V, is the direct parent of the firm according to its LEI record and its customer terms.
- Direct parent
- RTEKK HOLDINGS LIMITED ↗, Isle of Man
- Head office
- Signature by Regus Berkeley Square, Berkeley Square House, 2nd Floor, W1J 6BD London, United Kingdom
- Company register
- Companies House 10417552
- Incorporated
- 10 Oct 2016
- Founder
- Israel Rosenthal
Online
- Websites & references
- muchbetter.com ↗
- Official social accounts
- None found
Sources · 14 pages consulted
- find-and-update.company-information.service.gov.uk/company/10417552
- find-and-update.company-information.service.gov.uk/company/10417552/officers
- find-and-update.company-information.service.gov.uk/company/10417552/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/10417552/filing-history
- find-and-update.company-information.service.gov.uk/company/10417552/filing-history/MzQ5NTM1NTYwNWFkaXF6a2N4/document?format=xhtml&download=1
- register.fca.org.uk/s/firm?id=001b000003YDzOWAA1
- muchbetter.com/
- muchbetter.com/en/about-us
- muchbetter.com/en/legal/muchbetter-terms-and-conditions
- muchbetter.com/en/legal/privacy-policy
- muchbetter.com/en/legal/cards-and-wearables-terms
- financial-news.co.uk/muchbetter-secures-mastercard-licence/
- businesswire.com/news/home/20260224600655/en/Thredd-Powers-MuchBetters-Expansion-into-Israel-Supporting-Gl
- thefintechtimes.com/muchbetter-brings-card-and-wearable-tech-to-canada/
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Several models
- Licensed firm it operates under
- Paynovate SA, Belgium Issues MuchBetter cards and wearables under licence from Mastercard
The FCA authorises the firm as an electronic money institution, and its own licence covers the MuchBetter e-wallet. The firm states that Paynovate SA, which the National Bank of Belgium regulates, issues its card and wearable programmes.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Electronic Money Institution | 900704 | In its own name | Active | register.fca.org.uk ↗ |
| Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) Canada | Foreign money services business registration | C100000110 | In its own name | Active | — |
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 it safeguards customer funds under the Electronic Money Regulations and the Payment Services Regulations 2017. It pools the funds in a segregated account held in its own name, and the FSCS does not cover them.
- Card issuer
- Paynovate SA Belgium
- Safeguarding bank
- NatWest United Kingdom
- Card issuer
- Peoples Group Canada
- Payment schemes and card networks
- Mastercard Direct financial-news.co.uk ↗
Swift Direct financial-news.co.uk ↗
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 MuchBetter app lets consumers store, send and spend e-money, including payments to online merchants such as gaming operators, with prepaid Mastercard cards, wearables and vouchers. MuchBetter Business provides multi-currency business accounts.
The firm serves UK customers under its FCA licence. It also offers cards to customers in the EEA, Canada and Israel through partner issuers or under its Mastercard licence.
- Revenue
- GBP 7.99m
- Sells to
- Consumers · Small businesses · Platforms and marketplaces · Enterprises
- Serves customers in 3 countries
- United Kingdom · Canada · Israel
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Israel Rosenthal Founder and CEO; Director
- Executive
- Kerry Bowers Director
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The firm launched its prepaid card and wallet programme in Israel under its UK licence, which Mastercard approved for cross-border use there.
businesswire.com ↗ -
Leadership
The firm appointed Kerry Bowers as a director on 1 August 2025, after Christian Mark Sperring resigned on 31 July 2025.
find-and-update.company-information.service.gov.uk ↗ -
Licence
Mastercard granted the firm a Principal Licence for card issuing in the UK, and the licence was extended to Israel.
financial-news.co.uk ↗ -
Other
The firm announced a restructure to reduce costs, which included a reduction of its workforce.
find-and-update.company-information.service.gov.uk ↗ -
Other
The firm launched MuchBetter Business, a multi-currency business account built on Temenos, with safeguarding at NatWest.
financial-news.co.uk ↗ -
Other
KPMG Audit LLC resigned as the firm's auditor on 12 May 2025, and the directors appointed MHA Audit Services LLP.
find-and-update.company-information.service.gov.uk ↗ -
Other
The firm began offering cards and wearables in Canada through a partnership with Peoples Group.
thefintechtimes.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.
Identifiers
Head-office record
- BIC
- MBBLGB2LXXX
- How the BIC breaks down
- MBBLBank
- GBCountry · United Kingdom
- 2LLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 2138004THIY3MSFVP862
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-EMI
- 900704
- Licence no. · FINTRAC-MSB
- C100000110
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entry: Matched by Elucidate on the UK company number the register gives.Register entry: Matched by Elucidate to GLEIF on name, country and address.
- Register-entry IDs
- 05e20ac81072 · 42e04e15c30f
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
- 2 entries on 2 registers
- Activities
- Payment services
- E-money / stored value
- Money remittance
- Currency exchange
- Licensed in
- United Kingdom · Canada
- Website (register)
- www.muchbetter.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
- Direct parent
- Rtekk Holdings Limited · Isle of Man21380088UY4WYUUED373 ↗
Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- SIGNATURE BY REGUS FLOOR 2 BERKELEY SQUARE HOUSE BERKELEY SQUARE LONDON W1J 6BD UNITED KINGDOM
- Operational address
- SIGNATURE BY REGUS FLOOR 2 BERKELEY SQUARE HOUSE BERKELEY SQUARE LONDON LONDON W1J 6BD 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>MBBLGB2LXXX</BICFI>
<LEI>2138004THIY3MSFVP862</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>MBBLGB2LXXX</BICFI>
<LEI>2138004THIY3MSFVP862</LEI>
<Nm>MIR LIMITED UK LTD</Nm>
<PstlAdr>
<TwnNm>LONDON</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>SIGNATURE BY REGUS FLOOR 2 BERKELEY SQUARE HOUSE BERKELEY SQUARE</AdrLine>
<AdrLine>LONDON W1J 6BD</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
- Money Services Business Registry—Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) · register ↗ as at 25 September 2026
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- 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: muchbetter.com (official website) · original.
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