United Kingdom · Payments & e-money
Moorwand Ltd
Moorwand Ltd is a private limited company registered in England and Wales with its head office in London. The FCA authorises it as an electronic money institution under the Electronic Money Regulations 2011, reference 900709. According to Companies House, Wael Sulaiman Almaree holds 75% or more of its shares. It offers card issuing and BIN sponsorship through its Mastercard scheme membership, as well as GBP and EUR accounts and payments compliance services. Its clients are mainly fintechs, e-money and payment institutions and other businesses. The company was incorporated in 2013 as Moorbank Enterprise Limited. It became UPayCard Ltd in 2014 and took its current name in November 2016.
Licences and registrations
Held by Moorwand Ltd (LEI 213800ORIMBSMAYOE591). 2 entries on 1 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 InstitutionsFCA | Authorised E-Money InstitutionE-Money / Stored Value Institution | 900709 | United Kingdom | Active | 2018-04-13 | — |
|
Search the register ↗ |
| FCA Financial Services Register - E-Money InstitutionsFCA | Small E-Money InstitutionE-Money / Stored Value Institution | 900555 | United Kingdom | Cancelled - Small EMI | — | Ended 2017-03-20 |
|
Search the register ↗ |
- 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
Customers
Not published
Employees
Not published
Ownership
Privately held
Firm type
Banking as a service
Trades as Moorwand
- Standing
- The FCA has authorised Moorwand as an electronic money institution since 13 April 2018. The FCA cancelled its earlier small electronic money institution registration (reference 900555) on 20 March 2017.
- Ownership
- Companies House records Wael Sulaiman Almaree as the only active person with significant control, holding 75% or more of the shares since 3 May 2019.
- Major shareholder
- Wael Sulaiman Almaree
- Head office
- Fora, 3 Lloyd's Avenue, EC3N 3DS London, United Kingdom
- Company register
- Companies House 08491211
- Incorporated
- 16 Apr 2013
- Former names
- UPAYCARD LTD · MOORBANK ENTERPRISE LIMITED
Online
- Websites & references
- moorwand.com ↗
wallet.moorwand.com ↗ client account sign-up and login portal - Official social accounts
- LinkedIn ↗ · X ↗
Sources · 15 pages consulted
- register.fca.org.uk/s/firm?id=001b000003ZcrWQAAZ
- find-and-update.company-information.service.gov.uk/company/08491211
- find-and-update.company-information.service.gov.uk/company/08491211/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/08491211/officers
- moorwand.com
- moorwand.com/terms-and-conditions/
- moorwand.com/resources/faq/
- moorwand.com/solutions/digital-banking/
- moorwand.com/about-us/meet-the-team/
- moorwand.com/about-us/our-partners/
- judiciary.uk/live-hearings/moorwand-ltd-appellant-defendant-v-hamblin-and-others-respondents-claimants
- ashurstperkinscoie.com/en/insights/moorwand-the-novel-approach-to-quincecare-claims/
- 3vb.com/court-of-appeal-restores-first-instance-decision-in-app-fraud-appeal/
- cms.law/en/gbr/legal-updates/moorwand-ltd-v-hamblin-ors-court-of-appeal-finds-for-payment-institu
- fintech.global/2025/10/06/tap-partners-with-moorwand-to-power-fintech-super-app/
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FCA authorises Moorwand as an electronic money institution to issue e-money and provide payment services. It issues cards under a licence from Mastercard and sponsors client card programmes under its own authorisation.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Electronic Money Institution | 900709 | In its own name | Active | register.fca.org.uk ↗ |
| Financial Conduct Authority United Kingdom | Small E-Money Institution | 900555 | 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 it holds customers' e-money balances at a bank it does not name, in segregated safeguarding accounts kept separate from its own funds. It also states that these balances are not covered by the FSCS.
- Payment schemes and card networks
- Mastercard Direct moorwand.com ↗
Faster Payments Access not stated moorwand.com ↗
SEPA Instant Credit Transfer Access not stated moorwand.com ↗
SEPA Credit Transfer Access not stated moorwand.com ↗
Bacs (Direct Credit and Direct Debit) Access not stated moorwand.com ↗
CHAPS (inbound only) Access not stated moorwand.com ↗
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
It offers BIN sponsorship and card issuing, and Digital Banking accounts with GBP and EUR IBANs over Faster Payments, Bacs, Direct Debit and SEPA. It also sells payments compliance services to fintechs and e-money and payment institutions.
It operates from the UK under its FCA authorisation. It states that it issues GBP and EUR IBANs to clients in the UK and EEA countries, and its corporate cards require UK residence.
- Sells to
- Financial institutions · Platforms and marketplaces · Enterprises · Small businesses
- Serves customers in
- United Kingdom
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Luc Gueriane Chief Executive Officer
- Compliance / MLRO
- Aaron O'Brien Head of Compliance and MLRO
- Executive
- John Vlassiou Chief Operating Officer
- Executive
- Kevin Joe Friedrich Chief Commercial Officer
- Executive
- Brian Joseph Lawlor Director
- Executive
- Vicki Louise Gladstone Director
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The Court of Appeal allowed Moorwand's appeal in Moorwand Ltd v Hamblin and restored the trial judge's dismissal of an APP fraud derivative claim.
ashurstperkinscoie.com ↗ -
Other
Tap Global Group announced that it was integrating Moorwand's Banking-as-a-Service platform to offer GBP and EUR accounts to its users.
fintech.global ↗ -
Leadership
Moorwand appointed John Vlassiou, its Chief Operating Officer, to its board on 11 September 2025.
find-and-update.company-information.service.gov.uk ↗ -
Other
The High Court held that Moorwand had been put on inquiry and ordered it to restore GBP 160,000 to a fraud-linked customer account.
judiciary.uk ↗ -
Leadership
Gareth Mahoney resigned as a director of Moorwand on 17 September 2024.
find-and-update.company-information.service.gov.uk ↗
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
- 900709
- Licence no. · FCA-EMI
- 900555
- BIC
- Holds no BIC in Swift’s directory
- How the LEI was matched
- Matched by Elucidate on the UK company number the register gives
- Elucidate firm ID
- b3f72930884f
Profile
- Type
- Payments & e-moneyPayment 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.
- Main licence class
- E-Money / Stored Value Institution
- Activities
- Payment services
- E-money / stored value
- Licensed in
- United Kingdom · Europe & Central Asia
- First registered
- 2018-04-13
- Website
- www.moorwand.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
- 3 Lloyd's Avenue, London, EC3N 3DS
- 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 one address line
<FinInstnId>
<LEI>213800ORIMBSMAYOE591</LEI>
<Nm>Moorwand Ltd</Nm>
<PstlAdr>
<PstCd>EC3N 3DS</PstCd>
<TwnNm>London</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>3 Lloyd's Avenue</AdrLine>
</PstlAdr>
</FinInstnId>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.
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 →Register for this page
- FCA Financial Services Register - E-Money Institutions—Financial Conduct Authority (FCA) · source ↗ 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) is an independent score of the financial crime risk of banks and payment institutions.
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