--- title: "NorthCrypto Oy · Payment institution (Finnish Financial Supervisory Authority) · Finland | Elucidate" description: "NorthCrypto Oy is authorised by Finnish Financial Supervisory Authority as a payment institution in Finland. Licence 29182549. LEI 743700CHRVVP342JOA67. Register status, licences, activities and ownership." url: https://elucidate.co/directory/northcrypto-oy-d1e52b3d083e --- 1. [Directory](https://elucidate.co/directory) 2. [Finland](https://elucidate.co/directory/country/fi) 3. NorthCrypto Oy Finland · Payments & e-money # NorthCrypto Oy Trading as NorthCrypto NorthCrypto Oy is a Finnish limited liability company based in Turku. The Finnish Financial Supervisory Authority (FIN-FSA) authorises it as a crypto-asset service provider under the EU Markets in Crypto-Assets Regulation (MiCA). Since June 2026 FIN-FSA has also authorised it as a payment institution for payment services relating to electronic money tokens. GreenMerc AB (publ), listed on NGM Nordic SME, has wholly owned the firm since an acquisition agreed in November 2024. It sells, holds, transfers and stakes crypto-assets for retail and business customers under the Northcrypto brand, and in Sweden under the group's Trijo brand. Register status Licensed in Finland Payment institution · Finnish Financial Supervisory Authority Prudential licence [2 licences and registrations ↓](https://elucidate.co/directory/northcrypto-oy-d1e52b3d083e#licences) BIC **No BIC** LEI **[743700CHRVVP342JOA67](https://search.gleif.org/#/record/743700CHRVVP342JOA67)** [Licence no. **29182549**](https://elucidate.co/directory/northcrypto-oy-d1e52b3d083e#licences) ## Licences and registrations Held by NorthCrypto Oy (LEI 743700CHRVVP342JOA67). 2 entries on 2 of the 22 tracked registers, retrieved 25 September 2026. | Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [EBA PSD2 Register](https://elucidate.co/directory/register/eba-psd2) Finnish Financial Supervisory Authority | Payment institutionPayment Institution | 29182549 | [Finland](https://elucidate.co/directory/country/fi) | Active | 2026-06-09 | — | - Payment services - Card acquiring | [Search the register ↗](https://euclid.eba.europa.eu/register/pir/search) | | [ESMA interim MiCA register of crypto-asset service providers](https://elucidate.co/directory/register/esma-casp) Finanssivalvonta (FIN-FSA) | Crypto-asset service providerCrypto-Asset Service Provider | 743700CHRVVP342JOA67 | [Finland](https://elucidate.co/directory/country/fi) | Active | 2025-11-25 | — | - Crypto-assets | [Search the register ↗](https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica) | Trading names on the register: NorthCrypto (EBA-PSD2, ESMA-CASP) - 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/northcrypto-oy-d1e52b3d083e#overview-sources) Customers 25,000 customers · This entity · 29 Sep 2026 · [company statement ↗](https://www.northcrypto.com/learn/about/us) Employees Not published Ownership Group subsidiary 100% GreenMerc AB (publ) Firm type Crypto exchange or broker Trades as Northcrypto - **Ownership:** GreenMerc AB (publ), a Swedish company listed on NGM Nordic SME, owns 100% of the firm. - **Direct parent:** [GreenMerc AB (publ) ↗](https://search.gleif.org/#/record/636700QAWC6SZD422R49), Sweden 100% - **Head office:** Kristiinankatu 1 B 25, 20100 Turku, Finland - **Company register:** Finnish Trade Register business ID 2918254-9 - **Incorporated:** 2018 - **Founder:** Ville Runola ### Online - **Websites & references:** [northcrypto.com ↗](https://www.northcrypto.com/) [private.northcrypto.com ↗](https://private.northcrypto.com/) Northcrypto Private service for customers with at least EUR 100,000 of investment wealth [app.northcrypto.com ↗](https://app.northcrypto.com/) customer web application (sign-in and sign-up) - **Official social accounts:** [X ↗](https://twitter.com/northcryptocom) · [Facebook ↗](https://www.facebook.com/northcryptocom) · [Instagram ↗](https://www.instagram.com/northcryptocom) · [TikTok ↗](https://www.tiktok.com/@northcryptocom) - **Apps:** [Google Play ↗](https://play.google.com/store/apps/details?id=com.northcrypto.northcrypto) · [App Store ↗](https://itunes.apple.com/fi/app/northcrypto/id1461458185?mt=8) · [appgallery.cloud.huawei.com ↗](https://appgallery.cloud.huawei.com/ag/n/app/C105523239?channelId=northcrypto_front_page&id=157e8585833e4c11bc222db) Sources · 16 pages consulted 1. [northcrypto.com/](https://www.northcrypto.com/) 2. [northcrypto.com/terms-of-service](https://www.northcrypto.com/terms-of-service) 3. [northcrypto.com/custody-policy](https://www.northcrypto.com/custody-policy) 4. [northcrypto.com/regulatory-information](https://www.northcrypto.com/regulatory-information) 5. [northcrypto.com/learn/about/us](https://www.northcrypto.com/learn/about/us) 6. [northcrypto.com/terms-of-service-greenmerc-finance](https://www.northcrypto.com/terms-of-service-greenmerc-finance) 7. [fi.se/en/our-registers/investor-alerts/investor-alerts/2026/mars/northcrypto-oy-clone--forsta-n](https://fi.se/en/our-registers/investor-alerts/investor-alerts/2026/mars/northcrypto-oy-clone--forsta-norr/) 8. [news.cision.com/greenmerc-ab--publ-/r/greenmerc-s-subsidiary-northcrypto-is-approved-for-additional-servi](https://news.cision.com/greenmerc-ab--publ-/r/greenmerc-s-subsidiary-northcrypto-is-approved-for-additional-services-under-mica,c4353208) 9. [inderes.fi/en/releases/greenmerc-ab-publ-stockholm-9-june-2026-or-greenmerc-subsidiary-northcrypto-g](https://www.inderes.fi/en/releases/greenmerc-ab-publ-stockholm-9-june-2026-or-greenmerc-subsidiary-northcrypto-granted-payment-institution-authorization) 10. [inderes.dk/en/releases/greenmerc-ab-publ-greenmercs-subsidiary-is-granted-authorisation-under-mica](https://www.inderes.dk/en/releases/greenmerc-ab-publ-greenmercs-subsidiary-is-granted-authorisation-under-mica) 11. [news.cision.com/se/greenmerc-ab--publ-/r/greenmerc-ab--publ--forvarvar-100-procent-av-aktierna-i-northcry](https://news.cision.com/se/greenmerc-ab--publ-/r/greenmerc-ab--publ--forvarvar-100-procent-av-aktierna-i-northcrypto-oy-och-blir-marknadsledande-inom,c4066791) 12. [news.cision.com/se/greenmerc-ab--publ-/r/apportemission-i-samband-med-forvarvet-av-northcrypto-oy-ar-nu-r](https://news.cision.com/se/greenmerc-ab--publ-/r/apportemission-i-samband-med-forvarvet-av-northcrypto-oy-ar-nu-registrerad-hos-bolagsverket,c4080437) 13. [news.cision.com/se/greenmerc-ab--publ-/r/greenmerc-migrerar-northcrypto-till-sin-tekniska-plattform---ger](https://news.cision.com/se/greenmerc-ab--publ-/r/greenmerc-migrerar-northcrypto-till-sin-tekniska-plattform---ger-finska-kunder-breddat-utbud,c4108707) 14. [northcrypto.com/announcement/northcrypto-expands-its-ownership-base-and-strengthens-its-board](https://www.northcrypto.com/announcement/northcrypto-expands-its-ownership-base-and-strengthens-its-board) 15. [sttinfo.fi/tiedote/jaakiekkoura-vaihtui-kryptovaluuttabisnekseen?publisherId=69817320&releaseId=6985](https://www.sttinfo.fi/tiedote/jaakiekkoura-vaihtui-kryptovaluuttabisnekseen?publisherId=69817320&releaseId=69853650) 16. [news.cision.com/se/greenmerc-ab--publ-/r/greenmerc-ab--vd-skifte---ari-liukko-tilltrader-som-ny-verkstall](https://news.cision.com/se/greenmerc-ab--publ-/r/greenmerc-ab--vd-skifte---ari-liukko-tilltrader-som-ny-verkstallande-direktor,c4303605) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/northcrypto-oy-d1e52b3d083e#overview-sources) - **Operates under:** Its own licences FIN-FSA authorises the firm as a crypto-asset service provider under MiCA and, since June 2026, as a payment institution for payment services relating to electronic money tokens. Its terms say it provides no fiat payment services itself. Trustly AB provides the customer payment account, and group company GreenMerc Finance AB executes fiat payments. Both are Swedish payment institutions authorised by Finansinspektionen. | Authority | Licence or registration | Number | Held | Status | Source | | --- | --- | --- | --- | --- | --- | | Finnish Financial Supervisory Authority (FIN-FSA) Finland | Crypto-asset service provider authorisation under MiCA (custody and administration, transfer, execution of orders, reception and transmission of orders) | 743700CHRVVP342JOA67 | In its own name | Active | — | | Finnish Financial Supervisory Authority (FIN-FSA) Finland | Payment institution (payment services relating to electronic money tokens, including card acquiring) | 29182549 | 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](https://elucidate.co/directory/northcrypto-oy-d1e52b3d083e#overview-sources) - **Safeguarding:** Segregated safeguarding accountsThe firm states that it keeps clients' crypto-assets in dedicated accounts, separate from its own holdings, and mostly in offline cold wallets. It states that Trustly holds customers' euro balances in a payment account. [northcrypto.com ↗](https://www.northcrypto.com/custody-policy) - **Crypto-asset custody:** Held by the firmThe firm holds clients' crypto-assets itself, using Fireblocks wallet technology, and keeps most of them in offline cold wallets. It passes trading orders to third-party crypto-asset service providers for execution. [northcrypto.com ↗](https://www.northcrypto.com/custody-policy) 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/northcrypto-oy-d1e52b3d083e#overview-sources) - Crypto trading - Crypto custody - Crypto on- and off-ramp It buys, sells, swaps, holds and stakes more than 260 crypto-assets for customers against euros, and runs a Northcrypto Private service for customers with at least EUR 100,000 to invest. It serves customers mainly in Finland, and in Sweden under the Trijo brand. It says its customers live in nearly 20 countries. - **Sells to:** Consumers · Small businesses · Enterprises - **Serves customers in 2 countries:** Finland · Sweden ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/northcrypto-oy-d1e52b3d083e#overview-sources) - **Chief executive:** Ville Runola CEO and member of the Board of Directors Confirmed 29 Sep 2026 · [news.cision.com ↗](https://news.cision.com/greenmerc-ab--publ-/r/greenmerc-s-subsidiary-northcrypto-is-approved-for-additional-services-under-mica,c4353208) - **Executive:** Ari Liukko Member of the Board of Directors (CEO of parent GreenMerc AB (publ)) Confirmed 29 Sep 2026 · [northcrypto.com ↗](https://www.northcrypto.com/learn/about/us) - **Executive:** Miikka Laukkanen Member of the Board of Directors Confirmed 29 Sep 2026 · [northcrypto.com ↗](https://www.northcrypto.com/learn/about/us) - **Executive:** Esa Runola Member of the Board of Directors Confirmed 29 Sep 2026 · [northcrypto.com ↗](https://www.northcrypto.com/learn/about/us) ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/northcrypto-oy-d1e52b3d083e#overview-sources) 1. Jun 2026 Licence FIN-FSA authorised the firm as a payment institution for payment services relating to electronic money tokens, including card acquiring. [inderes.fi ↗](https://www.inderes.fi/en/releases/greenmerc-ab-publ-stockholm-9-june-2026-or-greenmerc-subsidiary-northcrypto-granted-payment-institution-authorization) 2. May 2026 Licence FIN-FSA extended the firm's MiCA authorisation to cover executing orders and receiving and transmitting orders for crypto-assets. [news.cision.com ↗](https://news.cision.com/greenmerc-ab--publ-/r/greenmerc-s-subsidiary-northcrypto-is-approved-for-additional-services-under-mica,c4353208) 3. Nov 2025 Licence FIN-FSA authorised the firm under MiCA to provide custody and administration of crypto-assets and crypto-asset transfer services. [inderes.dk ↗](https://www.inderes.dk/en/releases/greenmerc-ab-publ-greenmercs-subsidiary-is-granted-authorisation-under-mica) 4. Feb 2025 Other GreenMerc announced that it had moved the firm onto the group technology platform already used by its Swedish subsidiary Trijo. [news.cision.com ↗](https://news.cision.com/se/greenmerc-ab--publ-/r/greenmerc-migrerar-northcrypto-till-sin-tekniska-plattform---ger-finska-kunder-breddat-utbud,c4108707) 5. Nov 2024 Merger / acquisition GreenMerc AB (publ) agreed to acquire 100% of the firm's shares, paying in newly issued GreenMerc shares, subject to FIN-FSA ownership approval. [news.cision.com ↗](https://news.cision.com/se/greenmerc-ab--publ-/r/greenmerc-ab--publ--forvarvar-100-procent-av-aktierna-i-northcrypto-oy-och-blir-marknadsledande-inom,c4066791) 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](https://elucidate.co/directory/northcrypto-oy-d1e52b3d083e#overview-sources) 1. 27 Mar 2026 Impersonation Finansinspektionen (Swedish Financial Supervisory Authority), Sweden Finansinspektionen warned that persons posing as NorthCrypto Oy under the name Första Norr (fnsswe.com) had offered securities trading to Swedish investors. [fi.se ↗](https://fi.se/en/our-registers/investor-alerts/investor-alerts/2026/mars/northcrypto-oy-clone--forsta-norr/) 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 - **Licence no. · EBA-PSD2:** 29182549 - **Licence no. · ESMA-CASP:** 743700CHRVVP342JOA67 - **BIC:** Holds no BIC in Swift’s directory - **LEI:** [743700CHRVVP342JOA67 ↗](https://search.gleif.org/#/record/743700CHRVVP342JOA67) - **How the LEI was matched:** Published by the register - **Elucidate firm ID:** d1e52b3d083e ## Profile - **Type:** Payments & e-money · Crypto - **Regulation:** Prudential licence - **Main licence class:** Crypto-Asset Service Provider - **Activities:** - Payment services - Card acquiring - Crypto-assets - **Licensed in:** [Finland](https://elucidate.co/directory/country/fi) · Europe & Central Asia - **First registered:** 2025-11-25 - **Website:** [www.northcrypto.com ↗](https://www.northcrypto.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 - **Direct parent:** GreenMerc AB (publ) · Sweden[636700QAWC6SZD422R49 ↗](https://search.gleif.org/#/record/636700QAWC6SZD422R49) Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control. ## Addresses - **Address on the register:** Kristiinankatu 1 B 25 20100 Turku, Turku, 20100 - **Country:** Finland ## 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 ```xml 743700CHRVVP342JOA67 NorthCrypto Oy 20100 Turku FI Kristiinankatu 1 B 25 20100 Turku ``` - The address line repeats the town or postcode. Remove the repeat if your payment system rejects it. 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 Finland - [Kvarn Capital Oy · trading as Kvarn X No BIC Payments & e-money Crypto Prudential licence Finland · Licensed by Finnish Financial Supervisory Authority · 32888032 (EBA-PSD2) · also on ESMA-CASP · LEI 9845009F15A5B9FD7F45](https://elucidate.co/directory/kvarn-capital-oy-e13c73028784) - [Visma Payments Oy No BIC Payments & e-money Prudential licence Finland · Licensed by Finnish Financial Supervisory Authority · 24865594 (EBA-PSD2) · LEI 743700XYF5NFRU352D44](https://elucidate.co/directory/visma-payments-oy-c8cc0cfca407) - [Wolt License Services Oy No BIC Payments & e-money Prudential licence Finland · Licensed by Finnish Financial Supervisory Authority · 31720705 (EBA-PSD2) · LEI 743700SOJA4DGZUEIQ23](https://elucidate.co/directory/wolt-license-services-oy-987e8375baa0) - [Zevoy Aktiebolag No BIC Payments & e-money Prudential licence Finland · Licensed by Finnish Financial Supervisory Authority · 31477514 (EBA-PSD2) · LEI 743700HWAF38LYZ9MW17](https://elucidate.co/directory/zevoy-aktiebolag-e83e7d5bcab8) - [Book Salon Oy No BIC Payments & e-money Prudential licence Finland · Licensed by Finnish Financial Supervisory Authority · 27861214 (EBA-PSD2) · LEI 7437000YHXKXTUD8EK71](https://elucidate.co/directory/book-salon-oy-85f844161807) - [Coinmotion Oy · trading as Coinmotion No BIC Payments & e-money Crypto Prudential licence Finland · Licensed by Finnish Financial Supervisory Authority · 24696831 (EBA-PSD2) · also on ESMA-CASP · LEI 743700PZG5RRF7SA4Q58](https://elucidate.co/directory/coinmotion-oy-5bf8966239de) - [Enfuce License Services Oy No BIC Payments & e-money Prudential licence Finland · Licensed by Finnish Financial Supervisory Authority · 29925023 (EBA-PSD2) · LEI 743700WRC8QM4A5D3G23](https://elucidate.co/directory/enfuce-license-services-oy-079ae8b4029a) - [Epassi Clearing Oy No BIC Payments & e-money Prudential licence Finland · Licensed by Finnish Financial Supervisory Authority · 28722419 (EBA-PSD2) · LEI 8945003XY9F2SG7R7A09](https://elucidate.co/directory/epassi-clearing-oy-74db98d23767) [See all →](https://elucidate.co/directory/search?type=payments&cc=FI) [Other entries on EBA-PSD2 →](https://elucidate.co/directory/register/eba-psd2) 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 - **EBA PSD2 Register**—European Banking Authority (EBA) · [source ↗](https://euclid.eba.europa.eu/register/pir/search) as at 25 September 2026 - **ESMA interim MiCA register of crypto-asset service providers**—European Securities and Markets Authority (ESMA) · [source ↗](https://www.esma.europa.eu/esmas-activities/digital-finance-and-innovation/markets-crypto-assets-regulation-mica) 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. ## 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.