United Kingdom · Payments & e-money
Obconnect Limited
obconnect Limited is a private limited company registered in England and Wales. Its registered office is in Welwyn Garden City. The FCA authorises it as a payment institution (FRN 935017) to provide account information and payment initiation services. PayPoint plc took a controlling stake in October 2024 and reported in June 2026 that the firm had become a wholly owned subsidiary. The firm sells Confirmation of Payee, Verification of Payee and Open Banking software to banks, other financial institutions and corporates, mainly in the UK and New Zealand.
Licences and registrations
Held by Obconnect Limited (LEI 984500306CE7EDDB0D06). 1 entry 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 - Payment Institutions & RAISPsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised Payment InstitutionPayment Institution | 935017 | United Kingdom | Active | 2021-04-07 | — |
|
Search the register ↗ |
Trading names on the register: Obconnect (FCA-PSD)
- 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
- OBCNGB22XXX head office
- Connection to Swift
- Reverse billingThe institution is connected to Swift. Messages sent to it are billed to the institution, not to the sender. The “2” in the eighth character of OBCNGB22 marks reverse billing.
- 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
- 2025-05-10
- Last updated
- 2025-05-10
Overview
Researched 29 Sep 2026 · Sources
Ownership
Group subsidiary
100% PayPoint plc
Firm type
Open banking
Trades as obconnect
- Standing
- PayPoint plc took control of the firm in October 2024. In June 2026 PayPoint reported that it had bought out the founders and that the firm was now its wholly owned subsidiary. Both co-founders left the board in February and March 2026. The registered office moved to PayPoint's head office in Welwyn Garden City on 30 April 2026.
- Ownership
- PayPoint plc (Companies House 03581541) owns the firm directly and reported in June 2026 that it had become a wholly owned subsidiary.
- Direct parent
- PayPoint plc, United Kingdom 100%
- Head office
- 1 The Boulevard, Shire Park, AL7 1EL Welwyn Garden City, United Kingdom
- Company register
- Companies House 12311322
- Incorporated
- 12 Nov 2019
- Founders
- Darran Morford · Rui Engana
Online
- Websites & references
- obconnect.io ↗
- Official social accounts
- LinkedIn ↗
Sources · 14 pages consulted
- find-and-update.company-information.service.gov.uk/company/12311322
- find-and-update.company-information.service.gov.uk/company/12311322/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/12311322/officers
- find-and-update.company-information.service.gov.uk/company/12311322/filing-history
- find-and-update.company-information.service.gov.uk/company/12311322/filing-history/MzUxMTE3MDE1NWFkaXF6a2N4/document?format=pdf&download=0
- obconnect.io/
- obconnect.io/about/
- obconnect.io/terms/
- paypointbusiness.com/corporate/investor-centre/regulatory-announcements/paypoint-completes-investment-in-obcon
- paypointbusiness.com/corporate/investor-centre/regulatory-announcements/paypoint-announces-a-further-105m-inve
- globenewswire.com/news-release/2026/06/11/3310197/0/en/record-profits-delivered-and-reorganisation-to-deliv
- paypointbusiness.com/corporate/our-group/executive-committee-and-board
- fxnewsgroup.com/forex-news/payments/paypoint-completes-investment-in-obconnect/
- lei.bloomberg.com/leis/view/984500306CE7EDDB0D06
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FCA authorises the firm as a payment institution under the Payment Services Regulations 2017, to provide account information and payment initiation services. Its terms say it may provide account information services through partners registered with the FCA as its agents.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Payment Institution | 935017 | In its own name | Active | register.fca.org.uk ↗ |
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.
Products and markets
Researched 29 Sep 2026 · Sources
It sells Confirmation of Payee, Verification of Payee and Open Banking compliance software, and it provides account information and payment initiation services to corporates.
Its accounts for the period to 31 March 2025 show revenue from the UK and New Zealand. In New Zealand it delivers the Confirmation of Payee service for the banking industry.
- Revenue
- GBP 4.4m
- Sells to
- Financial institutions · Enterprises
- Serves customers in 2 countries
- United Kingdom · New Zealand
- Latest funding round
- Strategic investment (majority stake) · GBP 10.5m Aug 2024Led by PayPoint plc
Leadership
Researched 29 Sep 2026 · Sources
- Executive
- Simon Coles Director (Managing Director, Digital Payments and Open Banking, PayPoint)
- Executive
- Josephine Sarah Anne Toolan Director
- Executive
- Christopher Richard Thomas Paul Director
Recent events
Researched 29 Sep 2026 · Sources
-
Merger / acquisition
PayPoint reported that it had completed the buyout of the firm's founders, making the firm a wholly owned subsidiary.
globenewswire.com ↗ -
Leadership
The firm appointed Christopher Richard Thomas Paul as a director on 7 June 2026.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
Co-founder Rui Engana resigned as a director on 17 March 2026.
find-and-update.company-information.service.gov.uk ↗ -
Other
Companies House published a compulsory strike-off notice on 3 March 2026 and discontinued the action on 4 March 2026.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
Co-founder and chief executive Darran Morford resigned as a director on 10 February 2026.
find-and-update.company-information.service.gov.uk ↗ -
Merger / acquisition
PayPoint plc increased its stake in the firm to 76.7% on 11 February 2026, according to the firm's filed accounts.
find-and-update.company-information.service.gov.uk ↗ -
Merger / acquisition
PayPoint completed its investment after FCA approval and took a 55.3% stake in the firm.
paypointbusiness.com ↗ -
Other
The firm won a contract with the New Zealand Banking Association to deliver New Zealand's Confirmation of Payee service.
fxnewsgroup.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
- OBCNGB22XXX
- How the BIC breaks down
- OBCNBank
- GBCountry · United Kingdom
- 22Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 984500306CE7EDDB0D06
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-PSD
- 935017
- 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 ID
- b6c2b7230eb0
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.
- Register licences
- 1 entry on 1 register
- Activities
- Payment services
- Licensed in
- United Kingdom
- Website (register)
- obconnect.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.
Addresses
- Registered address
- UNIT 8 WG WEST BUILDING 1-45 DURHAM STREET LONDON SE115JH UNITED KINGDOM
- Operational address
- UNIT 8 WG WEST BUILDING 1-45 DURHAM STREET LONDON LONDON SE115JH 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>OBCNGB22XXX</BICFI>
<LEI>984500306CE7EDDB0D06</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>OBCNGB22XXX</BICFI>
<LEI>984500306CE7EDDB0D06</LEI>
<Nm>OBCONNECT LIMITED</Nm>
<PstlAdr>
<TwnNm>LONDON</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>UNIT 8 WG WEST BUILDING 1-45 DURHAM STREET LONDON SE115JH</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 - Payment Institutions & RAISPs—Financial Conduct Authority (FCA) · register ↗ 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.
- 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: obconnect.io (official website) · original.
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