---
title: "Obconnect Limited SWIFT/BIC code OBCNGB22XXX · United Kingdom | Elucidate"
description: "Licensed in the United Kingdom: Authorised Payment Institution (FCA). SWIFT/BIC code OBCNGB22XXX for Obconnect Limited, United Kingdom. Head-office BIC."
url: https://elucidate.co/directory/obconnect-limited-obcngb22
---
1. [Directory](https://elucidate.co/directory)
2. [United Kingdom](https://elucidate.co/directory/country/gb)
3. Obconnect Limited
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.
Register status
Licensed in the United Kingdom
Authorised Payment Institution · FCA
Prudential licence
[1 licence or registration ↓](https://elucidate.co/directory/obconnect-limited-obcngb22#licences)
BIC **OBCNGB22XXX** LEI **[984500306CE7EDDB0D06](https://search.gleif.org/#/record/984500306CE7EDDB0D06)** [Licence no. **935017**](https://elucidate.co/directory/obconnect-limited-obcngb22#licences) Reverse billing Head-office BIC only [Claim this profile](https://elucidate.co/directory/obconnect-limited-obcngb22#claim)
## 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 & RAISPs](https://elucidate.co/directory/register/fca-psd) FCA Linked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised Payment InstitutionPayment Institution | 935017 | [United Kingdom](https://elucidate.co/directory/country/gb) | Active | 2021-04-07 | — | - Payment services | [Search the register ↗](https://register.fca.org.uk/s/) |
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 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](https://elucidate.co/directory/obconnect-limited-obcngb22#overview-sources)
Customers
55
customers · This entity · 11 Jun 2026 · [company statement ↗](https://obconnect.io/about/)
Employees
13
headcount · This entity · 31 Mar 2025 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/12311322/filing-history/MzUxMTE3MDE1NWFkaXF6a2N4/document?format=pdf&download=0)
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 ↗](https://obconnect.io/)
- **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/obconnect/)
Sources · 14 pages consulted
1. [find-and-update.company-information.service.gov.uk/company/12311322](https://find-and-update.company-information.service.gov.uk/company/12311322)
2. [find-and-update.company-information.service.gov.uk/company/12311322/persons-with-significant-control](https://find-and-update.company-information.service.gov.uk/company/12311322/persons-with-significant-control)
3. [find-and-update.company-information.service.gov.uk/company/12311322/officers](https://find-and-update.company-information.service.gov.uk/company/12311322/officers)
4. [find-and-update.company-information.service.gov.uk/company/12311322/filing-history](https://find-and-update.company-information.service.gov.uk/company/12311322/filing-history)
5. [find-and-update.company-information.service.gov.uk/company/12311322/filing-history/MzUxMTE3MDE1NWFkaXF6a2N4/document?format=pdf&download=0](https://find-and-update.company-information.service.gov.uk/company/12311322/filing-history/MzUxMTE3MDE1NWFkaXF6a2N4/document?format=pdf&download=0)
6. [obconnect.io/](https://obconnect.io/)
7. [obconnect.io/about/](https://obconnect.io/about/)
8. [obconnect.io/terms/](https://obconnect.io/terms/)
9. [paypointbusiness.com/corporate/investor-centre/regulatory-announcements/paypoint-completes-investment-in-obcon](https://www.paypointbusiness.com/corporate/investor-centre/regulatory-announcements/paypoint-completes-investment-in-obconnect)
10. [paypointbusiness.com/corporate/investor-centre/regulatory-announcements/paypoint-announces-a-further-105m-inve](https://www.paypointbusiness.com/corporate/investor-centre/regulatory-announcements/paypoint-announces-a-further-105m-investment-in-obconnect)
11. [globenewswire.com/news-release/2026/06/11/3310197/0/en/record-profits-delivered-and-reorganisation-to-deliv](https://www.globenewswire.com/news-release/2026/06/11/3310197/0/en/record-profits-delivered-and-reorganisation-to-deliver-next-stage-of-growth.html)
12. [paypointbusiness.com/corporate/our-group/executive-committee-and-board](https://www.paypointbusiness.com/corporate/our-group/executive-committee-and-board)
13. [fxnewsgroup.com/forex-news/payments/paypoint-completes-investment-in-obconnect/](https://fxnewsgroup.com/forex-news/payments/paypoint-completes-investment-in-obconnect/)
14. [lei.bloomberg.com/leis/view/984500306CE7EDDB0D06](https://lei.bloomberg.com/leis/view/984500306CE7EDDB0D06)
## Authorisation
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/obconnect-limited-obcngb22#overview-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 ↗](https://register.fca.org.uk/s/firm?id=0014G00002Yu5rhQAB) |
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](https://elucidate.co/directory/obconnect-limited-obcngb22#overview-sources)
- Account information (open banking)
- Payment initiation (open banking)
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 4.4mThis entity · 31 Mar 2026 · [company statement ↗](https://www.globenewswire.com/news-release/2026/06/11/3310197/0/en/record-profits-delivered-and-reorganisation-to-deliver-next-stage-of-growth.html)
- **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 2024 Led by PayPoint plc [paypointbusiness.com ↗](https://www.paypointbusiness.com/corporate/investor-centre/regulatory-announcements/paypoint-announces-a-further-105m-investment-in-obconnect)
## Leadership
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/obconnect-limited-obcngb22#overview-sources)
- **Executive:** Simon Coles Director (Managing Director, Digital Payments and Open Banking, PayPoint) Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/12311322/officers)
- **Executive:** Josephine Sarah Anne Toolan Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/12311322/officers)
- **Executive:** Christopher Richard Thomas Paul Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/12311322/officers)
## Recent events
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/obconnect-limited-obcngb22#overview-sources)
1. Jun 2026
Merger / acquisition
PayPoint reported that it had completed the buyout of the firm's founders, making the firm a wholly owned subsidiary.
[globenewswire.com ↗](https://www.globenewswire.com/news-release/2026/06/11/3310197/0/en/record-profits-delivered-and-reorganisation-to-deliver-next-stage-of-growth.html)
2. Jun 2026
Leadership
The firm appointed Christopher Richard Thomas Paul as a director on 7 June 2026.
[find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/12311322/filing-history)
3. Mar 2026
Leadership
Co-founder Rui Engana resigned as a director on 17 March 2026.
[find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/12311322/officers)
4. Mar 2026
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 ↗](https://find-and-update.company-information.service.gov.uk/company/12311322/filing-history)
5. Feb 2026
Leadership
Co-founder and chief executive Darran Morford resigned as a director on 10 February 2026.
[find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/12311322/officers)
6. Feb 2026
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 ↗](https://find-and-update.company-information.service.gov.uk/company/12311322/filing-history/MzUxMTE3MDE1NWFkaXF6a2N4/document?format=pdf&download=0)
7. Oct 2024
Merger / acquisition
PayPoint completed its investment after FCA approval and took a 55.3% stake in the firm.
[paypointbusiness.com ↗](https://www.paypointbusiness.com/corporate/investor-centre/regulatory-announcements/paypoint-completes-investment-in-obconnect)
8. Oct 2024
Other
The firm won a contract with the New Zealand Banking Association to deliver New Zealand's Confirmation of Payee service.
[fxnewsgroup.com ↗](https://fxnewsgroup.com/forex-news/payments/paypoint-completes-investment-in-obconnect/)
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:** 1. OBCN Bank 2. GB Country · United Kingdom 3. 22 Location · reverse billing 4. XXX Branch · head office
- **Branch description:** Not recorded in the directory
- **LEI:** 984500306CE7EDDB0D06
- **LEI record:** [View on GLEIF ↗](https://search.gleif.org/#/record/984500306CE7EDDB0D06)
- **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-money
- **Regulation:** Prudential licence
- **Register licences:** [1 entry on 1 register](https://elucidate.co/directory/obconnect-limited-obcngb22#licences)
- **Activities:** - Payment services
- **Licensed in:** [United Kingdom](https://elucidate.co/directory/country/gb)
- **Website (register):** [obconnect.io ↗](https://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
```xml
OBCNGB22XXX
984500306CE7EDDB0D06
```
### 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
```xml
OBCNGB22XXX
984500306CE7EDDB0D06
OBCONNECT LIMITED
LONDON
GB
UNIT 8 WG WEST BUILDING 1-45 DURHAM STREET LONDON SE115JH
```
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.
## 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)
Claim this profile
## Work at Obconnect Limited?
Claim this page to have it marked as verified by the bank, and to send us corrections. We verify every claim before anything changes on the page.
1. 01 **Submit** Tell us who you are, using your work email.
2. 02 **We verify** We check the email domain and confirm your role with the bank. This usually takes up to five business days.
3. 03 **Profile claimed** The page is marked as claimed and verified. You can send us corrections at any time.
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 →](https://elucidate.co/directory/methodology)
Credits for this page
- **FCA Financial Services Register - Payment Institutions & RAISPs**—Financial Conduct Authority (FCA) · [register ↗](https://register.fca.org.uk/s/) 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](https://obconnect.io/) (official website) · [original](https://obconnect.io/wp-content/uploads/2023/08/Website-Logo-OB-01-1.png).
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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.