France · Payments & e-money
Okali
Okali is a French simplified joint-stock company (SAS) based in Paris. The Autorité de Contrôle Prudentiel et de Résolution (ACPR) authorises it as an electronic money institution that may provide payment services. La Fabrique by CA, the start-up studio of Groupe Crédit Agricole, has owned it since January 2022. Fintechs and corporates use its licence as registered agents or distributors to offer payment accounts, SEPA transfers and Visa cards. The firm was created in 2020 to take over the Banking-as-a-Service business of Société financière du porte-monnaie électronique interbancaire (SFPMEI). It was renamed Okali in October 2022.
Licences and registrations
Held by Okali (LEI 969500WNBBA8QC9M3591). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| EBA PSD2 RegisterPrudential Supervisory and Resolution AuthorityLinked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Electronic money institutionE-Money / Stored Value Institution | 890111776 | France | Active | 2021-03-26 | — |
|
Search the register ↗ |
- 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.
Regulatory status
FSB · global systemically important banks
2025 list
- G-SIB
- Groupe Crédit Agricole
- Relation
- In a G-SIB groupGLEIF records a G-SIB entity as this legal entity’s ultimate parent. The bucket applies to the group, and membership does not make this entity a bank.
- Bucket
- 2 of 5 · extra capital buffer 1.5% of risk-weighted assets
- On the list since
- 2011
European registers
ECB · monetary financial institutions
List as at 2026-09-25
- Category
- Other monetary financial institution
- Minimum reserves
- Not on the ECB reserve list
- Listed as
- Okali
- RIAD code
- FR17448
Entries are matched on the LEI. Each register is quoted as its publisher lists it.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- SFPEFRP2XXX 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 SFPEFRP2 marks reverse billing.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- SCT · SCT Inst · SDD Core · SDD B2B · VOP · TIPS
- Branch codes
- None: head-office BIC only
- BIC first registered
- 2021-05-01
- Last updated
- 2022-09-30
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Group subsidiary
100% La Fabrique by CA
Firm type
Banking as a service
Trades as Okali
- Standing
- The firm was incorporated in October 2020 under the name SFPMEI. It took over the Banking-as-a-Service business of Société financière du porte-monnaie électronique interbancaire and was renamed Okali in October 2022. Two services run by its distributors have closed since: Kard ended on 11 January 2026, and in July 2026 Crédit Agricole announced the end of the Blank and Propulse brands.
- Ownership
- La Fabrique by CA (RCS Paris 827 899 394), the start-up studio of Groupe Crédit Agricole, is the firm's sole shareholder, and GLEIF reports Crédit Agricole S.A. as the ultimate parent.
- Direct parent
- La Fabrique by CA, France 100%
- Ultimate owner
- Crédit Agricole S.A., France
- Head office
- 50 rue La Boétie, 75008 Paris, France
- Company register
- RCS Paris 890 111 776
- Incorporated
- 12 Oct 2020
- Former name
- SFPMEI
Online
- Websites & references
- okali.eu ↗
- Official social accounts
- LinkedIn ↗ · X ↗
Sources · 13 pages consulted
- okali.eu/mentions-legales
- okali.eu/
- okali.eu/fermeture-des-comptes-kard
- okali.eu/fraude-marque-rib-okali
- datocms-assets.com/44717/1728317849-cgu-okali.pdf
- acpr.banque-france.fr/fr/communiques-de-presse/la-commission-des-sanctions-de-lacpr-sanctionne-la-societe-finan
- acpr.banque-france.fr/system/files/import/acpr/media/2023/12/21/20231220_decision_sfpmei.pdf
- annuaire-entreprises.data.gouv.fr/entreprise/okali-890111776
- lafabriquebyca.com/news/alison-alonso-est-nommee-directrice-generale-dokali/
- lafabriquebyca.com/news/okali-miser-sur-la-conformite-pour-innover/
- lequotidiendesentreprises.fr/secteurs/banque/sfpmei-bank-as-a-service-devient-okapi/
- mind.eu.com/fintech/services-bancaires/open-banking/comment-la-fabrique-by-ca-veut-donner-un-nouveau-
- moneyvox.fr/banque-pro/actualites/109623/le-credit-agricole-enterre-blank-sa-banque-en-ligne-pour-les
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The ACPR authorises Okali as an electronic money institution that may provide payment services, under bank code 17448. Okali acts as principal for fintechs registered with the ACPR as its agents or as its e-money distributors.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Autorité de Contrôle Prudentiel et de Résolution (ACPR) France | Établissement de monnaie électronique (electronic money institution authorised to provide payment services) | 17448 | In its own name | Active | okali.eu ↗ |
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 accountsOkali states that it holds customer funds in ring-fenced (safeguarding) accounts at credit institutions, separate from its own funds. Its Propulse terms name Crédit Mutuel Arkéa as the safeguarding bank.
- Safeguarding bank
- Crédit Mutuel Arkéa France
- Payment schemes and card networks
- Visa Direct okali.eu ↗
SEPA Through a partner okali.eu ↗
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
Okali lends its e-money licence to fintechs and corporates that act as its registered agents or distributors. Through them it offers payment accounts with or without IBAN, SEPA transfers and direct debits, and Visa debit or prepaid cards. Partners have included Spendesk, Blank, Helios, Limonetik (Thunes) and CashSentinel.
The firm issues French IBANs and serves customers in France through its agents and distributors. A 2022 announcement said its French licence allows it to operate across the European Union.
- Sells to
- Platforms and marketplaces · Enterprises · Financial institutions · Small businesses
- Serves customers in
- France
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Alison Alonso Directrice Générale
Recent events
Researched 29 Sep 2026 · Sources
-
Other
Crédit Agricole ended Blank, a service for self-employed professionals that operated under Okali's authorisation, as it moved to its Pro by CA range.
moneyvox.fr ↗ -
Other
Okali closed the Kard accounts on 11 January 2026 after its distributor Kardly entered liquidation, and it began refunding safeguarded customer funds.
okali.eu ↗ -
Leadership
Okali appointed Alison Alonso, its former head of compliance, as chief executive, succeeding Sabine Fillias.
lafabriquebyca.com ↗ -
Other
The ACPR Enforcement Committee reprimanded and fined the former parent company SFPMEI EUR 100,000 for failures in its agent business, not Okali itself.
acpr.banque-france.fr ↗
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
- SFPEFRP2XXX
- How the BIC breaks down
- SFPEBank
- FRCountry · France
- P2Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 969500WNBBA8QC9M3591
- LEI record
- View on GLEIF ↗
- Licence no. · EBA-PSD2
- 890111776
- 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 to GLEIF on name, country and address.
- Register-entry ID
- b1f398499d74
- National bank code
- Code interbancaire (CIB) 17448
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
- Card acquiring
- E-money / stored value
- Licensed in
- France
- Country · region
- France · Europe & Central Asia
- FSB G-SIB list
- In a G-SIB group · Groupe Crédit Agricole list of 2025
- Banking supervision
- Not on the ECB's list of supervised entities as of 2026-07-01
- 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
- Credit Agricole SA · France969500TJ5KRTCJQWXH05 ↗
- FSB G-SIB list
- In a G-SIB group · Groupe Crédit Agricole bucket 2 · 2025 listGLEIF records a G-SIB entity as this legal entity’s ultimate parent. The bucket applies to the group, and membership does not make this entity a bank.
The Credit Agricole SA group has 84 institutions in the directory, in 33 countries: 83 hold a BIC and 1 does not.
Including Credit Agricole Italia S.P.A., Caceis Bank, Caceis Bank, Italy Branch, Credit Agricole SA, Amundi Asset Management.
See the Credit Agricole SA group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- 50 RUE LA BOETIE PARIS 75008 FRANCE
- Operational address
- 50 RUE LA BOETIE PARIS 75008 PARIS FRANCE
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>SFPEFRP2XXX</BICFI>
<LEI>969500WNBBA8QC9M3591</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>SFPEFRP2XXX</BICFI>
<LEI>969500WNBBA8QC9M3591</LEI>
<Nm>OKALI</Nm>
<PstlAdr>
<TwnNm>PARIS</TwnNm>
<Ctry>FR</Ctry>
<AdrLine>50 RUE LA BOETIE PARIS 75008</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.
Payment schemes and systems
EPC registers of 2026-09-11 · ECB T2 list of 2026-07-02 · ECB TIPS list of 2026-09-01 · SIX Bank Master valid on 2026-09-28
| Scheme or system | Since | Registered with | Note |
|---|---|---|---|
| SEPA Credit TransferISO 20022 messages | 2021-06-08 | Head office | — |
| SEPA Instant Credit TransferISO 20022 messages | 2024-12-02 | Head office | — |
| SEPA Direct Debit CoreISO 20022 messages | 2021-06-08 | Head office | — |
| SEPA Direct Debit Business-to-BusinessISO 20022 messages | 2021-06-08 | Head office | — |
| Verification of Payee | 2025-10-09 | Head office | — |
| TIPS (TARGET Instant Payment Settlement)ISO 20022 messages | — | Head office | — |
SEPA dates are when the institution became ready for the scheme. TIPS entries have no joining date.
An institution missing from T2 may still be reachable through an indirect participant. The ECB’s TIPS list does not separate participants from reachable parties. It includes institutions reachable in Swedish kronor as well as in euro.
“ISO 20022 messages” marks a scheme or system whose rulebook or operator specifies ISO 20022 for messages between participants.
National bank codes
Code interbancaire (CIB) · France
1 code
| Code | Routes to BIC | Name in the national file | City |
|---|---|---|---|
| 17448 | SFPEFRP2XXX | Okali | PARIS |
Each code shows the name in the national file. Smaller banks often route through a central institution’s BIC. A code can therefore belong to a different bank than the one on this page.
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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
- Payment schemes and systems—Source: European Payments Council (EPC) Registers of Participants; matched to BICs by Elucidate. Source: European Central Bank, List of TIPS participants and reachable parties.
- National bank codes—France (Source: ACPR – REGAFI).
- EBA PSD2 Register—European Banking Authority (EBA) · 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.
- European registers—Source: European Central Bank (ECB), list of monetary financial institutions and list of institutions subject to minimum reserves. Matched on LEI by Elucidate.
- 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: okali.eu (official website) · original.
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