United Kingdom · Payments & e-money
Paynetics UK Limited
Paynetics UK Limited 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 942777. It is a wholly owned subsidiary of Paynetics AD, a Bulgarian electronic money institution. It offers card issuing and processing, BIN sponsorship, e-money accounts and card acquiring to fintechs, programme managers and corporates in the UK.
Licences and registrations
Held by Paynetics UK Limited (LEI 254900BPVJP8VOP17805). 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 - E-Money InstitutionsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised E-Money InstitutionE-Money / Stored Value Institution | 942777 | United Kingdom | Active | 2023-03-31 | — |
|
Search the register ↗ |
Trading names on the register: Paynetics digital (FCA-EMI)
- 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
- PATCGB2LXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under PATCGB2L directly.
- 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
- 2023-11-18
- Last updated
- 2023-11-18
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Group subsidiary
100% Paynetics AD
Firm type
Banking as a service
Trades as Paynetics
- Standing
- The firm moved its registered office from 18 Devonshire Row, London to Salisbury House, 29 Finsbury Circus, London on 18 December 2024. The Swift directory still shows the former address.
- Ownership
- Paynetics AD of Sofia, Bulgaria owns 100% of the firm. Its 2024 accounts name Ivo Gueorguiev (36.04%) and Valeri Valtchev (33.1%) as ultimate controlling parties through Paynetics AD.
- Direct parent
- Paynetics AD ↗, Bulgaria 100%
- Head office
- Salisbury House, Office 409, 29 Finsbury Circus, EC2M 5SQ London, United Kingdom
- Company register
- Companies House 12481335
- Incorporated
- 25 Feb 2020
- Founders
- Ivo Gueorguiev · Valeri Valtchev
Online
- Websites & references
- paynetics.digital ↗
paynetics.online ↗ online platform for business e-money accounts (UK accounts provided by Paynetics UK)
developers.paynetics.digital ↗ API documentation
uptime.paynetics.net ↗ status page - Official social accounts
- None found
Sources · 15 pages consulted
- find-and-update.company-information.service.gov.uk/company/12481335
- find-and-update.company-information.service.gov.uk/company/12481335/officers
- find-and-update.company-information.service.gov.uk/company/12481335/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/12481335/filing-history
- find-and-update.company-information.service.gov.uk/company/12481335/filing-history/MzQ4Mzc3MTU1NmFkaXF6a2N4/document?format=pdf&download=0
- paynetics.digital/
- paynetics.digital/why-paynetics/
- paynetics.digital/safeguarding-of-clients-funds/
- paynetics.digital/uk-acquiring-terms-conditions/
- paynetics.digital/uk-privacy-policy/
- paynetics.online/pages/paynetics-uk-general-terms
- lb.lt/en/sfi-financial-market-participants/paynetics-ad
- paynetics.digital/media/paynetics-closes-a-eur-2-5-million-funding-round/
- fintechfutures.com/job-cuts-new-hires/eva-taleva-borislavova-named-paynetics-coo
- fscom.co/insights/blog/paynetics-uk-receives-emi-licence-from-the-fca/
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FCA authorises the firm as an electronic money institution under the Electronic Money Regulations 2011, reference 942777. It has held this authorisation since March 2023. Before then, the group served UK customers through Paynetics AD under the FCA's Temporary Permissions Regime.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised E-Money Institution | 942777 | In its own name | Active | paynetics.digital ↗ |
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 keeps customers' funds apart from its own money in a safeguarding account with a bank, and that e-money is not covered by the FSCS.
- Payment schemes and card networks
- Faster Payments Access not stated paynetics.digital ↗
Visa Access not stated paynetics.digital ↗
Mastercard Access not stated paynetics.digital ↗
SEPA Credit Transfer Access not stated paynetics.digital ↗
Swift Direct
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
Its 2024 accounts describe its principal activity as card issuer processing, including prepaid cards. It also offers business e-money accounts with UK sort codes and EUR IBANs and Visa and Mastercard acquiring for UK merchants.
The firm serves UK customers under its FCA authorisation. Paynetics AD provides the group's services in the EEA under its Bulgarian licence.
- Revenue
- GBP 3.76m
- Sells to
- Platforms and marketplaces · Enterprises · Small businesses · Financial institutions · Public sector
- Serves customers in
- United Kingdom
- Latest funding round
- EUR 2.5m Mar 2020Led by New Vision 3 Fund, Bulgarian American Credit Bank
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Janet Johnston
CEO Paynetics UK; director
- Chair
-
Ivo Gueorguiev
Co-founder and Chairman (Paynetics group); director
- Founder
-
Valeri Valtchev
Co-founder and CEO (Paynetics group); director
- Executive
- Antonina Ivanova Martinova Director
- Executive
- Ian Terence Clowes Director
- Executive
- David John Parker Director
Recent events
Researched 29 Sep 2026 · Sources
-
Leadership
The Paynetics group appointed Eva Taleva-Borislavova, formerly Remitly Europe chief executive, as its chief operating officer.
fintechfutures.com ↗ -
Leadership
The firm appointed David John Parker as a director on 28 November 2025.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
The firm appointed Janet Lynne Johnston as a director on 17 March 2025. Hana Rypackova Rolles resigned as a director the same day.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
The firm appointed Ariel Hasson as a director on 14 November 2023.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
Michael David Peplow, previously named as chief executive of Paynetics UK, resigned as a director on 4 October 2023.
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
Head-office record
- BIC
- PATCGB2LXXX
- How the BIC breaks down
- PATCBank
- GBCountry · United Kingdom
- 2LLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 254900BPVJP8VOP17805
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-EMI
- 942777
- 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
- 483f9b870aa2
- Companies House no.
- 12481335 ↗
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
- E-money / stored value
- Licensed in
- United Kingdom
- 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.
Persons with significant control
Companies House · company 12481335 ↗ · as at 9 October 2026
Companies House lists 2 persons with significant control for Paynetics UK Limited: 2 individuals.
| Name | Type | Nature of control | Notified |
|---|---|---|---|
| Valeri Marinov Valtchev | Individual | Significant influence or control | 26 March 2024 |
| Ivo Alexandrov Gueorguiev | Individual | Significant influence or control | 26 March 2024 |
Companies report persons with significant control to Companies House. Elucidate has not verified them.
A person with significant control holds more than 25% of the shares or votes, can appoint or remove the board, or has significant influence or control. Dates of birth and addresses are not shown.
Matched on the Companies House number that the FCA register gives for this firm.
See the register at Companies House ↗Addresses
- Registered address
- 18 DEVONSHIRE ROW LONDON EC2M 4RH UNITED KINGDOM
- Operational address
- 18 DEVONSHIRE ROW LONDON LONDON EC2M 4RH UNITED
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>PATCGB2LXXX</BICFI>
<LEI>254900BPVJP8VOP17805</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>PATCGB2LXXX</BICFI>
<LEI>254900BPVJP8VOP17805</LEI>
<Nm>PAYNETICS UK LIMITED</Nm>
<PstlAdr>
<TwnNm>LONDON</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>18 DEVONSHIRE ROW LONDON EC2M 4RH</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 - E-Money Institutions—Financial Conduct Authority (FCA) · register ↗ as at 25 September 2026
- Persons with significant control—Companies House · source ↗ as at 9 October 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: paynetics.digital (official website) · original; Janet Johnston: paynetics.digital (official website) · original; Ivo Gueorguiev: paynetics.digital (official website) · original; Valeri Valtchev: paynetics.digital (official website) · original.
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