United Kingdom · Payments & e-money
Plaid Financial LTD.
Trading asPlaid
Plaid Financial Ltd. is a private limited company registered in England and Wales and based in London. The FCA authorises it as an authorised payment institution under the Payment Services Regulations 2017, with firm reference number 804718. It is a subsidiary of Plaid, Inc. of San Francisco and provides open banking account information, Pay by Bank, variable recurring payments and payouts to businesses in the UK. It was incorporated in December 2017 as Quovo, Ltd. and took its current name in March 2019.
Licences and registrations
Held by Plaid Financial LTD.. 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 & RAISPsFCA | Authorised Payment InstitutionPayment Institution | 804718 | United Kingdom | Active | 2018-10-29 | — |
|
Search the register ↗ |
Trading names on the register: Plaid (FCA-PSD)
- 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. No LEI is matched to this entry, and BICs are linked by LEI only.
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Group subsidiary
Plaid, Inc.
Firm type
Open banking
Trades as Plaid
- Ownership
- According to its accounts for 2025, the firm's parent and ultimate parent company is Plaid, Inc., with its registered office in San Francisco.
- Direct parent
- Plaid, Inc., United States
- Head office
- 1st Floor, 9 Curtain Road, EC2A 3LT London, United Kingdom
- Company register
- Companies House 11103959
- Incorporated
- 8 Dec 2017
- Founders
- Zach Perret · William Hockey
- Former name
- QUOVO, LTD.
Online
- Websites & references
- plaid.com ↗
plaid.com/en-gb ↗ UK country site
plaid.com/docs ↗ developer documentation
support-my.plaid.com ↗ consumer help centre
my.plaid.com ↗ Plaid Portal consumer data-control site
Wikipedia ↗ group article - Official social accounts
- LinkedIn ↗ · X ↗ · Instagram ↗ · GitHub ↗
Sources · 16 pages consulted
- register.fca.org.uk/s/firm?id=0010X000049JuDPQA0
- find-and-update.company-information.service.gov.uk/company/11103959
- find-and-update.company-information.service.gov.uk/company/11103959/officers
- find-and-update.company-information.service.gov.uk/company/11103959/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/11103959/filing-history
- find-and-update.company-information.service.gov.uk/company/11103959/filing-history/MzU0NTI4Mzk4MWFkaXF6a2N4/document?format=xhtml&download=1
- plaid.com/
- plaid.com/en-gb/
- plaid.com/en-gb/products/payouts/
- plaid.com/legal/
- support-my.plaid.com/hc/en-gb/articles/4410324909463-Is-Plaid-regulated-by-the-Financial-Conduct-Authority-FCA
- plaid.com/blog/fca-registration-and-how-plaid-can-help/
- plaid.com/blog/our-latest-fundraise/
- clear.bank/learn/news/clearbank-partners-with-plaid-to-power-real-time-open-banking-payments-in-the-
- fintechfutures.com/venture-capital-funding/plaid-reportedly-hits-8bn-valuation-after-latest-funding-round
- en.wikipedia.org/wiki/Plaid_Inc.
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FCA authorises the firm as an authorised payment institution under the Payment Services Regulations 2017 to provide payment services. These include account information and payment initiation services. A 2020 Plaid blog post says business customers can instead register with the FCA as the firm's agents for account information services.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Payment Institution | 804718 | 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.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Not applicableThe firm states that it does not hold customer funds and that funds are not covered by the FSCS.
- Deposit-holding bank · Settlement bank
- ClearBank United Kingdom
- Payment schemes and card networks
- Faster Payments Through a partner plaid.com ↗
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
It sells businesses a set of open banking services through one API. These include account information, one-off and variable recurring Pay by Bank payments, payouts and refunds over Faster Payments, and identity verification and AML screening tools.
The firm serves UK customers under its FCA authorisation. Plaid B.V., a sister company authorised by De Nederlandsche Bank, serves the EEA.
- Sells to
- Enterprises · Platforms and marketplaces · Small businesses · Financial institutions
- Serves customers in
- United Kingdom
- Latest funding round
- common stock financing · USD 575m Apr 2025Led by Franklin Templeton
Leadership
Researched 29 Sep 2026 · Sources
- Executive
- Eric Michael Sager Director
- Executive
- Araba Foriwa Eshun Director
- Chief executive
- Zach Perret Co-founder and CEO, Plaid Inc. (group level)
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The firm moved its registered office from 25 Worship Street to 1st Floor, 9 Curtain Road, London.
find-and-update.company-information.service.gov.uk ↗ -
Funding
Bloomberg reported that parent Plaid Inc. secured a USD 8 billion valuation in a new funding round and employee share sale.
fintechfutures.com ↗ -
Other
ClearBank announced a partnership to provide Plaid's UK customers with virtual accounts and Faster Payments access for Pay by Bank.
clear.bank ↗ -
Funding
Parent Plaid Inc. raised USD 575 million in a round led by Franklin Templeton, at a reported USD 6.1 billion valuation.
plaid.com ↗ -
Leadership
Michael Eagan Saunders resigned as a director of the firm on 17 January 2025.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
Brendan Dominick Regan resigned as a director of the firm on 29 October 2024.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
The firm appointed Araba Foriwa Eshun and Michael Eagan Saunders as directors, and Brian Dammeir resigned as a director.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
The firm appointed Brendan Regan and Brian Dammeir as directors, and Hripsime Bandourian resigned as a director.
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
- Licence no. · FCA-PSD
- 804718
- BIC
- Holds no BIC in Swift’s directory
- LEI
- No LEI mapped
- Elucidate firm ID
- 19de3280a211
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.
- Main licence class
- Payment Institution
- Activities
- Payment services
- Licensed in
- United Kingdom · Europe & Central Asia
- First registered
- 2018-10-29
- Website
- plaid.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
No LEI is matched to this entry, so GLEIF relationship records cannot be linked.
Addresses
- Address on the register
- Plaid Financial Ltd, 1st Floor, 9 Curtain Road, London, EC2A 3LT
- Country
- United Kingdom
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. No LEI or clearing code is mapped in the directory
- Postal address
- Hybrid: town, postcode and country in their own elements, the rest in two address lines
<FinInstnId>
<Nm>PLAID FINANCIAL LTD.</Nm>
<PstlAdr>
<PstCd>EC2A 3LT</PstCd>
<TwnNm>London</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>Plaid Financial Ltd, 1st Floor</AdrLine>
<AdrLine>9 Curtain Road</AdrLine>
</PstlAdr>
</FinInstnId>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.
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 →Register for this page
- FCA Financial Services Register - Payment Institutions & RAISPs—Financial Conduct Authority (FCA) · source ↗ 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.
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) is an independent score of the financial crime risk of banks and payment institutions.
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