--- title: "Plaid Financial LTD. · Authorised Payment Institution (FCA) · United Kingdom | Elucidate" description: "Plaid Financial LTD. is authorised by FCA as an authorised payment institution in the United Kingdom. Licence 804718. Register status, licences, activities and ownership." url: https://elucidate.co/directory/plaid-financial-ltd-19de3280a211 --- 1. [Directory](https://elucidate.co/directory) 2. [United Kingdom](https://elucidate.co/directory/country/gb) 3. Plaid Financial LTD. United Kingdom · Payments & e-money # Plaid Financial LTD. Trading as Plaid 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. Register status Licensed in the United Kingdom Authorised Payment Institution · FCA Prudential licence [1 licence or registration ↓](https://elucidate.co/directory/plaid-financial-ltd-19de3280a211#licences) BIC **No BIC** LEI **No LEI mapped** [Licence no. **804718**](https://elucidate.co/directory/plaid-financial-ltd-19de3280a211#licences) ## 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 & RAISPs](https://elucidate.co/directory/register/fca-psd) FCA | Authorised Payment InstitutionPayment Institution | 804718 | [United Kingdom](https://elucidate.co/directory/country/gb) | Active | 2018-10-29 | — | - Payment services | [Search the register ↗](https://register.fca.org.uk/s/) | 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](https://elucidate.co/directory/plaid-financial-ltd-19de3280a211#overview-sources) Customers Not published Employees 33 headcount · This entity · 31 Dec 2025 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/11103959/filing-history/MzU0NTI4Mzk4MWFkaXF6a2N4/document?format=xhtml&download=1) 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 ↗](https://plaid.com/) [plaid.com/en-gb ↗](https://plaid.com/en-gb/) UK country site [plaid.com/docs ↗](https://plaid.com/docs/) developer documentation [support-my.plaid.com ↗](https://support-my.plaid.com/hc/en-gb) consumer help centre [my.plaid.com ↗](https://my.plaid.com/) Plaid Portal consumer data-control site [Wikipedia ↗](https://en.wikipedia.org/wiki/Plaid_Inc.) group article - **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/plaid-/) · [X ↗](https://twitter.com/plaid) · [Instagram ↗](https://www.instagram.com/plaid/) · [GitHub ↗](https://github.com/plaid) Sources · 16 pages consulted 1. [register.fca.org.uk/s/firm?id=0010X000049JuDPQA0](https://register.fca.org.uk/s/firm?id=0010X000049JuDPQA0) 2. [find-and-update.company-information.service.gov.uk/company/11103959](https://find-and-update.company-information.service.gov.uk/company/11103959) 3. [find-and-update.company-information.service.gov.uk/company/11103959/officers](https://find-and-update.company-information.service.gov.uk/company/11103959/officers) 4. [find-and-update.company-information.service.gov.uk/company/11103959/persons-with-significant-control](https://find-and-update.company-information.service.gov.uk/company/11103959/persons-with-significant-control) 5. [find-and-update.company-information.service.gov.uk/company/11103959/filing-history](https://find-and-update.company-information.service.gov.uk/company/11103959/filing-history) 6. [find-and-update.company-information.service.gov.uk/company/11103959/filing-history/MzU0NTI4Mzk4MWFkaXF6a2N4/document?format=xhtml&download=1](https://find-and-update.company-information.service.gov.uk/company/11103959/filing-history/MzU0NTI4Mzk4MWFkaXF6a2N4/document?format=xhtml&download=1) 7. [plaid.com/](https://plaid.com/) 8. [plaid.com/en-gb/](https://plaid.com/en-gb/) 9. [plaid.com/en-gb/products/payouts/](https://plaid.com/en-gb/products/payouts/) 10. [plaid.com/legal/](https://plaid.com/legal/) 11. [support-my.plaid.com/hc/en-gb/articles/4410324909463-Is-Plaid-regulated-by-the-Financial-Conduct-Authority-FCA](https://support-my.plaid.com/hc/en-gb/articles/4410324909463-Is-Plaid-regulated-by-the-Financial-Conduct-Authority-FCA) 12. [plaid.com/blog/fca-registration-and-how-plaid-can-help/](https://plaid.com/blog/fca-registration-and-how-plaid-can-help/) 13. [plaid.com/blog/our-latest-fundraise/](https://plaid.com/blog/our-latest-fundraise/) 14. [clear.bank/learn/news/clearbank-partners-with-plaid-to-power-real-time-open-banking-payments-in-the-](https://clear.bank/learn/news/clearbank-partners-with-plaid-to-power-real-time-open-banking-payments-in-the-uk) 15. [fintechfutures.com/venture-capital-funding/plaid-reportedly-hits-8bn-valuation-after-latest-funding-round](https://www.fintechfutures.com/venture-capital-funding/plaid-reportedly-hits-8bn-valuation-after-latest-funding-round) 16. [en.wikipedia.org/wiki/Plaid\_Inc.](https://en.wikipedia.org/wiki/Plaid_Inc.) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/plaid-financial-ltd-19de3280a211#overview-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 ↗](https://register.fca.org.uk/s/firm?id=0010X000049JuDPQA0) | 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](https://elucidate.co/directory/plaid-financial-ltd-19de3280a211#overview-sources) - **Safeguarding:** Not applicableThe firm states that it does not hold customer funds and that funds are not covered by the FSCS. [plaid.com ↗](https://plaid.com/en-gb/) - **Deposit-holding bank · Settlement bank:** ClearBank United Kingdom [clear.bank ↗](https://clear.bank/learn/news/clearbank-partners-with-plaid-to-power-real-time-open-banking-payments-in-the-uk) - **Payment schemes and card networks:** Faster Payments Through a partner [plaid.com ↗](https://plaid.com/en-gb/products/payouts/) 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](https://elucidate.co/directory/plaid-financial-ltd-19de3280a211#overview-sources) - Payment initiation (open banking) - Account information (open banking) - Payouts and mass payments 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 2025 Led by Franklin Templeton [plaid.com ↗](https://plaid.com/blog/our-latest-fundraise/) ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/plaid-financial-ltd-19de3280a211#overview-sources) - **Executive:** Eric Michael Sager Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/11103959/officers) - **Executive:** Araba Foriwa Eshun Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/11103959/officers) - **Chief executive:** Zach Perret Co-founder and CEO, Plaid Inc. (group level) Confirmed 27 Feb 2026 · [fintechfutures.com ↗](https://www.fintechfutures.com/venture-capital-funding/plaid-reportedly-hits-8bn-valuation-after-latest-funding-round) ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/plaid-financial-ltd-19de3280a211#overview-sources) 1. Aug 2026 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 ↗](https://find-and-update.company-information.service.gov.uk/company/11103959/filing-history) 2. Feb 2026 Funding Bloomberg reported that parent Plaid Inc. secured a USD 8 billion valuation in a new funding round and employee share sale. [fintechfutures.com ↗](https://www.fintechfutures.com/venture-capital-funding/plaid-reportedly-hits-8bn-valuation-after-latest-funding-round) 3. Dec 2025 Other ClearBank announced a partnership to provide Plaid's UK customers with virtual accounts and Faster Payments access for Pay by Bank. [clear.bank ↗](https://clear.bank/learn/news/clearbank-partners-with-plaid-to-power-real-time-open-banking-payments-in-the-uk) 4. Apr 2025 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 ↗](https://plaid.com/blog/our-latest-fundraise/) 5. Jan 2025 Leadership Michael Eagan Saunders resigned as a director of the firm on 17 January 2025. [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/11103959/officers) 6. Oct 2024 Leadership Brendan Dominick Regan resigned as a director of the firm on 29 October 2024. [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/11103959/officers) 7. Jul 2024 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 ↗](https://find-and-update.company-information.service.gov.uk/company/11103959/officers) 8. Jan 2024 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 ↗](https://find-and-update.company-information.service.gov.uk/company/11103959/officers) 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 - **Companies House no.:** [11103959 ↗](https://find-and-update.company-information.service.gov.uk/company/11103959) - **Elucidate firm ID:** 19de3280a211 ## Profile - **Type:** Payments & e-money - **Regulation:** Prudential licence - **Main licence class:** Payment Institution - **Activities:** - Payment services - **Licensed in:** [United Kingdom](https://elucidate.co/directory/country/gb) · Europe & Central Asia - **First registered:** 2018-10-29 - **Website:** [plaid.com ↗](https://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. ## Persons with significant control Companies House · company [11103959 ↗](https://find-and-update.company-information.service.gov.uk/company/11103959) · as at 9 October 2026 The company states that no person or legal entity has significant control over it. 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 ↗](https://find-and-update.company-information.service.gov.uk/company/11103959/persons-with-significant-control) ## 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 ```xml PLAID FINANCIAL LTD. EC2A 3LT London GB Plaid Financial Ltd, 1st Floor 9 Curtain Road ``` 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. ## 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) [Other entries on FCA-PSD →](https://elucidate.co/directory/register/fca-psd) 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 →](https://elucidate.co/directory/methodology) Register for this page - **FCA Financial Services Register - Payment Institutions & RAISPs**—Financial Conduct Authority (FCA) · [source ↗](https://register.fca.org.uk/s/) as at 25 September 2026 - **Persons with significant control**—Companies House · [source ↗](https://download.companieshouse.gov.uk/en_pscdata.html) 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. ## 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)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks and payment institutions. [Book a demo](https://elucidate.co/demo-request) 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.