--- title: "Plum Fintech Payments Limited · Authorised E-Money Institution (FCA) · United Kingdom | Elucidate" description: "Plum Fintech Payments Limited is authorised by FCA as an authorised e-money institution in the United Kingdom. Licence 1023776. Register status, licences, activities and ownership." url: https://elucidate.co/directory/plum-fintech-payments-limited-2541ca427ef0 --- 1. [Directory](https://elucidate.co/directory) 2. [United Kingdom](https://elucidate.co/directory/country/gb) 3. Plum Fintech Payments Limited United Kingdom · Payments & e-money # Plum Fintech Payments Limited Trading as Plum Plum Fintech Payments Limited is a private limited company registered in England and Wales and based in London. The Financial Conduct Authority (FCA) has authorised it as an electronic money institution since 27 November 2025, under firm reference number 1023776. It belongs to the Plum group, and Plum Fintech Limited is its registered person with significant control. It issues e-money and provides payment services for the Plum Wallet (Primary Pocket) in the Plum savings and investment app for UK consumers. It is taking over this role from Modulr FS Limited, with migration starting in October 2026. Register status Licensed in the United Kingdom Authorised E-Money Institution · FCA Prudential licence [1 licence or registration ↓](https://elucidate.co/directory/plum-fintech-payments-limited-2541ca427ef0#licences) BIC **No BIC** LEI **No LEI mapped** [Licence no. **1023776**](https://elucidate.co/directory/plum-fintech-payments-limited-2541ca427ef0#licences) ## Licences and registrations Held by Plum Fintech Payments Limited. 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 Institutions](https://elucidate.co/directory/register/fca-emi) FCA | Authorised E-Money InstitutionE-Money / Stored Value Institution | 1023776 | [United Kingdom](https://elucidate.co/directory/country/gb) | Active | 2025-11-27 | — | - Payment services - E-money / stored value | [Search the register ↗](https://register.fca.org.uk/s/) | Trading names on the register: Plum (FCA-EMI) - 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/plum-fintech-payments-limited-2541ca427ef0#overview-sources) Customers 2,000,000 customers · Group · 15 Jul 2026 · [company statement ↗](https://help.withplum.com/en/articles/15924005-new-electronic-money-issuer) Employees Not published Ownership Group subsidiary Plum Fintech Limited Firm type E-money and accounts Trades as Plum - **Standing:** The FCA authorised the firm as an electronic money institution on 27 November 2025. According to Plum, e-money accounts are moving to the firm from Modulr FS Limited. New accounts are to be opened with the firm from October 2026, and existing accounts will be migrated from the same month. - **Ownership:** Plum Fintech Limited (Companies House 09952199) is registered as the firm's person with significant control. Plum Fintech Limited states that it has no registrable person with significant control of its own. - **Direct parent:** Plum Fintech Limited, United Kingdom - **Head office:** Floor 2, 2-7 Clerkenwell Green, EC1R 0DE London, United Kingdom - **Company register:** Companies House 15660845 - **Incorporated:** 2024 - **Former name:** PLUM NEWCO LIMITED ### Online - **Websites & references:** [withplum.com ↗](https://withplum.com/) [help.withplum.com ↗](https://help.withplum.com/) help centre [withplum.statuspage.io ↗](https://withplum.statuspage.io/) status page (group) - **Official social accounts:** None found Sources · 10 pages consulted 1. [withplum.com](https://withplum.com/) 2. [find-and-update.company-information.service.gov.uk/company/15660845/charges](https://find-and-update.company-information.service.gov.uk/company/15660845/charges) 3. [find-and-update.company-information.service.gov.uk/company/15660845/persons-with-significant-control](https://find-and-update.company-information.service.gov.uk/company/15660845/persons-with-significant-control) 4. [find-and-update.company-information.service.gov.uk/company/09952199/persons-with-significant-control](https://find-and-update.company-information.service.gov.uk/company/09952199/persons-with-significant-control) 5. [help.withplum.com/en/articles/15924005-new-electronic-money-issuer](https://help.withplum.com/en/articles/15924005-new-electronic-money-issuer) 6. [withplum.com/legal/money-protections](https://withplum.com/legal/money-protections) 7. [withplum.com/legal/terms](https://withplum.com/legal/terms) 8. [cityam.com/exclusive-uk-fintech-plum-secures-e-money-licence-from-city-watchdog/](https://www.cityam.com/exclusive-uk-fintech-plum-secures-e-money-licence-from-city-watchdog/) 9. [financialit.net/news/digital-banking/smart-money-app-plum-granted-emi-licence](https://financialit.net/news/digital-banking/smart-money-app-plum-granted-emi-licence) 10. [fintechfutures.com/venture-capital-funding/uk-money-management-app-plum-raises-16-1m-investment](https://www.fintechfutures.com/venture-capital-funding/uk-money-management-app-plum-raises-16-1m-investment) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/plum-fintech-payments-limited-2541ca427ef0#overview-sources) - **Operates under:** Its own licences The FCA authorises the firm as an electronic money institution to issue e-money and provide payment services. Before the firm's authorisation, the Plum Wallet was provided by Modulr FS Limited, with Plum Fintech Limited acting as its distributor. Customers are being moved to the firm from October 2026. | Authority | Licence or registration | Number | Held | Status | Source | | --- | --- | --- | --- | --- | --- | | Financial Conduct Authority United Kingdom | Authorised Electronic Money Institution | 1023776 | In its own name | Active | — | 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/plum-fintech-payments-limited-2541ca427ef0#overview-sources) - **Safeguarding:** Segregated safeguarding accountsThe firm states that it safeguards e-money in one or more segregated bank accounts, kept separate from its own funds, as the Electronic Money Regulations 2011 require. E-money is not covered by the FSCS. [withplum.com ↗](https://withplum.com/legal/money-protections) 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/plum-fintech-payments-limited-2541ca427ef0#overview-sources) - E-money wallet - Domestic payments The firm issues the e-money held in the Plum Wallet (Primary Pocket), the account in the Plum app into which customers' money is paid and from which it is withdrawn. Savings, ISA and investment products in the app are provided by partner banks and by the group company Saveable Limited. The firm serves UK retail customers of the Plum app under its FCA authorisation. - **Sells to:** Consumers - **Serves customers in:** United Kingdom - **Latest funding round:** Series B · GBP 13.4m Mar 2025 [fintechfutures.com ↗](https://www.fintechfutures.com/venture-capital-funding/uk-money-management-app-plum-raises-16-1m-investment) ## Leadership Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/plum-fintech-payments-limited-2541ca427ef0#overview-sources) - **Chief executive:** Victor Trokoudes Founder and CEO, Plum (group level) Confirmed 10 Dec 2025 · [financialit.net ↗](https://financialit.net/news/digital-banking/smart-money-app-plum-granted-emi-licence) ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/plum-fintech-payments-limited-2541ca427ef0#overview-sources) 1. Jul 2026 Other Plum announced that the firm would replace Modulr FS Limited as e-money provider for the Plum Wallet, with migration starting in October 2026. [help.withplum.com ↗](https://help.withplum.com/en/articles/15924005-new-electronic-money-issuer) 2. Nov 2025 Licence The FCA authorised the firm as an electronic money institution under firm reference number 1023776. [cityam.com ↗](https://www.cityam.com/exclusive-uk-fintech-plum-secures-e-money-licence-from-city-watchdog/) 3. Mar 2025 Funding The Plum group raised GBP 13.4 million in a Series B round and GBP 2.7 million through crowdfunding on Crowdcube. [fintechfutures.com ↗](https://www.fintechfutures.com/venture-capital-funding/uk-money-management-app-plum-raises-16-1m-investment) 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-EMI:** 1023776 - **BIC:** Holds no BIC in Swift’s directory - **LEI:** No LEI mapped - **Companies House no.:** [15660845 ↗](https://find-and-update.company-information.service.gov.uk/company/15660845) - **Elucidate firm ID:** 2541ca427ef0 ## Profile - **Type:** Payments & e-money - **Regulation:** Prudential licence - **Main licence class:** E-Money / Stored Value Institution - **Activities:** - Payment services - E-money / stored value - **Licensed in:** [United Kingdom](https://elucidate.co/directory/country/gb) · Europe & Central Asia - **First registered:** 2025-11-27 - **Website:** [www.withplum.com ↗](https://www.withplum.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 [15660845 ↗](https://find-and-update.company-information.service.gov.uk/company/15660845) · as at 9 October 2026 Companies House lists 1 person with significant control for Plum Fintech Payments Limited: 1 company. | Name | Type | Nature of control | Notified | | --- | --- | --- | --- | | [Plum Fintech Limited ↗](https://find-and-update.company-information.service.gov.uk/company/09952199) | Company · UK | 75–100% of shares · 75–100% of votes · Can appoint or remove directors | 19 April 2024 | | Plum Fintech Limited: 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/15660845/persons-with-significant-control) ## Addresses - **Address on the register:** Floor 2, 2-7 Clerkenwell Green, London, EC1R 0DE - **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 one address line ```xml PLUM FINTECH PAYMENTS LIMITED EC1R 0DE London GB Floor 2, 2-7 Clerkenwell Green ``` 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-EMI →](https://elucidate.co/directory/register/fca-emi) 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 - E-Money Institutions**—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.