United Kingdom · Payments & e-money
Practika Finance LTD
Practika Finance Ltd is a private limited company incorporated in England in September 2019, with its registered office in London. The FCA has authorised it as an electronic money institution (reference 901061) since 8 July 2020. Companies House records its sole director, Renat Fasilov, as holding 75% or more of its shares. Under the Practika brand it offers multi-currency e-money accounts with dedicated IBANs and a mass payment service to businesses and individuals, and it states that some accounts and services are provided as a distributor of Airwallex (UK) Limited.
Licences and registrations
Held by Practika Finance LTD (LEI 21380055QW99UJMWYV65). 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 | 901061 | United Kingdom | Active | 2020-07-08 | — |
|
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.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- PRTFGB22XXX 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 PRTFGB22 marks reverse billing.
- 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
- 2022-06-04
- Last updated
- 2023-07-30
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Privately held
Firm type
E-money and accounts
Trades as Practika
- Ownership
- Companies House records director Renat Fasilov as the only person with significant control, holding 75% or more of the shares and voting rights.
- Major shareholder
- Renat Fasilov
- Head office
- 167–169 Great Portland Street, Fifth Floor, W1W 5PF London, United Kingdom
- Company register
- Companies House 12191299
- Incorporated
- 5 Sep 2019
Online
- Websites & references
- practika.net ↗
app.practika.net ↗ client log-in and account-opening platform - Official social accounts
- LinkedIn ↗ · Facebook ↗ · Instagram ↗ · Telegram ↗
Sources · 10 pages consulted
- find-and-update.company-information.service.gov.uk/company/12191299
- find-and-update.company-information.service.gov.uk/company/12191299/officers
- find-and-update.company-information.service.gov.uk/company/12191299/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/12191299/filing-history
- find-and-update.company-information.service.gov.uk/company/12191299/filing-history/MzUyNDExMjA2OGFkaXF6a2N4/document?format=pdf&download=0
- fsc.gi/regulated-entity/practika-finance-ltd-27652
- practika.net/en/contact-us
- practika.net/en/products/dedicated-iban-accounts
- practika.net/en/agents
- practika.net/en/documents/terms-and-conditions
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Several models
- Licensed firm it operates under
- Airwallex (UK) Limited, United Kingdom distributor for some accounts and services
The FCA authorises the firm as an electronic money institution, reference 901061, since 8 July 2020. The firm states that some accounts and services are provided as a distributor of Airwallex (UK) Limited, an electronic money institution authorised by the FCA (reference 900876).
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Electronic Money Institution | 901061 | In its own name | Active | register.fca.org.uk ↗ |
| Gibraltar Financial Services Commission Gibraltar | Incoming services from the United Kingdom (issuing electronic money; payment services 3, 5 and 6) | — | Exemption | Active | fsc.gi ↗ |
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 client funds are safeguarded in a dedicated account held with an authorised credit institution, which it does not name, and that the Financial Services Compensation Scheme (FSCS) does not apply.
- Payment schemes and card networks
- Swift Access not stated practika.net ↗
SEPA Credit Transfer Access not stated practika.net ↗
Faster Payments Access not stated practika.net ↗
Bacs Access not stated practika.net ↗
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 offers e-wallets and dedicated IBAN accounts in EUR, USD and GBP with Swift, SEPA, Faster Payments and BACS transfers, plus a mass payment service and an agent referral programme.
It operates from the UK under its FCA authorisation, and the Gibraltar Financial Services Commission lists it as permitted to provide incoming e-money and payment services into Gibraltar from the UK.
- Revenue
- GBP 488,097
- Sells to
- Small businesses · Consumers
- Serves customers in
- United Kingdom
Leadership
Researched 29 Sep 2026 · Sources
- Executive
- Renat Fasilov Director
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The firm moved its registered office from Hatton Garden to 167–169 Great Portland Street, London, on 13 January 2026.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
Director Erhan Tetik resigned on 15 April 2024, leaving Renat Fasilov as the sole director.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
Andra Locika resigned as a director and the firm appointed Erhan Tetik as a director on 9 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
- PRTFGB22XXX
- How the BIC breaks down
- PRTFBank
- GBCountry · United Kingdom
- 22Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 21380055QW99UJMWYV65
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-EMI
- 901061
- 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
- 51d76113b5c7
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
- Website (register)
- practika.net ↗
- 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.
Addresses
- Registered address
- 63-66 HATTON GARDEN SUITE 23 FLOOR 5 LONDON EC1N 8LE UNITED KINGDOM
- Operational address
- CANBURY BUSINESS PARK OFFICE 6 AND 7 ELM CRESCENT KINGSTON- UPON- THAMES KINGSTON- UPON- THAMES KT2 6HL UNITED KINGDOM
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>PRTFGB22XXX</BICFI>
<LEI>21380055QW99UJMWYV65</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>PRTFGB22XXX</BICFI>
<LEI>21380055QW99UJMWYV65</LEI>
<Nm>PRACTIKA FINANCE LTD</Nm>
<PstlAdr>
<Ctry>GB</Ctry>
<AdrLine>63-66 HATTON GARDEN SUITE 23 FLOOR 5 LONDON EC1N 8LE</AdrLine>
</PstlAdr>
</FinInstnId>Swift’s two address fields do not agree on a town, so the full record gives the address as address lines only.
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
- 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.
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