---
title: "Prune Payments LTD SWIFT/BIC code ARPYGB21XXX · United Kingdom | Elucidate"
description: "Licensed in the United Kingdom: Authorised Payment Institution (FCA). SWIFT/BIC code ARPYGB21XXX for Prune Payments LTD, United Kingdom. Head-office BIC."
url: https://elucidate.co/directory/prune-payments-ltd-arpygb21
---
1. [Directory](https://elucidate.co/directory)
2. [United Kingdom](https://elucidate.co/directory/country/gb)
3. Prune Payments LTD
United Kingdom · Payments & e-money
# Prune Payments LTD
Prune Payments Ltd is a private limited company registered in England and Wales and based in London. The Financial Conduct Authority (FCA) authorises it as an authorised payment institution under the Payment Services Regulations 2017, reference 670226. Companies House lists Toyeeb Ibitade Ibrahim as its person with significant control, holding 75% or more of the shares. Under the Prune brand it offers international money transfers and currency conversion through an app, mainly from the UK to Nigeria, as well as payout services for businesses. The company was incorporated in 2011 as MB Transfers Ltd, renamed ArcaPay Ltd in 2016 and renamed Prune Payments Ltd in January 2024.
Register status
Licensed in the United Kingdom
Authorised Payment Institution · FCA
Prudential licence
[1 licence or registration ↓](https://elucidate.co/directory/prune-payments-ltd-arpygb21#licences)
BIC **ARPYGB21XXX** LEI **[549300ERHJE9WU0EIK44](https://search.gleif.org/#/record/549300ERHJE9WU0EIK44)** [Licence no. **670226**](https://elucidate.co/directory/prune-payments-ltd-arpygb21#licences) Passive participant (no connection) Head-office BIC only [Claim this profile](https://elucidate.co/directory/prune-payments-ltd-arpygb21#claim)
## Licences and registrations
Held by Prune Payments LTD (LEI 549300ERHJE9WU0EIK44). 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 Linked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised Payment InstitutionPayment Institution | 670226 | [United Kingdom](https://elucidate.co/directory/country/gb) | Active | 2018-04-18 | — | - Payment services | [Search the register ↗](https://register.fca.org.uk/s/) |
- 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.
### Other register entries with this LEI
Shown for reference: they share the LEI but are not merged into this page
- [MB Transfers Ltd No BIC Payments & e-money Small-firm registration Inactive since 7 October 2015 United Kingdom · Registered with FCA · 595905 (FCA-PSD) · LEI 549300ERHJE9WU0EIK44 (also mapped to a BIC) LEI matched by Elucidate to GLEIF on name and country only. Not merged: the register name differs from the name on this BIC.](https://elucidate.co/directory/mb-transfers-ltd-d3be83cce48a)
## Swift network
Swift’s ISO 9362 BIC directory
- **BIC:** ARPYGB21XXX head office
- **Connection to Swift:** Passive participant (no connection)
- **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:** 2018-05-05
- **Last updated:** 2024-01-12
## Overview
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/prune-payments-ltd-arpygb21#overview-sources)
Customers
Not published
Employees
Not published
headcount · This entity · 31 Dec 2025 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/07762021/filing-history/MzUzNTQ0MzE0M2FkaXF6a2N4/document?format=pdf&download=0)
Ownership
Privately held
Firm type
Money remittance
Trades as Prune
- **Standing:** The firm was renamed from ArcaPay Ltd to Prune Payments Ltd on 8 January 2024, after a change of control on 1 December 2023. Its audited accounts for 2025 disclose a material uncertainty that may cast significant doubt on its ability to continue as a going concern.
- **Ownership:** Companies House records Toyeeb Ibitade Ibrahim as holding 75% or more of the shares since 1 December 2023. On that date Arcapay Holdings Limited stopped being the person with significant control.
- **Major shareholder:** Toyeeb Ibitade Ibrahim
- **Head office:** 35-37 Ludgate Hill, Office 7, EC4M 7JN London, United Kingdom
- **Company register:** Companies House 07762021
- **Incorporated:** 5 Sep 2011
- **Former names:** ARCAPAY LTD · MB TRANSFERS LTD
### Online
- **Websites & references:** [prunepayments.com ↗](https://prunepayments.com/) [app.prunepayments.com ↗](https://app.prunepayments.com/signupRoute/signup.html) web app sign-up page, linked from the homepage in place of app-store links
- **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/prunepaymentsltd/) · [X ↗](https://x.com/PrunePayments) · [Facebook ↗](https://web.facebook.com/people/Prunefinance/61569310402961/) · [Instagram ↗](https://www.instagram.com/prune_payments/) · [TikTok ↗](https://www.tiktok.com/@prunepayments)
Sources · 12 pages consulted
1. [find-and-update.company-information.service.gov.uk/company/07762021](https://find-and-update.company-information.service.gov.uk/company/07762021)
2. [find-and-update.company-information.service.gov.uk/company/07762021/officers](https://find-and-update.company-information.service.gov.uk/company/07762021/officers)
3. [find-and-update.company-information.service.gov.uk/company/07762021/persons-with-significant-control](https://find-and-update.company-information.service.gov.uk/company/07762021/persons-with-significant-control)
4. [find-and-update.company-information.service.gov.uk/company/07762021/filing-history](https://find-and-update.company-information.service.gov.uk/company/07762021/filing-history)
5. [find-and-update.company-information.service.gov.uk/company/07762021/filing-history/MzUzNTQ0MzE0M2FkaXF6a2N4/document?format=pdf&download=0](https://find-and-update.company-information.service.gov.uk/company/07762021/filing-history/MzUzNTQ0MzE0M2FkaXF6a2N4/document?format=pdf&download=0)
6. [prunepayments.com/](https://prunepayments.com/)
7. [prunepayments.com/terms-and-conditions](https://prunepayments.com/terms-and-conditions)
8. [prunepayments.com/about-us](https://prunepayments.com/about-us)
9. [cbn.gov.ng/PaymentsSystem/InternationalMoneyTransferOperators.html](https://www.cbn.gov.ng/PaymentsSystem/InternationalMoneyTransferOperators.html)
10. [techpoint.africa/news/leatherback-founder-resurfaces-with-rival-fintech-startup/](https://techpoint.africa/news/leatherback-founder-resurfaces-with-rival-fintech-startup/)
11. [techcabal.com/2024/10/25/ibrahim-ibitade-leatherback-exit-and-efcc/](https://techcabal.com/2024/10/25/ibrahim-ibitade-leatherback-exit-and-efcc/)
12. [techcabal.com/2023/11/17/efcc-declares-ibrahim-toyeeb-ibitade/](https://techcabal.com/2023/11/17/efcc-declares-ibrahim-toyeeb-ibitade/)
## Authorisation
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/prune-payments-ltd-arpygb21#overview-sources)
- **Operates under:** Its own licences
The FCA authorises the firm as an authorised payment institution under the Payment Services Regulations 2017, reference 670226. The firm also says it holds a Polish small payment institution status and a Central Bank of Nigeria licence as an international money transfer operator (IMTO), but neither could be confirmed for this entity.
| Authority | Licence or registration | Number | Held | Status | Source |
| --- | --- | --- | --- | --- | --- |
| Financial Conduct Authority United Kingdom | Authorised Payment Institution | 670226 | In its own name | Active | [register.fca.org.uk ↗](https://register.fca.org.uk/s/firm?id=001b000000k208LAAQ) |
| HM Revenue & Customs United Kingdom | Money service business registration (described by the firm as licensed money transmitter) | XBML00000150442 | In its own name | Status unconfirmed | — |
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/prune-payments-ltd-arpygb21#overview-sources)
- **Safeguarding:** Segregated safeguarding accountsThe firm states that it safeguards customer money in dedicated client money accounts held with commercial or central banks, kept separate from its own money. It does not name the banks. [prunepayments.com ↗](https://prunepayments.com/terms-and-conditions)
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/prune-payments-ltd-arpygb21#overview-sources)
- International money transfer
- FX conversion
- Payouts and mass payments
It offers app-based remittances with currency conversion, mainly from GBP to Nigeria, and payouts and virtual account issuance for businesses. It pays customer rewards on transfers.
It serves senders in the UK under its FCA authorisation. Its website says it is starting in Nigeria and plans to expand to other markets.
- **Revenue:** GBP 306,256This entity · 31 Dec 2025 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/07762021/filing-history/MzUzNTQ0MzE0M2FkaXF6a2N4/document?format=pdf&download=0)
- **Sells to:** Consumers · Small businesses
- **Serves customers in 2 countries:** United Kingdom · Nigeria
## Leadership
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/prune-payments-ltd-arpygb21#overview-sources)
- **Executive:** Toyeeb Ibitade Ibrahim Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/07762021/officers)
- **Executive:** Abdulaziz Muyiwa Ibraheem Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/07762021/officers)
- **Executive:** Kabir Adeyemi Ibraheem Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/07762021/officers)
- **Executive:** Bilkis Omolola Simisola Lawal Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/07762021/officers)
## Recent events
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/prune-payments-ltd-arpygb21#overview-sources)
1. Sep 2026
Funding
The firm allotted new shares on 15 September 2026, raising its stated share capital to GBP 989,437 from GBP 120,000.
[find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/07762021/filing-history)
2. May 2026
Other
The directors approved 2025 accounts showing revenue of GBP 306,256, a loss of GBP 43,252 and a material going-concern uncertainty.
[find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/07762021/filing-history/MzUzNTQ0MzE0M2FkaXF6a2N4/document?format=pdf&download=0)
3. Feb 2025
Other
Techpoint Africa reported that Ibrahim Ibitade, former chief executive of Leatherback, had launched Prune Payments as a cross-border payments company.
[techpoint.africa ↗](https://techpoint.africa/news/leatherback-founder-resurfaces-with-rival-fintech-startup/)
4. Mar 2024
Leadership
Toyeeb Ibitade Ibrahim became a director on 1 March 2024. Long-standing director Marius Bausys resigned on 2 March 2024.
[find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/07762021/officers)
5. Jan 2024
Other
The company changed its name from ArcaPay Ltd to Prune Payments Ltd on 8 January 2024.
[find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/07762021)
6. Dec 2023
Merger / acquisition
Control passed on 1 December 2023 from Arcapay Holdings Limited to Toyeeb Ibitade Ibrahim, who holds 75% or more of the shares.
[find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/07762021/persons-with-significant-control)
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:** ARPYGB21XXX
- **How the BIC breaks down:** 1. ARPY Bank 2. GB Country · United Kingdom 3. 21 Location · passive 4. XXX Branch · head office
- **Branch description:** Not recorded in the directory
- **LEI:** 549300ERHJE9WU0EIK44
- **LEI record:** [View on GLEIF ↗](https://search.gleif.org/#/record/549300ERHJE9WU0EIK44)
- **Licence no. · FCA-PSD:** 670226
- **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:** 0087cf55594b
## Profile
- **Type:** Payments & e-money
- **Regulation:** Prudential licence
- **Register licences:** [1 entry on 1 register](https://elucidate.co/directory/prune-payments-ltd-arpygb21#licences)
- **Activities:** - Payment services
- **Licensed in:** [United Kingdom](https://elucidate.co/directory/country/gb)
- **Website (register):** [www.prunepayments.com.com ↗](https://www.prunepayments.com.com/)
- **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:** 35-37 LUDGATE HILL OFFICE 7 LONDON EC4M 7JN UNITED KINGDOM
- **Operational address:** 35-37 LUDGATE HILL OFFICE 7 LONDON LONDON EC4M 7JN 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+:** Debtor agent, creditor agent or an intermediary agent
### CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
```xml
ARPYGB21XXX
549300ERHJE9WU0EIK44
```
### 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
```xml
ARPYGB21XXX
549300ERHJE9WU0EIK44
PRUNE PAYMENTS LTD
LONDON
GB
35-37 LUDGATE HILL OFFICE 7 LONDON EC4M 7JN
```
This BIC is not connected to Swift. Messages reach the institution through a correspondent bank, so it cannot be the instructing or instructed agent.
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.
## 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)
Claim this profile
## Work at Prune Payments LTD?
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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 →](https://elucidate.co/directory/methodology)
Credits for this page
- **FCA Financial Services Register - Payment Institutions & RAISPs**—Financial Conduct Authority (FCA) · [register ↗](https://register.fca.org.uk/s/) 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.
- **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: [prunepayments.com](https://prunepayments.com/) (official website) · [original](https://prunepayments.com/_next/static/media/logo-with-text.03c9df32.svg).
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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.