United Kingdom · Payments & e-money
Rightcard Payment Services Limited
Rightcard Payment Services Limited is a private limited company registered in England and Wales, with its head office in London. The FCA has authorised it as an electronic money institution since 4 April 2018 (reference 900424). It trades as LemFi and provides the LemFi account in the United Kingdom. Its terms name LemFi Technology Inc as its parent company, and the LemFi group acquired the firm in 2022. It offers consumers GBP e-money wallets, currency conversion and international money transfers to countries in Africa, Asia, Europe and South America.
Licences and registrations
Held by Rightcard Payment Services Limited (LEI 894500OHSIV160RQ7L72). 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 | 900424 | United Kingdom | Active | 2018-04-04 | — |
|
Search the register ↗ |
Trading names on the register: Lemfi (FCA-EMI)
- 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
- RIPEGB21XXX head office
- Connection to Swift
- Passive participant (no connection)This BIC is registered for identification only. The institution has no direct connection to the Swift network. Messages and payments reach it through a correspondent bank. The “1” in the eighth character of RIPEGB21 marks a passive participant.
- 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
- 2019-03-02
- Last updated
- 2019-03-02
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Group subsidiary
LemFi Technology Inc
Firm type
Money remittance
Trades as LemFi
- Standing
- On 29 September 2026, Companies House showed the firm's accounts as overdue. The next accounts, to 31 December 2023, were due by 31 December 2024, and the last accounts filed run to 31 December 2022. Companies House started compulsory strike-off action on 4 March 2025 and discontinued it on 8 March 2025.
- Ownership
- The firm's terms name LemFi Technology Inc (formerly described as Lemonade Technology Inc.) as its parent company. Companies House lists Ridwan Akangbe Olalere as the only person with significant control, through significant influence or control.
- Direct parent
- LemFi Technology Inc
- Head office
- The Jellicoe, 5 Beaconsfield Street, N1C 4EW London, United Kingdom
- Company register
- Companies House 09163262
- Incorporated
- 5 Aug 2014
Online
- Websites & references
- lemfi.com ↗
support.lemfi.com ↗ help centre
blog.lemfi.com ↗ blog and newsroom
trust.lemfi.com ↗ security trust centre - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗ · YouTube ↗
Sources · 14 pages consulted
- register.fca.org.uk/s/firm?id=001b000002e98w2AAA
- find-and-update.company-information.service.gov.uk/company/09163262
- find-and-update.company-information.service.gov.uk/company/09163262/officers
- find-and-update.company-information.service.gov.uk/company/09163262/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/09163262/filing-history
- lemfi.com/en-gb/
- lemfi.com/en-gb/legal/terms
- support.lemfi.com/hc/en-us/articles/4420272430481-Who-We-Are
- clear.bank/learn/news/clearbank-lemfi-join-forces-take-on-challenges-of-international-payments
- clear.bank/learn/news/lemfi-launches-instant-access-savings-accounts
- highlandeurope.com/lemfi-has-secured-53m-in-series-b-funding-led-by-highland-europe/
- blog.lemfi.com/product-update/central-bank-of-nigeria-grants-us-an-imto-license-as-a-remittance-provider
- techcabal.com/2026/09/22/lemfi-appoints-dr-haydar-daudu-as-head-of-regulatory-affairs-and-policy-west-a
- businesscloud.co.uk/news/fintech-lemfi-to-invest-100m-in-uk-as-it-opens-global-hq/
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FCA authorises the firm as an electronic money institution under the Electronic Money Regulations 2011 (reference 900424) to issue e-money and provide payment services. LemFi has announced that the Central Bank of Nigeria granted the firm an International Money Transfer Operator (IMTO) licence in 2023.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Electronic Money Institution | 900424 | In its own name | Active | register.fca.org.uk ↗ |
| Central Bank of Nigeria Nigeria | International Money Transfer Operator (IMTO) licence | — | In its own name | Status unconfirmed | blog.lemfi.com ↗ |
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 it keeps an amount equal to customers' e-money balances in segregated bank accounts with tier 1 banks, which hold only client money. It states that NGN accounts are held by Nigerian providers and are not safeguarded under UK rules.
- Settlement bank · Deposit-holding bank
- ClearBank United Kingdom
- Deposit-holding bank
- Lemmy Microfinance Bank Nigeria
- Deposit-holding bank
- Pagatech Nigeria
- Payment schemes and card networks
- Faster Payments Through a partner clear.bank ↗
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 GBP e-money wallets and currency conversion to UK-resident consumers, many of them immigrants. It sends money to more than 30 countries, including Nigeria, Ghana, Kenya, India, Pakistan and China. Its app also gives access to NGN accounts held by Pagatech or Lemmy Microfinance Bank, and to an Instant Access Savings Account held with ClearBank.
It serves customers in the United Kingdom under its FCA authorisation. Other LemFi group entities serve the United States, Canada, Australia and the EEA.
- Sells to
- Consumers
- Serves customers in
- United Kingdom
- Latest funding round
- Series B · USD 53m Jan 2025Led by Highland Europe
- Total raised
- USD 85m to Jan 2025 · highlandeurope.com ↗
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Ridwan Olalere Co-founder and CEO, LemFi (group)
- Chief financial officer
- Rian Philip Cochran Director; co-founder and CFO, LemFi (group)
- Executive
- Semiu Abiodun Olugbokiki Director
- Executive
- Rebeca Wignall Benitez Company secretary
Recent events
Researched 29 Sep 2026 · Sources
-
Other
The firm filed a statement of capital showing issued share capital of GBP 40,096,574 after allotting shares on 30 June 2026.
find-and-update.company-information.service.gov.uk ↗ -
Leadership
Ridwan Olalere stepped down as a director of the firm on 12 June 2026. He remains co-founder and CEO of the LemFi group.
find-and-update.company-information.service.gov.uk ↗ -
Other
The LemFi group named London its global headquarters and pledged to invest GBP 100 million in the UK over five years.
businesscloud.co.uk ↗ -
Other
The firm moved its registered office from Maidstone to The Jellicoe, 5 Beaconsfield Street, London N1C 4EW.
find-and-update.company-information.service.gov.uk ↗ -
Other
Companies House published a first Gazette notice for compulsory strike-off on 4 March 2025 and discontinued the action on 8 March 2025.
find-and-update.company-information.service.gov.uk ↗ -
Funding
The LemFi group raised USD 53 million in a Series B round led by Highland Europe.
highlandeurope.com ↗ -
Other
ClearBank announced that it provides agency banking services for LemFi's UK e-wallet offering.
clear.bank ↗ -
Licence
LemFi announced that the Central Bank of Nigeria had granted the firm an International Money Transfer Operator licence.
blog.lemfi.com ↗
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
- RIPEGB21XXX
- How the BIC breaks down
- RIPEBank
- GBCountry · United Kingdom
- 21Location · passive
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 894500OHSIV160RQ7L72
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-EMI
- 900424
- 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
- 5203104ef57f
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)
- www.lemfi.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
- CUMBERLAND HOUSE SUITE 306 FLOOR 3 80 SCRUBS LANE LONDON NW10 6RF UNITED KINGDOM
- Operational address
- CUMBERLAND HOUSE SUITE 306 FLOOR 3 80 SCRUBS LANE LONDON LONDON NW10 6RF 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
<FinInstnId>
<BICFI>RIPEGB21XXX</BICFI>
<LEI>894500OHSIV160RQ7L72</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>RIPEGB21XXX</BICFI>
<LEI>894500OHSIV160RQ7L72</LEI>
<Nm>RIGHTCARD PAYMENT SERVICES LIMITED</Nm>
<PstlAdr>
<TwnNm>LONDON</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>CUMBERLAND HOUSE SUITE 306 FLOOR 3 80 SCRUBS LANE LONDON NW10 6RF</AdrLine>
</PstlAdr>
</FinInstnId>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.
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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.
- 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: lemfi.com (official website).
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