United Kingdom · Payments & e-money
Safenetpay Services Company LTD
Safenetpay Services Company Ltd is a private limited company registered in England and Wales, with its head office in London. The FCA authorises the firm as an electronic money institution under firm reference number 927601. It trades as Moneff and offers multi-currency e-money accounts, international transfers, currency exchange and Mastercard debit cards to small businesses and individuals. Its director Sanjar Mavlyanov holds 56% of its shares, and the firm wholly owns Safenetpay ApS, a Danish e-money institution that serves EEA customers.
Licences and registrations
Held by Safenetpay Services Company LTD (LEI 7890002IF5KQDWRMDI33). 2 entries on 2 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 | 927601 | United Kingdom | Active | 2020-08-17 | — |
|
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| FCA Financial Services Register - Payment Institutions & RAISPsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised Payment InstitutionPayment Institution | 795257 | United Kingdom | Cancelled - Authorised PI | — | Ended 2020-08-17 |
|
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Trading names on the register: Safenetpay (FCA-EMI, FCA-PSD), Moneff (FCA-EMI, FCA-PSD)
- 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
- SAEYGB23XXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under SAEYGB23 directly.
- 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
- Other BIC with this LEI
- SAEYGB22
- BIC first registered
- 2025-04-05
- Last updated
- 2025-04-05
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Privately held
Firm type
E-money and accounts
Trades as Moneff
- Standing
- The firm has traded as Moneff since October 2022, when it dropped the Safenetpay brand, and its legal name is unchanged. According to a Financial Ombudsman Service decision, the FCA placed operational limitations on the firm in November 2022. The decision says these were lifted in late 2023.
- Ownership
- Director Sanjar Mavlyanov holds 56% of the share capital and is its controlling party, and co-founder Dilshod Mikhmanov holds more than 25% but not more than 50%.
- Major shareholders
- Sanjar Mavlyanov 56% · 30 Jun 2025
Dilshod Mikhmanov - Head office
- First floor, Sierra Quebec Bravo, 77 Marsh Wall, E14 9SH London, United Kingdom
- Company register
- Companies House 10259575
- Incorporated
- 1 Jul 2016
- Founders
- Sanjar Mavlyanov · Dilshod Mikhmanov
Online
- Websites & references
- moneff.com ↗
safenetpay.com ↗ former domain (Safenetpay brand), now serves Moneff pages
help.moneff.com ↗ help centre - Official social accounts
- LinkedIn ↗ · X ↗ · Facebook ↗ · Instagram ↗
- Apps
- App Store ↗ · Google Play ↗
Sources · 13 pages consulted
- find-and-update.company-information.service.gov.uk/company/10259575
- find-and-update.company-information.service.gov.uk/company/10259575/officers
- find-and-update.company-information.service.gov.uk/company/10259575/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/10259575/filing-history
- find-and-update.company-information.service.gov.uk/company/10259575/filing-history/MzUzMDMzMDM5MGFkaXF6a2N4/document?format=pdf&download=0
- moneff.com/
- safenetpay.com/about
- moneff.com/eu/en/legal/terms-and-conditions
- finanstilsynet.dk/tilsyn/inspektion-og-afgoerelser/2026/feb/inspektion-i-safenetpay-aps
- finanstilsynet.dk/tilsyn/inspektion-og-afgoerelser/2023/jul/safenetpay_030723
- fma.gv.at/en/update-regarding-the-authorisation-of-safenetpay-aps/
- financial-ombudsman.org.uk/decision/DRN-5012057.pdf
- prnewswire.co.uk/news-releases/safenetpay-changes-its-name-to-moneff-301640604.html
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FCA authorises the firm as an electronic money institution (firm reference number 927601), a status it has held since 17 August 2020. Before that the FCA had authorised it as a payment institution (reference 795257).
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority (FCA) United Kingdom | Authorised Electronic Money Institution | 927601 | In its own name | Active | register.fca.org.uk ↗ |
| Financial Conduct Authority (FCA) United Kingdom | Authorised Payment Institution (cancelled 17 August 2020 on authorisation as an EMI) | 795257 | In its own name | Withdrawn or expired | — |
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 accountsAccording to its audited accounts, the firm holds client funds in designated safeguarding accounts under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011, separate from its own funds. These funds totalled GBP 15.9 million at 30 June 2025.
- Payment schemes and card networks
- Mastercard Access not stated moneff.com ↗
Swift Direct
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
Under the Moneff brand it offers e-money accounts in GBP, EUR, USD, DKK, NOK, SEK and CHF, international transfers and Mastercard debit cards. Its website also promotes a transfer service to Uzbekistan.
The firm serves UK customers under its FCA authorisation, while EEA customers of the Moneff brand contract with its Danish subsidiary Safenetpay ApS.
- Revenue
- GBP 1.59m
- Sells to
- Small businesses · Consumers
- Serves customers in
- United Kingdom
Leadership
Researched 29 Sep 2026 · Sources
- Founder
- Sanjar Mavlyanov Director
- Founder
- Dilshod Mikhmanov Director
- Executive
- John Duncan Burns Director
Recent events 2 enforcement or investigation items
Researched 29 Sep 2026 · Sources
-
Enforcement
The Danish FSA published an inspection report on subsidiary Safenetpay ApS and issued orders on governance, intra-group outsourcing, financial reporting and AML procedures.
finanstilsynet.dk ↗ -
Leadership
The firm appointed John Duncan Burns as a director on 30 June 2025.
find-and-update.company-information.service.gov.uk ↗ -
Funding
The firm issued 10,000 ordinary shares for GBP 150,000 in cash, according to its filed accounts.
find-and-update.company-information.service.gov.uk ↗ -
Licence
The Danish Commerce and Companies Appeals Board sent the Danish FSA's July 2023 revocation of subsidiary Safenetpay ApS's licence back for review. The subsidiary kept its licence.
finanstilsynet.dk ↗ -
Enforcement
According to a Financial Ombudsman Service decision, the FCA lifted in late 2023 the operational limitations it had placed on the firm in November 2022.
financial-ombudsman.org.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
- SAEYGB23XXX
- How the BIC breaks down
- SAEYBank
- GBCountry · United Kingdom
- 23Location
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 7890002IF5KQDWRMDI33
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-EMI
- 927601
- Licence no. · FCA-PSD
- 795257
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.Register entries: Matched by Elucidate on the UK company number the register gives.
- Register-entry ID
- 2bf77d06b752
- Companies House no.
- 10259575 ↗
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
- 2 entries on 2 registers
- Activities
- Payment services
- E-money / stored value
- Licensed in
- United Kingdom
- 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.
Persons with significant control
Companies House · company 10259575 ↗ · as at 9 October 2026
Companies House lists 2 persons with significant control for Safenetpay Services Company Ltd: 2 individuals.
| Name | Type | Nature of control | Notified |
|---|---|---|---|
| Dilshod Mikhmanov | Individual | 25–50% of shares · 25–50% of votes | 19 August 2019 |
| Sanjar Mavlyanov | Individual | 50–75% of shares · 50–75% of votes · Can appoint or remove directors | 1 May 2017 |
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 ↗Addresses
- Registered address
- SIERRA QUEBEC BRAVO FLOOR 1ST 77 MARSH WALL LONDON E14 9SH UNITED KINGDOM
- Operational address
- SIERRA QUEBEC BRAVO FLOOR 1ST 77 MARSH WALL LONDON LONDON E14 9SH 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>SAEYGB23XXX</BICFI>
<LEI>7890002IF5KQDWRMDI33</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>SAEYGB23XXX</BICFI>
<LEI>7890002IF5KQDWRMDI33</LEI>
<Nm>SAFENETPAY SERVICES COMPANY LTD</Nm>
<PstlAdr>
<TwnNm>LONDON</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>SIERRA QUEBEC BRAVO FLOOR 1ST 77 MARSH WALL LONDON E14 9SH</AdrLine>
</PstlAdr>
</FinInstnId>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
- FCA Financial Services Register - Payment Institutions & RAISPs—Financial Conduct Authority (FCA) · register ↗ as at 25 September 2026
- Persons with significant control—Companies House · source ↗ 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.
- 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: moneff.com (official website).
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