United Kingdom · Payments & e-money
Sciopay LTD
Sciopay Ltd is a private limited company registered in England and Wales, with its head office in London. The Financial Conduct Authority (FCA) authorises it as an authorised payment institution. HM Revenue & Customs (HMRC) supervises it as a money service business. Its terms describe it as a wholly owned subsidiary of Scio Group Limited. It provides foreign exchange spot and forward contracts, multi-currency settlement accounts, local settlement and mass payments. It sells these to business and private customers, often through FX brokers and other introducers who offer the platform under their own brand.
Licences and registrations
Held by Sciopay LTD (LEI 213800YBJ1NPJ6R8G216). 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 - Payment Institutions & RAISPsFCALinked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised Payment InstitutionPayment Institution | 927951 | United Kingdom | Active | 2021-02-16 | — |
|
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| HMRC MLR Supervised Business RegisterHMRCLinked by LEI. Matched by Elucidate on the UK company number the register gives. | Money Service BusinessMoney Transmitter / Remittance | XCML00000151326 | United Kingdom | Active | 2020-09-07 | — |
|
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- 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
- SCOYGB22XXX 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 SCOYGB22 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
- 2024-04-10
- Last updated
- 2024-04-10
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Ownership
Group subsidiary
100% Scio Group Ltd
Firm type
FX and business payments
Trades as sciopay
- Ownership
- Scio Group Ltd (Companies House 12540309) owns the firm, and its terms describe it as a wholly owned subsidiary.
- Direct parent
- Scio Group Ltd, United Kingdom 100%
- Head office
- Moor Place, 1 Fore Street Avenue, EC2Y 9DT London, United Kingdom (registered office: 128 City Road, London, United Kingdom, EC1V 2NX)
- Company register
- Companies House 12352935
- Incorporated
- 6 Dec 2019
- Founders
- Daryl Blake · Saqib Mirza · Stuart Young
Online
- Websites & references
- sciopay.co ↗
- Official social accounts
- LinkedIn ↗
Sources · 12 pages consulted
- find-and-update.company-information.service.gov.uk/company/12352935
- find-and-update.company-information.service.gov.uk/company/12352935/officers
- find-and-update.company-information.service.gov.uk/company/12352935/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/12352935/filing-history
- find-and-update.company-information.service.gov.uk/company/12352935/filing-history/MzUxMDEwNzU2M2FkaXF6a2N4/document?format=pdf&download=0
- find-and-update.company-information.service.gov.uk/company/12540309
- sciopay.co/
- sciopay.co/legal/terms-and-conditions.html
- sciopay.co/assets/pdf/sciopay_terms&conditions_Jan2026.pdf
- sciopay.co/support/contact-us.html
- sciopay.co/platform/compliance-regulation.html
- uk.linkedin.com/company/sciopay
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The FCA authorises the firm as an authorised payment institution, permitted to carry out money remittance. HMRC supervises it as a money service business under the Money Laundering Regulations. Its terms state that introducers are not its agents.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised Payment Institution | 927951 | In its own name | Active | sciopay.co ↗ |
| HM Revenue & Customs United Kingdom | Money Service Business (Money Transmitter / Remittance) | XCML00000151326 | In its own name | Active | sciopay.co ↗ |
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 holds relevant funds for payment services in segregated bank accounts, separate from its own business accounts. It states that funds for commercial FX transactions and margin are likely to fall outside safeguarding.
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 a white-label platform for cross-border payments and FX. FX brokers, start-ups and other introducers offer it to their clients under their own brand, while the firm contracts with each client as principal.
It serves customers from the UK under its FCA authorisation. According to its website, it makes payments in more than 70 currencies to over 200 jurisdictions.
- Sells to
- Small businesses · Enterprises · Platforms and marketplaces · Consumers
- Serves customers in
- United Kingdom
Leadership
Researched 29 Sep 2026 · Sources
- Founder
- Daryl Blake Director
- Founder
- Saqib Mirza Director
- Founder
- Stuart Young Director
Recent events
Researched 29 Sep 2026 · Sources
The research found no fines, investigations, security incidents, licence changes or corporate events from the last three years.
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
- SCOYGB22XXX
- How the BIC breaks down
- SCOYBank
- GBCountry · United Kingdom
- 22Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 213800YBJ1NPJ6R8G216
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-PSD
- 927951
- Licence no. · HMRC-MLR
- XCML00000151326
- 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
- dceffe52f72a
Profile
- Type
- Payments & e-money · Money service businessPayment 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
- Money remittance
- 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.
Addresses
- Registered address
- 128 CITY ROAD LONDON EC1V 2NX UNITED KINGDOM
- Operational address
- 128 CITY ROAD LONDON LONDON EC1V 2NX 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>SCOYGB22XXX</BICFI>
<LEI>213800YBJ1NPJ6R8G216</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>SCOYGB22XXX</BICFI>
<LEI>213800YBJ1NPJ6R8G216</LEI>
<Nm>SCIOPAY LTD</Nm>
<PstlAdr>
<TwnNm>LONDON</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>128 CITY ROAD LONDON EC1V 2NX</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 - Payment Institutions & RAISPs—Financial Conduct Authority (FCA) · register ↗ as at 25 September 2026
- HMRC MLR Supervised Business Register—HM Revenue & Customs (HMRC) · register ↗ as at 24 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: sciopay.co (official website) · original.
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