Norway · Payments & e-money
Settle Group AS
Legal name in the LEI recordPLATA CAPITAL EUROPE AS
Plata Capital Europe AS, formerly Settle Group AS, is a Norwegian limited company based in Oslo. The Financial Supervisory Authority of Norway (Finanstilsynet) authorises it as an electronic money institution, and it passports this licence within the EEA. Sokin, a trading name of the UK-based Plata Capital group, announced in December 2024 that it had acquired the firm. Sokin uses the firm to provide its business accounts and payment services in the EEA. The firm previously operated the Settle mobile payments app, which was first launched in Norway as mCASH.
Licences and registrations
Held by Plata Capital Europe AS (LEI 549300J0YLPRCHNP5L73). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| EBA PSD2 RegisterThe Financial Authority of NorwayLinked by LEI. Matched by Elucidate to GLEIF on name, country and address. | Electronic money institutionE-Money / Stored Value InstitutionGLEIF legal name: PLATA CAPITAL EUROPE AS | 995073064 | Norway | Active | 2014-07-08 | — |
|
Search the register ↗ |
The register name differs from the legal name in GLEIF. This can follow a rename. Treat the LEI match as indicative.
- 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
- SEGPNOK2XXX 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 SEGPNOK2 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
- 2021-04-03
- Last updated
- 2021-04-03
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Group subsidiary
Plata Capital Ltd
Firm type
FX and business payments
Trades as Sokin
- Standing
- The firm was known as Settle Group AS until Sokin acquired it in December 2024, and it now trades as Plata Capital Europe AS. Sokin states that it provides its services in the EEA through this firm.
- Ownership
- The firm belongs to the Plata Capital group, which trades as Sokin and announced the acquisition of the firm in December 2024.
- Direct parent
- Plata Capital Ltd, United Kingdom
- Head office
- Apotekergata 10B, 0180 Oslo, Norway
- Company register
- Brønnøysund Register Centre (Enhetsregisteret) 995073064
- Incorporated
- 2010
- Founder
- Daniel R. Döderlein
- Former names
- Settle Group AS · Auka AS · Mcash Norge AS
Online
- Websites & references
- settle.eu ↗ did not load when checked
sokin.com ↗ Site of the Sokin brand, under which the firm provides services in the EEA
Wikipedia ↗ - Official social accounts
- LinkedIn ↗ · Instagram ↗
Sources · 7 pages consulted
- sokin.com/legal/regulation
- sokin.com/news/sokin-completes-strategic-acquisition-of-norwegian-fintech-settle
- settle.eu/eucoverage/
- en.wikipedia.org/wiki/Settle_Group
- fintechfutures.com/m-a/morgan-stanley-backed-sokin-acquires-norway-s-settle-for-undisclosed-sum
- tech.eu/2024/12/05/sokin-completes-strategic-acquisition-of-norwegian-fintech-settle/
- play.google.com/store/apps/details?id=eu.settle.app&hl=en_GB
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
Finanstilsynet authorises the firm as an electronic money institution, with register number 995073064 and an authorisation dating from 8 July 2014. The EBA register lists e-money issuance, money remittance, payment services and card acquiring among its activities.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Supervisory Authority of Norway (Finanstilsynet) Norway | Electronic money institution (e-pengeforetak) | 995073064 | In its own name | Active | sokin.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.
Products and markets
Researched 29 Sep 2026 · Sources
Sokin provides its business multi-currency accounts, international payments and payment acceptance in the EEA through the firm, which previously ran the Settle app for person-to-person and merchant payments in Europe.
According to Sokin, the firm's Norwegian e-money licence is passported through the EU for the issuance of electronic money and payment services.
- Sells to
- Small businesses · Enterprises · Consumers
- Serves customers in
- Norway
Recent events 1 enforcement or investigation item
Researched 29 Sep 2026 · Sources
-
Merger / acquisition
Sokin, a trading name of Plata Capital Ltd, announced that it had acquired Settle Group AS for an undisclosed amount.
sokin.com ↗ -
Incident
The firm stated that payouts to bank accounts were delayed for 58 Settle customers because of delays at Visa and Mastercard.
play.google.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
- SEGPNOK2XXX
- How the BIC breaks down
- SEGPBank
- NOCountry · Norway
- K2Location · reverse billing
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 549300J0YLPRCHNP5L73
- LEI record
- View on GLEIF ↗
- Licence no. · EBA-PSD2
- 995073064
- 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 to GLEIF on name, country and address.
- Register-entry ID
- d757dfdb4ecc
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
- Money remittance
- Payment services
- Card acquiring
- E-money / stored value
- Licensed in
- Norway
- Country · region
- Norway · 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
- TORDENSKIOLDS GATA 8-10 OSLO 0160 NORWAY
- Operational address
- TORDENSKIOLDS GATA 8-10 OSLO 0160 OSLO NORWAY
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>SEGPNOK2XXX</BICFI>
<LEI>549300J0YLPRCHNP5L73</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>SEGPNOK2XXX</BICFI>
<LEI>549300J0YLPRCHNP5L73</LEI>
<Nm>SETTLE GROUP AS</Nm>
<PstlAdr>
<TwnNm>OSLO</TwnNm>
<Ctry>NO</Ctry>
<AdrLine>TORDENSKIOLDS GATA 8-10 OSLO 0160</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
- EBA PSD2 Register—European Banking Authority (EBA) · 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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