United Kingdom · Payments & e-money
Settlego Solutions Limited
SettleGo Solutions Limited is a private limited company incorporated in England and Wales in 2015 and based in London. The FCA authorises it as an electronic money institution under the Electronic Money Regulations 2011 (firm reference number 900483). It trades as OpenPayd and is wholly owned by OpenPayd Holdings Limited, whose ultimate controlling party is Ozan Ozerk. It provides e-money accounts, virtual IBANs, payments and currency conversion to businesses through the OpenPayd banking-as-a-service platform. In June 2026 the OpenPayd group agreed a business combination with Titan Acquisition Corp, a Nasdaq-listed special purpose acquisition company.
Licences and registrations
Held by Settlego Solutions Limited (LEI 5493005S4JYTN98C6085). 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 | 900483 | United Kingdom | Active | 2018-05-17 | — |
|
Search the register ↗ |
Trading names on the register: OpenPayd (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
- SEOUGB2LXXX 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 SEOUGB2L 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
- BIC first registered
- 2023-05-20
- Last updated
- 2024-07-01
Overview
Researched 29 Sep 2026 · Sources
Ownership
Group subsidiary
100% OpenPayd Holdings Limited
Firm type
Banking as a service
Trades as OpenPayd
- Ownership
- OpenPayd Holdings Limited owns 100% of the firm, and its 2025 accounts name Ozan Ozerk as the ultimate controlling party.
- Direct parent
- OpenPayd Holdings Limited, United Kingdom 100%
- Head office
- The Bower, 207-211 Old Street, EC1V 9NR London, United Kingdom
- Company register
- Companies House 09570221
- Incorporated
- 30 Apr 2015
- Founder
- Ozan Özerk
- Former name
- FACEKART LIMITED
Online
- Websites & references
- openpayd.com ↗
apidocs.openpayd.com ↗ developer documentation (group)
secure.openpayd.com ↗ client login portal
settlego.com ↗ former domain - Official social accounts
- LinkedIn ↗ · X ↗ · Instagram ↗ · YouTube ↗
Sources · 14 pages consulted
- find-and-update.company-information.service.gov.uk/company/09570221
- find-and-update.company-information.service.gov.uk/company/09570221/officers
- find-and-update.company-information.service.gov.uk/company/09570221/persons-with-significant-control
- find-and-update.company-information.service.gov.uk/company/09570221/filing-history
- find-and-update.company-information.service.gov.uk/company/09570221/filing-history/MzQ5OTI0MDA4N2FkaXF6a2N4/document?format=pdf&download=0
- openpayd.com/legal/openpayd-group-overview/
- openpayd.com/legal/
- openpayd.com/legal/terms-of-use/
- openpayd.com/company/meet-the-team/
- openpayd.com/announcements/openpayd-targets-nasdaq-listing-at-unicorn-valuation/
- businesswire.com/news/home/20260902155344/en/OpenPayd-Strengthens-Position-in-the-U.S.-Market-Through-the-
- openpayd.com/announcements/openpayd-appoints-barry-osullivan-as-chief-banking-officer/
- finextra.com/pressarticle/107373/openpayd-appoints-coo
- find-and-update.company-information.service.gov.uk/company/11565881
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 (firm reference number 900483). Its 2025 accounts state that it has direct access to SEPA and relies on third-party banks for access to other payment networks.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Financial Conduct Authority United Kingdom | Authorised E-Money Institution | 900483 | In its own name | Active | register.fca.org.uk ↗ |
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 client funds with banking partners in accounts separate from its own funds, and that it reconciles these safeguarded balances at least daily.
- Payment schemes and card networks
- SEPA Direct find-and-update.company-information.service.gov.uk ↗
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
It provides businesses with e-money accounts, virtual IBANs, local and cross-border payments and currency conversion through the OpenPayd API and platform. Clients may not offer these accounts directly to their own end users.
The firm is authorised in the UK, and its 2025 accounts state that most of its clients are based in the UK and in countries outside the EU.
- Revenue
- EUR 34.8m
- Payment volume
- EUR 44bnclient transaction volumes (value of client transactions)
- Sells to
- Financial institutions · Platforms and marketplaces · Enterprises
- Serves customers in
- United Kingdom
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Iana Dimitrova
Chief Executive Officer (OpenPayd); Director
- Chief financial officer
-
David Bull
Chief Financial Officer (OpenPayd); Director
- Executive
- Stephen Robert Lemon Non-executive director
- Founder
-
Ozan Özerk
Founder (OpenPayd group)
Recent events
Researched 29 Sep 2026 · Sources
-
Merger / acquisition
The OpenPayd group announced it had integrated MSB USA Inc., bringing 43 US state money transmitter licences into the group.
businesswire.com ↗ -
Merger / acquisition
OpenPayd and Titan Acquisition Corp agreed a business combination intended to list the group on Nasdaq under the ticker OP.
openpayd.com ↗ -
Leadership
The firm appointed Stephen Robert Lemon as a non-executive director on 3 September 2025.
find-and-update.company-information.service.gov.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
- SEOUGB2LXXX
- How the BIC breaks down
- SEOUBank
- GBCountry · United Kingdom
- 2LLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 5493005S4JYTN98C6085
- LEI record
- View on GLEIF ↗
- Licence no. · FCA-EMI
- 900483
- 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
- 2c328ab7d8f7
- Companies House no.
- 09570221 ↗
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.openpayd.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.
Persons with significant control
Companies House · company 09570221 ↗ · as at 9 October 2026
Companies House lists 1 person with significant control for Settlego Solutions Limited: 1 company.
| Name | Type | Nature of control | Notified |
|---|---|---|---|
| Openpayd Holdings Limited ↗ | Company · UK | 75–100% of shares · 75–100% of votes · Can appoint or remove directors | 2 January 2019 |
| Ozan Ozerk | Individual · through Openpayd Holdings Limited | 75–100% of shares · 75–100% of votes · Can appoint or remove directors | 12 September 2018 |
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
- THE BOWER FLOOR 13 207 - 211 OLD STREET LONDON EC1V 9NR UNITED KINGDOM
- Operational address
- THE BOWER FLOOR 13 207 - 211 OLD STREET LONDON LONDON EC1V 9NR 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>SEOUGB2LXXX</BICFI>
<LEI>5493005S4JYTN98C6085</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>SEOUGB2LXXX</BICFI>
<LEI>5493005S4JYTN98C6085</LEI>
<Nm>SETTLEGO SOLUTIONS LIMITED</Nm>
<PstlAdr>
<TwnNm>LONDON</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>THE BOWER FLOOR 13 207 - 211 OLD STREET LONDON EC1V 9NR</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
- 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: openpayd.com (official website) · original; Iana Dimitrova: openpayd.com (official website) · original; David Bull: openpayd.com (official website) · original; Ozan Özerk: openpayd.com (official website) · original.
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