---
title: "Xace Limited SWIFT/BIC code ACEIGB22XXX · United Kingdom | Elucidate"
description: "Licensed in the United Kingdom: Authorised Payment Institution (FCA). SWIFT/BIC code ACEIGB22XXX for Xace Limited, United Kingdom. Head-office BIC."
url: https://elucidate.co/directory/xace-limited-aceigb22
---
1. [Directory](https://elucidate.co/directory)
2. [United Kingdom](https://elucidate.co/directory/country/gb)
3. Xace Limited
United Kingdom · Payments & e-money
# Xace Limited
Xace Limited is a private limited company registered in England and Wales. The FCA authorises it as an authorised payment institution (FRN 948213). Its payment accounts and Visa virtual cards are provided by Modulr FS Limited, for which it is a registered EMD agent, and by Modulr Finance B.V. It offers multi-currency business accounts, IBANs, FX and cross-border payments, mainly to iGaming, esports and related businesses.
Register status
Licensed in the United Kingdom
Authorised Payment Institution · FCA
Prudential licence
[3 licences and registrations ↓](https://elucidate.co/directory/xace-limited-aceigb22#licences)
BIC **ACEIGB22XXX** LEI **[984500F560E4T2D5B873](https://search.gleif.org/#/record/984500F560E4T2D5B873)** [Licence no. **948213**](https://elucidate.co/directory/xace-limited-aceigb22#licences) Reverse billing Head-office BIC only [Claim this profile](https://elucidate.co/directory/xace-limited-aceigb22#claim)
## Licences and registrations
Held by Xace Limited (LEI 984500F560E4T2D5B873). 3 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 & RAISPs](https://elucidate.co/directory/register/fca-psd) FCA Linked by LEI. Matched by Elucidate on the UK company number the register gives. | Authorised Payment InstitutionPayment Institution | 948213 | [United Kingdom](https://elucidate.co/directory/country/gb) | Active | 2022-03-16 | — | - Payment services | [Search the register ↗](https://register.fca.org.uk/s/) |
| [FCA Financial Services Register - Payment Institutions & RAISPs](https://elucidate.co/directory/register/fca-psd) FCA Linked by LEI. Matched by Elucidate on the UK company number the register gives. | Small Payment InstitutionPayment Institution | 911400 | [United Kingdom](https://elucidate.co/directory/country/gb) | Cancelled - Small PI | — | Ended 2022-03-16 | - Payment services | [Search the register ↗](https://register.fca.org.uk/s/) |
| [Money Services Business Registry](https://elucidate.co/directory/register/fintrac-msb) FINTRAC Linked by LEI. Matched by Elucidate to GLEIF on name and country only. | Foreign MSB (FMSB)Crypto-Asset Service Provider | M22015684 | [Canada](https://elucidate.co/directory/country/ca) | Ceased | 2022-09-26 | Ended 2026-07-29 | - Money remittance - Currency exchange - Payment services - Crypto-assets | [Search the register ↗](https://fintrac-canafe.canada.ca/msb-esm/msb-eng) |
Licences and registrations listed here were granted in Canada. This BIC is registered in the United Kingdom.
- 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:** ACEIGB22XXX head office
- **Connection to Swift:** 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:** 2020-07-04
- **Last updated:** 2021-03-18
## Overview
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/xace-limited-aceigb22#overview-sources)
Customers
Not published
Employees
15
headcount · This entity · 31 Dec 2024 · [annual report ↗](https://find-and-update.company-information.service.gov.uk/company/11742963/filing-history/MzQ4MzYxMTc4OWFkaXF6a2N4/document?format=pdf&download=0)
Ownership
Privately held
Firm type
E-money and accounts
Trades as Xace
- **Standing:** The firm's Canadian registration with FINTRAC as a foreign money services business ceased on 29 July 2026. Its FCA registration as a small payment institution was cancelled on 16 March 2022, when it became an authorised payment institution.
- **Ownership:** Two persons with significant control, David Hodkinson and Natalie Shoshan, each hold more than 25% but not more than 50% of the shares and voting rights.
- **Major shareholders:** David Hodkinson Natalie Shoshan
- **Head office:** 71-75 Shelton Street, Covent Garden, WC2H 9JQ London, United Kingdom
- **Company register:** Companies House 11742963
- **Incorporated:** 28 Dec 2018
- **Founders:** David Hodkinson · Adam Grist
- **Former name:** ZUMA SERVICES LTD
### Online
- **Websites & references:** [xace.io ↗](https://www.xace.io/) [xace.co.uk ↗](https://www.xace.co.uk/) UK site, linked from the xace.io navigation [xace.ca ↗](https://www.xace.ca/) Canadian site (resolves to xace.io/en-ca) [developer.xace.io ↗](https://developer.xace.io/) developer documentation
- **Official social accounts:** [LinkedIn ↗](https://www.linkedin.com/company/xace/)
- **Apps:** [App Store ↗](https://apps.apple.com/us/app/xace/id6670561075) · [Google Play ↗](https://play.google.com/store/apps/details?id=com.xace.mfa)
Sources · 13 pages consulted
1. [find-and-update.company-information.service.gov.uk/company/11742963/officers](https://find-and-update.company-information.service.gov.uk/company/11742963/officers)
2. [find-and-update.company-information.service.gov.uk/company/11742963/persons-with-significant-control](https://find-and-update.company-information.service.gov.uk/company/11742963/persons-with-significant-control)
3. [find-and-update.company-information.service.gov.uk/company/11742963/filing-history](https://find-and-update.company-information.service.gov.uk/company/11742963/filing-history)
4. [find-and-update.company-information.service.gov.uk/company/11742963/filing-history/MzQ4MzYxMTc4OWFkaXF6a2N4/document?format=pdf&download=0](https://find-and-update.company-information.service.gov.uk/company/11742963/filing-history/MzQ4MzYxMTc4OWFkaXF6a2N4/document?format=pdf&download=0)
5. [find-and-update.company-information.service.gov.uk/company/11742963](https://find-and-update.company-information.service.gov.uk/company/11742963)
6. [xace.io/](https://www.xace.io/)
7. [xace.io/about-us](https://www.xace.io/about-us)
8. [xace.io/policy](https://www.xace.io/policy)
9. [xace.io/terms](https://www.xace.io/terms)
10. [xace.io/services](https://www.xace.io/services)
11. [xace.io/news/press-release-xace-appoints-megan-easey-as-chief-executive-office](https://www.xace.io/news/press-release-xace-appoints-megan-easey-as-chief-executive-office)
12. [xace.io/news/xace-expands-operations-into-cyprus-to-strengthen-eu-presence](https://www.xace.io/news/xace-expands-operations-into-cyprus-to-strengthen-eu-presence)
13. [xace.ca](https://www.xace.ca/)
## Authorisation
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/xace-limited-aceigb22#overview-sources)
- **Operates under:** Several models
- **Licensed firm it operates under:** Modulr FS Limited, United Kingdom registered EMD agent; accounts, related payment services and cards are provided by Modulr FS Limited (and by Modulr Finance B.V. in the EU)
The FCA authorises Xace Limited as an authorised payment institution under the Payment Services Regulations 2017, and the firm says it provides some payment services under this licence. Its customer accounts and cards are provided by Modulr FS Limited, an FCA-authorised electronic money institution, for which Xace is a registered EMD agent. In the EU they are provided by Modulr Finance B.V., which the Dutch Central Bank authorises as an electronic money institution.
| Authority | Licence or registration | Number | Held | Status | Source |
| --- | --- | --- | --- | --- | --- |
| Financial Conduct Authority United Kingdom | Authorised Payment Institution | 948213 | In its own name | Active | — |
| Financial Conduct Authority United Kingdom | EMD Agent of Modulr FS Limited (FRN 900573) | 902828 | As agent | Active | [xace.io ↗](https://www.xace.io/policy) |
| Financial Conduct Authority United Kingdom | Small Payment Institution | 911400 | In its own name | Withdrawn or expired | — |
| Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) Canada | Foreign Money Services Business registration | M22015684 | 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](https://elucidate.co/directory/xace-limited-aceigb22#overview-sources)
- **Safeguarding:** Segregated safeguarding accountsThe firm states that funds in accounts provided by Modulr are held in segregated accounts and safeguarded in full under the Electronic Money Regulations 2011 (UK) or the Dutch Financial Supervision Act (EU). [xace.io ↗](https://www.xace.io/)
- **Safeguarding bank · Card issuer · Partner:** Modulr FS Limited United Kingdom [xace.io ↗](https://www.xace.io/)
- **Safeguarding bank · Card issuer · Partner:** Modulr Finance B.V. Netherlands [xace.io ↗](https://www.xace.io/)
- **Payment schemes and card networks:** Faster Payments Through a partner [xace.io ↗](https://www.xace.io/) SEPA Through a partner [xace.io ↗](https://www.xace.io/) Bacs Through a partner [xace.io ↗](https://www.xace.io/) CHAPS Through a partner [xace.io ↗](https://www.xace.io/) TARGET2 Through a partner [xace.io ↗](https://www.xace.io/) Visa Through a partner [xace.io ↗](https://www.xace.io/)
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](https://elucidate.co/directory/xace-limited-aceigb22#overview-sources)
- Multi currency accounts
- International money transfer
- Domestic payments
- FX conversion
- Debit cards
- Payouts and mass payments
- Payment gateway
It provides business payment accounts with IBANs and UK sort codes in EUR, GBP, USD, CAD and other currencies, plus FX, bulk payments and Visa virtual debit cards, mainly to iGaming, esports, affiliate and prediction-market businesses.
It serves UK customers through Modulr FS Limited and EU customers through Modulr Finance B.V., and it has offices in the UK, Malta and Cyprus.
- **Sells to:** Small businesses · Enterprises
- **Serves customers in 3 countries:** United Kingdom · Malta · Cyprus
## Leadership
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/xace-limited-aceigb22#overview-sources)
- **Chief executive:** Megan Easey Chief Executive Officer Confirmed 29 Sep 2026 · [xace.io ↗](https://www.xace.io/about-us)
- **Chair:** Colin Rutherford Chairman Confirmed 29 Sep 2026 · [xace.io ↗](https://www.xace.io/about-us)
- **Chief executive:** David Hodkinson Founder | UK CEO; director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/11742963/officers)
- **Founder:** Adam Grist Co-founder / CPO Confirmed 29 Sep 2026 · [xace.io ↗](https://www.xace.io/about-us)
- **Executive:** Natalie Shoshan Director Confirmed 29 Sep 2026 · [find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/11742963/officers)
- **Executive:** Mark Taffler Chief Commercial Officer Confirmed 29 Sep 2026 · [xace.io ↗](https://www.xace.io/about-us)
## Recent events
Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/xace-limited-aceigb22#overview-sources)
1. May 2026
Leadership
Xace appointed Lahcene Merzoug as the first member of a new advisory board.
[xace.io ↗](https://www.xace.io/)
2. Jul 2025
Leadership
Xace appointed Megan Easey as Chief Executive Officer. Founder David Hodkinson became UK CEO.
[xace.io ↗](https://www.xace.io/news/press-release-xace-appoints-megan-easey-as-chief-executive-office)
3. May 2025
Other
Xace announced that it had expanded its operations into Cyprus, with an office in Limassol.
[xace.io ↗](https://www.xace.io/news/xace-expands-operations-into-cyprus-to-strengthen-eu-presence)
4. May 2025
Leadership
Victoria Louise Griffith resigned as a director of Xace Limited, having been appointed in March 2024.
[find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/11742963/officers)
5. Jan 2024
Other
Xace Limited repurchased 2,072 of its ordinary A shares for USD 4 million.
[find-and-update.company-information.service.gov.uk ↗](https://find-and-update.company-information.service.gov.uk/company/11742963/filing-history/MzQ4MzYxMTc4OWFkaXF6a2N4/document?format=pdf&download=0)
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:** ACEIGB22XXX
- **How the BIC breaks down:** 1. ACEI Bank 2. GB Country · United Kingdom 3. 22 Location · reverse billing 4. XXX Branch · head office
- **Branch description:** Not recorded in the directory
- **LEI:** 984500F560E4T2D5B873
- **LEI record:** [View on GLEIF ↗](https://search.gleif.org/#/record/984500F560E4T2D5B873)
- **Licence no. · FCA-PSD:** 948213
- **Licence no. · FCA-PSD:** 911400
- **Licence no. · FINTRAC-MSB:** M22015684
- **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: Matched by Elucidate to GLEIF on name and country only.
- **Register-entry IDs:** 8f789046d84b · 2cc78bafa751
- **Companies House no.:** [11742963 ↗](https://find-and-update.company-information.service.gov.uk/company/11742963)
## Profile
- **Type:** Payments & e-money · Crypto · Money service business
- **Regulation:** Prudential licence
- **Register licences:** [3 entries on 2 registers](https://elucidate.co/directory/xace-limited-aceigb22#licences)
- **Activities:** - Payment services - Money remittance - Currency exchange - Crypto-assets
- **Licensed in:** [United Kingdom](https://elucidate.co/directory/country/gb)
- **Website (register):** [www.xace.co.uk ↗](https://www.xace.co.uk/)
- **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 [11742963 ↗](https://find-and-update.company-information.service.gov.uk/company/11742963) · as at 9 October 2026
Companies House lists 2 persons with significant control for Xace Limited: 2 individuals.
| Name | Type | Nature of control | Notified |
| --- | --- | --- | --- |
| Natalie Shoshan | Individual | 25–50% of shares · 25–50% of votes | 28 December 2018 |
| David Hodkinson | Individual | 25–50% of shares · 25–50% of votes | 24 June 2019 |
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 ↗](https://find-and-update.company-information.service.gov.uk/company/11742963/persons-with-significant-control)
## Addresses
- **Registered address:** 71-75 SHELTON STREET LONDON WC2H 9JQ UNITED KINGDOM
- **Operational address:** 71-75 SHELTON STREET LONDON LONDON WC2H 9JQ 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
```xml
ACEIGB22XXX
984500F560E4T2D5B873
```
### 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
```xml
ACEIGB22XXX
984500F560E4T2D5B873
XACE LIMITED
LONDON
GB
71-75 SHELTON STREET LONDON WC2H 9JQ
```
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.
## Related institutions
### Other payments & e-money institutions in the United Kingdom
- [Stonex Financial LTD BIC IGLUGB2L Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 446717 (FCA-PSD) · also on FINTRAC-MSB · LEI 549300AWF3TOHRYL7754](https://elucidate.co/directory/stonex-financial-ltd-iglugb2l)
- [Dex International Limited · trading as DEXREMIT No BIC Payments & e-money Crypto Money service business Prudential licence United Kingdom · Licensed by FCA · 503929 (FCA-PSD) · also on HMRC-MLR, FINTRAC-MSB · LEI 9845003995D06S994R04](https://elucidate.co/directory/dex-international-limited-ff2b0c01c725)
- [Euronet Payment Services Ltd · trading as Ria Money Transfer, Ria No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 504630 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/euronet-payment-services-ltd-6f4dec33a392)
- [Instinet Europe Limited BIC ISNTGB2L Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 140822 (FCA-PSD) · LEI 213800MXAKR2LA1VBM44](https://elucidate.co/directory/instinet-europe-limited-isntgb2l)
- [Isx Financial UK LTD BIC ISFIGB22 Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 901034 (FCA-EMI) · LEI 2138007BDV9IRS8AYD07](https://elucidate.co/directory/isx-financial-uk-ltd-isfigb22)
- [Western Union Payment Services GB Limited · trading as Manning House, WU No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 816890 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/western-union-payment-services-gb-limited-0741de977896)
- [A to Z 4U Ltd · trading as SAAK REMIT, Saakpay No BIC Payments & e-money Money service business Prudential licence United Kingdom · Licensed by FCA · 570837 (FCA-PSD) · also on HMRC-MLR · No LEI mapped](https://elucidate.co/directory/a-to-z-4u-ltd-25c2ca0fa3b5)
- [Allied Wallet Limited No BIC Payments & e-money Prudential licence United Kingdom · Licensed by FCA · 900124 (FCA-EMI) · also on FCA-PSD · LEI 213800HO66BDXP716G24](https://elucidate.co/directory/allied-wallet-limited-8983cc2e32eb)
[See all →](https://elucidate.co/directory/search?type=payments&cc=GB)
Claim this profile
## Work at Xace Limited?
Claim this page to have it marked as verified by the bank, and to send us corrections. We verify every claim before anything changes on the page.
1. 01 **Submit** Tell us who you are, using your work email.
2. 02 **We verify** We check the email domain and confirm your role with the bank. This usually takes up to five business days.
3. 03 **Profile claimed** The page is marked as claimed and verified. You can send us corrections at any time.
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 →](https://elucidate.co/directory/methodology)
Credits for this page
- **FCA Financial Services Register - Payment Institutions & RAISPs**—Financial Conduct Authority (FCA) · [register ↗](https://register.fca.org.uk/s/) as at 25 September 2026
- **Money Services Business Registry**—Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) · [register ↗](https://fintrac-canafe.canada.ca/msb-esm/msb-eng) as at 25 September 2026
- **Persons with significant control**—Companies House · [source ↗](https://download.companieshouse.gov.uk/en_pscdata.html) 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: [xace.io](https://www.xace.io/) (official website) · [original](https://cdn.prod.website-files.com/5ddc131fc8721f0acc847773/5ddc258fb82421b286bd16a0_xace.svg).
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[Book a demo](https://elucidate.co/demo-request)
Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.