Security and Regulation

We’ve partnered with Equals Connect Limited to provide best-in-class payment rails and technology.

FCA Authorisation

Payment services are provided by Equals Connect Limited (‘’Equals Connect’’). Equals Connect are authorised and regulated by the Financial Conduct Authority (“FCA”) as an Authorised Payment Institution (“API”) (FRN: 671508).

HMRC Regulation

Along with being FCA authorised, Equals Connect is regulated by Her Majesty’s Revenue and Customs (HMRC) as a Money Service Business, Licence No: 12594438.

Safeguarding

As an Authorised Payment Institution, Equals Connect are required to comply with safeguarding requirements under regulation 23 of the PSRs 2017. The PSRs 2017 impose safeguarding requirements to protect customers where funds are held by an institution and not a bank.

Safeguarding is a set of rules that defines how an API must protect your money. These rules are designed to ensure that if an API fails, your money is kept safe and will be paid back to you. Equals Connect hold a number of designated client safeguarded bank accounts with various UK or EEA authorised credit institutions. Client funds are pooled and held in these accounts separate to our own working capital. These accounts are protected by law from any creditors making a claim against them.

Data Protection

Through the provision of our services, we are required to collect personal data. Doing so allows us to provide our products and services, fulfil our legal obligations and carry out our legitimate interests, without acting against your privacy rights. This data is collected lawfully by Equals Connect who comply with all ICO regulatory and statutory requirements.