Profile rates
Data-derived · A is broadestThree named tiers comparing this institution against the rest of the European register.
- Reach
- DomesticTier D
- Scope
- SpecialistTier C
- Tenure
- GrowingTier C
No EEA passporting on record.
Authorised for 3 payment-services activities.
Authorised 4 years ago.
About this institution
Verified active. Algbra FS UK Limited holds a current licence issued by the Financial Conduct Authority on 31 May 2022. The FCA register cross-checks confirm operational status as active. Licence reference 952360 authorises the entity to conduct three core activities: distribution and redemption of electronic money, issuance of electronic money, and safeguarding of customer funds.
The licence does not extend to passporting into EEA host states. Algbra FS UK Limited operates solely under UK authorisation and has not established branches or sought regulatory permissions across the European Economic Area.
Data note: the register holds no record of EEA passporting reach. As recorded in the FCA Financial Services Register as at the last cross-check, Algbra FS UK Limited holds active authorisation under reference 952360.
Licence timeline
3 dated eventsDated events for Algbra FS UK Limited, from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.
Cross-checked against the Financial Conduct Authority register
Automated daily verification of licence status and reference.
First verified and added to this directory
Licence granted by the Financial Conduct Authority
Position in the United Kingdom register
United Kingdom EMIs
472
Active
288
Full / small licences
401 / 71
Licence age rank
223/285
Algbra FS UK Limited is one of 472 e-money institutions on the United Kingdom register, 288 of which are currently active. Its licence is the 223rd oldest of the 285 dated United Kingdom EMI authorisations, one of 5 granted in 2022.
Is your money safe with Algbra FS UK Limited?
Algbra FS UK Limited holds an e-money authorisation from Financial Conduct Authority, which means client money must be safeguarded: held separately from the firm's own funds at a credit institution, or covered by an equivalent insurance policy. E-money is not a bank deposit - it is not covered by the FSCS, so there is no automatic compensation payout if the firm fails.
If an authorised EMI becomes insolvent, safeguarded funds sit outside the insolvency estate and are returned to customers by the administrator - repayment can take time, and administration costs may be deducted along the way.
Authorised activities (PSD2 / EMD2)
Payment-services activities Algbra FS UK Limited is permitted to carry out under its licence, as recorded in the register.
- Issuance of electronic moneyEMI_ISSUANCE
- Safeguarding of customer fundsSAFEGUARDING
- Distribution and redemption of electronic moneyEMI_DISTRIBUTION
Frequently asked questions
- Is Algbra FS UK Limited a licensed e-money institution?
- Yes. Algbra FS UK Limited holds EMI authorisation from Financial Conduct Authority in United Kingdom, licence reference 952360. Its authorisation is currently active and is cross-checked against the FCA Financial Services Register.
- Who regulates Algbra FS UK Limited?
- Algbra FS UK Limited is authorised and supervised by Financial Conduct Authority in United Kingdom. Its e-money licence and current status are listed on the FCA Financial Services Register at register.fca.org.uk.
- What is Algbra FS UK Limited's licence or FRN number?
- Algbra FS UK Limited's licence reference number is 952360. Enter it on the FCA Financial Services Register at register.fca.org.uk to confirm the institution's identity and that its authorisation is in force.
Sourced from the FCA Financial Services Register and the EBA EUCLID register; cross-checked daily.
Other licensed institutions in United Kingdom
Ratings & reader notes
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