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 UK electronic money licence with the Financial Conduct Authority, reference number 952360. The licence authorises issuance of electronic money, safeguarding of customer funds, and distribution and redemption of electronic money.
No EEA passporting is recorded for this licence. The register lists no host states for cross-border operations.
Licence granted date 31 May 2022 is documented. Operational status remains active as of the last register cross check. The register records Algbra FS UK Limited as an active electronic-money institution under FCA 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
476
Active
291
Full / small licences
405 / 71
Licence age rank
224/289
Algbra FS UK Limited is one of 476 e-money institutions on the United Kingdom register, 291 of which are currently active. Its licence is the 224th oldest of the 289 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.
- Distribution and redemption of electronic moneyEMI_DISTRIBUTION
- Safeguarding of customer fundsSAFEGUARDING
- Issuance of electronic moneyEMI_ISSUANCE
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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