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FINSTELLA LTD (Revoked licence as EMI as from 26/06/2023)

Cyprus
Not yet ratedActiveEMI
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Regulator

Cyprus Securities and Exchange Commission

Licence number

115.1.3.60

Authorised since

06 Jul 2022

EEA passports

0

Profile rates

Data-derived · A is broadest

Three named tiers comparing this institution against the rest of the European register.

Reach
DomesticTier D

No EEA passporting on record.

Scope
Full-serviceTier A

Authorised for 9 payment-services activities.

Tenure
GrowingTier C

Authorised 4 years ago.

About this institution

Verified active. Cross-checked against the Cyprus Securities and Exchange Commission register, FINSTELLA LTD is registered in Cyprus under licence reference 115.1.3.60. Activities include issuing payment instruments and acquiring payment transactions. Execution of payment transactions on a payment account is also authorised. Cash deposit services on a payment account and cash withdrawal services are covered. Payment initiation services (PIS), issuance of electronic money, and execution of payment transactions where funds are covered by credit line are also permitted. Safeguarding of customer funds and account information services (AIS) are further authorised.

No EEA passporting is recorded in the register.

The licence was granted 6 July 2022 and was revoked 26 June 2023.

Authority: Cyprus Securities and Exchange Commission, Licence reference: 115.1.3.60, operational status: active.

Licence timeline

3 dated events

Dated events for FINSTELLA LTD (Revoked licence as EMI as from 26/06/2023), from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.

  1. Cross-checked against the Cyprus Securities and Exchange Commission register

    Automated daily verification of licence status and reference.

  2. First verified and added to this directory

  3. Licence granted by the Cyprus Securities and Exchange Commission

Position in the Cyprus register

Cyprus EMIs

35

Active

35

Full / small licences

35 / 0

Licence age rank

18/35

FINSTELLA LTD (Revoked licence as EMI as from 26/06/2023) is one of 35 e-money institutions on the Cyprus register, 35 of which are currently active. Its licence is the 18th oldest of the 35 dated Cyprus EMI authorisations, one of 3 granted in 2022.

Is your money safe with FINSTELLA LTD (Revoked licence as EMI as from 26/06/2023)?

FINSTELLA LTD (Revoked licence as EMI as from 26/06/2023) holds an e-money authorisation from Cyprus Securities and Exchange Commission, 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 a national deposit guarantee scheme, 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.

How e-money safeguarding works → Verify on the register →

Authorised activities (PSD2 / EMD2)

Payment-services activities FINSTELLA LTD (Revoked licence as EMI as from 26/06/2023) is permitted to carry out under its licence, as recorded in the register.

  • Safeguarding of customer fundsSAFEGUARDING
  • Account information services (AIS)PSD2_8
  • Execution of payment transactions on a payment accountPSD2_3
  • Issuing payment instruments and acquiring payment transactionsPSD2_5
  • Payment initiation services (PIS)PSD2_7
  • Cash withdrawal services on a payment accountPSD2_2
  • Execution of payment transactions where funds are covered by credit linePSD2_4
  • Cash deposit services on a payment accountPSD2_1
  • Issuance of electronic moneyEMI_ISSUANCE

Frequently asked questions

Is FINSTELLA LTD (Revoked licence as EMI as from 26/06/2023) a licensed e-money institution?
Yes. FINSTELLA LTD (Revoked licence as EMI as from 26/06/2023) holds EMI authorisation from Cyprus Securities and Exchange Commission in Cyprus, licence reference 115.1.3.60. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
Who regulates FINSTELLA LTD (Revoked licence as EMI as from 26/06/2023)?
FINSTELLA LTD (Revoked licence as EMI as from 26/06/2023) is authorised and supervised by Cyprus Securities and Exchange Commission in Cyprus. Its e-money licence and current status are listed on the EBA EUCLID register at euclid.eba.europa.eu.
What is FINSTELLA LTD (Revoked licence as EMI as from 26/06/2023)'s licence or FRN number?
FINSTELLA LTD (Revoked licence as EMI as from 26/06/2023)'s licence reference number is 115.1.3.60. Enter it on the EBA EUCLID register at euclid.eba.europa.eu 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 Cyprus

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Registered office

Street
Amathountos 2
City
Limassol, 3105

Ratings & reader notes

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