Licence number
32888032
Authorised since
10 Nov 2023
EEA passports
0
Profile rates
Data-derived · A is broadestThree named tiers comparing this institution against the rest of the European register.
- Reach
- DomesticTier D
- Scope
- Multi-serviceTier B
- Tenure
- GrowingTier C
No EEA passporting on record.
Authorised for 6 payment-services activities.
Authorised 2 years ago.
About this institution
Verified active. Kvarn Capital Oy holds a small e-money licence in Finland, granted by Finnish Financial Supervisory Authority on 10 November 2023 under reference 32888032. The licence authorises execution of payment transactions where funds are covered by a credit line and on a payment account. It permits cash deposit services on a payment account, safeguarding of customer funds, and issuance of electronic money. It also allows cash withdrawal services on a payment account.
No cross-border passporting is recorded in the register, so the licence is confined to Finland.
Data note: the licence-granted date is recorded; no EEA passporting is listed. The Finnish Financial Supervisory Authority confirms the licence reference 32888032 as active as at the last register cross-check.
Licence timeline
3 dated eventsDated events for Kvarn Capital Oy, from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.
Cross-checked against the Finnish Financial Supervisory Authority register
Automated daily verification of licence status and reference.
First verified and added to this directory
Small EMI registration granted by the Finnish Financial Supervisory Authority
Position in the Finland register
Finland EMIs
16
Active
16
Full / small licences
9 / 7
Licence age rank
12/16
Kvarn Capital Oy is one of 16 e-money institutions on the Finland register, 16 of which are currently active. Its licence is the 12th oldest of the 16 dated Finland EMI authorisations, one of 2 granted in 2023. As a small-EMI registration it operates domestically only - 7 of the 16 Finland entries use this lighter regime.
Is your money safe with Kvarn Capital Oy?
Kvarn Capital Oy holds a small-EMI registration from Finnish Financial Supervisory 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 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. Small-EMI regimes are national and domestic-only; the exact safeguarding arrangements are worth confirming with the firm and its regulator.
Authorised activities (PSD2 / EMD2)
Payment-services activities Kvarn Capital Oy is permitted to carry out under its licence, as recorded in the register.
- Execution of payment transactions on a payment accountPSD2_3
- Safeguarding of customer fundsSAFEGUARDING
- Cash deposit services on a payment accountPSD2_1
- Issuance of electronic moneyEMI_ISSUANCE
- Execution of payment transactions where funds are covered by credit linePSD2_4
- Cash withdrawal services on a payment accountPSD2_2
Frequently asked questions
- Is Kvarn Capital Oy a licensed e-money institution?
- Yes. Kvarn Capital Oy holds Small EMI authorisation from Finnish Financial Supervisory Authority in Finland, licence reference 32888032. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates Kvarn Capital Oy?
- Kvarn Capital Oy is authorised and supervised by Finnish Financial Supervisory Authority in Finland. Its e-money licence and current status are listed on the EBA EUCLID register at euclid.eba.europa.eu.
- What is Kvarn Capital Oy's licence or FRN number?
- Kvarn Capital Oy's licence reference number is 32888032. 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 Finland
Registered office
- Street
- Eteläesplanadi 24 A
- City
- HELSINKI, 00130
Ratings & reader notes
0 written notes
Share what you know about Kvarn Capital Oy. Guest comments - no account required. Be kind and on-topic.
No reader notes yet. Be the first to share what you know about this institution.