Licence number
44103125067
Authorised since
18 Jun 2020
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
- SpecialistTier C
- Tenure
- MatureTier B
No EEA passporting on record.
Authorised for 3 payment-services activities.
Authorised 6 years ago.
About this institution
Verified active. SIA Andele Mandele PAY, known as Andele Mandele, holds a small EMI licence issued by the Latvian Financial and Capital Market Commission. Its licence authorises safeguarding customer funds, issuing payment instruments and acquiring payment transactions, and issuing electronic money.
No EEA passporting records are available for the licence.
Licence granted 18 June 2020. The Latvian Financial and Capital Market Commission lists licence reference 44103125067 as active as of the last cross-check.
Licence timeline
3 dated eventsDated events for Andele Mandele, from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.
Cross-checked against the Latvian Financial and Capital Market Commission register
Automated daily verification of licence status and reference.
First verified and added to this directory
Small EMI registration granted by the Latvian Financial and Capital Market Commission
Position in the Latvia register
Latvia EMIs
21
Active
21
Full / small licences
12 / 9
Licence age rank
12/21
Andele Mandele is one of 21 e-money institutions on the Latvia register, 21 of which are currently active. Its licence is the 12th oldest of the 21 dated Latvia EMI authorisations, one of 2 granted in 2020. As a small-EMI registration it operates domestically only - 9 of the 21 Latvia entries use this lighter regime.
Is your money safe with Andele Mandele?
Andele Mandele holds a small-EMI registration from Latvian Financial and Capital Market 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. 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 Andele Mandele is permitted to carry out under its licence, as recorded in the register.
- Safeguarding of customer fundsSAFEGUARDING
- Issuance of electronic moneyEMI_ISSUANCE
- Issuing payment instruments and acquiring payment transactionsPSD2_5
Frequently asked questions
- Is Andele Mandele a licensed e-money institution?
- Yes. Andele Mandele holds Small EMI authorisation from Latvian Financial and Capital Market Commission in Latvia, licence reference 44103125067. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates Andele Mandele?
- Andele Mandele is authorised and supervised by Latvian Financial and Capital Market Commission in Latvia. Its e-money licence and current status are listed on the EBA EUCLID register at euclid.eba.europa.eu.
- What is Andele Mandele's licence or FRN number?
- Andele Mandele's licence reference number is 44103125067. 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 Latvia
Registered office
- Street
- Stokholmas street 33
- City
- Riga, LV-1014
Ratings & reader notes
0 written notes
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