Decent Finance Limited (WLX)

Decent Finance Limited Logo
Current Status
closed down
providing mobile wallets

Decent Finance Limited (United Kingdom) was an electronic money institution authorized and regulated by the Financial Conduct Authority. Decent Finance was focused on providing mobile wallets. In 2022 Decent Finance Limited had total assets of 1.14 mln GBP. Decent Finance Limited is doing business as WLX.


Company Profile Content


WLX Wallet

Convenient & secure mobile wallet

WLX Wallet
Currency
USD, EUR, GBP
Payment Cards
physical
virtual
Customer Type
personal
Account Access
web application
mobile application

Currency

WLX Wallet is a multi-currency account, allowing the account holder to have funds in the following currencies:

USUSD (US dollar)
EUEUR (Euro)
GBGBP (Pound sterling)

Payment Cards

Payment cards are not offered together with WLX Wallet.

Decent Finance Crypto Assets Support

Decent Finance is neither registered with the Financial Conduct Authority (FCA) as a crypro asset firm, nor offers any crypto assets services.

FCA Registration

No

From January 2020, firms carrying out specific cryptoasset activities in the United Kingdom need to comply with the amended Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLRs) and to register with the FCA.

Decent Finance Limited is not registered with the FCA as a crypro asset firm.

Crypto Assets Services

No

Decent Finance do not offer crypto assets services.

See Also

Financial Highlights

Decent Finance Limited Total Assets
GBP20212022change (%)
Total Assets1,047,659.001,143,373.00+9.14%

See Also

Market Share

Decent Finance Limited Competitors
Decent Finance Limited Market Share
RankNameMarket %Total Assets
155 (-2 ) EQUALS MONEY INTERNATIONAL LIMITED0.00 %1.15 mln GBP   (+18.97%)
156 (-7 ) Decent Finance Limited0.00 %1.14 mln GBP   (+9.14%)
157 (-21 ) W1TTY Global Ltd0.00 %1.07 mln GBP   (-26.62%)

See Also

Company Details

Country of Registration
GBUnited Kingdom
Company Number
10871225
Authorized By
Financial Conduct Authority
Authorization Type
E-Money Institution
Reference Number
900879
Authorization Granted
20 December 2019
Authorization Revoked
4 October 2022
Authorized Activities
issuance of electronic money
placing cash to a payment account
withdrawing cash from a payment account
execution of payment transactions on a payment account (not covered by a credit line)
execution of payment transactions on a payment account (using a credit line)
issuing payment instruments or acquiring payment transactions
money remittance
execution of payment transactions via telecoms, IT system or network operator
account information services
payment initiation services

Decent Finance Limited is authorized by the Financial Conduct Authority as a e-money institution (reference number 900879) for issuance of electronic money, distribution and redemption of electronic money, placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions, money remittance, execution of payment transactions via telecoms, IT system or network operator; the authorization was granted on 20 December 2019 and revoked on 4 October 2022.

Funds Safeguarding
Yes
Deposit Guarantee
No

Decent Finance Limited is not a bank, it can't collect deposits from public or loan out its clients’ money. Hence, it does not have to participate in deposit guarantee schemes. However, Decent Finance is required to safeguard its customers’ money.

EEA Passport
No

Since January 2021, Decent Finance Limited can not conduct its activities in EEA member states.

See Also

Contacts

address24th Floor One Canada Square Canary Wharf, E14 5AB, London, United Kingdom
e-mailcontact@wlx.finance
Website Languages
GBEnglish

Social Networks

Decent Finance has profiles on the following social networks:

Transparency

About Us / Company
Owners / Shareholders
Pricing
Management Team

See Also

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