providing cash management solutions IPAGOO LLP (United Kingdom) was an electronic money institution authorized and regulated by the Financial Conduct Authority. IPAGOO was focused on providing cash management solutions. The company offered banking platform, payment processing platform to banks, FinTech companies. In 2018 IPAGOO LLP had total assets of 1.53 mln GBP, and generated net income of -2,430,807.00 GBP. Since July 2019 IPAGOO LLP (doing business as Orwell) is in administration: it stopped taking on new business but has to continue to meet standards in dealing with its existing customers.
IPAGOO is neither registered with the Financial Conduct Authority (FCA) as a crypro asset firm, nor offers any crypto assets services.
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.
IPAGOO LLP is not registered with the FCA as a crypro asset firm.
IPAGOO do not offer crypto assets services.
| GBP | 2017 | 2018 | change (%) |
|---|---|---|---|
| Total Assets | 708,407.00 | 1,534,663.00 | +116.64% |
| Turnover | 0.00 | 26,120.00 | |
| Net Income | -1,461,353.00 | -2,430,807.00 | +66.34% |
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 105 (+13) |  Sedel Capital LLP | 0.01 % | 1.61 mln GBP (+21,320.15%) |
| 106 (-17) | IPAGOO LLP | 0.01 % | 1.53 mln GBP (+116.64%) |
| 107 (-24) |  POCKIT LIMITED | 0.01 % | 1.48 mln GBP (+31.88%) |
United KingdomIPAGOO LLP is authorized by the Financial Conduct Authority as a e-money institution (reference number 900122) for 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; the authorization was granted on 25 May 2018 and revoked on 5 July 2023.
IPAGOO LLP 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, IPAGOO is required to safeguard its customers’ money.
Since January 2021, IPAGOO LLP can not conduct its activities in EEA member states.
IPAGOO LLP is a SWIFT member and a SEPA (SCT, SDD, SDD B2B) scheme participant.
Henrietta Street 6, WC2E 8PT, London, United Kingdom
+44 207 458 4420
+44 207 691 7402
www.orwellg.comEnglish
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United Kingdom
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