e-wallets and payment processing Sendspend Limited (United Kingdom) is an electronic money institution authorized and regulated by the Financial Conduct Authority. Sendspend is focused on e-wallets and payment processing. The company offers mobile wallets, payment acceptance to natural persons, companies, merchants. In 2023 Sendspend Limited had total assets of 66,684.00 GBP.
6 February 2025, by Anna Mileiko
TheBanks.eu has developed a proprietary methodology to assign ratings to payment institutions based on their operating environment, company background, business model, market niche, product range, transparency, customer support and customer sentiment. According to the methodology, Sendspend Limited is assigned the overall rating 2.62 (average) which is explained in details below.
| Operating Environment | Very Friendly | (4.81) |
| Product Range | Focused | (2.29) |
| Market Niche | Average | (2.86) |
| Company Background | Average | (2.78) |
| Customer Support | Average | (2.67) |
| Customer Sentiment | n/a | |
| Transparency | Low | (2.53) |
| Overall Rating | Average | (2.62) |
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TheBanks.eu has also identified the following pros and cons of the company:
Available for the Unbanked
Sendspend Wallet is a single-currency account, allowing the account holder to have funds in GBP only.
GBP (Pound sterling)Payment cards are not offered together with Sendspend Wallet.
Sendspend is neither registered with the Financial Conduct Authority (FCA) as a crypto asset firm, nor offers any crypto assets services.
Sendspend Limited is not registered with the Financial Conduct Authority as a crypto asset firm.
Sendspend do not offer crypto assets services.
| GBP | 2022 | 2023 | change (%) |
|---|---|---|---|
| Total Assets | 147,219.00 | 66,684.00 | -54.70% |
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 212 (+18) |  Silicon Silk Ltd | 0.00 % | 67,892.00 GBP (+20.85%) |
| 213 (+14) | Sendspend Limited | 0.00 % | 66,684.00 GBP (-54.70%) |
| 214 (+15) |  KURINGO UK LIMITED | 0.00 % | 58,059.00 GBP (-14.96%) |
United KingdomSendspend Limited is authorized by the Financial Conduct Authority as a small e-money institution (reference number 932841) 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; the authorization was granted on 19 April 2021.
Sendspend 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, Sendspend is required to safeguard its customers’ money.
Since January 2021, Sendspend Limited can not conduct its activities in EEA member states.
4TH Floor, 26-28 Hammersmith Grove, W6 7BA, London, United KingdomEnglish
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