Sciopay Limited: FCA regulated?

Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

Authorised for 5 years
Your funds are safeguarded
No FCA actions
Active company since 2019
1 thing worth a closer look in the background checks

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

No website on the FCA register
Phone number

07903 209822
Address

WeWork, WW Moor Place Limited, 1 Fore Street Avenue, London, EC2Y 9DT, United Kingdom

In the full report: 2 background checks, 1 thing worth a closer look

What kind of line 07903 209822 is
Whether EC2Y 9DT is a shared office: 23 other firms give it

FCA permissions and consumer protection

Handle payments & transfers Funds safeguarded
Your money must be kept in a separate safeguarded account. If the firm fails, all safeguarded funds should be returned to you. With no upper limit, unlike the capped amounts under FSCS. Safeguarding works differently from FSCS, but protects your full balance when the rules are followed correctly.
Complaints Ombudsman, free
You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

Show FCA detail (1 permission)

6. Money remittance.

FCA disciplinary action and complaints

No FCA disciplinary action.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Company name: SCIOPAY LTD
Company number: 12352935 (opens Companies House in a new tab)
Company status: Active
Company type: Private limited company
Incorporated: 6 December 2019 (6 years old)
Registered office: 128 City Road, London, EC1V 2NX, United Kingdom
Nature of business: Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name	Role	Born	Appointed	Other companies
Daryl Blake	Director	Dec 1989	6 Dec 2019	None
Saqib Mirza	Director	May 1994	6 Dec 2019	3 other companies
Stuart Young	Director	Nov 1990	6 Dec 2019	4 other companies

Other companies run by these 3 directors

A firm is run by people, and their other companies are their track record: what they built, what closed, and anything that failed. It is the check most people never think to make.

other companies: 6
closed down: 3
run together: 1

In the full report: all 6 companies, named

What each company does, and whether it is still trading
Which of these 3 directors sit on each board, and since when
Any that went into liquidation or administration
The 1 company these 3 directors run together

Key dates in its history

Sciopay’s history from the FCA register and Companies House, newest first.

Key events (11) All events (14)

2021

16 February 2021

Regulated by the FCA from this date
Supervised by HMRC under the money laundering rules from this date
Became an authorised payment institution

FCA register

2020

31 March 2020

Daryl Blake stopped being a part-owner
Saqib Mirza stopped being a part-owner
Scio Group Ltd took control (75–100% of shares)
Stuart Young stopped being a part-owner

Companies House

2019

6 December 2019

Incorporated at Companies House
Daryl Blake became a part-owner (25–50% of shares)
Saqib Mirza became a part-owner (25–50% of shares)
Stuart Young became a part-owner (25–50% of shares)

Companies House

In the full report: all 14 events

All 14 events in its history (11 shown here)
Every director appointment and resignation: 3

Firms like Sciopay

Other firms of the same type (payment or money transfer firm), nearest first.

In the Central London (EC) postcode area

StoneX Financial LtdLondonAuthorised Real Transfer LimitedLondonAuthorised Onafriq UK LimitedLondonAuthorised Sable International FX LimitedLondonAuthorised Trolley Payments UK LtdLondonAuthorised A to Z 4U LtdLondonAuthorised

Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on Sciopay

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

6 other companies its directors have run, named
2 background checks on its contact details, 1 flagged
All 14 events in its history

Instant PDF One-off payment Secure checkout by Stripe

Frequently asked questions about this firm

Is Sciopay Limited FCA authorised?

Yes, Sciopay Limited (FRN 927951) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since February 2021 and works as a payment or money transfer firm. The FCA has placed no limits on its permissions.

What is Sciopay’s phone number?

The FCA register lists the phone number 07903 209822 for Sciopay. If you were given different contact details, use these to check with the firm before going any further.

Is Sciopay a scam or clone?

Sciopay is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.

Is my money safe with Sciopay?

It depends on the product, but payment and e-money balances should be safeguarded in a separate account, with no upper limit on the protected amount. You can also refer complaints about Sciopay to the Financial Ombudsman Service, free of charge.

Who owns Sciopay?

Sciopay is owned by Scio Group Ltd, which holds 75–100% of shares and 75–100% of votes, since 31 March 2020. Before that, it was controlled by Mr Saqib Mirza, Mr Daryl Blake and Mr Stuart Young.

Who runs Sciopay?

Companies House lists 3 directors of Sciopay: Daryl Blake, Saqib Mirza and Stuart Young.

How long has Sciopay been in business?

The company was formed on 6 December 2019, and has held its current FCA authorisation since February 2021.