Seachange Financial Services Limited

Reference number: 900647

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Authorised by the FCA

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

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

  • No phone number on the FCA register

  • Address

    Office 3.03 1, Cornhill, London, EC3V 3ND, United Kingdom

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

  • Whether EC3V 3ND is a shared office: 24 other firms give it
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Other names (2)

If you were contacted under any of these names, it is this firm.

  • Merpay Ltd Former name
  • Mercari Former trading name

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 (8 permissions)
  • a) Services enabling cash placement on a payment account
  • b) Services enabling cash withdrawals from a payment account
  • c) Execution of payment transactions (not covered by a credit line)
  • d) Execution of payment transactions (covered by a credit line)
  • e) Issuing payment instruments or acquiring payment transactions
  • f) Money remittance
  • g) Execution of payment transactions via telecoms, IT system or network operator
  • h) Issuing Electronic Money

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 number
10137848
Company status
Active
Company type
Private limited company
Incorporated
21 April 2016 (10 years old)
Registered office
Office 3.03 1 Cornhill, London, EC3V 3ND, United Kingdom
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Yue Chen Director Jun 1987 10 Jan 2025 6 other companies
Ying Liu Director Dec 1976 4 Nov 2025 2 other companies
Tao Yun Director Dec 1979 2 Feb 2026 1 other company

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
9
closed down
3
are FCA-registered
2

In the full report: all 9 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 2 on the FCA register
  • All 9 people who have ever been directors, with their dates
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Key dates in its history

Seachange Financial Services’s history from the FCA register and Companies House, newest first.

Key events (18) All events (35)

2025

4 November 2025

  • Fmft Holdings Limited gave up control
  • Kangda Rao became a part-owner (25–50% of shares)
  • Thaer Ziad Sabri gave up control
  • Xuemei Yu became a part-owner (25–50% of shares)
  • Yingnan Lu became a part-owner (25–50% of shares)

Companies House

2019

18 September 2019

  • Changed its registered name from "Seachange Financial Services Limited"

FCA register

22 August 2019

  • Changed its registered name from "Merpay Ltd"

FCA register

25 July 2019

  • Fmft Holdings Limited took control (75–100% of shares)
  • Mercari Inc gave up control

Companies House

21 July 2019

  • Shintaro Yamada no longer has significant control

Companies House

25 January 2019

  • Thaer Ziad Sabri took control (75–100% of shares)

Companies House

2018

16 March 2018

  • Regulated by the FCA from this date
  • No longer regulated by the FCA
  • Became an authorised e-money institution

FCA register

2016

8 December 2016

  • Regulated by the FCA from this date

FCA register

21 April 2016

  • Incorporated at Companies House
  • Mercari Inc took control (75–100% of shares)
  • Shintaro Yamada gained significant control

Companies House

In the full report: all 35 events

  • All 35 events in its history (18 shown here)
  • Every director appointment and resignation: 15
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Firms connected to Seachange Financial Services

Other FCA-listed firms that share a director, phone number or address with Seachange Financial Services. A link shows who the firm is tied to, not whether either can be trusted.

connected firm
1
share a director
1
past link
1

In the full report: the connected firm, named

  • How it is linked: shared directors (1)
  • Who links it to this firm: the named directors, with dates
  • 1 past link through former directors
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Firms like Seachange Financial Services

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

In London

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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 Seachange Financial Services

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

  • 9 other companies its directors have run, named
  • 1 background check on its contact details, 1 flagged
  • All 35 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Seachange Financial Services Limited FCA authorised?
Yes, Seachange Financial Services Limited (FRN 900647) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since March 2018 and works as a payment or money transfer firm. The FCA has placed no limits on its permissions.
Is Seachange Financial Services a scam or clone?
Seachange Financial Services 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 Seachange Financial Services?
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 Seachange Financial Services to the Financial Ombudsman Service, free of charge.
Who owns Seachange Financial Services?
Companies House lists 3 people with significant control of Seachange Financial Services: Xuemei Yu (25–50% of shares), Kangda Rao (25–50% of shares) and Yingnan Lu (25–50% of shares). Before that, it was controlled by Fmft Holdings Limited, Dr Thaer Ziad Sabri and Mercari Inc.
Who runs Seachange Financial Services?
Companies House lists 3 directors of Seachange Financial Services: Yue Chen, Ying Liu and Tao Yun.
How long has Seachange Financial Services been in business?
The company was formed on 21 April 2016, and has held its current FCA authorisation since March 2018.
Does Seachange Financial Services use any other names?
It has previously used 2 other names: Merpay Ltd and Mercari.

Sources and links

The full report on Seachange Financial Services Limited

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