SimbaPay Ltd

Reference number: 919098

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Registered with the FCA

This firm is registered as a small payment institution. That is a lighter regime than full FCA authorisation, applied to smaller payment firms, and safeguarding of customer money is optional at this size.

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.

In the full report: 3 background checks

  • When simbapay.com first appeared online, and whether it can receive email
  • What kind of line 020 3137 8517 is
  • Who else gives the postcode EC1V 9EY
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FCA permissions and consumer protection

  • Handle payments & transfers No FSCS cover
    Safeguarding is optional for a payment firm of this size, so your money may not be held in a separate protected account. Ask the firm whether it safeguards customer funds before sending it money. FSCS protection does not apply either way.
  • 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 (2 permissions)
  • 5. Issuing and/or acquiring of payment instruments.
  • 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 number
08407331
Company status
Active
Company type
Private limited company
Incorporated
18 February 2013 (13 years old)
Registered office
One, Glass Wharf, Bristol, BS2 0ZX, United Kingdom
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Directors and company secretaries

Name Role Born Appointed Other companies
Enoch Nyasinga Onyancha Director May 1984 20 Aug 2013 1 other company
Sagini Onyancha Director Apr 1977 24 Aug 2021 None
Frances Tyner Director Feb 1992 4 Sep 2023 None

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 company
1
closed down
1

In the full report: all 1 company, 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
  • All 8 people who have ever been directors, with their dates
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Filed accounts and finances

Year to 30 April 2022Full accountsAudited

Net assets

−£155k

No earlier figure to compare

Cash at bank

£37.2k

−70% from £126k

Employees (average)

11

+10% from 10

Owed within a year

£667k

+130% from £289k

Net assets are negative: on its last balance sheet the company owed £155k more than it owned.

Assets and liabilities

In the full report: all 4 years of accounts

  • Every year from 2019 to 2022
  • The chart, over every year
  • Every filed figure, year by year
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About these figures
Turnover
Money taken from sales in the year, before any costs.
Profit before tax
What was left after the year’s costs, before corporation tax. A minus figure is a loss.
Net assets, or total equity
Everything the company owns minus everything it owes. A minus figure means it owes more than it owns.
Total assets and total liabilities
Everything the company owns, and everything it owes, on the last day of the year. The gap between them is its net assets.
Cash at bank
Money in the company’s accounts on the last day of the year.
Owed within a year, owed after a year
Debts and bills due in the next twelve months, and those due later.

Accounts filed at Companies House for company 08407331. Every figure is as filed, apart from total assets and total liabilities, which are added up from filed figures. Nothing is estimated.

Key dates in its history

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

Key events (10) All events (24)

2024

21 February 2024

  • Onafriq UK Holdings Limited gave up control
  • Onafriq UK Limited took control (75–100% of shares)

Companies House

2022

9 December 2022

  • Onafriq UK Holdings Limited took control (75–100% of shares)
  • Sagini Onyancha gave up control

Companies House

2020

8 July 2020

  • Regulated by the FCA from this date
  • No longer supervised by HMRC
  • Registered as a small payment institution

FCA register

3 July 2020

  • Supervised by HMRC under the money laundering rules from this date

FCA register

2016

6 April 2016

  • Sagini Onyancha took control (75–100% of shares)

Companies House

2013

18 February 2013

  • Incorporated at Companies House

Companies House

In the full report: all 24 events

  • All 24 events in its history (10 shown here)
  • Every director appointment and resignation: 13
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Firms like SimbaPay

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

In London

Uber Payments UK LimitedLondonAuthorisedWise Payments LimitedLondonAuthorisedForisgfs UK LimitedLondonAuthorisedWepay Payments Ltd.LondonAuthorisedAirbnb Payments UK LimitedLondonAuthorisedMollie UK Ltd.LondonAuthorised

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 SimbaPay

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

  • 1 other company its directors have run, named
  • 3 background checks on its contact details
  • 4 years of accounts, charted
  • All 24 events in its history

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Frequently asked questions about this firm

Is SimbaPay Ltd FCA authorised?
Yes, SimbaPay Ltd (FRN 919098) is registered with the FCA and permitted to provide its regulated services.
What is SimbaPay’s phone number and website?
The FCA register lists the phone number 020 3137 8517 and the website SimbaPay.com/business for SimbaPay. If you were given different contact details, use these to check with the firm before going any further.
Is SimbaPay a scam or clone?
SimbaPay 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 SimbaPay?
Protection depends on which product you hold and how SimbaPay handles your money, so check the specific product before you commit. You can also refer complaints about SimbaPay to the Financial Ombudsman Service, free of charge.
Who owns SimbaPay?
SimbaPay is owned by Onafriq UK Limited, which holds 75–100% of shares, 75–100% of votes and can appoint and remove the board, since 21 February 2024. Before that, it was controlled by Mr Sagini Onyancha and Onafriq UK Holdings Limited.
Who runs SimbaPay?
Companies House lists 3 directors of SimbaPay: Enoch Nyasinga Onyancha, Sagini Onyancha and Frances Tyner.
How long has SimbaPay been in business?
The company was formed on 18 February 2013, and has held its current FCA authorisation since July 2020.
What do SimbaPay’s latest accounts show?
Its latest accounts, to 30 April 2022, show net assets of −£155k (no earlier figure to compare) and cash at bank of £37.2k (−70% from £126k).

Sources and links

The full report on SimbaPay Ltd

£19.99 · Instant PDF download

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