This development underscores Enfuce’s dedication to expanding its presence across the UK and Europe. Securing an Electronic Money Institution (EMI) license from the Financial Conduct Authority (FCA) enables Enfuce to offer a broader range of electronic money services, card issuing, and payment solutions directly to its clients in the UK, ensuring a seamless experience.
Enfuce has already secured an EMI license from the Finnish Financial Supervisory Authority (FSA), which, combined with the FCA license, solidifies Enfuce’s market position. Strategic partnerships with leading UK fintech and financial services firms like Funding Circle and Science Card have been instrumental in driving its growth.
Since its inception, Enfuce has prioritized regulatory compliance and security. The company’s commitment to these principles is evident through the use of state-of-the-art infrastructure, including cloud-based payment processing. This helps maintain a high standard of security and efficiency for clients while aligning with ESG (Environmental, Social, and Governance) principles as part of its broader governance strategy.
Receiving the FCA’s EMI license is a significant milestone for Enfuce, empowering the company to enhance its market access, operational capabilities, and flexibility in the evolving payments landscape. This licensing also ensures adherence to stringent regulatory standards.
About Enfuce
Enfuce is distinguished as the first financial service provider globally to achieve Payment Card Industry Data Security Standard (PCI-DSS) certification while operating in the public cloud. Focused on collaboration, Enfuce efficiently provides customers with new features—offering in-house experts and white-labelled technology to assist companies in creating scalable payment solutions with ease.
Enfuce supports a wide range of card programmes including debit, credit, prepaid, gift, fleet, and fuel cards for both consumer and commercial applications. In December 2023, Enfuce extended its partnership with Visa to launch the latter’s Fleet 2.0 solution. The collaboration began in June 2021 when Enfuce launched a programme enabling European fintechs to introduce their payment card offerings. The new certification allowed Enfuce to deliver the Visa Fleet 2.0 solution to joint potential customers, aiming to improve fleet management across Europe by providing data and insights, cost minimization, and input into sustainable transportation and mobility budgets.
