MuchBetter

MuchBetter is a brand, not a licence-holder. The UK licence sits with MIR Limited UK Ltd (Companies House 10417552, Berkeley Square House, London), an FCA Authorised Electronic Money Institution, FRN 900704. The FCA's firm checker returns 900704 against MIR Limited UK Ltd and lists only firms that currently hold permission, and the FCA's published e-money register gives its status as Authorised Electronic Money Institution. That licence permits issuing e-money and providing payment services; balances are pooled in segregated safeguarding accounts under the Electronic Money Regulations 2011 and are explicitly not FSCS-protected, which MIR's filed 2024 group accounts also confirm. A Canadian registration, FINTRAC M20893888, rests on MIR Canada Financial Ltd.'s own terms and is not recorded here: FINTRAC's MSB search refuses automated requests, so a reader could not resolve it.

The structure matters more than the UK licence. MuchBetter holds no EEA authorisation of its own — no MIR or MuchBetter entity appears anywhere in the EBA Payment Institutions Register. EEA e-money is issued under Sureswipe E.M.I. PLC's Cypriot licence, register number 115.1.3.26, and distributed by Quickpay Limited of Dublin. The Central Bank of Cyprus register workbook gives Sureswipe's company number as HE375602, not the HE366500 that MuchBetter's own terms state, and confirms the trading name Revsto, payment services 2, 3, 5, 7 and 8, and Quickpay Limited on Sureswipe's distributor sheet. Watch for Quickpay Tech (Cy) Ltd on the same register: a separately authorised EMI and a different company. MIR's accounts disclose Quickpay as outside the group but "controlled by one of the directors", owing MIR £3.85m — a related party, not the arm's-length "third party EMD supplier" the terms describe.

Cards and wearables are issued by Paynovate SA of Belgium under a Mastercard licence, so card funds sit with a Belgian EMI. Enterprise number 0506763929 resolves at the Belgian Crossroads Bank for Enterprises to PAYNOVATE NV of Kantersteen 47, 1000 Brussels, active — that settles the company but not the e-money authorisation claimed for it, and the National Bank of Belgium's own list could not be read, so no Belgian authorisation is recorded.

Australia is separately licensed under AFSL 540851, which appears in ASIC's own dataset but was not re-read here. The Spanish vehicle MIR-MuchBetter EDE S.L. was dissolved in 2024, and UAB MIR Lithuania is unlicensed. The ultimate owner is Manatee Holdings Limited, Cayman Islands. No US licence was found, which is consistent with the US being a country MuchBetter does not service.

Checked against MuchBetter’s own documentation on 21 October 2026. Coverage changes; confirm anything you are about to build on.