Updated: 5th November 2025

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Note: To successfully obtain an SPI license, the regulator typically expects proof of liquid funds of at least GBP 120,000, and for an API license, at least GBP 180,000. Pricing for the Canadian option is not included in this proposal.

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Referral Fee Structure for Applying for your Own License

SPI

My one-time referral fee for SPI is £12,500.

The payment terms are as follows:

• £5,000 is payable upon signing of the Referral Agreement.
  • Of this amount, 50% (£2,500) is refundable only if I am unable to introduce a successful solution provider within the agreed scope.
• The remaining £7,500 becomes due and payable upon execution of a Master Services Agreement (MSA) between you and the referred Solution Provider.

API

My one-time referral fee for SPI is £20,000.

The payment terms are as follows:

• £5,000 is payable upon signing of the Referral Agreement.
  • Of this amount, 50% (£2,500) is refundable only if I am unable to introduce a successful solution provider within the agreed scope.
• The remaining £15,000 becomes due and payable upon execution of a Master Services Agreement (MSA) between you and the referred Solution Provider.

Please note that fees and terms are subject to change; kindly inquire within for confirmation of current pricing prior to engagement.

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Referral Fee Structure for Operating under Existing License

My one-time referral fee for this project is £12,000.

The payment terms are as follows:

• £6,000 is payable upon signing of the Referral Agreement.
  • Of this amount, 50% (£3,000) is refundable only if I am unable to introduce a successful solution provider within the agreed scope.
• The remaining £6,000 becomes due and payable upon execution of a Master Services Agreement (MSA) between you and the referred Solution Provider.

Please note that fees and terms are subject to change; kindly inquire within for confirmation of current pricing prior to engagement.

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Proposal: UK Money Transfer Licensing Solutions

We offer two distinct pathways to enter the market:

1. Applying for your own FCA license — either an SPI (Small Payment Institution) or an API (Authorised Payment Institution) license.
2. Partnering under an existing license — commonly known as license sponsorship or the agency model.

Below, is an overview of each route, including costs, requirements, timelines, and key inclusions.

1. Apply for Your Own License (SPI or API)

We manage the end-to-end process of obtaining your own FCA license, including business setup, application drafting, and post-submission support.

Package Inclusions:

• UK company formation & incorporation under England & Wales law
• Registered & head-office address setup
• Initial UK tax advisory (VAT, corporation tax & payroll optimization)
• Full regulatory application management
• Drafting & submission of FCA license documents