Company Information

Get to know Ecospend, a Trustly Company

Founded in 2017, Ecospend is a leading provider of Open Banking technology in the United Kingdom. The company is authorised by the Financial Conduct Authority (FCA) to provide both Payment Initiation Services (PIS) and Account Information Services (AIS). Its core mission is to leverage Open Banking to create more efficient, secure, and cost-effective payment rails that bypass traditional card networks. In 2022, Ecospend was acquired by the global payment provider Trustly to strengthen its Open Banking capabilities and presence in the UK market. Ecospend is well-known for its contract with the UK's tax authority, HMRC, to provide 'Pay by Bank' services for tax payments.

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Ecospend, a Trustly Company

United Kingdom

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.