What is a SEMI licence?
If you’re a UK-based business looking to issue electronic money, you must register with the FCA as either an Authorised Electronic Money Institution (AEMI) or a Small Electronic Money Institution (SEMI), depending on the scale of your operations.
A SEMI licence is designed for smaller firms or startups that:
A SEMI licence offers a more accessible, lower-barrier route into the e-money space for businesses at an early stage of growth.
What do I need to get a SEMI licence?
To register as a Small Electronic Money Institution (SEMI) in the UK, your business must meet the following FCA requirements:
Meeting these criteria ensures your business is well-positioned to obtain a SEMI licence and legally operate within the UK’s e-money and payment services sector.
How long does it take to get a SEMI licence?
We aim to submit your SEMI licence application within two weeks. Once submitted, the FCA typically makes a decision within three months of receiving a complete application. In some cases, we’ve secured in-principle approval in as little as two working days.
Will I be accepted for a SEMI licence?
With a 99% success rate, we take pride in our track record. Before we proceed, we’ll conduct a full pre-screening of your company, directors, and shareholders to ensure you meet the FCA’s criteria. This helps us move forward with confidence and gives you the best chance of securing your SEMI licence on the first attempt.
How much does it cost?
We charge a flat fee for managing your SEMI licence application. This includes unlimited follow-up with the FCA until your licence is fully granted—providing end-to-end support with no hidden costs.
