Moorwand
Moorwand Ltd
Moorwand is a UK electronic money institution, authorized by the FCA, specializing in end-to-end payment solutions for fintechs and businesses: BIN sponsorship, card issuing, banking-as-a-service and compliance-as-a-service. Through BIN sponsorship it offers direct access to the Mastercard network, cutting costs and collateral requirements for launching card programs (especially prepaid) and multi-currency accounts.
Data & conditions
| Service type | Card issuing / BaaS |
|---|---|
| Pricing model | Not disclosed |
| Card networks | Mastercard |
| Card types | prepaid, physical, virtual |
| Custody model | qualified-custody |
| Customer type | Fintech, SMEs, Enterprise |
| Fund custody | Custodial (platform holds funds) |
| Supported countries | UK, EEA |
| Regulator | FCA (UK) |
| Segment | B2B |
| MiCA / License status | FCA e-money institution (EMI) |
Strengths
- FCA-authorized EMI with direct Mastercard BIN sponsorship for card programs.
- Integrated offering (card issuing + e-money + compliance-as-a-service) to launch fintech programs.
- No notable sovereignty advantage documented.
Weaknesses
- B2B infrastructure: not directly accessible to end consumers.
- Operations concentrated on UK/EEA and the Mastercard network.
- Custodial: the platform holds your funds and can freeze or lose them.
Verdict
Score 3.5/5, solid profile. In its favour: fCA-authorized EMI with direct Mastercard BIN sponsorship for card programs. The trade-off to weigh: b2B infrastructure: not directly accessible to end consumers.
On the Sovereignty lens the score is 0.5/5 (weak): the strength is fund control (0.5/5).
Promp's editorial rating based on real fees and net annual cost. Promp reviews third-party products independently.
"Sovereignty" rating: score computed on privacy/anonymity (30%), fund control (20%), censorship resistance (20%), trustless/auditability (20%) and costs (10%). Same data, different weights.
FAQ
Can an individual open an account with Moorwand?
No. Moorwand is a BaaS/BIN-sponsor provider for fintechs and businesses: end users receive cards or accounts from programs built on Moorwand's services, not from Moorwand directly.
Does Moorwand custody funds?
Yes. As an FCA-authorized electronic money institution, it holds and safeguards the e-money funds of the programs it hosts, in line with regulatory obligations.
Sources
- Official service page Data verified on Jul 17, 2026
- thebanks.eu Data verified on Jul 17, 2026