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Finnish Fintech Giant Enfuce Secures UK E-Money License, Aiming for Pan-European Growth

In a significant move for the fintech sector, Enfuce Financial Services Oy, a leading Finnish fintech company, has successfully secured an Electronic Money Institution (EMI) license in the United Kingdom. This strategic development is poised to reshape the landscape of electronic money services, card issuing, and payment solutions across the UK, signaling Enfuce’s ambitious plans for European expansion.

Enfuce’s Strategic Leap Forward

Founded with the vision to redefine payment solutions, Enfuce has carved a niche for itself as a one-stop shop for businesses looking to issue cards to their customers. The company supports a wide array of card programs, including debit, credit, prepaid, gift, fleet, and fuel cards, in various forms such as plastic, digital, and tokenized. With the newly acquired EMI license from the UK’s Financial Conduct Authority (FCA), Enfuce is set to offer electronic money services along with its existing card issuing and payment processing solutions to its UK clientele.

Impact of the EMI License

The EMI license marks a pivotal milestone for Enfuce, enabling the company to operate with “full control” over the entire payment process. This autonomy ensures a seamless onboarding experience for UK clients, providing them with a comprehensive and secure payment solution that is both efficient and scalable. This regulatory approval not only affirms Enfuce’s commitment to upholding the highest standards but also opens doors to new opportunities in the competitive payments market.

Finnish Fintech Enfuce Secures UK E-Money License: A Game-Changer for European Expansion
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Enfuce’s Expansion and Partnerships

Since its UK launch in June 2022, Enfuce has established key strategic partnerships with notable UK fintech and financial services companies, such as Funding Circle and Science Card. These collaborations underscore Enfuce’s significant role in the UK’s fintech ecosystem and highlight its readiness to drive innovation in the payments sector.

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Leadership and Vision

The leadership team at Enfuce, spearheaded by co-founders and co-CEOs Denise Johansson and Monika Liikamaa, is at the forefront of the company’s expansion efforts. The recent appointment of Laurence Krieger, with his extensive experience in the fintech and challenger banking industry, as the chairman, is set to further fuel Enfuce’s growth ambitions.

Looking Beyond the UK

Enfuce’s aspirations extend beyond the UK market. With a strategic focus on partnerships, innovation, and customer-centric solutions, the company aims to cater to the nuanced needs of today’s digital economy across Europe and globally. This vision is backed by a series of successful fundraising efforts, including a notable €8.5 million in equity funding and a robust €45 million Series C funding round, underscoring the financial community’s confidence in Enfuce’s potential.


The acquisition of the EMI license by Enfuce signifies a major leap forward for the fintech sector. As Enfuce continues to expand its global presence and redefine the payments landscape, it exemplifies the dynamic potential of fintech companies to innovate and thrive in a rapidly evolving market. With its strategic partnerships, visionary leadership, and regulatory approval, Enfuce is well-positioned to set new benchmarks in financial technology, marking a new era of growth and innovation.

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