Equals Group Plc Investor Relations

About Equals Group Plc

 

Equals develops and sells scalable payment platforms to enable organisations to move and easily manage their money flows through its payment and card products.

Its core brands are:

Equals Money – an international, domestic and card payment platform comprising the “Spend” and “Pay” products for ‘just-in-time” expenditure needs of our customers who range from Hollywood studios to dynamic start-ups and fast growing businesses. 

Equals Money Solutions – an enterprise scale-up of the Equals Money platform serving large corporates and financial institutions with complex payments needs

FairFX – a travel card and international payment product covering the needs of high-net-worth individuals, international holidaymakers, and their families

CardOneMoney - UK focused product to meet the needs of small business and individuals for everyday account processes , allowing them to run their payments, direct debits, and cards via their account.

Equals Connect - a white label platform serving smaller FX providers

Equals Group PLC (the “Company”) is a public limited liability company incorporated in England and Wales and domiciled in the UK whose shares are admitted to AIM, a market operated by The London Stock Exchange.

In addition to be regulated on AIM, various group companies are regulated by FCA and HMRC . Through one group company, the Group has access to real-time settlement accounts with the Bank of England and is a member of the UK Faster Payments Scheme, meaning customers can transfer and receive funds with immediate effect. 

The European Payments Council has accepted a group company to belong to “SEPA” – the “instant” fund transfer mechanism for the Euro zone. Membership of SEPA allows Equals customers to receive instant Euro credits to their own-name multi-currency IBAN and instantly send Euro payments to other SEPA scheme members. These connections, complimented with SWIFT, allow the group to provide a true multi-currency account to its customers.

Country of Incorporation

Equals Group Plc is incorporated and registered in England and Wales (Registration number: 08922461) and its main country of operation is in the United Kingdom.

Our Products

RUSSIAN/UKRAINIAN RISK UPDATE

Equals Group provides this opportunity to report on the measures we have taken in response to the developing situation in Ukraine. The Group has a dedicated team in place across Operations, Engineering, Risk and Compliance who are continuously monitoring the situation, addressing our obligations and directing our response.

The Group had minimal exposure to Russia, Belarus and nationals of both nations prior to the recent events in Ukraine. In the last few weeks we have closed or suspended any accounts directly or indirectly impacted by sanctions and other restrictions imposed by the UK, EU and US. We no longer hold any forward positions with RUB or Russian entities or nationals. We are also prohibiting the use of cards in Russia and Belarus and have communicated this to customers with prior spend in these countries.

In accordance with our risk and sanctions framework, Group entities are conducting enhanced due diligence against any and all transactions to or from Russia, Belarus and Ukraine. 

As a business, the Group is committed to supporting those impacted by the conflict and has participated in collections at our Chester office to send supplies to refugees in Poland. We will continue to monitor this situation and will continue to explore the ways we can support refugees while maintaining compliance with the developing sanctions.

Smart Technology for Moving Money in Real Time

 

1 million+

Satisfied customers

    

on Trustpilot

 

13+ years

in business

 

#1

Voted the UK’s most recommended brand for payment services 2020