Hosted remittance software for SPI licence applicants. Practice FCA compliance workflows, prepare documentation & launch your money transfer software — upgrade when ready.
Applying for your SPI licence? Remitz gives you access to a hosted remittance software environment so you can prepare your operations, train your team and build your compliance documentation before you're authorised.
An SPI (Small Payment Institution) licence is issued by the FCA (Financial Conduct Authority) and allows UK businesses to process up to €3 million in payment transactions per month. Remitz provides a dedicated £79/month hosted remittance software environment specifically designed for SPI licence applicants.
Safeguarding customer funds is not mandatory at SPI level, though the FCA regards it as good practice and some banking partners expect it regardless. It becomes mandatory the moment you move to full Authorised Payment Institution permission — segregated client accounts, and reconciliation of safeguarded balances against customer liabilities.
Plan for it before you need it. Remitz never holds, receives or controls client money, so safeguarding is always your obligation and your bank account, not ours. What the platform gives you is the underlying record: a full transaction ledger, nostro-account balances reconciled against your payout partners, settlement records and an exportable audit trail.
Remitz does not currently provide a purpose-built safeguarding reconciliation module or automated safeguarding attestation reporting. If your permission requires daily safeguarding reconciliation, that process sits with your finance function, using the records above.
Eleven real screens — the customer journey and the operator console.
Compare all plans including the SPI Licence applicant tier.
Full feature set for compliance, agent management, and FX.
See the SPI licence platform in a personalised walkthrough.
Step-by-step FCA process — documentation, timelines, fees.
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