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Tintra PLC announced on 25 May 2023 that its wholly owned subsidiary, Tintra Money Limited, withdrew its application to the Financial Conduct Authority (FCA) for an authorised electronic money institution licence, which was originally submitted on 8 November 2022. The Group is currently in the process of resubmitting a revised application, expected before the end of May.
| Date | 25 May 2023 |
| Time | 14:17:51 |
| Category | Corporate updates |
| ID | 6973A |
25 May 2023
TINTRA PLC
("Tintra", the "Group" or the "Company")
Update on UK Licence Application
The board of directors of Tintra (the "Board"), the fast-growth Deep Tech & Banking business, provides an update to its licence application with the Financial Conduct Authority ("FCA").
As announced on 8 November 2022, the Company's wholly owned subsidiary, Tintra Money Limited, had submitted an application and required accompanying documentation to the FCA to become an authorised electronic money institution. The process remains ongoing with the current status being that following feedback received from the FCA, advancements with the Group's software and the ongoing separate application for a Small Bank Licence with the Prudential Regulation Authority in the UK in the intervening period, the Group withdrew its original application and is currently in the process of resubmitting a revised application that it expects to do before the end of May.
For further information, contact:
|
Tintra PLC (Communications Head) Hannah Haffield Website www.tintra.com |
020 3795 0421 |
|
Allenby Capital Limited (Nomad, Financial Adviser & Broker) John Depasquale / Nick Harriss / Vivek Bhardwaj |
020 3328 5656 |