Key Data

• Trading Name: Mercuryo
• Legal Entity: MoneySwap OÜ, MoneyTea Ltd, MoneyAmber UAB, MoneyMaple Tech LTD
• Activities: Crypto payment processor, Banking-as-a-Service (BaaS)
  
• Location: Estonia, Canada, and United Kingdom
• Regulations: registered Money Services Provider (MSB), MoneyTea is a registered FCA agent
• Key People: Petr Kozyakov (LinkedIn), Alexander Vasiliev (LinkedIn), Greg Waisman (Linked),

Mercuryo is a crypto payment processor co-operated by three companies  MoneySwap OÜ, Estonia, Moneymaple Tech Ltd, Canada, and Moneytea Ltd, United Kingdom. MoneySwap is a licensed crypto company, Moneymaple is a registered Money Services Provider (MSB), and MoneyTea is a registered FCA agent, controlled by the Russian Petr Kozyakov.

Estonian Karen Gevorkjan is registered as the sole director of MoneySwap. She is a nominee director who also works at Estonian entities Pradexx OÜ and NYMERIA OÜ, which also operate with crypto licenses.

The acting CEO is the Russian Petr Kozyakov (LinkedIn). He co-founded Mercuryo with his Russian partner Alexander Vasiliev (LinkedIn) and the Moscow resident Greg Waisman (LinkedIn). According to the UK Companies House, UK-registered Moneytea Ltd (formerly Moneyrain Ltd) is controlled by Russian Petr Kozyakov, born in August 1988.

The Offering

Mercuryo is a merchant service provider offering an API to enable merchants to accept crypto payments and FIAT payments including credit and debit cards.

Their service includes:

• On- and off-ramps
• Banking-as-a-Service
• Crypto Pay in & Pay out
• Fiat Pay in & Pay out
• Wallet

Fiat pay-in services are provided by MoneyTea LTD, registered in the FCA as PSD Agent (FCA Reference number: 850523) of Cauri LTD (PR42 profile), an FCA-authorized Payment Institution (reference number: 683817), and the FCA-regulated E-Money Institution Monetley (reference no: 900921).

IBAN services are provided by Monetley (PR42 profile), an FCA-authorized E-Money Institution (EMI) with reference number: 900921.

Fees:

not given on the website

Reviews:

On Trustpilot, Mercuryo has an “Excellent” trust level with a 4.7-star rating based on several hundred reviews.

News:

In February 2022, the company announced that it is serving more than 2 million clients worldwide with its 200 employees.

Conclusion

Mercuryo has been added to our Green Compliance List due to several key factors:

1. Beneficial Ownership Identification: Mercuryo has cooperated closely with us to provide comprehensive information about its beneficial owners, demonstrating transparency and accountability within the organization.
2. KYC/AML Implementation: Mercuryo has proactively implemented Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, showing a commitment to preventing illicit activities. These measures include verifying user identities and monitoring transactions to safeguard against unauthorized or illegal operations.
3. Regulatory Alignment: Mercuryo’s compliance framework aligns with industry standards in the regulated financial services sector. Their dedication to legal requirements ensures a secure environment for users and merchants alike.