First Exchange Ltd

Reference number: 910530

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Registered with the FCA

This firm is registered as a small payment institution. That is a lighter regime than full FCA authorisation, applied to smaller payment firms, and safeguarding of customer money is optional at this size.

Same company

This company holds another FCA record

A company can hold several FCA records, covering different parts of its business, and each one carries its own permissions and protection. The reference number you were given decides which record applies to you.

Identity

Check their details

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

Also trades as
  • Tayo Send

Company details

From the company's Companies House record.

Company number
07700996
Company status
Active
Company type
Private limited company
Incorporated
12 July 2011 (15 years old)
Registered office
Matches the FCA register address ✓
Nature of business
  • Financial intermediation not elsewhere classified (SIC 64999)

Current directors and secretaries

Name Role Born Appointed
Ibrahim Barow Director Oct 1969 12 Jul 2011
Mohamed Ibrahim Osman Secretary Not published 21 Jul 2025

Check on the FCA register → Report a scam →

Activities and protection

What they can do, and how you are protected

  • Handle payments & transfers No FSCS cover
    Safeguarding is optional for a payment firm of this size, so your money may not be held in a separate protected account. Ask the firm whether it safeguards customer funds before sending it money. FSCS protection does not apply either way.

    How safeguarding works →

Show FCA detail (1 permission)
  • 6. Money remittance.

Complaints: You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.

Track record

FCA actions and complaints

No FCA disciplinary action, and no complaints recorded with the Ombudsman.

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Common questions

Frequently asked questions

Is First Exchange Ltd FCA authorised?
Yes, First Exchange Ltd (FRN 910530) is registered with the FCA and permitted to provide its regulated services.
Is my money safe with First Exchange?
Protection depends on which product you hold and how First Exchange handles your money, so check the specific product before you commit. You can also refer complaints about First Exchange to the Financial Ombudsman Service, free of charge.
Is First Exchange a scam or clone?
First Exchange is a genuine FCA-listed firm. However, scammers sometimes clone authorised firms. Always check that the contact details you were given match those on the FCA register before sending money or sharing information.
What is First Exchange's Firm Reference Number (FRN)?
First Exchange's FRN is 910530. You can verify it on the FCA register.