Legal Information

Our regulatory position

We provide payment-linked financing products to business customers.

We comply with UK GDPR and the Data Protection Act. We collect only the data we need to deliver and improve the service, assess eligibility, and meet our legal obligations.

Where payment accounts or e-money are involved, these are provided by our regulated partners. For example, payment accounts may be provided by Modulr FS Limited, an Electronic Money Institution authorised by the FCA. Funds are safeguarded in line with the Electronic Money Regulations. These funds are safeguarded rather than guaranteed by the Financial Services Compensation Scheme.

Modulr Disclaimer

SAPI Group Limited is a distributor of Modulr FS Limited, a company registered in England and Wales with company number 09897919, which is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution (Firm Reference Number: 900573) for the issuance of electronic money and payment services. Your payout account and related payment services are provided by Modulr FS Limited. Whilst Electronic Money products are not covered by the Financial Services Compensation Scheme (FSCS) your funds will be held in one or more segregated accounts and safeguarded in line with the Electronic Money Regulations 2011 – for more information please see link.

Important information about Payment Linked Advance

Business customers only. A Payment Linked Advance is a purchase of future receivables from your business revenue. It is not a loan, it is not regulated consumer credit, and it is not for personal use. Funding is subject to status, affordability and underwriting, and guarantees will be required.

Regulatory and protections
SAPI Group Limited and SAPI Origination Limited are not authorised or regulated by the Financial Conduct Authority for consumer credit or other regulated activities. The Financial Ombudsman Service may not be able to consider complaints, and arrangements are not covered by the Financial Services Compensation Scheme. Separately, both entities are registered with the Financial Conduct Authority as Annex I firms under the Money Laundering Regulations 2017 for AML supervision, reflecting our commitment to robust financial crime prevention standards.

Introducers and partners
Introducers and partners that introduce a merchant to SAPI will receive an introduction commission from SAPI.

Independent advice
Merchants should seek independent financial and legal advice if unsure about any terms or obligations.