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  1. 01Data
  2. 02Source
  3. 03Verification
A

Sample Financial Institution

Broker · United Kingdom

Last checked: 23.09.2026
REGULATIONOfficial record verified

The licence number and scope are matched directly against the regulator’s source.

● Official source
USER FEEDBACKRecurring topics

Topics such as withdrawals, support and trading conditions are grouped by period.

● Verified platform record
COMPANY STATEMENTData disclosed by the company

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● Statement
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Vel (Velocity Transfers)

Payment institution · United Kingdom

About the company

Legal company nameVelocity Transfers UK Limited
Year founded2017
Headquarters / registered countryLondon, United Kingdom
Websitevelocitytransfers.co.uk
Last checked08.10.2026

According to its official website, Vel is an international money transfer platform that lets individuals and businesses send money between the United Kingdom and Nigeria. The site lists individuals supporting family, freelancers, students and businesses paying Nigerian suppliers, employees or partners as its users; it offers bank account, mobile wallet or cash pickup payout and funding by bank transfer, card or mobile wallet, with transfers from a GBP wallet in the UK to naira accounts in Nigeria. Fees depend on the sending country, payment method and amount, and limits depend on the verification level. The site links to the app on the App Store and Google Play, while some sections say the app is available soon and offer a waitlist. The seller of the Vel app on the App Store is Velocity Transfers UK Limited; in the FCA register the company's trading names are Velocity, Velocity Money and Velocity International, and its permission is limited to money remittance. The company was incorporated in 2017 as Jabex International Limited. This information is the company's own statement.

Account Details

ACCOUNT TYPESIndividual and business clients
MIN. DEPOSITNot stated
PLATFORMSVel mobile app (iOS, Android) · Web app
PRODUCTSInternational money transfer · GBP wallet · Bank, mobile wallet and cash pickup payout

Licences and regulation

FCA (United Kingdom)

Licence no.FRN 797342
Licence holderVelocity Transfers UK Limited
ScopeListed in the FCA register as an Authorised Payment Institution under Velocity Transfers UK Limited (FRN 797342) since 14 Nov 2018.
StatusVerified

Sources and verification history

Official company sourcesvelocitytransfers.co.uk — homepage, Company, Contact and Partners pages; App Store listing
Regulator recordsFCA — Velocity Transfers UK Limited, FRN 797342 (register.fca.org.uk)
Company registerCompanies House — VELOCITY TRANSFERS UK LIMITED, company no 10675956, incorporated 17 Mar 2017
User feedback sourcesTrustpilot · Şikayetvar · WikiFX
Last verified08.10.2026

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