Deel’s European payments companies: Atlantic Money, ownership and licences

analysisAtlantic Money Ltd became DEEL PAYMENTS UK LTD on April 16, 2026, retaining company number 13057810. Its December 2025 confirmation statement lists Atlantic Money, Inc. as holder of all six ordinary shares. The 2024 accounts, however, call Deel Inc. both immediate and ultimate parent. These dated descriptions are reproduced as different records rather than silently collapsing the American intermediate company into Deel Inc. A PSC page with no registrable person does not mean the company has no owner.

analysisThe retained officer list names Neeraj Baid, Cathlene Belknap, Asif Malik, Yonatan Muyal and Anthony Verhelpen as directors, with Oakwood acting as corporate secretary. Patrick Grossmann-Kavanagh’s tenure ended in January 2024. Those appointments describe responsibilities within the legal company; a corporate-services role or shared service address is not itself an ownership link. ⁵

analysisThe UK company’s unaudited 2024 balance sheet reports about £2.07 million cash, £1.85 million short-term creditors and £259,483 net assets, with three employees. Those limited local accounts cannot be used as the valuation of the whole payment business or as an exhaustive statement about safeguarded customer funds. ³

analysisDEEL PAYMENTS EUROPE is Belgian enterprise 0783.476.423, founded in March 2022. Its retained enterprise record lists five directors, several shared with the UK business. The National Bank of Belgium’s October 6, 2026 list separately identifies the company under payment-service categories 3 and 6, with the original listing dated June 2022. The enterprise record and prudential list date the rename differently, but their shared registration number anchors the identity. ^{6 7}

analysisFor the UK business, the retained support page claims FCA authorisation under reference 947491 and points to a firm record. This dossier preserves that as the company’s statement: the underlying FCA firm page was not independently retained. That narrower basis should not be confused with the Belgian licence list, whose regulator record is present in the packet. ⁸

analysisThe Financial Ombudsman Service considered a €6,500 loss to a car-sale scam and did not uphold the complaint against Atlantic Money. It found no fair basis to require reimbursement, considered the circumstances in which the customer authorised the transfers, and noted the attempted recovery. The decision attributes the fraud to the scammer and addresses the particular complaint. Listing it as an adverse finding against the payment company would reverse its outcome. ⁹

analysisThe reported December 2024 acquisition brought Atlantic Money’s transfer business into Deel on undisclosed terms. A later GLEIF response identifies Atlantic Money, Inc. as a direct child of Deel, while the UK share statement identifies that US company as the holder of the UK company’s shares. These records describe different layers of the structure. Accounting consolidation does not supply a precise equity percentage, and the deal announcement does not settle every later direct-shareholder discrepancy. ^{10 11}