Freemarket

Freemarket is a payments provider for cross-border business settlements, with payment accounts, currency conversion and an API. The UK entity is FreemarketFX Limited, an Authorised Payment Institution with FCA reference 585093 and company number 07289573. A separate entity, FreemarketFX Ireland Limited, is authorised in Ireland under CBI PI C456818.

Services The company lists payment accounts, cross-border payments, FX and API access. It also describes international payments, access to currency liquidity and a payment network, and states that it supports 30+ fiat currencies (the full list is not published). Customers are companies and payment providers.

Safeguarding According to the company, client funds are held in pooled, segregated safeguarding accounts with banking partners, with allocations reconciled daily and tracked through virtual client numbers. They are not separate bank deposits and are not eligible for FSCS protection.

Fees The FAQ states there is no opening fee, and the company reserves the right to introduce fees with notice.

Integration A developer area is published on the website, and the registered office is in London. Partner allocation between entities is contract-specific.