Notorious Moorwand provides agent license to Seedcamp payment startup Telleroo
There's Wirecard. The scandal surrounding the once highly celebrated German FinTech start-up is well known. The company turned into the gravedigger for the reputation of the German regulator BaFin. While Wirecard is for sure a class on its own but then there is also the FCA-regulated Moorwand. This UK e-Money Institution that has been involved in scams, cybercrime, and money laundering with various brands and partners for years. Strange though that the payment startup Telleroo operates with the Moorwand license.