FinTelegram Intelligence has completed a comprehensive compliance review of the MiFinity Group, a multi-jurisdictional payment processor operating with regulatory licenses in the United Kingdom (FCA) and Malta (MFSA). The investigation reveals the MiFinity's massive involvement in illegal gambling and an opaque group structure.
The 2024 financial statements for MiFinity UK Limited reveal an explosion in growth, with net income rising by over 300% to £8.6 million and total assets reaching £76.96 million. This analysis hypothesizes that such abnormal gains are driven by the processor’s aggressive pivot toward facilitating payments for offshore and unlicensed casinos like Legiano and Winning.io.
FinTelegram is seeking information on MiFinity, a financial services provider involved in the online casino, gambling, and sports betting sectors. MiFinity UK Limited and MiFinity Malta Limited are authorized by the UK Financial Conduct Authority (FCA) and the Malta Financial Services Authority (MFSA) respectively as E-Money Institutions (EMI). We have found the EMI as a payment facilitator at online casinos and sports betting platforms and would like to know more.