Rippling Secures FCA Authorization as an Electronic Money Services Institution in the UK

Rippling, the leading business software platform, has been authorized as an electronic money institution by the UK’s Financial Conduct Authority (FCA). This authorization enables Rippling to issue electronic money and provide customers in the United Kingdom payroll, contractor wallet services and bill pay all within its unified workforce platform.

Rippling gives businesses one place to run HR, IT, and Spend – globally. It brings together all of the workforce systems that are normally scattered across a company, like payroll, expenses, benefits, and computers. For the first time ever, you can manage and automate every part of the employee lifecycle in a single system. By streamlining workforce management, Rippling eliminates the inefficiencies that come with disconnected legacy systems. 

As Rippling accelerates its international expansion, this milestone underscores the company’s commitment to upholding the highest regulatory standards worldwide while transforming global workforce operations. With offices in North America, Australia, India, Ireland and the United Kingdom, Rippling now serves more than 20,000 customers globally.

“Securing our FCA license marks a major step in our expansion, reinforcing our dedication to building trusted and compliant financial solutions in the UK. This approval enables us to deliver fully integrated payroll and electronic money services to businesses with the confidence that they are operating within one of the world’s most rigorous regulatory environments,” said Rippling UK CEO Timo Sheridan.

“Becoming an FCA authorised electronic money institution underscores our commitment to strong governance, operational resilience and delivering great outcomes for customers. It enables us to offer UK businesses regulated services that are fast, reliable and secure while supporting the FCA’s wider objectives of promoting innovation, competition, and economic growth in the UK market,” said Rippling UK Chief Risk and Compliance Officer Ross Osborne.