Where is my money held and is it safe?

The funds transferred to your Cledara account are held by our financial services provider PayrNet.

If your company is based in the UK, the funds transferred to your Cledara account are held by our financial services provider PayrNet. PayrNet is regulated by the UK Financial Conduct Authority and holds our customer's money under a regulatory structure known as an EMD Agent, where Cledara is also registered with the UK Financial Conduct Authority.

If your company is based in Europe, the funds transferred to your Cledara account are held by our financial services provider PayrNet.

Your money is safe as funds are securely held under a ring-fenced segregated Client Account as per the UK FCA’s Safeguarding Rules. These funds are bankruptcy remote from both Cledara and its financial services provider, PayrNet.

Only you are permitted access to your funds. We do not lend any funds out as traditional banks do.

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