Lunor Pay Wins HMRC Advance Assurance for £950,000 Raise

Lunor Pay has secured HMRC Advance Assurance under both SEIS and EIS for a planned £950,000 fundraise ahead of its 2026 platform launch. The approval could make the UK fintech more attractive to early-stage investors by pointing to potential tax relief eligibility, subject to final qualifying conditions.

Why it matters: - HMRC Advance Assurance can make an early-stage raise easier to market by giving prospective investors an early view on SEIS and EIS tax relief eligibility. - The assurance covers Lunor Pay's full planned £950,000 raise, split between a £250,000 SEIS round and a £700,000 EIS round. - Lunor Pay is using the funding push to support a 2026 launch of its unified payment platform.

What happened: - Lunor Pay Ltd secured Advance Assurance from HM Revenue & Customs under both the Seed Enterprise Investment Scheme and the Enterprise Investment Scheme. - HMRC's Venture Capital Reliefs Team issued the assurance on 28 September 2026. - The application was prepared and submitted through SeedLegals, with BDM Wealth Management supporting the company as its capital introduction partner.

The details: - HMRC expects to be able to authorise Lunor Pay to issue SEIS and EIS compliance certificates for Ordinary Shares issued to individual investors. - Advance Assurance indicates that HMRC expects the company's shares to qualify for the tax reliefs available under SEIS and EIS, if the company continues to meet the qualifying conditions when shares are issued. - Lunor Pay's platform is described as a unified payment account that brings together Visa card technology, multi-currency FX and concierge purchasing. - The company says further information is available at lunorpay.com. - BDM Wealth Management introduces growth companies to private capital across bonds, loan notes, IPOs and SEIS/EIS opportunities.

Between the lines: - The approval is a process milestone, not a guarantee of investor tax relief. - The company is signaling that compliance and investor confidence are part of its go-to-market strategy ahead of launch. - The involvement of SeedLegals and BDM Wealth Management suggests Lunor Pay wanted outside support for both the legal process and capital introductions.

What's next: - Lunor Pay plans to open the £250,000 SEIS round first. - The company then plans to move to the £700,000 EIS round. - The company says its focus is now on bringing the platform to market in 2026. - HMRC relief, if any, will still depend on each investor's circumstances and the company meeting qualifying conditions at the time shares are issued.

The bottom line: - Lunor Pay now has a key regulatory signal in hand as it tries to raise £950,000 and prepare for launch next year.