Parent company
Velwire Limited, UK-registered, holds equity in each venture and sets group-level governance, reporting, and capital allocation.
About Velwire
One holding company. A portfolio of independent products.
Velwire Limited is registered in England and Wales as a holding company. It does not build or sell a product of its own — its purpose is to own, govern, and fund the ventures that operate underneath it.
Registration
Company details
| Legal name | Velwire Limited |
|---|---|
| Company type | Private limited company — holding company |
| SIC code | 64999 — Activities of holding companies not elsewhere classified |
| Registered office | 14 Cumberland, Kingston Hill, Kingston Upon Thames, KT2 7LH, London, England |
| Jurisdiction | England & Wales, United Kingdom |
| Correspondence | connect@velwire.net |
Structure
How the group is organised
Velwire sits at the top of the structure as the UK parent. Each product is built to eventually operate as its own subsidiary, with Magnefo the first to make that transition.
Operating ventures
Each product — Magnefo, OPSFYN, BingoPay, the payment system, the ride-hailing app, the marketplace, and the social network — runs as its own team and roadmap.
Consolidation
Ventures started outside the UK, such as Magnefo LLC in Delaware, are brought under Velwire as wholly owned subsidiaries as they mature.
Case in progress
Bringing Magnefo under Velwire
Magnefo is currently structured as Magnefo LLC, registered in Delaware, USA, and operates at magnefo.com. Velwire Limited is in the process of bringing Magnefo LLC under the Velwire group as a wholly owned subsidiary. This consolidation is a core part of the current fundraise: it gives investors a single UK holding entity through which to gain exposure to Magnefo and to the wider Velwire portfolio, rather than a standalone US LLC.
Read the investor case →Principles
How we run the group
Independence per venture
Products keep their own identity, users, and roadmap. Velwire does not force shared branding or shared infrastructure where it doesn't serve the product.
One clean structure
A single UK parent means one cap table, one set of accounts, and one point of governance for investors to evaluate.
Capital matched to stage
We raise when a venture has something concrete to show for it, and size each round to the stage the product has actually reached.
Discipline over volume
Seven ventures is a deliberate ceiling for this stage of the group, not a starting point — we would rather finish these well than start an eighth.