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AwanTunai
Indonesia
Mar 2017 (8 Years)
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What are the differences in regulations for each
License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Company Information
Get to know AwanTunai
Company Information
Get to know AwanTunai
AwanTunai is digitizing the traditional FMCG supply chain with online ordering, customer management, payment acceptance, embedded financing, and inventory management. Currently focused on Indonesia, our integrated business systems for offline wholesalers and their micro merchant customers aims to deliver prosperity via quality financial services and SaaS solutions. We currently monetize via embedded financing for inventory purchase transactions in our closed loop ecosystem. AwanTunai is a regulated fintech institution able to originate, service, and collect (full end-to-end customer control) bank compliant loan assets for partner institutions who fund our financial products. We also work with global insurance institutions on distributing auto-trigger micro insurance protection. Our work in financial inclusion has won accolades from the UNCDF for providing a top solution for COVID Financial Health Challenge 2020, gold-award for product innovation of the year by IFC-led SME Finance Forum, and 1st Place for ASEAN Fintech of the Year 2020 by Monetary Authority of Singapore, as well as presenting our business model at the United Nations Task Force for Digital Finance during the 2019 UN General Assembly in New York.
Industry
- Financial Other ServicePRIMARY
- Financial Payment
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