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BIGINS
China
08 Aug 2015 (10 Years)
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Security Information
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 BIGINS
Company Information
Get to know BIGINS
Founded in Shanghai on August 8th, 2015, BIGINS is one of the leading InsurTech startups in China. They provide a cutting edge platform to customize and distribute innovative consumer-oriented property insurance, for Internet plus businesses and consumers of the sharing economy, online rentals, interactive entertainment, online driver training and online medical. With smart B2B2C insurance solutions, BIGINS enables the new businesses and insurance companies to provide in-scenario, highly customized, small payment policies for their consumers with a great user experience. In June 2017, BIGINS launches the BIGINS App, the first B2C2C platform in the world to distribute consumer-oriented, small policies through specific social networks. Consumers are well protected in the new business and the insurance coverage grows extremely fast. The founding members of BIGINS were from Tencent, Alibaba and reinsurance groups. BIGINS has raised 50 million CNY from Newsion VC and Haier Capital in Angel and Series A rounds.
Industry
- Financial InsurancePRIMARY
- Financial Other Service
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