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Bitback
Canada
12 Nov 2019 (5 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 Bitback
Company Information
Get to know Bitback
Bitback, a Techstars portfolio company (20') and former IDEO CoLab resident (19'), is the cashback rewards platform connecting young people and retailers across Africa. We are on a mission to put money back into the pockets of young people around the globe. Users earn cash back for each and every purchase they make from their favourite retailers through the Bitback app. Merchants and service providers are able to reach and retain young consumers through special offers and rewards. Bitback’s vision is to create new income streams for young people and to fuel their entrepreneurial spirits.
Industry
- Financial Other ServicePRIMARY
- Financial Payment
- Technology Software Development
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