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Chipn
India
01 Apr 2021 (4 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 Chipn
Company Information
Get to know Chipn
Chipn is a personal finance management app, which helps users save, invest and grow their money every time they spend it. Chipn lets users set a custom percentage, which is deducted from every transaction they make and is invested into a range of diversified mutual funds. Chipn also offers services like Roundups, Recurring investments, one-time investments, Credit score checks, and consolidation of all the bank accounts. Chipn has partnered with various brands, which will invest in the customer's investment account every time the customer purchases with the partnered brand through the Chipn app. Chipn aims to make saving and investing as easy as spending!
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- Financial Other ServicePRIMARY
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