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DriverUp
United States
2012 (13 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 DriverUp
Company Information
Get to know DriverUp
DriverUp is an online marketplace that offers automotive financing services. The platform utilizes proprietary technology to create a direct-to-investor option for its users. Integrated with software and advanced data analytics, the marketplace enables efficient processing and direct investment in auto loans, with full transparency and reporting. It is also the first mechanism that offers accredited investors such as hedge funds, family offices, and high net-worth individuals an opportunity to participate directly in high-yield auto lending. Launched in 2012, the marketplace is operated from Dallas, Texas.
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- Financial Other ServicePRIMARY
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