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Ecoplastile
Uganda
12 Feb 2020 (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 Ecoplastile
Company Information
Get to know Ecoplastile
Ecoplastile is both a hardware and software company redefining access to affordable housing, insurance and financial inclusion using plastic waste as a resource. Ecoplastile's Wasteinsure is a micro mobile insurance , financial inclusion product using an innovative approach to provide health insurance, payments, and access to credit to small scale businesses and low income populations by providing an option for them to pay for health insurance, pay for bills, aitime, and access credit using recyclable waste as premium. The plastic collected is recycled into highly demanded roofing tiles that redces the cost of building close to 35%, and excess plastic is sold to other recycling companies. Proceeds are used to provide health insurance premiums as payment to the households who opt into the scheme. Users can also opt for cash payments. This is facilitaed by digital and mobile applications.
Industry
- Financial InsurancePRIMARY
- Financial Other Service
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