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finreach solutions

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Germany

Founded in

2014 (11 Years)

Founded

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1.67

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Security Information

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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.

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    Company Information

    Get to know finreach solutions

    Founded in 2014, finreach solutions is a Berlin based fintech company on a mission to make the enablement of consumer financial potential as simple and effective as possible. They enable their partners to realise new business opportunities by providing added value to their products and services. Their partners rely on us to stay agile, deliver faster solutions, and make the most of their IT investment with API-led connectivity. finreach solutions developed the first automated current account switch kit (ASK), allowing banks to increase their share of primary current accounts. Headquartered in Berlin, their team of 30 is led by CEO Markus Dränert and CPO Taner Akcok; both have profound experience in aspects that relate to entrepreneurship, technology and marketing, making them the perfect match to drive forth finreach solutions in a competitive environment.

    Industry

    • Financial Other ServicePRIMARY
    • Technology Software Development

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