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FundMore.ai

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Canada

Founded in

02 Feb 2018 (7 Years)

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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 FundMore.ai

    FundMore is an automated solution machine learning to streamline the funding process for loans. Our platform lets lenders leverage customizable automation, enhance the borrower experience through analytics, reduce risk using AI. FundMore automates the loan origination process for mortgage lenders. From our inception we have been focused on providing a simpler mortgage experience for Canadians by being the leader in mortgage process automation. We began our journey by providing brokers and lenders access to the most advanced and secure document management platform in Canada, completely automating the process in a mobile, web and app environment. We augmented our core offerings in 2020 by launching the FundMore AI, a complete underwriting system and we will shortly be launching FundMore IQ. Our mission is to provide a completely underwritten mortgage decision in minutes. We are working toward making this a reality by aggregating data from our third-party partners and using FundMore’s AI document reader to quickly analyze physical documents and subsequently digitize, recognize, extract, sort and validate the data to confirm the mortgage conditions.

    Industry

    • Crypto CryptocurrencyPRIMARY
    • Financial Other Service
    • Technology Software Development

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