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Joompay
Luxembourg
2019 (6 Years)
Last online: No recent activity
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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 Joompay
Company Information
Get to know Joompay
Joompay is a Fintech that develops a social finance app aimed to enable money transfers across Europe. Their app makes opening an account in Europe more straightforward and safer than ever. The process takes less than 5 minutes and its users also get a Joompay card with outstanding cashback and bonuses, card management, and 24/7 in-app customer support that is absolutely free. It was founded in 2019 and is based in Windhof, Luxembourg.
Industry
- Financial Other ServicePRIMARY
- Technology Software Development
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