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MIFON
Singapore
2016 (9 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 MIFON
Company Information
Get to know MIFON
MIFON is an Insurtech security company, backed by VC SOSV, Mobile Only Accelerator MOX & Mediatek company General Mobi. MIFON helps users get their lost phone back without the need for power or an internet connection. Focusing on mobile first users in India, South East Asia, the Middle East & Africa. Currently protecting over 3000,000 smartphones, User mix is 75% through B2B partnerships with handset brands & mobile carriers and 25% organic users. MIFON platform processes billions of data points, using ML algorithms, to keep MIFON users safe & secure. 70% of MIFON users are in India , 10% is in the USA & balance 15% in South Asia & Middle East North Africa.
Industry
- Financial InsurancePRIMARY
- Technology Software Development
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