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MyKeys

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Spain

Founded in

12 Aug 2018 (7 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 MyKeys

    Mykeys is a technology company that provides an app to store keys in the cloud and get a copy when you need it, and an SaaS for centralized and automated key management using our platform. Our unique software is able to recognize more than 200 types of keys using artificial intelligence and image processing, and allows to get a copy from a locksmith - not a simple 3D print copy but a real key with digital quality. It's the first company in Europe with a key recognition technology that allows to duplicate without having the physical key. Our solution is designed for both B2B and B2B2C. From private users who want to digitize their key and reduce the risks of running out of it, to companies that manage multiple assets including insurance companies, property agencies, real estate, tourism apartaments, etc. Anyone with a key! The algorithm developed by the Mykeys team is capable of identifying all types of keys, allowing scalability and internationalization without large investments in new developments, proof of which is the distribution agreement in Puerto Rico and the USA with a local company. A distribution agreement with the Keyline partner for distribution in Italy and Portugal is expected to be concluded during 2020. Our business model is based on digitization and custody of the key and on the other hand on the use of the Web Portal as a differential service for companies.

    Industry

    • Financial InsurancePRIMARY
    • Technology Software Development

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