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Neomutual
South Africa
02 Dec 2017 (7 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 Neomutual
Company Information
Get to know Neomutual
As a contracting economy a majority of South Africa’s low and middle income earners are either uninsured or underinsured because insurance is costly and is a low priority in their hierarchy of needs but this leaves them exposed to the risk of unexpected future financial costs. Neomutual is an online lending platform dedicated to giving uninsured, underinsured and underbanked individuals alternative coverage through zero interest credit during emergencies.
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- Financial Other ServicePRIMARY
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