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Prex

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Uruguay

Founded in

2015 (10 Years)

Founded

Last online: No recent activity


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0.00

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Traffic & Engagement

3.33

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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 Prex

    Prex is digital financial services platform, with the mission of democratizing access to financial products and services across LATAM through our digital account and mobile APP in a seamless way, promoting financial inclusion and cross border payments. We offer digital banking services giving our customers the power to manage their entire financial life from a single super-app. From everyday spending, domestic and international transfers, bill payments and personal finance management, to personal loans, currency exchange and easy-access to stock trading and investments. Prex digital account and international Mastercard card have no issuance, maintenance or renewal costs. More than 50% of LATAM population is unbanked or underbanked, and with little or no access to financial products or credit. We provide financial solutions and help them build digital credit history, promoting their financial inclusion. Prex was founded in Uruguay in 2015, launched in Argentina in 2019 and Peru in 2021. With more than 1 million customers, 250k loans granted, and presence in three markets, Prex is available in both Android and IOS platforms.

    Industry

    • Financial BankingPRIMARY
    • Financial Other Service
    • Financial Payment

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