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Spend
Canada
Jul 2018 (7 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 Spend
Company Information
Get to know Spend
Spend.com offers its users with three core digital financial products. The Spend App is a multi-currency digital wallet that allows users to store both fiat and digital currencies/assets while being able to buy, sell, manage, send, receive, and exchange them all built into the application which is available on any mobile or web based device. The Spend Card is a prepaid debit card that allows users to access their funds in the digital wallet and spend them at over 40 million locations worldwide. Lastly Spend Business is a developer based API/SDK system giving the tools needed to build powerful applications and projects on top of our codebase.
Industry
- Financial BankingPRIMARY
- Financial Payment
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