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Staax
United States
Jul 2021 (4 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 Staax
Company Information
Get to know Staax
At Staax, we’re building a social and wealth-generating payment system, which makes investing in stocks as easy as receiving payment from your friends. Our users are able to get paid back by turning their $10 for coffee into AAPL stock, instantly. We’re changing the way consumers access the stock market to allow the everyday person to build long term wealth, in a way they couldn't before. We embed investing into lifestyle, making every transaction a piece of a long-term wealth goal. Our founding team has consulting, finance, web3, and engineering experience at companies like McKinsey & Co., KKR, The White House, Goldman Sachs, Morgan Stanley and Coinbase, and we believe we are the team to solve this problem, especially since we are our own demographic. In the last year since we began, we've raised funding from Western Union, Techstars, Harlem Capital, Lightspeed, Hustle Fund, and Plug and Play. Micro-transactions are the future of investing! Join us on this journey as we reimagine the way payments are done for millions of people.
Industry
- Financial Other ServicePRIMARY
- Financial Payment
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