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StokFella

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South Africa

Founded in

2015 (10 Years)

Founded

Last online: No recent activity


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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 StokFella

    StokFella is a company that is looking to revolutionise a 19th-century practice into a modern and tech-savvy sector. Our Dream is to provide every ordinary hard working citizen; an opportunity to pursue financial freedom through their Stokvel. StokFella was born from a question of, is there be a better way to manage stokvel administration burdens? The purpose of StokFella is to put the power of informed financial management and financial decision-making in the hands of all Stokvels while allowing everyday South Africans to participate in the economy of the country. Having launched in early 2016 but researched and self-funded for more than 2 years prior; StokFella launched solution allows stokvels to organise, manage, communicate, visualise and be more efficient in growing their wealth. By having stokvel groups and their members run in an orderly and a professional manner and succeeding in their objectives, StokFella believes that stokvels will be able to move towards a richer future benefiting the members and their wider communities.

    Industry

    • Financial Other ServicePRIMARY

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