Company Information

Get to know Xago Technologies (Pty) Ltd

Xago Technologies (Pty) Ltd is a financial technology company that bridges the gap between traditional and crypto assets. Founded in Cape Town, South Africa, its mission is to enable low-cost, near-instantaneous movement of money for individuals and businesses, particularly in Africa. The company operates a payment gateway, switching, and processing platform that leverages the speed and efficiency of the XRP Ledger to facilitate domestic and cross-border payments, remittances, and mobile money solutions. Alongside its payment services, Xago also runs a trade exchange for buying and selling cryptocurrencies. The company is a licensed Crypto Asset Service Provider (CASP) by South Africa's Financial Sector Conduct Authority (FSCA).

Industry

Financial PSP GatewayPRIMARY
Financial Other Service

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Xago Technologies (Pty) Ltd

South Africa

Founded in

2016 (10 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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This company is currently Unproved.

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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.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.