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South Africa
2016 (10 Years)
Last online: No recent activity
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This company is currently Unproved.
Please be cautious of the potential risks!
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.
Company Information
Get to know AFB In2Africa
Founded in 2009, African Financial Bureau (afb) was a financial services company with a mission to provide inclusive and accessible credit solutions in Africa. The company focused on delivering unsecured personal loans and other credit products to both formally employed individuals and small to micro-entrepreneurs. It operated with a technology-driven model to ensure efficient loan processing and customer service. Over the years, afb expanded its operations into countries like Ghana, Kenya, Zambia, and Tanzania. In 2017, the company was fully acquired by Letshego Holdings Limited, a Botswana-based inclusive finance group, and subsequently, all afb operations were rebranded under the Letshego name.
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