Company Information

Get to know afrimarket

Founded in 2013, Afrimarket was a French startup that provided an innovative alternative to traditional cash-based money transfers to Africa. The platform enabled users, primarily in Europe, to buy essential goods (like food and electronics), pay for services (such as healthcare and school fees), and top up mobile phone credit directly for their relatives in several West African countries. By delivering tangible goods and services through a network of local partner merchants, Afrimarket aimed to ensure that funds were used for their intended purpose. Despite raising over €20 million in funding, the company faced operational and financial challenges, ultimately leading to its liquidation in 2020.

Industry

Financial PaymentPRIMARY
Financial Other Service

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afrimarket

France

Founded in

2013 (13 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

(78 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

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.