Company Information

Get to know Auka

Founded in 2010, Auka was a pioneer in mobile payments, launching the first mobile payments system in Norway (mCASH), which was later sold to SpareBank 1 and rebranded as Vipps. The company's mission is to make it as easy to transfer money as it is to send a text message. Leveraging its experience, Auka developed Settle, a mobile payment app and network aimed at creating a pan-European standard for instant, mobile-based transactions for both consumers and merchants. In 2021, Auka was acquired by Settle Group, which continues to operate and expand the Settle platform.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service
Financial PSP Gateway

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Auka

United States

Founded in

2021 (5 Years)

Founded

Last online: No recent activity

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Markets.com

(327 reviews)

United States

2008

(18 years)

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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.