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United States
2017 (9 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.
Get to know Azlo
Company Information
Get to know Azlo
Founded in 2017 as part of BBVA's New Digital Businesses unit, Azlo was a financial technology company that provided fee-free online banking services tailored to the needs of modern small business owners, entrepreneurs, and gig economy workers. Its core product was a digital business checking account with no monthly fees or minimum balance requirements, accessible through a mobile and web application. The platform also included integrated tools for invoicing, bill pay, and money transfers. In January 2021, Azlo announced it would be closing down as a result of a strategic decision by its parent company, BBVA USA, which was in the process of being acquired. Azlo officially ceased all operations on March 31, 2021.
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