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Mexico
2005 (21 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 Bankaool
Company Information
Get to know Bankaool
Originally founded in 2006 as a non-bank financial institution (SOFOM), Bankaool became the first fully licensed online bank in Mexico in 2012. The company positioned itself as an "agrotech" pioneer, aiming to serve the underbanked agricultural sector with digital-first solutions, including loans, checking accounts, and investment products for individuals and businesses. However, after facing financial difficulties and failing to comply with regulatory capital requirements, Mexico's banking commission revoked its license in September 2023, and the institution is currently in a state of liquidation.
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