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United Kingdom
01 May 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.
Get to know Bean
Company Information
Get to know Bean
Bean was a fintech service founded in 2016 with a mission to help people feel good about their money. The platform connected to a user's bank accounts to provide a consolidated view of all recurring payments, such as subscriptions and bills. It then allowed users to easily cancel unwanted services directly through the app and provided insights on better deals for household bills like energy and broadband. The company was acquired by BGL Group (owner of CompareTheMarket.com) in 2019. However, on October 28th, 2020, Bean officially ceased its services and the app was closed down.
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