Company Information

Get to know Betalo

Founded in 2012, Betalo AB is a Swedish payment institution that offers a digital service for paying bills, invoices, and making transfers using credit or debit cards. The platform aims to provide users with more flexibility in managing their finances and the ability to earn credit card rewards on everyday expenses. The service is available to both private individuals and companies in Sweden. In May 2023, Betalo was acquired by the Qvickly Group but continues to operate under its own brand. The company is under the supervision of the Swedish Financial Supervisory Authority (Finansinspektionen).

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service
Financial Payment

Contact

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Betalo

Sweden

Founded in

2011 (15 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

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.