Company Information

Get to know Beyonic

Founded in 2013, Beyonic emerged to address the challenges businesses faced in making digital payments, particularly bulk payments, in African markets dominated by mobile money. The company developed a robust platform and API that enabled organizations to easily integrate and manage payments across multiple mobile networks. In June 2020, Beyonic was acquired by MFS Africa, the largest digital payments hub on the continent. Since the acquisition, the Beyonic platform has been integrated into the MFS Africa network, serving as a key product for business-to-business (B2B) payment services, and is often referred to as "MFS Africa Beyonic."

Industry

Financial PSP GatewayPRIMARY
Financial Other Service
Financial Payment

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Beyonic

Uganda

Founded in

2013 (13 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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--/10

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Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

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.