Company Information

Get to know borgun

Founded in 1980, Borgun hf. was a pioneering Icelandic company specializing in payment solutions for merchants of all sizes. The company offered a comprehensive suite of services, including payment card acquiring, point-of-sale (POS) terminal solutions, e-commerce payment gateways, and loyalty programs. Borgun expanded its operations from Iceland to several other European countries, establishing itself as a significant player in the payment processing industry. In 2020, Borgun was acquired by the fintech company SaltPay, and the brand has since been integrated and rebranded to operate under the SaltPay name.

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Financial PSP GatewayPRIMARY
Financial Other Service

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borgun

Iceland

Founded in

1980 (46 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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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.