Company Information

Get to know Braid

Braid, PBC was a San Francisco-based fintech startup that developed an application for creating shared "money pools." Its mission was to simplify the process of collecting, managing, and spending money as a group for shared goals, trips, or household expenses. The service allowed users to create pools, invite others to contribute, and spend funds directly from the pool using a dedicated debit card. Despite raising seed funding, the company announced its shutdown and ceased all operations on May 8, 2023, citing an inability to find a sustainable path forward.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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Braid

United States

Founded in

Jan 2019 (7 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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Security Information

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This company is currently Unproved.

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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.