Company Information

Get to know Brocc

Founded in 2016, Brocc is a Swedish financial technology company that operates as a neobank. Its mission is to challenge traditional banking by offering smarter, more affordable, and user-friendly financial services. Brocc began as a peer-to-peer lending platform, directly connecting individuals who want to save and earn a return with those who need to borrow money. In 2021, the company was granted a license as a credit institution by the Swedish Financial Supervisory Authority (Finansinspektionen), allowing it to expand its services to include savings accounts and credit cards, positioning itself as a comprehensive digital banking alternative in the Swedish market.

Industry

Financial BankingPRIMARY
Financial Other Service

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Brocc

Sweden

Founded in

2014 (12 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(77 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

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.