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United States
2012 (14 Years)
Last online: No recent activity
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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.
Get to know DriverUp
Company Information
Get to know DriverUp
Launched in 2014, DriverUp operated as the first online marketplace dedicated to auto finance. The platform allowed accredited investors to purchase fractional interests in auto loans that were originated by car dealerships across the United States. Its mission was to open up automotive finance as a new asset class for investors while providing an alternative source of capital for dealerships. The company ceased its marketplace operations in late 2017 due to challenges in scaling the business.
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