Company Information

Get to know Famzoo

Founded in 2006 by software veteran Bill Dwight, FamZoo, Inc. is a financial technology company focused on family finance. Its mission is to help children develop sound financial skills from an early age through hands-on experience. The company provides a "virtual family bank" that pairs a parent-managed app with prepaid debit cards for kids and teens, allowing for automated allowances, chore tracking, savings goal management, and controlled spending. The service is designed to be a practical educational tool for teaching concepts like earning, saving, spending, and giving.

Industry

Financial Electronic PaymentPRIMARY
Financial Banking
Financial Other Service

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Famzoo

N/A

Founded in

2006 (20 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

Company hasn't provided information.

Security Information

Warning

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.