Company Information

Get to know FigPay

FigPay provides an Earned Wage Access (EWA) solution designed to improve the financial well-being of employees. The service integrates directly with an employer's payroll and timekeeping systems, allowing workers to access a portion of their accrued earnings whenever they need them, rather than waiting for the traditional pay cycle. The company's mission is to reduce financial stress for employees by eliminating the need for high-interest payday loans or credit card debt, thereby fostering a more productive and financially stable workforce. FigPay is offered as a benefit by employers to their staff.

Industry

Financial PaymentPRIMARY
Financial Other Service

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FigPay

United States

Founded in

2010 (16 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.