Company Information

Get to know Fintech Ecosystem Development Corp.

Fintech Ecosystem Development Corp. was a publicly traded special purpose acquisition company (SPAC), also known as a blank check company, incorporated in Delaware. It was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, or similar business combination with one or more businesses, with a primary focus on the global financial technology sector. The company raised capital through its initial public offering (IPO) on the NASDAQ stock exchange under the ticker "FEXD". After a planned business combination with the fintech firm Pismo was terminated in May 2024, the SPAC was unable to complete a different merger within its permitted timeframe. Consequently, the company announced its liquidation and the redemption of all its outstanding public shares, ceasing its operations in May 2024.

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Fintech Ecosystem Development Corp.

United States

Founded in

2021 (5 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

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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.