Company Information

Get to know MDB BENIN

Microfinance du Bénin (MDB) was officially launched in 2023, following the acquisition of the FINADEV Bénin portfolio by the MDB Group. As a key player in the Beninese financial landscape, MDB's mission is to promote financial inclusion by offering accessible and innovative financial solutions. The institution targets micro-entrepreneurs, small and medium-sized enterprises (SMEs), and low-income populations, providing them with services such as savings accounts, various types of loans (credit), and digital financial services to support their economic development.

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Financial BankingPRIMARY
Financial Other Service

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MDB BENIN

Benin

Founded in

1995 (31 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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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.