Company Information

Get to know Menna

Menna is a digital payment product developed by Apposit Technology Solutions PLC in partnership with the Cooperative Bank of Oromia. As one of the first privately owned digital wallets licensed by the National Bank of Ethiopia, Menna's mission is to simplify financial transactions for the Ethiopian population. The platform allows users to manage their money, perform peer-to-peer transfers, pay for services, and handle various bills directly from their mobile devices, aiming to advance financial inclusion in the region.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

Contact

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Menna

United Kingdom

Founded in

2023 (3 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

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Reviews

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Regulated

Recommended

(78 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.