Company Information

Get to know myNGOVO

myNGOVO is a financial technology company focused on improving the financial wellbeing of employees across the United Kingdom. Its core service, known as "on-demand pay" or "earned wage access," allows employees of partner companies to instantly access a portion of their accrued salary whenever they need it, rather than waiting for the traditional monthly pay cycle. The company's mission is to combat in-work poverty and eliminate the need for high-cost short-term credit options like payday loans, thereby reducing financial stress for workers. myNGOVO integrates directly with employers' payroll systems to provide this service as an employee benefit.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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myNGOVO

Kenya

Founded in

13 Jul 2019 (7 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Cyprus

2017

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Security Information

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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.