Company Information

Get to know mylo financial technologies

Founded in 2017 in Montreal, Canada, by Philip Barrar, Mylo Financial Technologies aimed to make investing accessible to millennials. Its core product is an app that links to a user's bank accounts and credit cards, automatically rounds up everyday purchases to the nearest dollar, and invests the spare change into a personalized portfolio of Exchange-Traded Funds (ETFs). In 2020, the company rebranded from Mylo to Moka to support its international expansion efforts. In May 2021, Moka was acquired by Canadian fintech company Mogo Inc. (TSX: MOGO, NASDAQ: MOGO) and is now integrated into the Mogo ecosystem of financial products, continuing to operate under the Moka brand.

Industry

Financial Wealth ManagementPRIMARY
Financial Other Service

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mylo financial technologies

Canada

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

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.