Company Information

Get to know OpenMoney

Originally founded as an affordable financial advice service, the initial company, OpenMoney Adviser Services Ltd, went into administration in late 2022. The brand and its assets were subsequently acquired. In 2024, OpenMoney was relaunched by its new parent company, The Money Platform Ltd, with a completely new business model. The current iteration of OpenMoney operates as a peer-to-peer lending platform, aiming to provide fair and transparent short-term loans to UK consumers while allowing investors to fund these loans and earn returns.

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Financial FundraisingPRIMARY
Financial Other Service

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OpenMoney

United Kingdom

Founded in

2016 (10 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.