Company Information

Get to know Payflex

Payflex is a prominent financial technology company in South Africa, recognized as the country's first and largest BNPL provider. Founded in 2017, the company offers a payment solution that allows shoppers to purchase items from a network of over 2,500 online and in-store merchants and pay for them in four equal, interest-free instalments. In 2021, Payflex was acquired by the Australian BNPL giant Zip Co Limited. The company's mission is to provide consumers with a simple, transparent, and responsible alternative to traditional credit, empowering them to manage their finances better while boosting sales for merchants.

Industry

Financial PSP GatewayPRIMARY
Financial Other Service

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Payflex

South Africa

Founded in

2018 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(77 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.