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Canada
2013 (13 Years)
Last online: No recent activity
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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.
Get to know Progressa
Company Information
Get to know Progressa
Founded in 2013 in Vancouver, Progressa aimed to help Canadians with poor or no credit history to overcome financial challenges and build their credit scores. The company offered unsecured personal installment loans and point-of-sale financing solutions, utilizing proprietary credit-scoring technology and data science to assess risk. Its mission was to provide a socially responsible alternative to payday loans. In October 2020, Progressa was acquired by goeasy Ltd., a leading Canadian provider of non-prime leasing and lending services, and its operations and technology have since been integrated into goeasy's easyfinancial and easyhome brands.
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