Company Information

Get to know Punk Money

Punk Money was founded with the mission to challenge traditional banking by creating a decentralized, peer-to-peer lending platform. The company's goal was to directly connect lenders with borrowers, aiming to offer better rates by cutting out intermediary banks. It promoted itself as a "community-owned financial institution," intending for its members to have a stake in its governance and success. Despite raising funds and building a community, the company failed to secure full regulatory approval for its peer-to-peer lending model and ultimately announced it was ceasing operations in late 2022.

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Punk Money

United Kingdom

Founded in

2018 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Markets.com

(327 reviews)

United States

2008

(18 years)

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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.