Company Information

Get to know Remitr

Founded in 2015 and based in Toronto, Canada, Remitr was a financial technology company that provided a global business payments platform. The company's mission was to offer a faster, more cost-effective alternative to traditional banks for businesses making international payments. Their platform allowed businesses to send payments in multiple currencies to over 150 countries using a simple and automated system. In 2021, Remitr was acquired by Wise (formerly TransferWise) to enhance and expand Wise's business-focused payment services and product offerings in Canada and globally. The Remitr brand and services have since been fully integrated into the Wise Business platform.

Industry

Financial PSP GatewayPRIMARY
Financial Other Service

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Remitr

Canada

Founded in

2016 (10 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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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.