Company Information

Get to know SPENN Technology

SPENN Technology is a financial technology company focused on promoting financial inclusion in emerging markets. Its core product is the SPENN mobile app, which functions as a digital wallet offering services such as real-time money transfers, bill payments, merchant payments, and savings, all without transaction fees for the end-user. The company partners with licensed banks in each country of operation to ensure regulatory compliance and security of funds. SPENN's mission is to empower individuals and businesses by giving them access to essential financial tools, thereby driving economic growth and opportunity. The business model generates revenue through value-added services, data analytics, and marketplace commissions rather than direct user fees.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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SPENN Technology

Denmark

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

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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.

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.