Company Information

Get to know unirush,llc

Founded in 2003 by hip-hop mogul Russell Simmons, UniRush, LLC aimed to provide financial empowerment and access to modern payment systems for individuals without traditional banking relationships. Its flagship product was the RushCard, a prepaid Visa debit card that allowed users to direct deposit paychecks, make purchases, and withdraw cash from ATMs. The company experienced a major crisis in October 2015 when a technology migration failed, locking tens of thousands of customers out of their accounts for days. This event led to regulatory scrutiny and significant reputational damage. In February 2017, UniRush, LLC's RushCard business was acquired by Green Dot Corporation for approximately $147 million. Green Dot eventually phased out the RushCard program.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

Contact

Social

Company hasn't updated its information.

THIS SERVICE IS NOT AVAILABLE IN YOUR REGION

unirush,llc

United States

Founded in

2003 (23 Years)

Founded

Last online: No recent activity

Claim company Visit website

TrustScore unavailableNot enough score to display the trend.

Be the first to rate and review this company.

OVERALL SCORE

Others

--/10

Reviews

--/90

0 reviews

Provided by TrustFinance

TrustScore unavailableNot enough score to display the trend.

Be the first to rate and review this company.

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

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

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.