Company Information

Get to know Walrus

Walrus was a financial technology startup based in India, founded in 2019. Its primary mission was to promote financial literacy and empower teenagers with their first-ever payment card and digital banking experience. The platform offered a UPI-enabled, numberless prepaid debit card, managed through a mobile app, allowing teens to make online and offline payments securely under parental supervision. In 2022, Walrus was acquired by Fyp, a similar player in the teen-focused neobanking space, and its services and user base were merged into the Fyp platform.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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Walrus

India

Founded in

01 Jan 2019 (7 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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Company hasn't provided information.

Security Information

Warning

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.