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Nigeria
2020 (6 Years)
Last online: No recent activity
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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.
Get to know WATU
Company Information
Get to know WATU
Founded in 2015, WATU is an asset financing company with a mission to empower entrepreneurs by providing the means to move and earn. The company focuses on financial inclusion by offering loans for mobility assets, primarily two and three-wheelers (motorbikes and tuk-tuks), to individuals who are often excluded from traditional banking services. By leveraging technology, WATU has built a scalable model to serve a large base of customers, supporting their economic progress and mobility across several African countries.
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