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India
10 Jan 2019 (7 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 WeRize
Company Information
Get to know WeRize
Founded in 2019 by Vishal Chopra and Himanshu Gupta, WeRize is a "social fintech" company dedicated to providing customized credit, group insurance, and savings products to customers in India's Tier 2, 3, and 4 cities. The company operates on a unique social distribution model, creating a network of local freelance financial consultants who use the WeRize platform to sell these financial products within their communities. This model aims to address the specific needs and lack of access to formal financial services in non-metropolitan areas of India.
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