Company Information

Get to know Worldcore

Worldcore was a Czech Republic-based financial technology company, operated by EUPSPROVIDER s.r.o., that launched in 2015. It positioned itself as an alternative to traditional banking, offering services such as multi-currency payment accounts, international money transfers, prepaid debit cards, mass payments, and a payment gateway for e-commerce businesses. The company gained initial traction and won several industry awards. However, in late 2018, Worldcore suffered a major cyberattack resulting in significant financial losses. Following this event, the Czech National Bank (CNB) conducted an investigation and subsequently revoked the company's payment institution license in March 2019 for serious breaches of anti-money laundering (AML) regulations, which led to the cessation of all its operations.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service
Financial Payment

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Worldcore

Czech Republic

Founded in

22 Jul 2014 (12 Years)

Founded

Last online: No recent activity

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Markets.com

(327 reviews)

United States

2008

(18 years)

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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.

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.