Company Information

Get to know Zave

Zave was a Singapore-based fintech startup that provided a mobile app designed to make saving and investing effortless, particularly for millennials. The application allowed users to automatically save small amounts of money by rounding up their daily digital transactions to the nearest dollar and transferring the spare change into their Zave account, which could then be invested. In 2018, the company was acquired by United Overseas Bank (UOB) to enhance the bank's digital engagement with younger customers. Following the acquisition, the standalone Zave app was discontinued, and its features and concept were integrated into UOB's primary mobile banking application, now known as UOB TMRW.

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Zave

United States

Founded in

2022 (4 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(77 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

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DFSA

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.