Company Information

Get to know Zoto

Zoto was a fintech company based in Nigeria that provided a mobile application for fast and secure digital payments. Launched with a focus on being the quickest way to recharge mobile airtime and pay bills, it gained significant traction, processing millions of transactions. In March 2019, the global fintech company Tala, known for its mobile lending services in emerging markets, acquired Zoto to accelerate its expansion into Nigeria and integrate Zoto's payment features and user base into its platform.

Industry

Financial Electronic PaymentPRIMARY
Financial Banking
Financial Other Service

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Zoto

Nigeria

Founded in

28 May 2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

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.