Company Information

Get to know Aeldra

Aeldra was a U.S.-based neobank founded to provide global citizens, with a primary focus on customers from India, access to U.S. banking services. The company offered FDIC-insured checking accounts, a Mastercard debit card, and investment capabilities through its partnership with a U.S.-based regulated bank, Blue Ridge Bank, N.A. Aeldra's mission was to enable seamless cross-border banking for professionals, students, and investors living outside the United States. However, following significant regulatory scrutiny of its partner bank, Aeldra announced it was ceasing all operations as of March 31, 2023, and transitioned its customers' accounts directly to Blue Ridge Bank.

Industry

Financial Offshore BankingPRIMARY
Financial Banking
Financial Other Service

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Aeldra

United States

Founded in

2019 (7 Years)

Founded

Last online: No recent activity

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

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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.