A
Alternative Circle
Kenya
Founded in
Mar 2016 (10 Years)
Founded
Last online: No recent activity
OVERALL SCORE
Others
2/10
Reviews
41/90
3 reviews
Provided by TrustFinance
OVERALL SCORE
Others
2/10
Reviews
41/90
3 reviews
Provided by TrustFinance
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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.
Company Information
Get to know Alternative Circle
Company Information
Get to know Alternative Circle
Founded in 2016, Alternative Circle Limited is a fintech company dedicated to promoting financial inclusion in Africa, starting with Kenya. Its mission is to provide simple, instant, and accessible financial services to the underbanked population. The company leverages mobile technology and proprietary artificial intelligence to analyze data and determine creditworthiness, allowing for the rapid disbursement of micro-loans through its platforms. Its flagship product is the Shika app, which provides a convenient way for users to apply for and receive loans directly on their smartphones. Alternative Circle is licensed and regulated as a Digital Credit Provider by the Central Bank of Kenya (CBK).
Industry
- Financial Electronic PaymentPRIMARY
- Financial Other Service
- Media Media Advertising
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Reviews
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Review Analytic
A
TJ
Direct
Excellent
Overall Thought
I encountered several issues but none was left unsolved as they had several experienced personnel in place that the piece for their services were not exhobitant at all. This company place a high emphasis on security. They are truly the best in business.
Mar 19, 2023
Huzaifa Khan
Direct
Excellent
Overall Thought
Circle is a website and software program that aims to make sending money easier and faster as well as integrated with standard communication. You can use Circle to send standard messages as easily as you can use it to send money. Money send under $250,000 is FDIC insured, and your account details are doubly encrypted to ensure the maximum possible security. Circle is free to download and there are no exchange fee markups when trying to switch currency, ensuring that you keep the majority of your cash. The messaging service allows you to send emojis and GIFs as well as normal messages or money transfers.
Feb 12, 2023
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