Company Information

Get to know Ascent Microfinance

Ascent Microfinance Bank Limited is a financial institution licensed by the Central Bank of Nigeria (CBN) to provide banking services to the unbanked and under-banked population. Originating as a Community Bank in 1993 and converting to a Microfinance Bank in 2007, its mission is to empower micro, small, and medium-sized enterprises (MSMEs) and low-income individuals through access to credit, savings, and other financial products, thereby fostering economic growth and financial inclusion.

Industry

Financial BankingPRIMARY
Financial Investment
Financial Other Service

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Ascent Microfinance

United States

Founded in

2017 (9 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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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.