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Australia
01 Jun 2019 (7 Years)
Last online: No recent activity
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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.
Get to know Beforepay
Company Information
Get to know Beforepay
Founded in 2019 and publicly listed on the Australian Stock Exchange (ASX: B4P), Beforepay Group Limited is a FinTech company focused on providing a service known as "Pay On Demand™" or "earned wage access". The company's mission is to empower working Australians by giving them more control over their finances. Through its mobile app, Beforepay allows eligible users to access a portion of their pay in advance for a single fixed fee, without incurring interest, late fees, or other hidden charges. The service is designed as an ethical and transparent alternative to traditional short-term credit options like payday loans.
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