Company Information

Get to know Democrance

Democrance is a B2B technology company founded with the mission to democratize insurance by making it accessible and affordable for everyone. The company provides a full-stack technology platform that digitizes the entire insurance value chain for its partners, which include insurance companies, mobile network operators, and other digital platforms. By leveraging technology and mobile connectivity, Democrance enables these partners to offer microinsurance and other protection products to uninsured and underinsured customers, primarily in emerging markets. Their platform handles everything from customer onboarding and policy administration to claims processing, simplifying the process for both providers and end-users.

Industry

Technology Software DevelopmentPRIMARY
Financial Insurance
Financial Other Service

Contact

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Democrance

United Arab Emirates

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

Company hasn't provided information.

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.