Company Information

Get to know Facio

Founded in 2020, Facio is a UK-based fintech company with a mission to improve financial wellbeing and reduce employee financial stress. The company partners with employers to provide an "Earned Wage Access" (EWA) or "Flexible Pay" solution, which integrates with existing payroll and HR systems. This service allows employees to draw down a portion of their accrued salary whenever they need it, aiming to provide an alternative to high-cost credit options like payday loans. The platform is offered as a free benefit for employers to enhance their employee value proposition.

Industry

Financial Electronic PaymentPRIMARY
Financial Banking
Financial Other Service

Contact

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Facio

Brazil

Founded in

01 Aug 2019 (7 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(78 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

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.