Company Information

Get to know Fonbnk

Fonbnk, Inc. is a financial technology company focused on promoting financial inclusion across emerging economies. Its mission is to connect the unbanked and underbanked to the global digital economy by leveraging existing mobile infrastructure. The company's core service is a platform that enables individuals to convert prepaid mobile airtime, a widely held and liquid asset in many developing nations, directly into digital currencies like stablecoins (e.g., cUSD, USDC). This provides a decentralized on-ramp to Web3 and DeFi services for users without access to traditional banking, allowing them to save, send, and invest money digitally.

Industry

Financial Electronic PaymentPRIMARY
Crypto Cryptocurrency
Financial Banking

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Fonbnk

United States

Founded in

03 Dec 2019 (6 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

Security Information :

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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.

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.