Company Information

Get to know Fundamo (Proprietary)

Founded in 1999 in Cape Town, South Africa, Fundamo was a pioneer in developing and supplying software for mobile financial services. The company's core product was an enterprise-level platform that enabled banks, mobile network operators, and other financial institutions to offer mobile banking, person-to-person payments, and mobile commerce services to their customers, with a particular focus on the unbanked and underbanked populations in developing countries. In June 2011, Visa Inc. acquired Fundamo for approximately $110 million to accelerate its mobile payment and financial inclusion strategies globally. Following the acquisition, Fundamo's technology and team were integrated into Visa's broader product offerings, and the company ceased to operate as an independent entity.

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Technology White Label PlatformPRIMARY
Financial Other Service

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Fundamo (Proprietary)

South Africa

Founded in

2000 (26 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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Security Information

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This company is currently Unproved.

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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.