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Company Information

Get to know Genoapay

Founded in New Zealand, Genoapay was a financial technology company that provided a 'Buy Now, Pay Later' service. It enabled consumers to make purchases at participating retailers and spread the cost over 10 weekly, interest-free payments. In 2018, Genoapay was acquired by Latitude Financial Services, a major consumer finance provider in Australia and New Zealand. In early 2022, Latitude announced it would be closing the Genoapay brand and platform to consolidate its BNPL offerings. Genoapay officially ceased operations on April 11, 2022, and all existing accounts and queries were subsequently managed by Latitude Financial.

Industry

Financial PaymentPRIMARY
Financial Banking
Financial Insurance

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Genoapay

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Founded in

01 Jan 2016 (10 Years)

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TrustFinance

(968 reviews)

Singapore

2020

(5 years)

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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.