Company Information

Get to know Joonko

Founded in 2016, Joonko was a technology company that aimed to help businesses meet their diversity, equity, and inclusion (DEI) goals. Its software-as-a-service (SaaS) platform connected with a company's Applicant Tracking System (ATS) to identify silver-medalist candidates from underrepresented backgrounds (e.g., women, people of color, veterans) who were not hired. These candidates were then added to a shared talent pool, giving other companies in the Joonko network access to a pre-vetted, diverse group of job seekers. The company raised over $35 million in venture capital. However, in May 2023, Joonko abruptly shut down operations following an investigation that revealed its founder had allegedly falsified data regarding the company's clients and revenue.

Industry

Technology Software DevelopmentPRIMARY
Financial Insurance
Financial Other Service

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Joonko

Germany

Founded in

24 Jun 2019 (7 Years)

Founded

Last online: No recent activity

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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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.