Company Information

Get to know Lemon Wallet

Lemon Wallet was a fintech company founded in 2011 that developed a popular digital wallet application for smartphones. Its mission was to create a secure, digital backup of a physical wallet, enabling users to store credit cards, debit cards, ID cards, and loyalty cards on their phone. The app also included features for tracking expenses and scanning receipts. In December 2013, Lemon Inc. was acquired by the identity theft protection company LifeLock for approximately $42.6 million. Following the acquisition, the Lemon Wallet technology was integrated into LifeLock's own digital wallet service, "LifeLock Wallet," and the original Lemon Wallet app was eventually shut down.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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Lemon Wallet

United States

Founded in

2011 (15 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

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ASIC

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.