Company Information

Get to know Money Auction

Launched in 2008, Money Auction is an online P2P lending platform operated by au Jibun Bank, a major internet bank in Japan. The service facilitates direct lending between individuals, bypassing traditional financial intermediaries. Its unique feature is the auction model, where potential lenders bid on the interest rate they are willing to offer for a specific loan request, allowing borrowers to secure funding at competitive rates determined by market supply and demand. The platform manages the entire process, from borrower credit screening to the administration of loan repayments.

Industry

Financial FundraisingPRIMARY
Financial Other Service

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Money Auction

South Korea

Founded in

N/A

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

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.