Company Information

Get to know MYKOLO.NG

MyKolo Tech Ltd operates MYKOLO.NG, a fintech platform aimed at helping Nigerians cultivate a healthy savings and investment culture. The service functions as a digital "piggybank," offering various automated and goal-oriented savings plans such as KoloSave, KoloFlex, and KoloTarget. In addition to savings, the platform provides users with access to investment opportunities. According to the company, user funds are warehoused and managed by ARM Investment Managers, a firm licensed and regulated by the Nigerian Securities & Exchange Commission (SEC), to ensure the security and professional management of assets.

Industry

Financial InvestmentPRIMARY
Financial Other Service

Contact

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MYKOLO.NG

Nigeria

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

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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.