Company Information

Get to know Northmill

Founded in 2006, Northmill is a technology-driven bank with a mission to improve people's financial lives through accessible and user-friendly products. Initially a consumer credit institution, the company obtained a full Swedish banking license in 2019 from the Swedish Financial Supervisory Authority. Northmill leverages technology and data to offer a suite of personalized banking services, including savings accounts, loans, credit, and insurance, aiming to provide a more transparent and competitive alternative to traditional banking.

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Financial BankingPRIMARY
Financial Other Service

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Northmill

Sweden

Founded in

2006 (20 Years)

Founded

Last online: No recent activity

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Cyprus

2017

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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.