Company Information

Get to know Payfriendz

Payfriendz was a London-based fintech startup that provided a mobile P2P payment service, often described as a European equivalent to Venmo. The application allowed users to easily send, receive, and request money from their contacts, integrating social features like a chat function to make transactions more interactive. Founded in 2013, the company aimed to eliminate the friction of small-value money transfers between friends. Despite raising seed funding, Payfriendz announced it was ceasing operations and officially shut down its platform on November 24, 2017.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service
Financial PSP Gateway

Contact

Social

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Payfriendz

United Kingdom

Founded in

Jul 2013 (13 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

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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.