Company Information

Get to know PolicyPal

Founded in 2016 by Val Yap, PolicyPal is an InsurTech company aiming to simplify the insurance process for consumers. It started as an app that used optical character recognition (OCR) to digitize and organize multiple insurance policies in one place, providing users with a consolidated overview of their coverage. The company has since evolved into a licensed digital insurance broker and financial advisor, enabling users to compare and buy a wide range of insurance products directly through its platform. PolicyPal was the first graduate from the Monetary Authority of Singapore's (MAS) fintech regulatory sandbox and was acquired by AMTD Digital Inc. in 2020.

Industry

Financial InsurancePRIMARY
Financial Other Service

Contact

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PolicyPal

Singapore

Founded in

2016 (10 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

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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.

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.