Company Information

Get to know Pyng FinTech LTD

Pyng FinTech LTD is a UK-based company that developed the Pyng app to simplify digital payments. Its mission is to make sending and requesting money as easy as sending a message, eliminating the need for traditional bank details like sort codes and account numbers. Users can transact securely using unique usernames (@pyngtags). The service is positioned as a modern, fast, and user-friendly alternative to conventional bank transfers for everyday transactions between friends, family, and peers. Pyng operates as an EMD (E-Money Directive) Agent of Modulr Finance Limited, which is regulated by the Financial Conduct Authority (FCA).

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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Pyng FinTech LTD

United Kingdom

Founded in

2023 (3 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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Security Information

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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.