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India
2021 (5 Years)
Last online: No recent activity
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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.
Get to know RupeePi
Company Information
Get to know RupeePi
RupeePi was a mobile financial application that operated in the Indian market, offering quick, small-ticket personal loans to individuals. The service was designed to provide easy access to credit, bypassing the lengthy procedures of traditional banks. However, the platform became widely associated with a major predatory lending app scandal in India. It faced numerous public accusations of charging exorbitant interest rates, accessing excessive personal data from users' phones, and using coercive and abusive tactics for loan recovery. Due to these illicit activities and alleged connections to foreign entities, RupeePi was officially banned by the Government of India and removed from the Google Play Store as part of a nationwide crackdown on unauthorized digital lenders.
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