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United States
2014 (12 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 ScaleFactor
Company Information
Get to know ScaleFactor
Founded in 2014 by Kurt Rathmann, ScaleFactor aimed to revolutionize accounting for small and medium-sized businesses by providing a smart finance and accounting software platform. The company raised over $100 million in funding from prominent investors by marketing its solution as heavily reliant on artificial intelligence and machine learning to automate complex financial tasks. However, in 2020, reports emerged that the platform's "AI" was largely a facade, with much of the work being performed manually by a large team of accountants. This unsustainable business model, coupled with the economic impact of the COVID-19 pandemic, led to the company abruptly shutting down its operations in mid-2020.
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