Company Information

Get to know Scred

Scred, Inc. operates a mobile application designed to facilitate lending and borrowing among friends, family, and social circles. The company's mission is to make credit more accessible by allowing users to formalize personal loans, track payments, and have those on-time payments reported to a major credit bureau (Equifax) to help build their credit score. The platform digitizes and automates the process of informal lending, providing a clear record of transactions and payment history for both the lender and the borrower.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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Scred

Finland

Founded in

2008 (18 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.