Company Information

Get to know Setu

Setu, legally known as Brokentusk Technologies Private Limited, is a financial technology company that builds APIs to help businesses create and embed financial products for their customers. Founded in 2018, the company's mission is to accelerate financial inclusion and innovation in India by providing the technological "bridges" between financial institutions and developers. Setu's product suite enables services such as digital payments via UPI, data access through the Account Aggregator framework, identity verification (eKYC), and automated collections. The company was acquired by Pine Labs in 2022 and subsequently acquired by the lending fintech Fibe in 2024.

Industry

Technology Software DevelopmentPRIMARY
Financial Other Service

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Setu

India

Founded in

2018 (8 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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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.