Company Information

Get to know Shrap

Shrap is a UK-based financial technology company founded to address the declining use of physical cash, particularly coins. The company provides a platform that allows shoppers to receive their change from purchases digitally via a mobile app, eliminating the need for physical coins. This collected digital change can then be saved, donated to charity, or spent at any participating retailer. Shrap's mission is to create a frictionless, coinless future for payments, benefiting both consumers who no longer need to carry change and retailers who can reduce cash handling costs and improve efficiency.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

Contact

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Shrap

United Kingdom

Founded in

08 May 2018 (8 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Others

--/10

Reviews

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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.

Regulated

Recommended

(77 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

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.