Company Information

Get to know SOCASH

Founded in 2015, SOCASH created a platform that connects banks, merchants, and consumers to facilitate cardless cash withdrawals. The service allows users of partnered mobile banking apps to withdraw cash from a vast network of participating merchants, such as convenience stores and cafes, effectively creating an "aggregator of small merchants into a scalable network for cash." In February 2022, SOCASH was acquired by the global B2B payments company Nium to expand Nium's real-time payment and payout capabilities, integrating SOCASH's network as an alternative cash collection and payout solution.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service
Technology Software Development

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SOCASH

Singapore

Founded in

10 Mar 2016 (10 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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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.