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Egypt
Apr 2021 (5 Years)
Last online: No recent activity
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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.
Get to know Telda
Company Information
Get to know Telda
Founded in 2021 by Ahmed Sabbah and Youssef Sholqamy, Telda is an Egyptian fintech startup aimed at revolutionizing personal finance for the country's youth and unbanked population. The company provides a user-friendly mobile application that allows users to open a free digital account, receive a Mastercard-powered prepaid card, and perform various financial transactions, including peer-to-peer transfers, online payments, and in-store purchases. Telda was notably the first company to receive a license from the Central Bank of Egypt (CBE) under its new regulations, enabling it to issue cards and process payments in partnership with local banks.
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