Company Information

Get to know transferfriend

Founded in 2015 in Berlin, Germany, TransferFriend aimed to disrupt the traditional remittance industry by offering a transparent, fast, and significantly cheaper alternative for international money transfers compared to established banks. The company focused on the European market, leveraging technology to streamline the payment process. In March 2016, the company's assets were acquired by Australian-based OFX Group (formerly OzForex) as part of its European expansion strategy. Following the acquisition, TransferFriend's operations were eventually wound down, and its user base was migrated to the OFX platform.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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transferfriend

Malaysia

Founded in

2014 (12 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

Security Information :

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ASIC

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.