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Brazil
2017 (9 Years)
Last online: No recent activity
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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 VirtusPay
Company Information
Get to know VirtusPay
Founded in 2018, VirtusPay is a fintech focused on democratizing access to credit and flexible payment methods in Brazil. The company's primary service enables customers to pay "boletos" (a popular Brazilian invoicing method) and other purchases in up to 12 installments by leveraging the available limit on their existing credit cards. By acting as a financial intermediary, VirtusPay aims to provide a convenient solution for managing expenses and making larger purchases more accessible, positioning itself as a key player in the "Buy Now, Pay Later" (BNPL) market in Brazil.
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