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United Kingdom
2019 (7 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 Wollit
Company Information
Get to know Wollit
Wollit Ltd is a UK-based financial technology company dedicated to improving the financial security of the self-employed and gig economy workforce. Founded to address the challenges of fluctuating income, Wollit provides a financial safety net through its mobile app. Its core services include the "Income Promise," which tops up users' earnings during slow months to a pre-agreed level, and a "Salary Advance" feature that allows users to access a portion of their earned income before their official payday. The company is authorised and regulated by the Financial Conduct Authority (FCA).
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