Company Information

Get to know Xaalys

Founded in 2017 by Diana Brondel, Xaalys was a fintech startup targeting adolescents in France. Its mission was to promote financial literacy among young people by offering a controlled and educational banking experience. The service included a mobile application for both the teenager and their parents, a Mastercard payment card, and features for managing pocket money, setting savings goals, and tracking expenses. Parents could monitor transactions, set spending limits, and instantly transfer money. Despite raising over €3 million in funding, the company faced financial difficulties and was placed into judicial liquidation in February 2021. Its brand and assets were subsequently acquired by its competitor, Vybe.

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Financial BankingPRIMARY
Financial Other Service

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Xaalys

France

Founded in

2017 (9 Years)

Founded

Last online: No recent activity

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

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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.