Company Information

Get to know Banco Afro (Afro Bank)

Banco Afro is a fintech that operates as a digital bank in Brazil with a mission to promote financial and social inclusion for the black community. Originally founded as "AfroBusiness," the company evolved to offer a complete digital banking platform. It provides services such as digital accounts for individuals (PF) and businesses (PJ), credit and debit cards, payment solutions (including Brazil's Pix system), and tools aimed at fostering black entrepreneurship. The bank's core philosophy is to create a financial ecosystem that understands and addresses the specific needs of its target audience, reducing systemic inequalities and generating economic empowerment.

Industry

Financial BankingPRIMARY
Financial Other Service

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Banco Afro (Afro Bank)

Brazil

Founded in

2019 (7 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

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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.