Company Information

Get to know Bayfikr - A crossborder ecosystem

Bayfikr is a financial technology company that has developed a cross-border payments ecosystem designed to simplify international transactions for individuals. The company's primary focus is on helping people in the United Arab Emirates (UAE) make large, recurring, or one-off payments to beneficiaries in countries like the UK, Canada, and Australia. Bayfikr's mission is to offer a faster, more secure, and cost-effective alternative to traditional banks by providing transparent foreign exchange rates and a streamlined digital platform for paying expenses such as university tuition, property payments, and business invoices. The company is registered with the UK's Financial Conduct Authority (FCA) as a Small Payment Institution.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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Bayfikr - A crossborder ecosystem

United Kingdom

Founded in

2021 (5 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

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.