Company Information

Get to know betalo ab

Founded in 2012, Betalo AB was a Stockholm-based financial technology company that operated as a licensed payment institution. Its core service allowed users to pay any Swedish bill or make transfers to any Swedish bank account using their personal or corporate credit cards via a mobile app and website. The company's mission was to help users manage their finances more flexibly and leverage credit card benefits, such as reward points and extended payment periods, for everyday expenses. In December 2023, Betalo AB filed for bankruptcy and subsequently ceased all operations.

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Financial PSP GatewayPRIMARY
Financial Other Service

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betalo ab

Sweden

Founded in

2011 (15 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

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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.