c
carfinco inc.
Canada
Founded in
1996 (30 Years)
Founded
Last online: No recent activity
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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.
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Company Information
Get to know carfinco inc.
Company Information
Get to know carfinco inc.
Founded in 1997 and headquartered in Edmonton, Alberta, Carfinco Inc. established itself as one of Canada's leading providers of non-prime vehicle financing solutions. The company's business model focused on offering loans to consumers who were unable to obtain credit from traditional banking institutions. It operated through a vast network of independent and franchised automobile dealerships across all ten Canadian provinces. In 2015, Carfinco was acquired by the Royal Bank of Canada (RBC) for approximately $298 million, and its operations were integrated into RBC's auto finance division to expand the bank's reach into the non-prime lending market.
Industry
- Financial Other ServicePRIMARY
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