Company Information

Get to know Denarii (Acquired by Careem)

Founded in 2018, Denarii was a financial technology company headquartered in Dubai that focused on providing digital financial services for migrant workers. Its primary product was a mobile wallet that enabled users to manage their finances and perform cross-border remittances easily and at a lower cost than traditional services. The platform initially targeted overseas Filipino workers in the UAE before expanding its services. In July 2022, Denarii was acquired by the regional super-app Careem. The Denarii team and its underlying technology were integrated into Careem Pay to enhance and expand its international remittance and digital payment capabilities.

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Financial Electronic PaymentPRIMARY
Financial Other Service

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Denarii (Acquired by Careem)

United Arab Emirates

Founded in

2019 (7 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

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ASIC

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.