Company Information

Get to know elroy (formerly Wallet by BOSS Money)

elroy, which rebranded from "Wallet by BOSS Money," is a digital financial services platform operated by Elroy App, Inc., an affiliate of IDT Corporation. The company's mission is to provide simple, secure, and affordable financial services to underserved communities, particularly immigrants living and working in the U.S. Its core offerings include international money remittance to over 50 countries, international bill payment for utilities and other services for family abroad, and mobile airtime top-ups for international numbers. The service is delivered through a user-friendly mobile application, aiming to streamline cross-border financial transactions.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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elroy (formerly Wallet by BOSS Money)

United States

Founded in

2022 (4 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

(74 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.