Company Information

Get to know Foree Sahulat

Foree, the trading name for Augustasoft (Private) Limited, is a technology company founded in 2018 with a mission to digitize Pakistan's economy. The company is developing a comprehensive digital payment ecosystem that enables seamless and secure transactions through services like QR code payments, direct bank-to-bank transfers, bill payments, and mobile top-ups. By connecting consumers, merchants, and financial institutions on a single platform, Foree aims to accelerate the adoption of digital payments and foster financial inclusion in a predominantly cash-based economy. The company holds an in-principle approval from the State Bank of Pakistan (SBP) to operate as an Electronic Money Institution (EMI).

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Financial PSP GatewayPRIMARY
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Foree Sahulat

Pakistan

Founded in

2019 (7 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Cyprus

2017

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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.