Company Information

Get to know InnBucks MicroBank Limited

InnBucks MicroBank Limited began as a customer rewards program for Simbisa Brands, a major fast-food restaurant operator in Africa. It evolved into a popular mobile money platform for sending, receiving, and paying for goods and services. In 2022, following a directive from the Reserve Bank of Zimbabwe, the company ceased its initial operations and subsequently secured a deposit-taking microfinance banking license. It has since relaunched as a fully regulated microbank, focusing on financial inclusion by providing simple and low-cost banking solutions, including savings accounts and payment services, to the Zimbabwean population via its smartphone app.

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Financial BankingPRIMARY
Financial Other Service

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InnBucks MicroBank Limited

Zimbabwe

Founded in

2020 (6 Years)

Founded

Last online: No recent activity

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

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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.