Company Information

Get to know Mzansi Wethu Cooperative

Mzansi Wethu Co-operative Financial Institution Ltd is a financial entity established in 2012 and formally registered in 2014. It operates as a member-owned and controlled institution, functioning similarly to a credit union. Its mission is to promote thrift and provide accessible and affordable financial services, including savings accounts, personal loans, and business loans, primarily to underserved communities in South Africa. The cooperative is authorised and regulated by the Prudential Authority of the South African Reserve Bank (SARB).

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Financial BankingPRIMARY
Financial Other Service

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Mzansi Wethu Cooperative

South Africa

Founded in

2020 (6 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)

Security Information :

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ASIC

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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.