Company Information

Get to know Pact Fitness

Originally launched in 2011 as GymPact, the company rebranded to Pact in 2014. Its core business was a mobile application designed to motivate users to live healthier lives through financial incentives. Users would make a weekly "pact" to exercise more or eat healthier and set a monetary stake (e.g., $5 per missed workout). Those who met their goals were paid a small cash reward, funded by the pool of money collected from users who did not meet their commitments. The service eventually shut down in 2017 following significant user complaints and a settlement with the U.S. Federal Trade Commission (FTC) regarding improper billing and cancellation practices.

Industry

Technology Software DevelopmentPRIMARY
Financial Other Service

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Pact Fitness

United States

Founded in

15 Nov 2010 (15 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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BridgerPay

(180 reviews)

Cyprus

2017

(9 years)

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Security Information

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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.