Company Information

Get to know Payfrica Limited

Payfrica Limited is a UK-based fintech firm founded to bridge the financial gap between Africa and the rest of the world. The company offers a suite of payment services, including multi-currency accounts, foreign exchange, and access to local African payment methods like Mobile Money and bank transfers. Its mission is to empower businesses by simplifying international trade and providing secure, efficient, and cost-effective payment infrastructure for transactions into and out of the African continent.

Industry

Financial PSP GatewayPRIMARY
Financial Other Service

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Payfrica Limited

Nigeria

Founded in

2023 (3 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.