Company Information

Get to know Smolleys (Banking For Kids)

Smolleys is a financial education platform aimed at empowering the next generation with sound financial literacy. The company provides a secure mobile application for parents and a corresponding prepaid debit card for children. Through the app, parents can instantly transfer money, set spending limits, assign paid chores, and monitor their child's transaction history. The service is designed to create a practical learning environment where kids can learn to budget, save, and spend responsibly under parental guidance. The company's mission is to make conversations about money easier and more effective for families.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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Smolleys (Banking For Kids)

Rwanda

Founded in

2022 (4 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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--/10

Reviews

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Regulated

Recommended

(73 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

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.