Company Information

Get to know uab verslo parama

UAB "Verslo parama" is the legal entity behind Verse, a popular mobile payment app focused on the European market. The application allows users to send, receive, and request money from their contacts instantly and without fees. Founded in 2015, Verse aimed to simplify social payments and financial interactions among peers. In 2020, the company was acquired by Block, Inc. (formerly Square, Inc.), a major American financial services and digital payments company. UAB "Verslo parama" is licensed and supervised by the Bank of Lithuania, which authorizes its operations as an Electronic Money Institution across the European Economic Area.

Industry

Financial Electronic PaymentPRIMARY
Financial Other Service

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uab verslo parama

Lithuania

Founded in

2014 (12 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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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.