Company Information

Get to know underlie - Acquired by Fintech Galaxy

Founded in 2021 in Egypt by Abdelrahman Ezz, Underlie was an open banking platform-as-a-service provider. The company developed a unified API that enabled fintechs, developers, and other businesses to securely access customer financial data from various banks and initiate payments. In 2022, Underlie was acquired by the UAE-based open finance leader, Fintech Galaxy. The acquisition aimed to accelerate Fintech Galaxy's expansion in the MENA region, integrating Underlie's technology and talent into its flagship open finance platform, FINX.

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Technology Software DevelopmentPRIMARY
Financial Other Service

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underlie - Acquired by Fintech Galaxy

Egypt

Founded in

2021 (5 Years)

Founded

Last online: No recent activity

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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.