MoolahGo is a regulated Financial Technology (Fintech) company that provides digital financial services to individuals and businesses.
Our slogan "Your Money. Your Way." perfectly reflects our mission. This mission is to make financial services fair and accessible for everyone and at their own terms.
The story started when its Founder realized that the current way of performing basic transactions have not really changed much even though new fintechs have sprouted up in recent years – Consumers still do not have the power to transact on their terms!
And not to mention that countless of people are today still going through the traditional time-consuming and unappealing ways of performing financial transactions. And worst of all, unnecessarily paying high costs for them.
With the Founding team assembled and after copious amounts of testing and development, MoolahGo made its debut in January 2018 with two products (i.e. Currency-exchange and Cross-border payments).
Other exciting financial products will be offered in the near future.
We have invested in thousands of hours of R&D to develop our proprietary technology. The result is an innovative, user-friendly and exciting Marketplace platform that brings about tremendous benefits to our users. Such a marketplace platform for currency exchange and cross-border payments is probably a First in this region, if not the World!
And to comply with the various regulatory requirements on Anti-Money Laundering and Countering Financing of Terrorism across the region, our technology includes robotics to detect potential suspicious activities and to prevent them upfront. We go the extra mile to make our platform intelligent because we want to keep you (our members) safe from becoming a victim of financial crimes.
Real-time assessment of transaction patterns to flag out potential suspicious transactions
Further enhance security of our transactions with immutable smart contracts to prevent fraud and hacking (evaluation phase)
New country-specific exchange control rules easily plugged in for enforcement and compliance by the system
We are licensed and regulated by The Monetary Authority of Singapore ("MAS") as a Major Payment Institution under the Payment Services Act 2019. To be granted a license, MoolahGo is required to demonstrate that we have effective procedures in combating money-laundering and terrorism financing as well as to prevent fraud. In addition, our team needs to fulfill fit-and-proper tests conducted by MAS to ensure that the people behind MoolahGo is of high integrity.
Our Major Payment Institution license is PS20200262 which you could verify in MAS' website here.
As a licensed, regulated and annually audited entity, you can be assured that we have the fiduciary duty to handle your money transactions with great care.