Key Data

• Trading Name: Zoro Card
• Legal Entity: Zoro Inc.
• Activities: Debit card Provider
• Location: USA
• Regulations: white labeled
• Key People: not given

Zoro Card is a financial technology company that offers a way to build credit using a debit card. Instead of relying on traditional credit cards, Zoro Card allows users to load money onto their account, which they can then spend using a Zoro Visa Debit Card.

The card is designed to automatically pays off each month with the money preloaded by the user, ensuring that users never spend more than they have. The company reports spending activity to credit bureaus, helping users build their credit history.

Regulation

The Zoro Card, issued by Hatch Bank (Member FDIC), is regulated under U.S. banking laws, ensuring that users’ funds are protected. As a Visa-licensed product, it adheres to strict financial standards, providing the security and compliance expected from FDIC-insured institutions.

Compliance Check

The website does not indicate the beneficial owners, executives, or team. Social media channels are also missing. The websites do not provide transparent information on prices and fees. Overall, this transparency approach results in an orange flag.

Customer Reviews

Zoro Card currently does not have any customer reviews available, which could be a cause for concern. The absence of customer feedback makes it difficult to assess the quality and reliability of their services from an end-user perspective.

Conclusion and Rating

Due to the lack of information about key decision-makers, the limited web presence, and the absence of customer reviews, we are categorizing ZoroCard as “Orange” from both a compliance and customer perspective. This rating indicates an elevated risk, necessitating further scrutiny and caution in any potential collaboration.